Our experts rate Merrill Edge as a top brokerage choice for pretty much everyone, whether you're new to investing or an experienced investor with decades of buying stocks under your belt. Merrill scores top marks as a stock trading platform, and also offers one of the better and more easily attainable welcome bonuses out there which can earn you anywhere from $100 to $600.
One of the things that really sets Merrill apart is the integration with Bank of America and the ability to turbocharge your savings and cash rewards (see more details below). It's one reason that switching brokerages could make sense for a lot of people, in addition to taking home the strong welcome bonus. Check out our full review below to see if Merrill is right for you.
$0 stock and ETF trades
Get up to $600 when you invest in a new Merrill Edge® Self-Directed account
No brokerage is perfect for everyone, but every brokerage tailors its offerings to a certain type of customer. Merrill Edge stands out from the pack with these strong features below. Note, Merrill Edge is owned by Bank of America, so it features a lot of great perks through seamless integration with a big bank.
Taking into consideration its pros and cons, we think a Merrill Edge account would be a good fit for you if the following statements apply to you:
There are some truly fantastic, best-in-class perks you can unlock based on your combined deposits in Merrill investment accounts and Bank of America deposit accounts. There are three tiers for the combined deposits that feature better perks as you move up in deposit amount: $20k for the lower tier, $50k for middle, and $100k for upper. These have the potential to put thousands of dollars back in your pocket every year. They include:
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