![]() Merrill Edge says its margin interest rates are determined by a few factors, including the base lending rate (which resets weekly), your debit balance and your overall relationship with Bank of America and Merrill.īased on our previous experience, Merrill Edge has generally high margin rates. Merrill Edge does not publish its margin rate, you have to call them individually to get information on margin rates. This can be a significant proportion of your trading costs. You have to pay interest on this borrowed money/stock. This basically means that you borrow money or stocks from your broker to trade. If you want to trade on margin, you will need a minimum deposit of $2,000.Ī margin rate is charged when you trade on margin. If you prefer stock trading on margin, you should check out Merrill Edge's margin rates. Merrill Edge stock and ETF commission of a $2,000 trade Merrill Edge charges no commission for stock and ETF trades. Fees for mutual funds are high, but options fees are competitive compared to its competitors.įor all product types, it costs $30 to initiate a representative-assisted online trade. Merrill Edge trading fees are low for all asset classes. Merrill Edge charges zero commission for stocks, ETFs and bonds. To have a clear overview of Merrill Edge, let's start its trading fees. See a more detailed rundown of Merrill Edge alternatives. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also compared Merrill Edge's fees with those of two similar brokers we selected, Fidelity and Vanguard. For example, in the case of stock investing the most important fees are commissions. In the sections below, you will find the most relevant fees of Merrill Edge for each asset class. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.These can be commissions, spreads, financing rates and conversion fees. We ranked Merrill Edge's fee levels as low, average or high based on how they compare to those of all reviewed brokers.įirst, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. ![]() ![]() $19.95 per transaction, but there are also more than 800 funds that are free to trade ![]()
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