Merrill Edge for those of you who haven’t heard about this company let me quickly explain what it is.
Basically Merrill Edge is an electronic trading platform and a Retail banking company. It was founded back in 2010 and its parent organisation is the famous Bank of America. Merrill Edge offers you as a customer a high-quality research and unlimited free stock and ETF trades.
I’ve looked closely into that website, and i gotta say that there are 2 main pros to this website and 1 main con to this website.
Lets start with the con to this website which is that the more advanced traders and investors may find fewer securities on offer at this website.
And the 2 main pros to this website are it is closely integrated with Bank of America and the second pro is that robust third-party research.
It’s important to mention that Merrill Edge have no account minimum. As well as it has no stock trading costs. The options trades here are between $0 + and $0.65 per contract.
Merrill Edge has no annual, inactivity, transfer and closing fees for brokerage accounts. There is a $50 ish coast on full outgoing account transfer fee for retirement accounts.
Tradable securities on Merrill Edge are only 1) Stocks 2) Bonds 3) ETFs 4) Options 5) Mutual funds.
All available ETFs trade on the website are commission-free.
I think that Merrill Edge is best for people who are
– Governance investors.
– Bank of America customers.
– Soical Investors
– High-balance customers.
– Environmental investors