Merrill Edge vs Webull 2025
In this head to head comparison of Merrill Edge vs Webull, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of Merrill Edge vs Webull, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When evaluating online brokerage options, Merrill Edge and Webull both offer a range of investment services with unique features. If you prioritize a broad selection of investments, Merrill Edge stands out with its offering of stock trading, margin trading, and mutual funds, earning it a 4.5-star rating for its range of investments and a #7 ranking by StockBrokers.com. Webull, on the other hand, offers stock trading, margin trading, and options trading, alongside access to fractional shares, making it particularly appealing to investors looking to start small or those interested in futures trading. However, it has received slightly lower recognition, with a 4-star rating and a #12 ranking for its investment range.
Merrill Edge offers a more traditional investment approach, including mutual funds and advisory services, which Webull does not provide. This makes Merrill Edge an appealing choice for those who seek diversified and guided investment strategies alongside basic trading options like stocks, options, and OTC stocks. In contrast, Webull caters to those who prefer modern digital tools and flexibility, offering futures trading but without mutual funds or advisor services. Additionally, both Merrill Edge and Webull provide traditional and Roth IRA accounts, suiting investors focusing on retirement savings.
While neither Merrill Edge nor Webull supports cryptocurrency trading, investors focused on innovative trading solutions might prefer Webull for its futures and fractional shares offering. Conversely, if you're interested in a more diversified investment portfolio with the backing of professional advisory services, Merrill Edge may be the better choice. Both platforms have their merits, so the best fit will ultimately depend on your personal investment goals and preferences.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | Yes |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | No | Yes |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing Merrill Edge and Webull's trading platforms and tools, each has its strengths that cater to different trader preferences. Both merit a solid four stars for their offerings, with Merrill Edge slightly edging out Webull in rankings—sixth and seventh, respectively, among 18 brokers according to StockBrokers.com. While Webull stands out with its downloadable platforms for both Windows and Mac, Merrill Edge excels in charting capabilities, offering more technical indicators and drawing tools.
Webull offers a comprehensive experience with a downloadable trading platform for Windows and Mac, alongside its browser-based platform. It also provides paper trading, an excellent feature for those who want to practice without risking real money. Despite these advantages, Webull falls short in certain areas such as the number of fields available for watch lists, offering only 35 compared to Merrill Edge's expansive 285.
Merrill Edge's platform is entirely browser-based but is applauded for its detailed charting functionalities. It provides 105 technical indicators and 23 drawing tools, along with features like the ability to adjust open orders directly on charts and display historical trades, corporate events, and automated technical analysis. While both platforms allow for chart note-taking and index overlays, Merrill Edge allows for custom date ranges and saving multiple chart profiles, adding to its allure for detail-oriented traders.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | Yes |
Desktop Platform (Mac) | No | Yes |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 285 | 35 |
Charting - Indicators / Studies | 105 | 52 |
Charting - Drawing Tools | 23 | 19 |
Platforms & Tools |
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Dive deeper: Best Stock Brokers & Trading Platforms for 2025, Best Paper Trading Platforms for 2025
When it comes to investor education, both Merrill Edge and Webull offer a variety of resources catering to beginners eager to learn about the stock market. Merrill Edge provides education on stocks, ETFs, options, mutual funds, and bonds, allowing for a comprehensive understanding across different investment types. On the other hand, Webull covers stocks, ETFs, and options, but does not include mutual funds or bonds in its educational offerings. Both platforms offer educational videos, webinars, and quizzes, creating immersive learning environments. However, Webull stands out by offering paper trading, which is a valuable tool for beginners looking to practice their strategies in a risk-free environment. Additionally, Webull allows users to track their educational progress, providing a clear view of their learning journey over time.
