It also offers forex trading, futures, and initial public offerings for qualified accounts three investment choices that are not available with Merrill Edge. TD Ameritrade offers more no-fee mutual funds than Merrill Edge (4,200, compared to about 3,000 for Merrill Edge). You can even check your portfolio's overall ESG investment score to track how you're doing. Merrill Edge also offers their Merrill Edge Guided Investment robo-advisor, which is a product TD Ameritrade doesn’t match at this time.įinally, Merrill Edge is one of the best brokers for ESG investing since it has a range of tools and screeners to help you find sustainable investing ideas that align with your goals. This is possible because Merrill Edge and Bank of America are linked seamlessly. The tie-in with Bank of America also enables customers to both bank and invest within the same organization. Merrill Edge has the advantage of having investment advisors located in hundreds of Bank of America branches across the country. But it's time to dive into how these brokers differ so you can pick the broker that's best for your investing goals. How are they different?īoth TD Ameritrade and Merrill Edge are leading commission-free brokers. Both also accommodate self-directed investing as well as multiple managed investments plans. Merrill Edge and TD Ameritrade are both full-service investment brokerage platforms, offering commission-free trades in stocks and ETFs. How are Merrill Edge and TD Ameritrade similar? They have one of the largest offerings of no-fee mutual funds in the investment industry. TD Ameritrade can accommodate individual and joint taxable accounts, solo 401(k) accounts, trusts, partnerships and limited partnerships, education accounts, and virtually every type of IRA.But they include participation in several other investment types not offered by Merrill Edge. TD Ameritrade is a full-service investment brokerage platform, offering commission-free trades in stocks and ETFs.SIPC insurance + two-factor authentication Stocks, Options, ETFs: $0 Commission (+ $0.65 per contract on options) Mutual funds: $49.99Ĭheck, wire transfer from external account instant transfers from linked Bank of America account, and account rolloversĬheck, wire transfer from external account account rollovers and transfer of physical stock certificates Stocks, Options, ETFs: $0 Commission (+ $0.65 per contract on options) Mutual funds: $19.95 Self-directed Investing: $0 Guided Investing: $1,000 or $20,000 Trading hours premarket & amp after hours
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