Ally Invest vs Merrill Edge
Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Merrill Edge? Read our comparison chart below.
Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.
While Merrill Edge (a subsidiary of Bank of America) offers stock trades at $0 commission and options trading at $0 + $0.65 per contract. There is no account minimum, no maintenance fee, and no inactivity fee.
Compare Ally Invest with Merrill Edge, side-by-side.
Ally Invest | Merrill Edge | |
---|---|---|
Commission-Free Stock Trades - | $100 Bonus Offer - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Minimum Deposit | ||
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 | ![]() | |
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Broker Assisted Trades | ||
Customer Service | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
Mobile App | ![]() | |
Desktop App | ||
Forex Trading | ![]() | |
Futures Trading | ||
Locations | More than 2,100 Bank of America locations | |
Online Community | ||
Seminars | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good low-price discount stock broker for savvy investors... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Ally Invest: Pricing information from published website as of 04/01/2021. Merrill Edge: Pricing information from published websites as of 07/10/2020. |
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Ally Invest or eToro.
Articles on Ally Invest
Ally Invest Review
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