Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      July 23, 2019

Home  >  Online Stock Brokers  >  Merrill Edge vs Trade Station

Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
7 Ways to Lose Money in the Stock Market Newsletter

Latest Reviews

Cruise Vacations

Dental insurance

Keto Diets

Learn to Read Programs

Menopause Relief

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Wedding Planning Guides

 

Individual Reviews

TD Ameritrade

Firstrade

Fidelity

Charles Schwab

E Trade

Merrill Edge

Trade Station

Speedtrader

Robinhood

Sogo Trade

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Merrill Edge vs Trade Station

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth comparison of Merrill Edge and Trade Station.

To see ALL of our reviews for the Best Online Stock Brokers, please Click Here

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews

2019

Online Stock Broker Reviews

3.5 stars
Merrill Edge

MERRILL EDGE Visit Site

Cost:

$6.95/trade on stocks and ETFs

Up to 100 free trades per month with Preferred Rewards

Minimum Deposit:

None

Merrill Edge is the investment division of well-known Bank of America. Because of this relationship, they're an ideal choice if you're already banking with BoA: you can get increased rewards, the simplicity of transferring funds between accounts with a single login, and manage both your investments and your banking through the mobile app.

This online stock brokerage has received many awards, including J.D. Power's "Outstanding Customer Service Experience" recognition for 7 consecutive years and Kiplinger's #1 spot among online brokers in 2017.

In general, expect to pay $6.95 per stock trade when using the Merrill Edge self-directed investment platform, along with fees of $0.01 to $0.03 per $1000 of principal when you sell.

You can also get up to 100 free stock trades per month through the Bank of America Preferred Rewards program. At the time of our review, the eligibility requirement was a minimum average combined balance of $50,000 in BoA qualifying accounts (e.g. investment/deposit) to get 30 $0 trades per month, and $100,000 to get up to 100 $0 trades each month. Compared with other online stock brokers that offer free trades with no such requirements, Merrill Edge will definitely tie up a lot of your money in order to qualify for their "rewards".

If you prefer professional portfolio management, either through an online investment advisory program or by working directly with a Merrill Edge Financial Solutions advisor, you can access those services for an additional fee of 0.45% and 0.85%, respectively; minimum investment amounts of $5000 and $20,000 apply.

Merrill Edge's online platform has a number of useful tools that are visually appealing and easy to understand. For example, you can see how your portfolio ranks in terms of a company's environmental, social, and governance (ESG) practices. You can also take advantage of analyst reports on specific holdings, along with recommendations as to buy/sell/hold on individual stocks in your portfolio.

The only negative we found when evaluating Merrill Edge as an online stock broker was with respect to customer service. Some clients complained that the service they received was not as good as they had expected, especially given the brokerage's reputation as an award-winning company. Also, we found some comments describing slower-than-average updates when trades are made.

Overall, Merrill Edge is a trustworthy online stock broker - but unless you're a Bank of America customer for other products, you may find more appealing options with one of the higher-ranked services in our review.

Visit Site

3.5 stars
Trade Station

TRADE STATION Visit Site

Cost:

$5 per stock trade

Minimum Deposit:

$500

TradeStation is headquartered in Florida and has been in business since 1982, which makes it one of the online stock brokers with the longest history. The service focuses on active trading, with apps and other tools designed for traders - by traders.

One of the most noteworthy aspects of TradeStation is the level of trading technology made available. Often only found in the offices and on the computers of stock brokers and professional investors, the platform offers real-time search and tracking, which can be tailored to the needs of the individual investor - to get the jump on hot opportunities before the rest of the market takes notice.

Another handy tool is the TradeStation Simulator. We appreciate online stock brokers that give clients the ability to try out their investing strategies beforehand, with no risk. Especially for people who are new to real-time stock trading, this tool makes it possible to lose everything - without actually risking a penny.

Individual stock trades are priced at $5, with additional options for those who trade in bulk.

It's obvious who TradeStation is geared towards when you look at the awards they've gotten from Barron's: #2 in their Best for Frequent Traders and Best for International Traders lists, and #5 in Best for Options Traders. If none of those three categories applies to you - in other words, you're just an average investor who wants to invest in stocks every so often - you'll probably find a more comfortable experience with one of the other online stock brokers in our review, particularly those that don't focus solely on active trading.

Visit Site

Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

AnalytixInsight's Marketwall to Become European Online Financial Broker

a FinTech company specialized in stock-trading solutions, has made application to become an online financial broker in Italy, with plans to expand to other European countries. Marketwall's board of ...

Published:  Mon, 15 Jul 2019 05:00:00 GMT



Weakness in Netflix Stock Looks Like a Good Buying Opportunity

There's been a vigorous debate among analysts and pundits about whether and to what extent rivals' new internet video offerings will hurt NFLX stock ... now available online, causing a ...

Published:  Mon, 22 Jul 2019 03:32:00 GMT



Erin Arvedlund: Speaking of dividends, here are some income ideas for your stock portfolio

Also, you can set up your own dividend stock screen on most any online brokerage account. In times of turmoil, it's nice to have some stable income. Vanguard lawsuit settled Malvern-based Vanguard ...

Published:  Mon, 22 Jul 2019 05:30:00 GMT



China Launches STAR, Tech Stock Market to Boost Industry

BEIJING - Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have ...

Published:  Sat, 20 Jul 2019 17:48:00 GMT



Medallia stock up 76% following first day trading on the NYSE

Customer experience management platform Medallia (NYSE: MDLA) rose more than 70% in its New York Stock Exchange debut ... data on customers collected from online review sites and social media. ...

Published:  Fri, 19 Jul 2019 13:12:00 GMT



After Hours: Apple and Intel Reportedly Close to Deal for 5G Modem Unit, Starbucks Gains Stake in Restaurant Tech Company

The online broker age delivered its latest set of quarterly estimates ... On average, the prognosticators tracking the stock had anticipated revenue of $1.47 billion and per-share adjusted net profit ...

Published:  Mon, 22 Jul 2019 06:40:00 GMT



Match Group (MTCH) Outpaces Stock Market Gains: What You Should Know

The stock outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.71%. Prior to today's trading, shares of the online dating company had ...

Published:  Mon, 22 Jul 2019 17:06:00 GMT



Stitch Fix Stock Pops as Another Analyst Screams "Buy"

after Stifel upgraded the online personal styling name to "buy" from "hold," saying recent weakness in the retail stock creates an "attractive entry point." The brokerage firm also sees growth ...

Published:  Mon, 22 Jul 2019 06:46:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure