#Merrill edge free#

If you reach certain minimum balances across all Merrill and Bank of America accounts, you will qualify for better pricing and free trades. Margin trading is available in most accounts. Managed accounts have minimums and fees that don’t apply to self-directed accounts. Within each type of account, you can choose between a fully self-directed account, guided investing that works like a robo-advisor, or a fully managed account with a Merrill Financial Solutions Advisor. College savers can open a 529 and custodial UGMA/UTMA account. It supports traditional, rollover, and Roth IRAs, inherited IRAs, and four types of retirement accounts for small businesses. For standard, taxable brokerage accounts, you can open an individual, joint, or custodial account. Merrill Edge supports most types of investment accounts including personal, retirement, college savings, and business accounts.īanks as big as Bank of America are sure to offer something for everyone, so Merrill Edge has most investment scenarios covered. A combined $100,000 balance or more gives you access to the Preferred Rewards Platinum Honors tier with 100 free stock or ETF trades per month. A $50,000 balance across linked accounts gets you access to this rate. Preferred Rewards Platinum clients get 30 free stock or ETF trades per month. Secondary market bonds cost $1 per bond traded with a $10 minimum and $250 maximum per trade. Other, less common trades cost $19.95, $20.95, or $30.95 depending on the fund and how long you hold the investment.

Many mutual funds are available at Merrill Edge for no cost.

#Merrill edge plus#

Option trades cost $6.95 plus 0.75 cents per contract. Automated phone trades cost the same $6.95, a bright point on pricing for those who don’t want to trade themselves online or with their phone. Most trades at Merrill Edge will incur the standard $6.95 fee. High balance customers at Merill Edge or with linked Bank of America accounts may qualify for 30 or 100 free trades per month. It works fine for people using any bank, but the best rates and pricing are available to those with a deep Bank of America relationship.Īccounts with Merrill Edge offer stock and ETF trades for $6.95. This broker’s strong integration with Bank of America makes it best for people who want to keep all of their banking and investing under one online login and with one company. Online stock and ETF trades are $6.95, though Bank of America Preferred Rewards customers with a tier of platinum or above get 30 or more free trades per month. Today, Merrill Edge is popular for competitive pricing, a range of self-directed and fully-managed accounts, modern trading tools, and access to in-depth research from several sources. Bank of America purchased Merrill Lynch in 2009 in the fallout of the Financial Crisis that began in 2007. While the Merrill Edge brand is just shy of a decade old, parent companies Merrill Lynch and Bank of America have histories of over 100 years each. Merrill Edge is a full-service, discount brokerage with a long history in the United States.

It is best for people with an existing Bank of America relationship due to preferred pricing and rates, but it works well for anyone looking for a full-service brokerage. Merrill Edge is a subsidiary of a bank and brokerage with more than a century of history.