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Merrill Edge vs TD Ameritrade

Merrill Edge is an affordable online broker with robust research options for small to mid-size investors. How does it compare to TD Ameritrade? Read our comparison chart below.

Merrill Edge (a subsidiary of Bank of America) offers stock trades at $2.95 standard fee per trade and options trading at $0 + $0.65 per contract. BofA customers can get 30 free trades a month if balance requirements are met. There is no account minimum, no maintenance fee, and no inactivity fee.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Merrill Edge with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 TD Ameritrade
 Learn MoreVisit Site
 

Merrill Edge

TD Ameritrade

SPECIAL OFFER
Get $150 with New Merrill Edge Account - Learn More

Read Merrill Edge Review

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$6.95 per trade
$0 commission for online stock, ETF, and option trades
Options Trading
$6.95 + $0.75 per contract
$0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
Commission Free ETFs
None
550+ Commission-Free ETFs
Penny Stocks 
Broker Assisted Trades
$29.95
$44.99
Customer Service
24/7
(800) 669-3900 (Open 24/7)
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Through Bank of America
Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Yes
Desktop App
Yes
Thinkorswim
Forex Trading
No
Futures Trading
No
$2.25 per contract (plus exchange & regulatory fees)
LocationsMore than 2,100 Bank of America locationsMore than 100 locations in 34 states
Online Community
No
 
Seminars
Yes
Online webcast
Virtual Trading
No
Paper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

 TD Ameritrade
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
Pros & ConsPros:
  • No account minimums
  • Current Bank of America customers experience seamless account integration
  • Robust research opportunities
Cons:
  • Platform is not friendly for frequent traders who execute quick trades
  • No commission-free ETFs available
  • Market research reports can be hard for beginners to understand
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineAffordable online broker with robust research options for small to mid-size investors... Read full reviewGood online broker for long-term investors... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Merrill Edge: Pricing information from published websites as of 11/11/2019.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

Which is Better: Merrill Edge or TD Ameritrade?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Merrill Edge or Ally Invest.

In short: Merrill Edge's stock trading and banking are impressive. TD Ameritrade's ease of use is impressive.


Articles on Merrill Edge


Articles on TD Ameritrade


Which Do You Think is Best?


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