Overview of Merrill Edge fees and charges
It's safe to say that Merrill Edge's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Merrill Edge even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Merrill Edge's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Commission-free stock and ETF trading |
| EURUSD fee | - | Not available |
| US tech fund fee | High | $19.95 per transaction, but there are also more than 800 funds that are free to trade |
| Inactivity fee | Low | No inactivity fee |
Merrill Edge fees
Merrill Edge fees explained
We compare Merrill Edge fees with its closest competitors, Fidelity and Vanguard.
Merrill Edge fees
Merrill Edge trading fees
Merrill Edge's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Merrill Edge.
Trading fees
Merrill Edge's trading fees are low.
Stock fees and ETF fees
Merrill Edge has low stock trading fees.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | - | $10.2 | - |
| German stock | - | $18.8 | - |
Fund fees
Merrill Edge fund fees are high.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| Mutual fund | $20.0 | $37.5 | $20.0 |
| EU mutual fund | - | - | - |
Bond fees
Merrill Edge has low bond fees.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| US Treasury bond | $0.0 | $0.0 | $0.0 |
| EU government bond | - | - | - |
Options fees
Merrill Edge's options fees are low.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| US stock index options | $6.5 | $6.5 | $10.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Financing rates
Merrill Edge financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Merrill Edge fees
Merrill Edge non-trading fees
When it comes to looking at all the non-trading fees Merrill Edge is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Merrill Edge that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Merrill Edge fees
Merrill Edge deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Merrill Edge is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Merrill Edge offers.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | Yes | No |
| Deposit fee | $0 | $0 | $0 |
Merrill Edge fees
Merrill Edge withdrawal fee
Unlike some online brokers we have reviewed Merrill Edge does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Merrill Edge | Fidelity | Vanguard | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | Yes | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Merrill Edge fees
Merrill Edge inactivity fee
Merrill Edge does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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