Merrill Edge

Share your experiences with Merrill Edge

Tell us what you like and dislike about Merrill Edge. Help others make more informed decisions based on your insights.
R

Richard L ๐Ÿ‘

Pros

If you stick with stocks and mutual funds, the 200 free trades per month is awesome. I only do a few trades a week, so the 200/mo is more than enough for me. Now that I have learned the system, order entry and trade execution is easy and fast. Note: Since 2018, they have restricted the ability to trade stocks under $5/share. Since I am not into penny stocks, that is not a problem for me. They also do not let you trade exchange-traded funds that are not on their approved list.

Cons

Technical analysis is not their strong suit. I use fundamental analysis to pick which stocks I like, and I like to supplement with some technical indicators to determine if I should buy/sell now, or wait. Up to date news is also lacking. I usually have to go somewhere else to find out why a stock is moving that day. I would also like the ability to set up portfolios within an account - don't know if any other firms have that ability.
A

Amanda R ๐Ÿ‘

Pros

The support team is great at walking you through any questions you have.

Cons

The minimum requirements when first starting with them. And the percentage they first take.
D

Dayton Y ๐Ÿ‘

Pros

Easy to use. Lots of information on how to buy. Easy to buy and sell.

Cons

More details on what my purchase price was. All other accounts also linked in, which are not investment accounts.
S

Sara E ๐Ÿ‘

Pros

I like the layout of the site in that it's organized by types of trades.

Cons

It would be great if Merrill Edge would consider lowering their trade fees.
W

William P ๐Ÿ‘

Pros

Always available to answer your questions via email or phone.

Cons

Their fees vary a lot depending on investments and are higher than others.
M

Mark M ๐Ÿ‘

Pros

Access to a great wealth of investments, whether it's international stocks, REITs, or bonds.

Cons

The high minimum in order to use any of their services such as robo-advisors.
K

Keoki L ๐Ÿ‘

Pros

Availability of dedicated FAs and is linked to Merrill Lynch Private Wealth Management.

Cons

They could benefit from specialists to supplement the generalist FAs. Commissions are relatively high.
A

Ady G ๐Ÿ‘

Pros

I like the website and how easy it is to transfer funds to and from my account.

Cons

It would be great if they could lower the trade fee for stocks.

Important Info:

Trading fees
$6.95
Minimum Deposit
$0
International Investing
Yes

Merrill Edge

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Merrill Edge offers access to the banking convenience of Bank of America and investment capabilities of Merrill Lynch to help simplify the financial lives of clients. You can select from a full range of investment choices including stocks, bonds, ETFs, options and thousands of well-known mutual funds.

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