Merrill Edge Review
This trusted the US stock market broker is a part of a huge Bank of America financial institution. It offers both trading and investing opportunities for the clients. There are plenty of instruments that you can use to create your strategy.
Trading conditions and tools
Merrill Edge offers many benefits to the clients including commission-free stock trades, no minimum deposit limitations, low options tariffs, and free ETFs. There are three ways of investing with this broker:
- Self-Directed. This is an option that is suitable for individual investors with skills. You will do all on your own without any guidance and assistance.
- Guided investing allows you to use ready strategies. The company helps customers to build their portfolios.
- This is the option for those who have low skills and experience. A professional advisor will guide you through all the steps and will help to build a portfolio.
As for the instruments, here you can find a wide range of assets to invest in. There are stocks, indexes, ETFs options and other derivatives, mutual funds, and others. Merill Edge offers also several retirement opportunities.
You can use your Bank of America account to fund your profile or to withdraw money from it. You can also use it for dividends. There are no cryptocurrency withdrawal options.
The broker offers two types of platforms – MarketPro and mobile too for investing. Market Pro is a modern solution for those who want not only to place orders but also to analyze the markets. There are plenty of tools inside the platform to do this including tech indicators and graphic tools. This trading terminal is a good solution for both passive and active investors.
Training and Research
There are many educational materials on the official website. Here you will find out more about general investing topics. Merrill Edge has divided all courses into three stages – for beginners, intermediate and professional investors. You will learn the most popular strategies and many other useful things.
As for the analytics, there are several research sections including stocks, options, ETFs, mutual funds and fixed income assets. There is no demo account as this broker is more for investors than for traders. If you are looking for any type of bonus, you will not find anything here as well.
Pros and cons
Merrill Edge offers the following benefits:
- Trusted US broker.
- Guidedinvesting opportunities.
- Many investing instruments included stocks, ETFs, derivatives, mutual funds.
- Low entrance amount (from 0USD).
- Low commissions.
- Professional platform for trading and investments.
- High quality mobile platform.
As for the disadvantages, we can mention the lack of bonus and demo account, there is no leverage at all.
The official website looks modern and user-friendly. You can find all you need in a couple of clicks. However, we had difficulties to search for a trading platform information. It is to mention that the website has an abundance of data and you may lose yourself there easily. However, for those who work with the broker for a couple of years, this is not a big problem.
There are almost no testimonials on this broker but you can find plenty of reviews. They all have positive impressions about this broker and this is not surprising as Merill Edge is a part of BofA bank which is very popular in the US. Leave your comments here to help the others, please.
Merill Edge is a trusted US stockbroker with a high level of service and multiple features. There are options for both traders and investors including a deep educational program.