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  • While the website isn’t customizable, you can customize the layout and set trading defaults in MarketPro.
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  • Still, it gets the job done, especially for retail traders with less complex needs.
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Merrill understands your needs and provides the advice, guidance, insight and tools you need to help make the most of the moment, no matter what your goals for the future are. Personalized investing with insights, guidance and tools to confidently put your investing ideas into action. generally hasn’t run into any major lawsuits or public scandals over the years. According to BBB data, the company has resolved more than 2,200 complaints in the last 12 months. Automated advice at Fidelity, however, is less expensive than both Merrill Edge and TD Ameritrade. But TD Ameritrade may be the best choice for cryptocurrency traders.

One of the Worst trading apps on my phone!

DotBig vs Merrill Edge supports basic order types (e.g., market, limit, stop limit) across all platforms, but it doesn’t offer the advanced conditional orders that active traders want. MarketPro and the Merrill Edge mobile app provide streaming real-time quotes and news, which you can view on multiple devices simultaneously. The app supports the same order types and, except for fixed income, the same asset classes as MarketPro. You can monitor, manage, and create new watchlists on the app and share them between the web and mobile app. However, MarketPro watchlists are saved to your local device instead of the cloud. Charting and research are available on both MarketPro and the app, and you can overlay a variety of technical indicators and drawing tools on either platform.

Merrill Edge

However, MarketPro falls short compared to similar platforms for day trading in that there are no one-click trades to respond rapidly to changing markets, and no option to set up conditional orders. dotbig broker Merrill Edge is owned by Bank of America, which has the gold standard for banking loyalty programs. Bank of America Preferred Rewards members can secure rate and fee discounts for most of the banks products, plus bonus credit card rewards. We review further below the Preferred Rewards program in more detail.

Merrill Edge Review: Top Broker With Strong In-Person Support

But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.

Merrill Edge

Although this isn’t terribly alarming considering the firm’s enormous customer and trading base, some of its fines are quite high. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. dotbig The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. Merrill Edge users get access to a comprehensive library BofA Global Research videos, webcasts and podcasts covering every investment category. In addition, the MarketPro platform features streaming news and headlines during the day. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.


If you don’t need advanced platform capabilities and the product line-up suits your needs, Merrill Edge remains a solid choice as both a brokerage firm and a trading platform. The investing information provided on this page is for educational purposes only. dotbig sign in NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

These ads are based on your specific account relationships with us. There is always the potential of losing money when you invest in securities. 3BofA Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates.

Trade Experience

The broker is a solid choice for both new and experienced investors. $20,000 minimum investment Available investment products – Stocks, bonds, options, ETFs & mutual funds The firm’s core brokerage service is its Self-Directed Trading. dotbig contacts This service essentially offers all the benefits of the firm’s research, wide range of investment choices and more in an easy-to-use package that’s great for individual investors. Merrill Edge simplifies much of the market data within this platform so that even those who have just begun investing can do successfully.

They’ve got Bank of America’s global research picks for best stocks, Warren Buffet’s picks, as well as “high quality and dividend yield” ideas. Right out of the gate, they offer high-quality, low-risk long-term stocks. You’ll find overviews and articles on the U.S. and global markets, as well as plenty of news. There’s also a calendar for company and worldwide economic events.

If an order becomes unmarketable, the router posts any residual quantity across multiple venues and redistributes residual posted share quantities dynamically as executions occur. Essentially the technology is approaching the process of filling an order by first seeking price improvement rather than execution speed. dotbig ltd Merrill reports that 99% of orders are executed at better than the quoted price and the average execution speed is 0.007 seconds. Merrill also reports $24.60 in average savings on market orders of 1,000 shares. The company states it will support four-leg strategies in the future.

It includes securities that have historically been on ETB lists and many others, and it can provide an instant locate when inventory is available. MarketPro and mobile provide streaming real-time quotes, which you can view on multiple devices simultaneously. You can stage orders for later entry and enter multiple orders simultaneously. Merrill Edge does not offer access to cryptocurrencies or products such as Bitcoin trusts. Research, ratings and reports from several providers, including Bank of America, Morningstar and S&P Global. Fractional shares let investors buy by the dollar amount, rather than the share amount. This makes it much easier — and more affordable — to diversify, but Merrill Edge doesn’t offer this ability.

Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. Merrill Edge allows you to reinvest your dividends into fractional shares of stock, letting you roll that full payout into more equity. So it’s too bad that the broker doesn’t also do the same with stock purchases, allowing you to invest a set dollar amount into whatever stock you want. This cool feature shows you the performance of your portfolio . testimonials The story format gives you the highlights in an easy-to-digest language and format, and it’s like watching a short, made-for-you video on demand.