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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 -25% 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 not recommended

1 user recommends
1 user is unsure
2 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Online Trade $0 - $6.95
Minimum to Open Account $25
Margin Rate Starting at 9.625%
Broker Assisted Trading Fee Starting at $29.95

Merrill Edge® Self-Directed Review

Where is Merrill Edge® Self-Directed based?

Merrill Edge® Self-Directed is a brokerage based in Charlotte, NC. Founded in 1784, Merrill Edge® Self-Directed is a good option for experienced traders 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.

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

Merrill Edge® Self-Directed Investment Options
Supported Options Unsupported Options
  • 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 of 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
  • No-Commission ETFs
  • Retail Locations
  • Advisor Services
  • Dividend Reinvestment
  • Online Live Chat
  • 24/7 Support
  • No Fee IRAs
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Automated Trading Strategy
  • 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
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Feature Breakdown

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

    Merrill Edge® Self-Directed Community Reviews

     
     

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