Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      August 21, 2019

Home  >  Online Stock Brokers  >  Merrill Edge Review

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

Cellulite

Cruise Vacations

Colon Cleansers

Irritable Bowel Syndrome

Keto Diets

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

 

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 Review

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth Merrill Edge Review.

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

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!

Kohl's Stock Falls on Sales Miss Despite Earnings Beat

Despite a revenue and profit boost, the company missed sales forecasts, sending the stock 2.4% lower in early trading on Tuesday ... who have all suffered falls of more than 40%. The rise of online ...

Published:  Tue, 20 Aug 2019 06:55:00 GMT



Most Brokers Won't Go Multi-Asset Any Time Soon

So, if I want to trade in a particular stock, I have to find its symbol online then go back to MT5 and look for it." Of course, many brokers are not even using MT5. As the Finance Magnates ...

Published:  Tue, 20 Aug 2019 04:40:00 GMT



The ultimate guide to virtual trading and stock market simulators

Here are several of the top stock market games and virtual trading platforms available online for those who are interested in getting started. Wealthbase is the newest entrant into the world of stock ...

Published:  Fri, 16 Aug 2019 09:00:41 GMT



Why Qiwi Stock Popped 21% Today

Shares of Cypriot-registered (but really Russian) Qiwi (NASDAQ:QIWI) exploded higher in Monday trading, closing the day up 20.9% after beating expectations for fiscal Q2 earnings this morning.

Published:  Mon, 19 Aug 2019 14:36:00 GMT



The Big Questions Facing Alibaba Stock

InvestorPlace - Stock Market News, Stock Advice & Trading Tips What the results from ... It is buying Kaola, the largest online merchant that sells imported goods to Chinese consumers, from ...

Published:  Tue, 20 Aug 2019 12:08:00 GMT



How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?

This would typically require a one-on-one telephone call, which would result in the stock broker manually purchasing or selling your required order. Fast forward to 2019, and trades can now be placed ...

Published:  Mon, 19 Aug 2019 02:09:00 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