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Ally Invest vs Merrill Edge


 

Ally Invest

Merrill Edge

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

SPECIAL OFFER
$100 Bonus Offer - Learn More

 

Benefits and Features

Stock Trading
$0 per trade
$0 per trade
Options Trading
$0 base + $0.50 per contract
$0 + $0.65 per contract
Annual Fee
$0
 
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
$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
500+
Check
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. 
Broker Assisted Trades
$20 + Regular Commission
$29.95
Inactivity Fee
$0
None
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Through Bank of America
Mobile App
Check
Yes
Desktop App 
Yes
Forex Trading
Check
No
Futures Trading 
No
Customer Service
(855) 880-2559
24/7
Locations More than 2,100 Bank of America locations
Online Community 
No
Seminars 
Yes
Trading Platform
Web Trading, Mobile Apps
 
Virtual Trading 
No

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 01/08/2025.

Merrill Edge: Pricing information from published websites as of 08/01/2024.


Articles on Ally Invest

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

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