Merrill Edge app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether Merrill Edge's mobile app ticks all the boxes.

Overall, we rate the user-friendliness of the app as better than average.

Merrill Edge mobile app vs. similar brokers
Merrill Edge Fidelity Ally Invest
Mobile app rating (5 is the best) 4.8 stars 4.5 stars 3.3 stars
User-friendliness Great Great Great
2-step authentication Yes No No
Biometric authentication Yes Yes Yes

We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Merrill Edge review.

Merrill Edge app - Merrill Edge app

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Merrill Edge app
Our main checklist for the Merrill Edge app

Let's start with the search functions. Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

Merrill Edge could improve in this area, but it might be OK for general use.

Merrill Edge checklist
Merrill Edge Fidelity Ally Invest
Search functions Mid-range Great Great
2-step authentication Yes No No
Biometric authentication Yes Yes Yes
Price alerts in the app Yes Yes No
Confirmation after successful trade Yes Yes Yes
Merrill Edge app - Merrill Edge app search functions

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Merrill Edge app
Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

Merrill Edge has these order types available in its app: Market, Limit, Stop, Stop Limit, Trailing Stop.

At Merrill Edge you can use the following order terms & expiry in the app: Day, Good til canceled (GTC).

The Merrill Edge mobile app currently supports the following languages: English.

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Merrill Edge app
The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.

Author of this article

Nicole Conrad

Author of this article

Nicole is an intern content contributor for Brokerchooser. She comes to Brokerchooser with experience and certification in Accounting, and she currently is pursuing graduate studies in Economic Policy. Nicole writes broker reviews to provide transparency for customers: highlighting brokers’ exceptional services and holding them accountable for questionable practices.

Nicole Conrad

Broker Analyst

Nicole is an intern content contributor for Brokerchooser. She comes to Brokerchooser with experience and certification in Accounting, and she currently is pursuing graduate studies in Economic Policy. Nicole writes broker reviews to provide transparency for customers: highlighting brokers’ exceptional services and holding them accountable for questionable practices.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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