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. Solid investment tools on desktop, mobile and web platforms. In 2015, had 2,500 advisers working in bank branches and call centers.

Merrill Edge

Merrill Edge is a product of Bank of America’s acquisition of Merrill Lynch, and it’s clear that the parent company has made the effort to create a seamless experience for clients who use both services. You can view Bank of America accounts and Merrill Edge accounts with a single login, and real-time transfers move money between accounts instantly. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

Withdrawals at Bank of America ATM’s are free of charge. The broker also reimburses comparison its clients up to $200 for non-Bank of America ATM’s annually.

Privacy & Security

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions. The Chief Investment Office develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. No annual, inactivity or transfer/closing fees for brokerage accounts; $49.95 full outgoing account transfer fee for retirement accounts.

Merrill Edge

Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. If there are multiple owners on this account, the information you provide should reflect the views and circumstances of all owners on the account. Merrill Guided Investing is offered with and without an advisor.

Merrill Edge Cons and Pros Assessment

If you’re trying to learn more about investing, the Merrill Edge website provides a library of free articles covering different investment topics as well as webinars and an investment FAQ. They also offer courses covering topics for all their main investment categories, designed in a partnership with Morningstar.

  • Active stock, ETF, and option traders will be better served with TD Ameritrade.
  • MLPF&S is a registered broker-dealer, registered investment adviser, Member Go to another website and learn about Securities Investor Protection Corporation popup, and a wholly owned subsidiary of BofA Corp.
  • The firm has good offerings of fixed-income products, including Treasuries, CD’s, and secondary bonds.
  • There’s also a "quick trade" feature that lets you make stock and ETF trades from just about any page on the website.

Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. Like many brokers, Merrill Edge offers website trading and an active trader platform, called Merrill Edge MarketPro. The company’s website is clean and intuitive and offers several screeners so you can quickly sort through stocks, mutual funds, ETFs and bonds. There’s also a "quick trade" feature that lets you make stock and ETF trades from just about any page on the website.

Merrill Guided Investing

One interesting capability is their Dynamic Insights tool, which is AI-driven and gives you a personalized summary of how your portfolio is doing, including possible recommendations. is the flagship online brokerage product of Bank of America and its wealth management arm, Merrill, two of the biggest players in the investment industry. The platform does some things well, especially in terms of research and advisory services, but it also has some considerable limitations. A highly competitive commission structure makes Merrill Edge worth a look if all you need is a basic portfolio, especially if you’re already a Bank of America customer.


If we detect suspicious login activity, we will ask you to answer some of the security questions before providing access to your account information. IBM® Security Trusteer Rapport™ is online fraud protection software — free for Merrill Edge® Self-Directed or Bank of America clients — which delivers extra security while you’re signed into your account. Rapport works alongside your existing anti-virus software and firewall to prevent fraudulent websites from stealing your online ID, password and other sensitive information. Please visit Trusteer’s website to learn more about Rapport and download the software. Start your search for the mutual funds that may be right for you with Merrill Edge Select® Funds — pre-screened by the professionals with Merrill Lynch® Wealth Management. Our mutual funds screener can help you find the funds that best match your investment goals.

Get up to $600 when you invest in a new Merrill Edge® Self‑Directed account.

This platform did not perform well in our customer service tests. We were unable to reach them by phone, including a call where we were on hold for 20 minutes before they hung up. Their email support also did not reply to our questions, though they do not seem to actively promote email as a support option so it’s possible they no longer check. Chat support was one area where stood out, and we were able to rapidly reach live representatives—although they only offered canned replies to our questions.

Coverage above SIPC limits is covered by Lloyd’s of London. To transfer cash or securities from an account held at another financial institution, please complete our Funds Transfer Service form . When that process is completed, you will be able to see that account in our online tool and will be able to transfer funds, and set up one-time and recurring deposits. Customers with a combined balance of more than $20,000 in eligible investment and cash accounts can qualify for Merrill’s rewards program. By clicking continue, you will be taken to a website that is not affiliated with Bank of America or Merrill Lynch and may offer a different privacy policy and level of security. Bank of America or Merrill Lynch is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites.

MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

5Negotiated annual asset-based fee for Investment Advisory Program. Depending on your device, you may be charged access fees by your wireless service provider. You can trade on margin by using the Margin Lending Program.