Online brokers compared for fees, trading platforms, safety and more. See how Fidelity stacks up against Merrill Edge!
Last update of data—Dec 2021
Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA.
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.
Recommended for investors and traders looking for solid research and great trading platforms.
Recommended for investors and traders looking for low fees, quick account opening, and simple platforms.
Fidelity
Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA.
Recommended for investors and traders looking for solid research and great trading platforms.
Merrill Edge
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.
Recommended for investors and traders looking for low fees, quick account opening, and simple platforms.
Fidelity's service is on par with Merrill Edge's and a comparison of their fees shows that Fidelity's fees are similar to Merrill Edge's.
Account opening takes more effort at Fidelity compared to Merrill Edge, deposit and withdrawal processes are more seamless at Fidelity, while customer service quality is somewhat lower than Merrill Edge's.
Our experts rated the trading platform of Fidelity as being of the same quality as the platform of Merrill Edge, found that clients have access to more markets and products with Fidelity, while Merrill Edge provides somewhat lower-quality research and education.
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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