CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†






Merrill Edge vs Fidelity

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

Merrill Edge (a subsidiary of Bank of America) offers stock trades at $6.95 per trade and options trading at $6.95 + $0.75 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 Fidelity offers stock trades at $4.95 per trade, 93 commission free ETFs, and more than 180 branch locations. There is no minimum deposit.

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

 

Merrill Edge

Fidelity

SPECIAL OFFER
$100 Bonus Offer - Learn More

Read Merrill Edge Review

SPECIAL OFFER
Get 500 Free Trades for 2 Years - Learn More

Read Fidelity Review

 

Benefits and Features

Stock Trading
$6.95 per trade
$4.95 per trade
Options Trading
$6.95 + $0.75 per contract
$4.95 per online trade, plus $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 transaction fee for Fidelity funds
$0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
$49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs
None
357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Broker Assisted Trades
$29.95
$32.95 per trade for representative-assisted trades.
Customer Service
24/7
(800) 343-3548
Inactivity Fee
None
$0
Maintenance Fee
$0
$0 account service fee
Banking
Through Bank of America
Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Yes
Desktop App
Yes
Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)
Forex Trading
No
 
Futures Trading
No
 
LocationsMore than 2,100 Bank of America locations
More than 180
Online Community
No
 
Seminars
Yes
 
Virtual Trading
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
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:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineAffordable online broker with robust research options for small to mid-size investors... Read full reviewComprehensive online broker with in-depth research... Read full review

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 07/19/2019.

Fidelity: Pricing information from published website as of 07/19/2019.

Which is Better: Merrill Edge or Fidelity?

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 mobile app are impressive. Fidelity's mutual fund trading is notable.


Articles on Merrill Edge


Articles on Fidelity


Which Do You Think is Best?


You Might Also Like

    Best Online Brokerage

    Trading stocks isn't just for the rich and famous. Thanks to the internet, gone are the days of high commissions. Online brokers offer similar services to your traditional in-person broker. But they come at a fraction of the cost.

    Best Discount Broker

    The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

Compare Merrill Edge to:


You might also be interested in

BusyKid

Gregg Murset knew he was doing something right when his son Spencer approached him for advice. The 14-year-old boy ran an idea by his dad: Spencer planned on selling the Disney stock he had bought with his own hard-earned allowance money.

Compare Fidelity to:


Next Page:

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.