Description
Merrill Edge, a subsidiary of Bank of America, is an online brokerage offering investment services, including stocks, bonds, ETFs, and mutual funds. Merrill Edge provides users with access to a wide variety of research tools, as well as educational resources aimed at improving financial literacy and investing skills.
- Fees: No commissions on stock, ETF, and options trades. There is a $0.65 per contract fee for options trades.
- Tools & Education: Merrill Edge offers powerful research tools, including in-depth stock reports, market analysis, and portfolio management tools. Its educational resources include articles, webinars, and a knowledge center tailored to beginner and intermediate investors.
- Platform: Web-based, with mobile and desktop apps available for trading and portfolio management.
Pros:
- $0 commissions on stock, ETF, and options trades.
- Strong research tools and resources, including advanced charting and in-depth reports.
Cons:
- Limited selection of mutual funds compared to other platforms like Vanguard.
- Fees for some premium services can add up.
Best for:
Intermediate investors who seek comprehensive research tools and portfolio management services. Merrill Edge is great for those who prefer a user-friendly interface with strong customer service and research capabilities.
Link To Website: www.merrill.com
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