Online brokers compared for fees, trading platforms, safety and more. See how Merrill Edge stacks up against Robinhood!
Last update of data—Feb 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 slightly better than Robinhood's and a comparison of their fees shows that Merrill Edge's fees are slightly higher than Robinhood's.
Account opening takes about the same effort at Merrill Edge compared to Robinhood, deposit and withdrawal processes are about the same quality at Merrill Edge, while customer service quality is much better than Robinhood's.
Our experts rated the trading platform of Merrill Edge as being of the same quality as 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.
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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