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!
by Aline Augusto
Merrill Edge investing review
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.
|Promotion||Get up to $600 when opening a Self-Directed account|
|Investment choices||Stocks, ETFs, Options, Mutual funds, and Bonds|
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 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.
- 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
- High margin rates
- It doesn’t offer access to cryptocurrencies
- Limited investing and trading platform
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!
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