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  Merrill Edge® Self-Directed
Merrill Edge® Self-Directed
in Brokerages from Bank of America
Unaffiliated

Merrill Edge® Self-Directed

Unaffiliated
in Brokerages from Bank of America
SuperMoney Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

3 users recommend
1 user is unsure
3 users don't recommend
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Highlights
Community Rating Mostly recommended
Online Trade Fee $0 - $6.95
Crypto Trade Fee N/A
Broker Assisted Trading Fee Starting at $29.95
Minimum Initial Investment $25
Number of Reviews 7

Merrill Edge® Self-Directed Review

Merrill Edge® Self-Directed is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC.

Merrill Edge® Self-Directed is a good option for investors who require additional research tools and more advanced reports.

This brokerage is a good choice for frequent traders who are looking for a fast platform with low costs that includes tools designed for day traders.

Merrill Edge® Self-Directed FAQ

What assets can you invest in on Merrill Edge® Self-Directed?

The Good The Bad
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Cryptocurrencies
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups

What trading fees does Merrill Edge® Self-Directed charge?

The online trading fees for Merrill Edge® Self-Directed are below the average ($8.90) for online brokerages. However, there are other fees to consider.

Merrill Edge® Self-Directed Fees
Trading Fees Amount
Broker Assisted Trading Fee $29.95
Returned Deposit Fee (International) $20
Outgoing International Bank Transfer Fee $24.95

How much do you have to invest to open an account?

The minimum investment to open an account with Merrill Edge® Self-Directed is $25.

What is the minimum amount to open a margin account?

A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Merrill Edge® Self-Directed offers investors this service but the minimum amount is $2,000.

What margin rates does Merrill Edge® Self-Directed offer?

Merrill Edge® Self-Directed offers a margin rate that ranges from 9.625%.

What brokerage features does Merrill Edge® Self-Directed offer?

Merrill Edge® Self-Directed provides users with a variety of tools. These include:

Merrill Edge® Self-Directed Brokerage Features
Supported Options Unsupported Options
  • Broker Assisted Trades
  • Trading Platform
  • No-Commission ETFs
  • Retail Locations
  • Advisor Services
  • Dividend Reinvestment
  • 24/7 Support
  • No Fee IRAs
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Automated Trading Strategy
  • Online Live Chat
  • Real Time Quotes
  • Automated Trading Strategy
  • Account Transfer Fee Reimbursement

What research tools does Merrill Edge® Self-Directed offer investors?

Merrill Edge® Self-Directed is not only a brokerage. It's also an investment analysis platform that provides a wide selection of research tools. These include:

Merrill Edge® Self-Directed Research Tools
Supported Options Unsupported Options
  • Global Markets Analysis
  • Historical Performance Analysis
  • Mutual Bonds Analysis
  • Mutual Funds Analysis
  • Account Transfer Fee Reimbursement
  • Webinars
  • ETF Top 10 Holdings
  • Fund Prospectus Access
  • Insider Transactions
  • Live Seminars
  • Past Earnings Reports
  • Portfolio Allocation
  • SEC Filings
  • Social Sentiment Analysis
  • Stock Metric Comparisons
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Merrill Edge® Self-Directed

It takes just a minute to get a head?start with investing. If you're not feeling confident about where to begin, relax! We have you covered. These quick videos can give you a head-start with opening, funding and investing from your Merrill account. We're reinventing what it means to be a confident online investor. Enjoy unlimited $0 online stock, ETF and option trades, with no annual account fees or balance minimums. Get easy-to-understand insights and timely investing ideas, backed by award-winning research. Invest your way with access to a wide range of stocks, bonds, ETFs and well-known mutual funds.

Contact

Other Services by Bank of America

Feature Breakdown

Annual Fee $0
IRA Closure Fee $49.95
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $24.95
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $24.95
Minimum Initial Investment $25
Minimum Margin Account $2,000
Brokerage Features
  • Trading Platform
  • Dividend Reinvestment
  • No-Commission ETFs
  • Research and Report
  • Advisor Services
  • Retail Locations
  • Mobile Trading
  • 24/7 Support
  • Broker Assisted Trades
  • Dedicated Financial Advisors
  • Online Banking
Dividend Reinvestment
Investment Choices
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
No-Commission ETFs
Research Tools
  • Stocks
  • Mutual Funds
  • Historical Performance Analysis
  • Third Party Ratings
  • Global Markets
  • Fixed Income
  • Mutual Bonds
  • Webinars
  • Retirement
Research and Reports
Investor Type
  • Beginner Traders
  • Advanced Traders
  • Frequent Traders
  • High Balance Investors
Online Trade Fee $0 - $6.95
Bond Trade Fee $0 - $29.95
ETF Trades $0 - $6.95
Margin Rate Starting at 9.625%
Broker Assisted Trading Fee Starting at $29.95

Merrill Edge® Self-Directed Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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