Merrill Edge is rated 4.5 out of 5 stars for its educational offerings, while Webull has earned a 4-star rating. According to StockBrokers.com, Merrill Edge is ranked as the fifth best out of 18 brokers for education resources, showcasing its strong commitment to investor education. Webull, coming in at the eleventh position, still presents quality educational tools, albeit not as extensive as those of Merrill Edge. This makes Merrill Edge an excellent choice for those seeking a thorough educational experience, especially in areas like mutual funds and bonds. Meanwhile, Webull's paper trading feature and progress tracking can appeal to beginners who prefer practical, hands-on learning experiences.
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | Yes | No |
Paper Trading | No | Yes |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When considering stock trading apps, both Merrill Edge and Webull emerge as top-rated choices with a rating of 4.5 out of 5 stars. Webull slightly edges out Merrill Edge, ranking 5th while Merrill Edge holds the 6th position out of 18 brokers. For users prioritizing after-hours trading or extensive charting options, Webull may be more appealing. However, both platforms offer competitive features, making them reliable choices for a diverse range of trading needs.
Both Merrill Edge and Webull cater to users on both iPhone and Android devices, ensuring accessibility for most smartphone users. While Webull stands out by accommodating Apple Watch users, Merrill Edge does not offer this feature. When it comes to mobile trading flexibility, both platforms support after-hours and options trading. They also provide streaming quotes, security alerts, and customizable watchlists, although neither allows customization of watchlist columns.
In terms of charting capabilities, both apps allow users to view charts in landscape mode and provide multiple time frames. However, Webull offers a richer charting experience with after-hours charting and 56 technical studies compared to Merrill Edge’s 34. Both platforms allow stock comparisons on their charts but lack in providing streaming live TV or on-demand video content, keeping their focus on core trading functionalities.
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | Yes |
Stock Alerts | Yes | Yes |
Charting - After-Hours | No | Yes |
Charting - Technical Studies | 34 | 56 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When choosing between Merrill Edge and Webull, both platforms offer compelling terms, but the choice often boils down to specific needs. Both brokers require no minimum deposit and charge no fees for regular stock trades, making them accessible for beginner investors. However, they diverge on the cost of trading options, as Webull stands out with a $0 fee per options contract compared to Merrill Edge’s $0.65 charge. For margin trading, Webull provides more transparency with defined interest rates, while Merrill Edge’s rates are variable. Also, Webull offers cost-free IRA closures, whereas Merrill Edge imposes a $49.95 fee. A key point in Merrill Edge's favor is their free account transfers, which Webull does charge for.
Merrill Edge shines by offering complimentary account transfers, both partial and full, which is in stark contrast to Webull’s $75 transfer charge. Furthermore, neither broker imposes fees for establishing an IRA account or executing options exercises and assignments, providing cost advantages in these areas. Additionally, Webull distinguishes itself with zero charges for options contracts, presenting a cost-effective solution for options traders, while Merrill Edge does include a $0.65 fee per contract. This variance could impact the long-term expenses of active options traders.
When considering margin balances, Webull provides pre-determined rates that vary by the range of the balance: 9.24% for balances below $25,000, 8.74% for $25,000 - $49,999, and 8.24% for $50,000 - $99,999. Meanwhile, Merrill Edge employs a variable rate system, which can be less predictable for investors planning their margin strategies. Both brokers do not require a minimum deposit or charge fees for IRA maintenance, aligning with investor expectations for low-cost entry and maintenance. Ultimately, Merrill Edge and Webull offer attractive, low-cost options for investors, but your choice will reflect your specific trading preferences and cost priorities.
Feature |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.00 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $49.95 | $0.00 |
Dive deeper: Best Free Trading Platforms for 2025
When it comes to day trading, both Merrill Edge and Webull have unique strengths and limitations. For investors looking at real-time decision-making, both platforms provide streaming time and sales data, as well as level 2 quotes, helping traders stay informed about market dynamics. However, Webull offers a slight edge by providing ladder trading and trading hotkeys, which can be attractive for traders seeking a bit more control and agility in executing trades. Unfortunately, neither platform offers streaming live TV or direct market routing, which may be a consideration for those who rely heavily on such features.
