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 $0 commission and options trading at $0 + $0.65 per contract. There is no account minimum, no maintenance fee, and no inactivity fee.
Compare E*TRADE with Merrill Edge, side-by-side.
E*TRADE | Merrill Edge | |
---|---|---|
Learn more about E*TRADE - | Get $150 with New Merrill Edge Account - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | $0 per trade + $0.65 per contract $0 per trade + $0.50 per contract if you make 30+ trades a quarter | |
Minimum Deposit | $500 for brokerage accounts No account minimum for retirement accounts | |
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 ETFs | ![]() | |
Penny Stocks | ![]() | |
Broker Assisted Trades | ||
Customer Service | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | |
Mobile App | ![]() | |
Desktop App | E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
Forex Trading | ||
Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
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 | Online broker with one of the best user interfaces... | |
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 12/05//2020. 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 E*TRADE or Ally Invest.
Articles on E*TRADE
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