Merrill Edge app

As more and more traders and investors use their smartphones as their primary trading platform, it is increasingly important that brokers come up with easy to use apps that can match the functionality of the 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 TD Ameritrade Charles Schwab
Mobil app rating (5 is the best) 4.8 stars 4.8 stars 4.2 stars
Is the app easy to use? Great Great Great
2-step authentication possible? Yes Yes Yes
Biometric authentication possible? Yes Yes Yes

We're going to look at order types, price alerts, search functions, so all the little details that make a trading app user-friendly or downright cumbersome. Should you prefer to read our full review that include fees, deposit options, and other platforms (like web and desktop) then skip to Merrill Edge's full review.

Merrill Edge app

Merrill Edge app
Our major checklist for the Merrill Edge app

Let's start with the search functions. While this might be up to personal taste, we use a 3-star rating here. While most brokers do OK here, 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 the word 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 (only 2 stars) but it might be OK in most use cases.

Merrill Edge checklist
Merrill Edge TD Ameritrade Charles Schwab
Search functions are OK? Mid-range Mid-range Mid-range
Price alerts in the app Yes Yes No
2-step authentication possible? Yes Yes Yes
Biometric authentication possible? Yes Yes Yes
Confirmation after successful trade Yes Yes Yes
Merrill Edge app search functions

Merrill Edge app
Checklist for nice to have features

It might be a deal-breaker for some if you can't set up a trailing stop limit and we totally get it. On the other hand, some people couldn't care less about that and also don't get excited if the app is available in 25 languages. Anyway, here is our minor checklist:

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

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

The languages the mobile app of Merrill Edge currently supports are as follows: English.

Merrill Edge app
The BC award winner 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 platforms 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.

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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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