Merrill edge 401k login7/29/2023 If you request help from a Merrill Edge broker, it will cost $29.95 per transaction. There’s no fee for brokered CDs and Treasuries, but it costs $1 per bond to buy corporate bonds, municipal bonds and other secondary investments ($10 minimum, $250 maximum cost). Merrill Edge charges a few transaction fees: $0.65 per contract for options trades and a $19.95 commission per mutual fund transaction (beyond the list of commission-free funds, which incur a $39.95 redemption fee if sold within 90 days of purchase). It also features commission-free trading of certain mutual funds and fixed income investments. Like the rest of the online brokerage industry, Merrill Edge offers unlimited, commission-free trading of stocks, ETFs and options. They can access their bank accounts, loans and investments all from the same website, and having high balances across all Bank of America-affiliated accounts can qualify them for better rates on financial products. One of the platform’s advantages is that it does not take payment for order flow-although we feel that has more to do with its status as Bank of America’s core brokerage offering, rather than a choice designed to attract day traders looking to avoid front-running by market makers.īank of America gives its existing customers a few reasons to choose Merrill Edge. Merrill Edge would be best for investors who are narrowly focused on basic investments, like stocks, exchange-traded funds ( ETFs) and mutual funds. Day traders and more experienced investors might prefer a platform with more robust trading capabilities and advanced order types, like conditional orders. The limited selection of product offerings is our main concern with Merrill Edge. That being said, when compared to other online brokerages, Merrill Edge’s tools are hardly top-shelf offerings, and the platform has some significant downsides. Both beginners and experienced investors will find things to like about Merrill Edge, such as quality research and decent investment tools.
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