Investing

Merrill Edge investing full review

Merrill offers banking and brokerage accounts so you can manage all your financial activity through the same platform. Check out the Merrill Edge investing review!

Advertisement

by Aline Augusto

Published on 01/31/2022

Merrill Edge investing review

Merrill Edge investing review. Source: Merrill Edge.
Merrill Edge investing review. Source: Merrill Edge.

Merrill is a Bank of America company that offers banking and investing accounts. It provides you with convenience and agility, and you’ll learn all about it in this Merrill Edge investing review!

Also, it offers different types of accounts with different ways to manage them. In the chart below, you can see the Self-Directed Investment account information. But, even though it is you that manages it, you can get support when needed. 

The guided accounts have some fees and account minimum since you would be advised professionally.

Keep reading to learn all about the Merrill Edge Self‑Directed.

Trading fees$0
Account minimum$0
PromotionGet up to $600 when opening a Self-Directed account
Investment choicesStocks, ETFs, Options, Mutual funds, and Bonds

How to join the Merrill Edge investing?

Get investments choices with no commission fees and no account minimum at Merrill Edge Investing. Learn how to join it!

Advertisement

How does Merrill Edge investing work?

According to clients and partners, Merrill offers top global research, great customer service, and an outstanding user experience.

That’s pretty good for an investment account, as you need support if a new investor or confidence if an expert one.

Also, the Self-Directed account provides you with award-winning research and investing information.

Plus, there is a full range of investment choices commission-free for online stocks, ETFs, and options trades. But, note that other fees may apply for other trades.

In addition, the mobile app makes it easy to manage and invest right in the palm of your hand.

Merrill Edge investing benefits

Merrill Edge offers all you need to invest with no fees per trade. Source: Canva.
Merrill Edge offers all you need to invest with no fees per trade. Source: Canva.

Merrill features different types of investing accounts with different types of ways to manage them. The Self-Directed one is a way you can apply if you are a newbie or an expert.

Although it is managed by yourself only, you can get support when needed.

Also, it doesn’t charge commission fees for some trades, and there is no account minimum required to sign up.

Plus, Merrill is a Bank of America company, so it gives you the confidence and convenience you need day-to-day.

However, you may find lower margin rates on other online brokers in the market. And, some say that you may find better platforms in the market, too.

Advertisement

Pros

  • Commission-free for stocks, ETFs and options trades
  • No account minimum required
  • A Bank of America company, so you can get a banking and investing account in the same place
  • A great and robust research tool
  • Good customer service and support
  • Mobile App

Cons

  • High margin rates
  • It doesn’t offer access to cryptocurrencies
  • Limited investing and trading platform

Advertisement

Should you join Merrill Edge investing?

If you look for an investment account commission-free for some trades, good customer service and guidance, and great research, Merrill Edge might be the one for you.

Can anyone open a Merrill Edge account?

Anyone who wants to be in control of their investments but wants guidance when needed. You have to provide your Social Security number, personal, financial, and employment information.

How to open a Merrill Edge account?

The Self-Directed account is one type of Merrill investments account you can open, depending on your risk tolerance and goals. Learn how to join it!

How to join the Merrill Edge investing?

Get investments choices with no commission fees and no account minimum at Merrill Edge Investing. Learn how to join it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

Trending Topics

content

How to apply for AutoLoanZoom?

AutoLoanZoom can help you find a loan partnership even if you have a bad credit score. It has a large number of lender options. Check it out!

Keep Reading
content

How to apply for the Capital One Savor Rewards Credit Card?

The Capital One Savor Rewards Credit Card is a good choice if you travel and shop a lot. See how to apply for it and enjoy all its benefits!

Keep Reading
content

The Centurion® Card from American Express application: how do you get this card?

The Centurion® Card from American Express is a very hard to get pass to the elite world. See how to obtain this ultra-exclusive card.

Keep Reading

You may also like

content

Ally Invest review: Low transaction fees and no minimum account requirements.

Trying to decide whether Ally Invest is for you? We are going to help you with that. Read our Ally Invest review to see if this account is what you've been looking for.

Keep Reading
content

A small glossary of investment terms: a guide for starters!

Do you know what a bond is? And what about stocks or IPO? These are investment terms, and we'll talk more about them in this content.

Keep Reading
content

Elon Musk is about to cut 10% of Tesla’s workforce

Last week, two emails by Elon Musk have come to light. The first ordered employees to return to the office for at least 40 hours a week. The second ordered Tesla executives to pause all hirings. Learn more below.

Keep Reading