Merrill Edge, on the other hand, allows traders to perform basic strategy backtesting, a useful feature for those looking to refine their trading strategies. Conversely, neither Merrill Edge nor Webull supports advanced strategy backtesting or access to a short locator tool for finding available shares to short. Importantly, both platforms lack order liquidity rebates, which might be a disadvantage for traders who focus on high-frequency trading strategies. Ultimately, the best platform depends on the specific tools and features an individual day trader values most.
Feature |
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Streaming Time & Sales | Yes | Yes |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | Yes | Yes |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
Choosing between Merrill Edge and Webull for market research capabilities reveals distinct advantages depending on your investment needs. Merrill Edge excels with comprehensive research offerings, receiving a 5-star rating and ranking 5th among 18 brokers for market excellence. It offers in-depth stock, ETF, and mutual fund research, along with Pink Sheets and bond analysis. By contrast, Webull provides certain innovative features like social media sentiment analysis, but lacks a variety of traditional research tools, earning only a 2.5-star rating and placing 9th. Overall, if an exhaustive research platform is essential, Merrill Edge might be the better choice.
Merrill Edge stands out for its extensive range of research capabilities. Investors using Merrill Edge benefit from downloadable PDF reports for stocks, ETFs, and mutual funds, alongside access to bond research—a feature not available with Webull. Merrill Edge also offers tools to evaluate portfolio allocation across asset classes and provides ESG research, meeting the needs of socially conscious investors. With a well-rounded suite of stock, ETF, and bond screeners, Merrill Edge supports a wide array of trade idea generation.
Webull, while not as comprehensive in traditional research tools, brings modern insights through social media sentiment data, an area where Merrill Edge is lacking. Although Webull does provide basic stock research and analysis of Pink Sheets, it misses out on ETF and mutual fund downloadable reports, and lacks research on bonds and ESG factors. Additionally, Webull does not offer a way to analyze portfolio allocation by asset class, making it less suitable for those seeking an in-depth understanding of their investment distribution.
Feature |
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | No |
Research - Mutual Funds | Yes | No |
Screener - Mutual Funds | Yes | No |
Research - Bonds | Yes | No |
Screener - Bonds | Yes | No |
Research |
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When comparing Merrill Edge and Webull for banking services, Merrill Edge clearly stands out as the more comprehensive option. Merrill Edge provides a complete suite of banking products, including checking accounts, savings accounts, and debit and credit cards, all of which Webull lacks. Additionally, Merrill Edge offers mortgage loans and certificates of deposit (CDs), whereas Webull does not provide these services. For anyone looking to consolidate their investments and banking needs under one roof, Merrill Edge offers a range of options that Webull simply does not match.
Feature |
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Checking Accounts | Yes | No |
Savings Accounts | Yes | No |
Debit Cards | Yes | No |
Credit Cards | Yes | No |
Mortgage Loans | Yes | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Merrill Edge is better than Webull. Merrill Edge finished with an overall score of 92.7%, while Webull finished with a score of 81.0%.
