Merrill Edge
Merrill Edge is the brokerage arm of Bank of America, founded in 2010 to provide investment services to Bank of America customers. The broker offers $0 commission trading on US stocks, ETFs, and options, with no account minimums. Merrill Edge is particularly noted for its integration with Bank of America accounts, allowing seamless transfers between banking and investment accounts. The platform provides access to extensive research from Merrill Lynch analysts, including stock ratings and recommendations. Merrill Edge also offers the Preferred Rewards program which provides benefits based on combined Bank of America and Merrill Edge balances.
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Catalog tags
Risk Warning
Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.
Key Features
Listed highlights
- Bank of America integration
- Excellent research from Merrill Lynch
- Preferred Rewards benefits
- $0 commissions
- Strong customer service
Listed considerations
- • Limited to Bank of America customers
- • No crypto trading
- • Platform less modern than competitors
- • Limited international access
Quick Comparison
| Feature | Merrill Edge | E*TRADE | Interactive Brokers | Ally Invest | Acorns |
|---|---|---|---|---|---|
| Rating | Not available | Not available | Not available | Not available | Not available |
| Pricing | Product-specific; eligible online $0 commissions | Product-specific | $0/trade for eligible Lite products | Product-specific | Subscription-plan dependent |
| Founded | 2010 | 1982 | 1978 | 2017 | 2012 |
Frequently Asked Questions
What is Merrill Edge's Preferred Rewards?
Do I need a Bank of America account for Merrill Edge?
What research does Merrill Edge provide?
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Licence number and legal-entity verification: not recorded. Check the regulator directly.