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Written by StockBrokers.com

January 31, 2024

Use the StockBrokers.com online brokerage comparison tool to compare over 150 different account features and fees across Ally Invest, Charles Schwab, Citi Self Invest, J.P. Morgan Self-Directed, eToro, E*TRADE, Fidelity, Firstrade, Interactive Brokers, Merrill Edge, Public.com, Robinhood, SoFi Invest, tastytrade, TD Ameritrade, TradeStation, Tradier, Vanguard, and Webull. Compare trading commissions, account fees, trading platforms and tools, stock research functionality, mobile stock apps, beginner investor education, and current special offers.

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  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCiti Self Invest
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxPublic.com
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSoFi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

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Overall Rating Merrill Edge Firstrade Robinhood
Overall 4.5/5 Stars 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars 2.5/5 Stars
Customer Service 4.0/5 Stars 3.0/5 Stars N/A
Education 5/5 Stars 3.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars 5/5 Stars
Winner check_circle
Review Merrill Edge Review Firstrade Review Robinhood Review
Broker Screenshots Merrill Edge Firstrade Robinhood
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 Firstrade Robinhood
Minimum Deposit $0.00 $0.00 $0.00
Stock Trades $0.00 $0.00 $0.00
Penny Stock Fees (OTC) info N/A $0.00 N/A
Mutual Fund Trade Fee $19.95 $0 N/A
Options (Per Contract) $0.65 $0.00 $0.00
Futures (Per Contract) (Not offered) (Not offered) (Not offered)
Broker Assisted Trade Fee $29.95 $19.95 N/A
Margin Rates Merrill Edge Firstrade Robinhood
Margin Rate Under $25,000 Varies info 13.75% 12% info
Margin Rate $25,000 to $49,999.99 Varies info 13.5% 12% info
Margin Rate $50,000 to $99,999.99 Varies info 13% 12% info
Margin Rate $100,000 to $249,999.99 Varies info 12.5% 12% info
Margin Rate $250,000 to $499,999.99 Varies info 12.25% 12% info
Margin Rate $500,000 to $999,999.99 Varies info 10.35% 12% info
Margin Rate Above $1,000,000 Varies info 9.75% 12% info
Account Fees Merrill Edge Firstrade Robinhood
IRA Annual Fee $0.00 $0.00 $0.00
IRA Closure Fee $49.95 $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $55.00 $100.00
Account Transfer Out (Full) info $49.95 $75.00 $100.00
Options Exercise Fee $0.00 $0.00 $0.00
Options Assignment Fee $0.00 $0.00 $0.00
Investment Options Merrill Edge Firstrade Robinhood
Stock Trading info Yes Yes Yes
Margin Trading Yes Yes Yes
Fractional Shares info No Yes Yes
OTC Stocks info Yes Yes Yes
Options Trading info Yes Yes Yes
Complex Options Max Legs info 4 4 4
Futures Trading info No No No
Forex Trading info No No No
Crypto Trading info No No Yes
Crypto Trading - Total Coins info 0 0 15
Mutual Funds (No Load) info 2952 15460 0
Mutual Funds (Total) info 3466 19666 0
Bonds (US Treasury) info Yes Yes No
Bonds (Corporate) info Yes Yes No
Bonds (Municipal) info Yes Yes No
Traditional IRAs info Yes Yes Yes
Roth IRAs info Yes Yes Yes
Advisor Services info Yes No No
International Countries (Stocks) info 0 0 0
Order Types Merrill Edge Firstrade Robinhood
Order Type - Market info Yes Yes Yes
Order Type - Limit info Yes Yes Yes
Order Type - After Hours info Yes Yes Yes
Order Type - Stop info Yes Yes Yes
Order Type - Trailing Stop info Yes Yes Yes
Order Type - OCO info No Yes No
Order Type - OTO info No Yes No
Order Type - Broker Assisted info Yes Yes No
Beginners Merrill Edge Firstrade Robinhood
Education (Stocks) info Yes Yes Yes
Education (ETFs) info Yes No No
Education (Options) info Yes Yes Yes
Education (Mutual Funds) info Yes No No
Education (Bonds) info Yes No No
Education (Retirement) info Yes Yes No
Retirement Calculator info Yes Yes No
Investor Dictionary info Yes Yes Yes
Paper Trading info No No No
Videos info Yes Yes No
Webinars info Yes Yes No
Webinars (Archived) info Yes Yes No
Progress Tracking info No No No
Interactive Learning - Quizzes info Yes No No
Stock Trading Apps Merrill Edge Firstrade Robinhood
iPhone App info Yes Yes Yes
Android App info Yes Yes Yes
Apple Watch App info Yes No Yes
Trading - Stocks info Yes Yes Yes
Trading - After-Hours info Yes Yes Yes
Trading - Simple Options info Yes Yes Yes
Trading - Complex Options info Yes Yes Yes
Order Ticket RT Quotes info Yes Yes Yes
Order Ticket SRT Quotes info No Yes Yes
Stock App Features Merrill Edge Firstrade Robinhood
Market Movers (Top Gainers) info Yes Yes Yes
Stream Live TV info No No No
Videos on Demand info No No No
Stock Alerts info Yes Yes Yes
Option Chains Viewable info Yes Yes Yes
Watch List (Real-time) info Yes Yes Yes
Watch List (Streaming) info Yes Yes Yes
Watch Lists - Create & Manage info Yes Yes Yes
Watch Lists - Column Customization info No Yes Yes
Watch Lists - Total Fields info 285 50 3
Stock App Charting Merrill Edge Firstrade Robinhood
Charting - After-Hours info No No Yes
