Online brokers compared for fees, trading platforms, safety and more. See how Merrill Edge stacks up against Robinhood!
Last update of data—Dec 2022
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.
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for investors and traders looking for low fees, quick account opening and simple platforms.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
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.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Merrill Edge's service is on par with Robinhood's and a comparison of their fees shows that Merrill Edge's fees are similar to Robinhood's.
Account opening takes about the same effort at Merrill Edge compared to Robinhood, deposit and withdrawal processes are somewhat easier at Merrill Edge, while customer service quality is better than Robinhood's.
Our experts rated the trading platform of Merrill Edge as somewhat worse than the platform of Robinhood, found that clients have access to about the same number of markets and products with Merrill Edge, while Robinhood provides somewhat lower-quality research and education.
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