Merrill Edge Logo

Does Merrill Edge have a custody fee?

Your expert
Nicole C.
Fact checked by
Gyula L.
Updated
4w ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does Merrill Edge charge a custody fee as of January 2024?

No, Merrill Edge does not charge a custody fee.

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

Merrill Edge is a US-based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and FINRA; BofA is listed on the NYSE.

BrokerChooser score
4.6 4.6 /5
Visit broker
Merrill Edge is available in the United States

What is a custody fee?

A custody fee is typically a percentage-based fee that some brokers charge for the safekeeping of certain assets, such as stocks, bonds or ETFs. The fee is calculated based on the value of the positions you are holding.

To learn more about Merrill Edge's fees and charges, read our article about Merrill Edge's fee structure.

If you are interested in Merrill Edge in general, check our comprehensive review.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Nicole Conrad
Nicole Conrad

Nicole is a former intern content contributor for BrokerChooser. She came with experience and certification in Accounting, and pursued graduate studies in Economic Policy. Nicole wrote 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.

Follow us

Regional settings

×
I'd like to trade with...