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January 24, 2022

Merrill Edge Promotions

6 promo offers

$100

$100 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $20,000 to $49,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $100 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$150

$150 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $50,000 to $99,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $150 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$250

$250 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $100,000 to $199,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $250 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

$600

$600 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 600ME. Make a qualifying net deposit of $200,000 or more within 45 days of account opening. Maintain qualifying balance for at least 90 days to receive $600 bonus. Bonus will be deposited into your Merrill Edge IRA or CMA within 2 weeks following the end of the 90 day period.

Ally Invest

Get Up to $3,000

Expires 6/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Betterment

Get up to 1 Year Managed Free

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 6/30/2022

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

M1 Finance

M1 Invest - Up to $500 Bonus

Open a new M1 Invest account. Within two weeks of account opening, make an aggregate deposit totaling $1,000 or more, and maintain the total deposited amount in the account until August 1, 2022.

Deposit AmountCash Bonus
$1,000 – $4,999.99 $30
$5,000 – $9,999.99$75
$10,000 – $29,999.99$150
$30,000 – $49,999.99$300
$50,000 +$500

Expires 3/31/2022

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$150

Get $150 with New Merrill Edge Account

To get $150 bonus, use offer code 900ME when opening a new account. Deposit $20,000 - $49,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs).

Expired 4/15/2021
$225

Get $225 with New Merrill Edge Account

To get $225 bonus, use offer code 900ME when opening a new account. Deposit $50,000 to $99,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs).

Expired 4/15/2021
$375

Get $375 with New Merrill Edge Account

To get $375 bonus, use offer code 900ME when opening a new account. Deposit $100,000 to $199,999 within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs).

Expired 4/15/2021
$900

Get $900 with New Merrill Edge Account

To get $900 bonus, use offer code 900ME when opening a new account. Deposit $200,000 or more within 45 days of account opening. Maintain qualifying balance for at least 90 days. You must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive bonus. Offer is valid for new and existing individual Merrill Edge IRAs or Cash Management Accounts (CMAs).

Expired 4/15/2021

$1,000 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 2019LVEXPO. Make a qualifying net deposit of $200,000 or more within 45 days of account opening. Maintain qualifying balance for at least 180 days to receive $1,000 bonus. Receive your cash bonus within one week after the 180-day qualifying period. Offer is valid only for Trader Expo attendees.

Expired 1/9/2020

$500 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 2019LVEXPO. Make a qualifying net deposit of $100,000 to $199,999 within 45 days of account opening. Maintain qualifying balance for at least 180 days to receive $500 bonus. Receive your cash bonus within one week after the 180-day qualifying period. Offer is valid only for Trader Expo attendees.

Expired 1/9/2020

$250 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 2019LVEXPO. Make a qualifying net deposit of $50,000 to $99,999 within 45 days of account opening. Maintain qualifying balance for at least 180 days to receive $250 bonus. Receive your cash bonus within one week after the 180-day qualifying period. Offer is valid only for Trader Expo attendees.

Expired 1/9/2020

$100 Bonus Offer

Open a new, qualifying Merrill Edge account using offer code 2019LVEXPO. Make a qualifying net deposit of $20,000 to $49,999 within 45 days of account opening. Maintain qualifying balance for at least 180 days to receive $100 bonus. Receive your cash bonus within one week after the 180-day qualifying period. Offer is valid only for Trader Expo attendees.

Expired 1/9/2020

Pricing information from published websites as of 07/10/2020.

 

Merrill Edge

Fidelity

 

Benefits and Features

Stock Trading
$0 per trade
$0 per trade
Options Trading
$0 + $0.65 per contract
$0 per online trade, plus $0.65 per contract
Annual Fee 
None
Cryptocurrency Trading 
No
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
Check
357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support 
(800) 343-3548; available 24/7
Live Chat Support 
No
Email Support 
Yes
Human Advisors Optional coaching or investment management with human advisors (for added fees)
Robo Advisor Optional Fidelity Go robo-advisory service
Assets Under Management 
$4.9 Trillion
Tax Loss Harvesting 
No
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$29.95
$32.95 per trade for representative-assisted trades.
Customer Service
24/7
 
Good For More experienced DIY investors; Mutual fund investors
Inactivity Fee
None
$0
Maintenance Fee
$0
$0 account service fee
Online Platform Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
iPhone App 
Yes (4.8 stars, 1.7m ratings)
Android App 
Yes (4.5 stars, 97k ratings)
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
Check
Desktop App
Yes
 
Two-Factor Authentication 
Yes
Forex Trading
No
 
Futures Trading
No
 
LocationsMore than 2,100 Bank of America locations
More than 180
Online Community
No
Yes, it has a investor forum
Seminars
Yes
Yes, frequent webinars and courses for beginners
Virtual Trading
No
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
Yes
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes

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 07/10/2020.

Fidelity: Pricing information from published website as of 12/05/2020.


 

Merrill Edge Guided Investing

Annual Fee
0.45%
Minimum Deposit
$5,000
Phone Support
24/7
Live Chat Support
24/7
Email Support
Yes
Human Advisors
Yes
Tax Loss Harvesting
No
Goal Tracker
Yes
Automatic Deposits
Yes
Online Platform
Yes
iPhone App
No
Android App
No
Fractional Shares
No
Taxable Accounts
Yes
401k Plans
Yes
IRA Accounts
Yes
Roth IRA Accounts
Yes
SEP IRA Accounts
Yes
Trust Accounts
No
529 Plans
No

Merrill Edge Guided Investing: Pricing information from published website as of 06/14/2018


Unlimited $0 Online Stock, ETF, and Online Trades with Preferred Rewards

Clients enrolled in the Preferred Rewards get unlimited $0 online stock, ETF, and online trades per month. To enroll in Preferred Rewards, client must have an eligible Bank of America checking account and a three-month average combined balance of $20,000 or more in qualifying Merrill Edge and Merrill Lynch investments accounts and/or Bank of America deposit accounts.

$15 Off on TurboTax

Merill Edge clients get up to $15 off on TurboTax software. Turbotax is a tax preparation software that helps file taxes online.


Merrill Edge Alternatives

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Betterment

Get 1 Month Managed Free

Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

M1 Finance

Transfer Your Account and Earn Up to $5,000

Initiate your transfer of another brokerage account during the promotion period to receive a bonus.

TransferBonus
$50,000 – $499,999.99$500
$500,000 – $999,999.99$1,000
$1,000,000 – $1,999,999.99$2,500
$2,000,000 – $4,999,999.99 $4,000
$5,000,000 + $5,000

Payments for eligible transfers will be paid on August 18, 2022. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

Expires 2/18/2022

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$0 Commissions on Online Stock, ETF, and Options Trades
Ally Invest

Ally Invest Promotion

Get Up to $3,000

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About CreditDonkey
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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 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.

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