Overview of Merrill Edge fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Merrill Edge charges.

Merrill Edge commission and other fees
Merrill Edge commission and other trading fees

The good news is that Merrill Edge has low trading fees in general. We ranked the fees of Merrill Edge as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Merrill Edge commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Merrill Edge commission and other trading fees
Merrill Edge Fidelity Ally Invest
Stock and ETF Low Low Low
Forex - - -
Fund High High Low
Bond Low Low Low
Options Average Low Low
Futures - - -

Now let's go over the trading fees for each asset class one by one.

Merrill Edge stock and ETF commissions, spreads

Merrill Edge stock and ETF commissions are low. Merrill Edge stock and ETF commissions are charged as per the table below.

Merrill Edge stock and ETF commission
Merrill Edge
US stock Commission-free stock and ETF trading

You can compare Merrill Edge stock and ETF fees with the two closest competitors.

Merrill Edge stock and ETF commission, spreads vs competitors
Merrill Edge Fidelity Ally Invest
US stock $0.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

Merrill Edge fund commissions

Merrill Edge fund commissions are high. The table below shows how Merrill Edge fund commissions are calculated.

Merrill Edge fund commissions
Merrill Edge
Mutual fund $19.95 per transaction, there are also ~ free funds

Check out how Merrill Edge fund fees compare with the competition.

Merrill Edge fund commissions
Merrill Edge Fidelity Ally Invest
Mutual fund $20.0 $37.5 $10.0

Fund commissions are calculated for a $2,000 trade

Merrill Edge bond commissions

Merrill Edge bond commissions are low. The table below contains the description of Merrill Edge bond commissions.

Merrill Edge bond commissions
Merrill Edge
US Treasury bond $0 for online trades

See how Merrill Edge bond fees stack up against the competition.

Merrill Edge bond commissions vs competitors
Merrill Edge Fidelity Ally Invest
US Treasury bond $0.0 $0.0 $10.0

Bond commissions are calculated for a $10,000 trade

Merrill Edge options commissions

You can see below the description of Merrill Edge options commissions. Merrill Edge options fees are average.

Merrill Edge options commissions
Merrill Edge
US stock index options $0.65 per contract
US stock options $0.65 per contract

Compare options commissions charged by Merrill Edge with those of Fidelity and Ally Invest.

Merrill Edge options commissions vs competitors
Merrill Edge Fidelity Ally Invest
US stock index options $6.5 $6.5 $5.0
US stock options $6.5 $6.5 $5.0

Options commissions are calculated for 10 contracts

Merrill Edge commission and other fees
Merrill Edge non-trading fees

In addition to trading fees, it's important to see if Merrill Edge charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Merrill Edge with its two closest competitors.

Merrill Edge non-trading fees vs competitors
Merrill Edge Fidelity Ally Invest
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Merrill Edge commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Merrill Edge and its closest competitors. To learn more about Merrill Edge, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

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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