Robinhood vs Merrill Edge

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Merrill Edge? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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 Robinhood with Merrill Edge, side-by-side.

	Robinhood	Merrill Edge

	Visit Site	Learn More
	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER $100 Bonus Offer - Learn More
	Benefits and Features
Stock Trading	$0	$0 per trade
Options Trading	$0	$0 + $0.65 per contract
Annual Fee	None
Cryptocurrency Trading	$0
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$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	All U.S. listed ETFs
Phone Support	650-761-7789 (available 24/7)
Live Chat Support	Available 24/7 (requires sign in)
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$102 Billion
Penny Stocks	Yes
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	$29.95
Good For	Beginners; Active traders
Inactivity Fee	$0	None
Maintenance Fee	$0	$0
Online Platform	Yes
iPhone App	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.1 stars, 483k ratings)
Banking	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank	Through Bank of America
Mobile App	Yes	Yes
Desktop App	None	Yes
Two-Factor Authentication	Device approvals, Authenticator app, SMS
Forex Trading	No	No
Futures Trading	No	No
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com	24/7
Locations	No	More than 2,100 Bank of America locations
Online Community	No	No
Seminars	Yes	Yes
Trading Platform	Web Trading, Mobile Apps
Virtual Trading	No	No
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review
	Visit Site	Learn More
	Get a Free Stock (worth between $5 and $200) Buy and Sell Cryptocurrency Commission-Free Trades	$100 Bonus Offer $150 Bonus Offer $250 Bonus Offer
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 04/18/2020. Merrill Edge: Pricing information from published websites as of 10/17/2023.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Goldco.

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