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
Merrill Edge and Webull both do not offer cryptocurrency trading, as neither platform supports coins for crypto transactions.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both Merrill Edge and Webull offer traditional and Roth IRA accounts with no annual fees, but unlike Webull, Merrill Edge charges a $49.95 closure fee when closing IRA accounts.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | Merrill Edge | Webull | |
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Mobile Trading Apps |
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Education |
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Winner | check_circle | ||
Review | Merrill Edge Review | Webull Review |
Broker Screenshots | Merrill Edge | Webull | |
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Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | Merrill Edge | Webull | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | Varies | N/A | |
Options (Per Contract) | $0.65 | $0.00 | |
Futures (Per Contract) | (Not offered) | $1.25 | |
Broker Assisted Trade Fee | $29.95 | N/A |
Margin Rates | Merrill Edge | Webull | |
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Margin Rate Under $25,000 | Varies | 9.24% | |
Margin Rate $25,000 to $49,999.99 | Varies | 8.74% | |
Margin Rate $50,000 to $99,999.99 | Varies | 8.24% | |
Margin Rate $100,000 to $249,999.99 | Varies | 7.74% | |
Margin Rate $250,000 to $499,999.99 | Varies | 7.74% | |
Margin Rate $500,000 to $999,999.99 | Varies | 6.74% | |
Margin Rate Above $1,000,000 | Varies | 6.24% |
Account Fees | Merrill Edge | Webull | |
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IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $49.95 | $0.00 | |
Account Transfer Out (Partial) | $0.00 | $75.00 | |
Account Transfer Out (Full) | $0.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Merrill Edge | Webull | |
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Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | Yes | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | No | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 2952 | 0 | |
Mutual Funds (Total) | 3466 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | Merrill Edge | Webull | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | No | Yes | |
Order Type - OTO | No | Yes | |
Order Type - Broker Assisted | Yes | No |
Beginners | Merrill Edge | Webull | |
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Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | Yes | |
Interactive Learning - Quizzes | Yes | Yes |
Stock Trading Apps | Merrill Edge | Webull | |
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iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | Yes | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | No | Yes |
Stock App Features | Merrill Edge | Webull | |
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Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | No | No |
Stock App Charting | Merrill Edge | Webull | |
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Charting - After-Hours | No | Yes | |
Charting - Can Turn Horizontally | Yes | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 34 | 56 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | Yes |
Trading Platforms | Merrill Edge | Webull | |
---|---|---|---|
Active Trading Platform | Merrill Edge Market Pro | N/A | |
Desktop Trading Platform | No | Yes | |
Desktop Platform (Mac) | No | Yes | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 285 | 35 |
Stock Chart Features | Merrill Edge | Webull | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 105 | 52 | |
Charting - Drawing Tools | 23 | 19 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | Yes | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 2 | |
Charting - Custom Studies | No | Yes |
Day Trading | Merrill Edge | Webull | |
---|---|---|---|
Streaming Time & Sales | Yes | Yes | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | No | Yes | |
Trade Hotkeys | No | Yes | |
Level 2 Quotes - Stocks | Yes | Yes | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Merrill Edge | Webull | |
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Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | Yes | No | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | Yes | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | Merrill Edge | Webull | |
---|---|---|---|
Stock Research - PDF Reports | 3 | 0 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | Yes | |
Stock Research - Social | No | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | Yes | No | |
Stock Research - SEC Filings | Yes | Yes |
ETF Research | Merrill Edge | Webull | |
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ETFs - Strategy Overview | Yes | Yes | |
ETF Fund Facts - Inception Date | Yes | Yes | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Net Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | Yes | |
ETFs - Top 10 Holdings | Yes | Yes | |
ETFs - Sector Exposure | Yes | Yes | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | Yes | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | Merrill Edge | Webull | |
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Mutual Funds - Strategy Overview | Yes | No | |
Mutual Funds - Performance Chart | Yes | No | |
Mutual Funds - Performance Analysis | Yes | No | |
Mutual Funds - Prospectus | Yes | No | |
Mutual Funds - 3rd Party Ratings | Yes | No | |
Mutual Funds - Fees Breakdown | Yes | No | |
Mutual Funds - Top 10 Holdings | Yes | Yes | |
Mutual Funds - Asset Allocation | Yes | No | |
Mutual Funds - Sector Allocation | Yes | No | |
Mutual Funds - Country Allocation | Yes | No | |
Mutual Funds - StyleMap | Yes | No |
Options Trading | Merrill Edge | Webull | |
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Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 68 | 23 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | Yes | |
Option Probability Analysis Adv | No | Yes | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | No |
Banking | Merrill Edge | Webull | |
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Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | No | |
Mortgage Loans | Yes | No |
Customer Service | Merrill Edge | Webull | |
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Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | No | Yes | |
Live Chat (Prospect Customers) | Yes | No | |
Live Chat (Current Customers) | Yes | No | |
24/7 Support | Yes | No |
Overall | Merrill Edge | Webull | |
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Commissions & Fees | N/A | N/A | |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Merrill Edge Review | Webull Review |