Charting - Can Turn Horizontally info Yes Yes No
Charting - Multiple Time Frames info Yes Yes Yes
Charting - Technical Studies info 34 81 6
Charting - Study Customizations info Yes Yes Yes
Charting - Stock Comparisons info Yes No No
Trading Platforms Merrill Edge Firstrade Robinhood
Active Trading Platform info Merrill Edge Market Pro Firstrade Navigator
Desktop Trading Platform info No No No
Desktop Platform (Mac) info No No No
Web Trading Platform info Yes Yes Yes
Paper Trading info No No No
Trade Journal info No No No
Watch Lists - Total Fields info 285 50 3
Stock Chart Features Merrill Edge Firstrade Robinhood
Charting - Adjust Trades on Chart info Yes No No
Charting - Indicators / Studies info 104 102 6
Charting - Drawing Tools info 23 8 0
Charting - Notes info Yes No No
Charting - Index Overlays info Yes Yes No
Charting - Historical Trades info Yes No No
Charting - Corporate Events info Yes Yes No
Charting - Custom Date Range info Yes No No
Charting - Custom Time Bars info Yes No No
Charting - Automated Analysis info Yes No No
Charting - Save Profiles info Yes No No
Trade Ideas - Technical Analysis info Yes Yes No
Charting - Study Customizations info 8 6 1
Charting - Custom Studies info No No No
Day Trading Merrill Edge Firstrade Robinhood
Streaming Time & Sales info Yes No No
Streaming TV info No No No
Direct Market Routing - Stocks info No No No
Ladder Trading info No No No
Trade Hot Keys info No No No
Level 2 Quotes - Stocks info Yes No No info
Trade Ideas - Backtesting info Yes No No
Trade Ideas - Backtesting Adv info No No No
Short Locator info No No No
Order Liquidity Rebates info No No No
Research Overview Merrill Edge Firstrade Robinhood
Research - Stocks info Yes Yes Yes
Research - ETFs info Yes Yes Yes
Research - Mutual Funds info Yes Yes No
Research - Pink Sheets / OTCBB info Yes Yes Yes
Research - Bonds info Yes Yes No
Screener - Stocks info Yes Yes No
Screener - ETFs info Yes Yes No
Screener - Mutual Funds info Yes Yes No
Screener - Bonds info Yes Yes No
Misc - Portfolio Allocation info Yes Yes No
Stock Research Merrill Edge Firstrade Robinhood
Stock Research - PDF Reports info 3 1 0 info
Stock Research - Earnings info Yes Yes Yes
Stock Research - Insiders info Yes Yes No
Stock Research - Social info No No No
Stock Research - News info Yes Yes Yes
Stock Research - ESG info Yes No No
Stock Research - SEC Filings info Yes Yes No
ETF Research Merrill Edge Firstrade Robinhood
ETFs - Strategy Overview info Yes Yes Yes
ETF Fund Facts - Inception Date info Yes Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes Yes
ETF Fund Facts - Net Assets info Yes Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes Yes
ETFs - Top 10 Holdings info Yes Yes Yes
ETFs - Sector Exposure info Yes Yes Yes
ETFs - Risk Analysis info Yes Yes No
ETFs - Ratings info Yes Yes No
ETFs - Morningstar StyleMap info Yes Yes No
ETFs - PDF Reports info Yes Yes No
Mutual Fund Research Merrill Edge Firstrade Robinhood
Mutual Funds - Strategy Overview info Yes Yes No
Mutual Funds - Performance Chart info Yes Yes No
Mutual Funds - Performance Analysis info Yes Yes No
Mutual Funds - Prospectus info Yes Yes No
Mutual Funds - 3rd Party Ratings info Yes Yes No
Mutual Funds - Fees Breakdown info Yes Yes No
Mutual Funds - Top 10 Holdings info Yes Yes No
Mutual Funds - Asset Allocation info Yes Yes No
Mutual Funds - Sector Allocation info Yes Yes No
Mutual Funds - Country Allocation info Yes Yes No
Mutual Funds - StyleMap info Yes Yes No
Options Trading Merrill Edge Firstrade Robinhood
Option Chains - Basic View info Yes Yes Yes
Option Chains - Strategy View info Yes Yes No
Option Chains - Streaming info Yes No Yes
Option Chains - Total Columns info 68 8 17
Option Chains - Greeks info 5 5 5
Option Chains - Quick Analysis info Yes No Yes
Option Analysis - P&L Charts info Yes Yes Yes
Option Probability Analysis info Yes No No
Option Probability Analysis Adv info No Yes No
Option Positions - Greeks info Yes No Yes
Option Positions - Greeks Streaming info Yes No Yes
Option Positions - Adv Analysis info Yes No No
Option Positions - Rolling info Yes Yes Yes
Option Positions - Grouping info Yes No Yes
Banking Merrill Edge Firstrade Robinhood
Bank (Member FDIC) info Yes No No
Checking Accounts info Yes Yes No
Savings Accounts info Yes No No
Credit Cards info Yes No No
Debit Cards info Yes Yes Yes
Mortgage Loans info Yes No No
Customer Service Merrill Edge Firstrade Robinhood
Phone Support (Prospect Customers) info No Yes No
Phone Support (Current Customers) info Yes Yes Yes
Email Support info No Yes Yes
Live Chat (Prospect Customers) info Yes Yes No
Live Chat (Current Customers) info Yes Yes Yes
24/7 Support info Yes No Yes
Overall Merrill Edge Firstrade Robinhood
Overall 4.5/5 Stars 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars 2.5/5 Stars
Education 5/5 Stars 3.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars 5/5 Stars
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Review Merrill Edge Review Firstrade Review Robinhood Review
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