Merrill Edge vs Webull Comparison
Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Merrill Edge vs Webull.
Is Merrill Edge or Webull better for beginners?
Merrill Edge offers more comprehensive new investor education for beginner investors than Webull. Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Webull offers investors access to Paper Trading.
What about Merrill Edge vs Webull pricing?
Merrill Edge and Webull charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Merrill Edge, costing $0.65 per contract versus $0.00 per contract at Webull. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Merrill Edge or Webull offer a wider range of investment options?
Merrill Edge offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Webull offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Webull trails Merrill Edge in its offering of no transaction fee (NTF) mutual funds, with Merrill Edge offering 3095 and Webull offering 0.
Which trading platform is better: Merrill Edge or Webull?
To compare the trading platforms of Merrill Edge and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Merrill Edge offers a better experience. With research, Merrill Edge offers superior market research. Finally, we found Webull to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Merrill Edge while Webull offers neither of these.
Is Merrill Edge good?
Merrill Edge offers $0 trades with industry-leading research tools — especially for ESG research — and excellent customer service. Better yet, the Preferred Rewards program at Bank of America, Merrill Edge’s parent, offers the best rewards of any bank broker we tested in 2022.
Is Webull good?
Webull offers a unique community experience and easy-to-use trading platforms that will satisfy most young investors. However, for everyday investing, Webull lacks the trading tools and features to compete with industry leaders — who, like Webull, also offer $0 stock and ETF trades.
Merrill Edge vs Webull Winner
Overall winner: Merrill Edge
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