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Webull vs Merrill Edge

Webull is a good free trading app for more experienced investors. How does it compare to Merrill Edge? Read our comparison chart below.

Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required. Find out more

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 Webull with Merrill Edge, side-by-side.

 Webull
 Visit SiteLearn More
 

Webull

Merrill Edge

SPECIAL OFFER
Up to $100 Transfer Fee Reimbursement - Learn More

Read Webull 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
Yes (Webull Pay App)
 
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
Over 3,300 ETFs
Check
Phone Support
24/7
 
Live Chat Support
None
 
Email SupportYes (customerservices@webull.us) 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$15.7 Million
 
Penny Stocks
Yes
 
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$29.95
Good ForExperienced investors; Active traders 
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone AppYes (4.7 stars, 296.2k ratings) 
Android App
Yes (4.3 stars, 188K ratings)
 
Banking
No
Through Bank of America
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor Authentication
Mobile Only
 
Forex Trading
No
No
Futures Trading
No
No
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer Service
24/7 via phone and email
24/7
Locations
Online only
More than 2,100 Bank of America locations
Online Community
Yes
No
Seminars
Yes
Yes
Trading PlatformDesktop, Web Trading, Mobile Apps 
Virtual TradingYes. Free paper trading account with $1,000,000 in fake money
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

 Webull
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Bottom LineGood free trading app for more experienced investors... Read full review
 Visit SiteLearn More

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 10/17/2023.

Webull

Up to $100 Transfer Fee Reimbursement

Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.

Webull

$75 Account Transfer Bonus

  • Transfer a brokerage account over to Webull and get $75 deposited into the account. The incoming brokerage account must have at least $2,000 or more in assets to receive this bonus.
  • Transfer an IRA over to Webull and get $75 deposited into the account. The incoming IRA must have at least $5,00 or more in assets to receive this month.

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


Articles on Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, and options. But it's not perfect. Find out if Webull fits your investing needs.

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.

Which Do You Think is Best?





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