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 Wealthfront

Merrill Edge is an affordable online broker with robust research options for small to mid-size investors. How does it compare to Wealthfront? 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 Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.

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

 Wealthfront
 Learn MoreVisit Site
 

Merrill Edge

Wealthfront

SPECIAL OFFER
$100 Bonus Offer - Learn More

Read Merrill Edge Review

SPECIAL OFFER
First $5,000 Managed Free - Learn More

Read Wealthfront Review

 

Benefits and Features

Stock Trading
$6.95 per trade
 
Options Trading
$6.95 + $0.75 per contract
 
Annual Fee 
0.25%
Minimum Deposit
$0
$500
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 
Commission Free ETFs
None
 
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
Assets Under Management 
$10+ Billion
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$29.95
 
Customer Service
24/7
 
Inactivity Fee
None
 
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Banking
Through Bank of America
 
Mobile App
Yes
 
Desktop App
Yes
 
Forex Trading
No
 
Futures Trading
No
 
LocationsMore than 2,100 Bank of America locations 
Online Community
No
 
Seminars
Yes
 
Virtual Trading
No
 
Single Stock Diversification 
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes
 

CreditDonkey® Reviews

 Wealthfront
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Annual Fee
Minimum Deposit
Customer Service
Investment Types
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:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineAffordable online broker with robust research options for small to mid-size investors... Read full reviewGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... 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 07/11/2019.

Wealthfront: Pricing information from published website as of 04/04/2018

Which is Better: Merrill Edge or Wealthfront?

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.


Articles on Merrill Edge


Articles on Wealthfront


Which Do You Think is Best?


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 Wealthfront 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.