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E*TRADE vs Merrill Edge

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Merrill Edge? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

While Merrill Edge (a subsidiary of Bank of America) offers stock trades at $2.95 standard fee per trade and options trading at $0 + $0.65 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.

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

 

E*TRADE

Merrill Edge

SPECIAL OFFER
Get $200 Cash Credit - Learn More

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SPECIAL OFFER
Get $150 with New Merrill Edge Account - Learn More

Read Merrill Edge Review

 

Benefits and Features

Stock Trading
$0 per trade
$6.95 per trade
Options Trading$0 per trade + $0.65 per contract
$0 per trade + $0.50 per contract if you make 30+ trades a quarter
$6.95 + $0.75 per contract
Minimum Deposit$500 for brokerage accounts
No account minimum for retirement accounts
$0
Mutual Fund Trading$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee 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 ETFs250+ including ETFs from WisdomTree, Global X Funds, and db-X Deutsche Bank
None
Penny Stocks
 
Broker Assisted Trades
$25 + Regular Commission
$29.95
Customer Service
800-387-2331
24/7
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Through Bank of America
Mobile App
Yes
Desktop AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Yes
Forex Trading 
No
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures)
No
Locations
30
More than 2,100 Bank of America locations
Online CommunityETrade Community lets you exchange trading and investing ideas with other ETrade customers.
No
SeminarsLive events and educational seminars at local branches.
Yes
Virtual Trading 
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Mutual Fund Trading
Online Platform
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Pros:
  • 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
Bottom LineOnline broker with one of the best user interfaces... Read full reviewAffordable online broker with robust research options for small to mid-size investors... Read full review
What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    E*TRADE: Pricing information from published website as of 11/18/2019.

    Merrill Edge: Pricing information from published websites as of 11/11/2019.

    Which is Better: E*TRADE or Merrill Edge?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Ally Invest.

    In short: E*TRADE's ease of use is outstanding. Merrill Edge's stock trading, banking, and research are impressive.


    Articles on E*TRADE


    Articles on Merrill Edge


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