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Fidelity vs Merrill Edge 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 2025

In this head to head comparison of Fidelity vs Merrill Edge, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Fidelity
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Merrill Edge
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65

Range of investments

When comparing Fidelity and Merrill Edge, Fidelity often emerges as the more comprehensive choice for investors, thanks to a slightly wider range of offerings. Fidelity caters to diverse investing needs with a perfect five-star rating for its range of investments and holds the #3 spot on StockBrokers.com among 15 brokers. While Merrill Edge is a strong competitor with a commendable 4.5-star rating and a #7 position in the same ranking, it offers fewer investment options than Fidelity. For instance, Fidelity's inclusion of fractional shares and cryptocurrency trading with three available coins gives it an edge over Merrill Edge, which lacks these options.

Both Fidelity and Merrill Edge provide essential investment services, such as stock, margin, and options trading, as well as access to mutual funds and OTC stocks, making them robust choices for traditional market participants. However, neither broker currently offers futures or forex trading, focusing instead on more conventional asset classes. For those interested in accounts like traditional and Roth IRAs, both platforms deliver strong offerings, further demonstrating their commitment to serving a broad spectrum of investor needs.

When it comes to advisor services, both Fidelity and Merrill Edge are equipped to offer support and guidance, ensuring investors can make informed decisions. However, Fidelity distinguishes itself with its offerings of fractional shares and a unique edge in cryptocurrency trading, options that can be particularly appealing to modern, diversified investors. With these features, Fidelity becomes an attractive choice for those seeking a broker that combines traditional investment options with more innovative financial instruments.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Range of Investments 5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When comparing the trading platforms and tools offered by Fidelity and Merrill Edge, Fidelity takes the lead in overall ranking and user ratings. Fidelity's platforms are rated 4.5 stars and ranked #4 out of 15 brokers on StockBrokers.com, while Merrill Edge follows with a 4-star rating and a #6 rank. Fidelity offers downloadable platforms for both Windows and Mac, giving users added flexibility that Merrill Edge lacks since it only provides a browser-based option. Both brokers allow traders to make open order adjustments directly on charts and offer a range of features like adding notes, index overlays, and displaying corporate events on charts.

Fidelity stands out with 129 technical indicators and 38 drawing tools, offering traders more resources to analyze market trends, compared to Merrill Edge's 105 indicators and 23 tools. Both platforms let users show historical trades, portray corporate events, and apply automated technical analysis on charts. While Fidelity permits multi-chart profile saving, it lacks the feature to create custom studies, a limitation shared with Merrill Edge. However, Merrill Edge provides more customization fields for editing an SMA study, offering eight fields compared to Fidelity's five.

In terms of organization and tracking capabilities, Fidelity offers a detailed trading journal, a feature absent in Merrill Edge. Meanwhile, Merrill Edge offers 285 fields for watch lists, providing broader categorization than Fidelity's 92. Both lack paper trading capabilities, but each provides useful tools for technical analysis. Overall, Fidelity scores higher due to its wider array of downloadable platforms, greater number of technical indicators and drawing tools, and the addition of a trading journal, making it a preferred choice for more versatile trading needs.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info No No
Watch Lists - Total Fields info 92 285
Charting - Indicators / Studies info 129 105
Charting - Drawing Tools info 38 23
Platforms & Tools 4.5/5 Stars 4/5 Stars

Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

Fidelity and Merrill Edge both excel in offering a wide array of educational resources for new investors. Both platforms provide educational materials for stocks, ETFs, options, mutual funds, and bonds. For those who enjoy learning through videos and webinars, you'll find quality content on both platforms. They also include interactive tools like educational quizzes that help reinforce knowledge. One notable difference is that Fidelity offers the ability for users to track their learning progress, which can be a useful feature for those who want to monitor their educational journey.

Despite the similarity in educational offerings, Fidelity edges out with a higher education rating and ranking. It earns a full 5-star rating and is ranked #2 for investor education by StockBrokers.com, whereas Merrill Edge receives a 4.5-star rating and is ranked at #5. This slight difference could be attributed to Fidelity's additional features, like progress tracking, which helps users better engage with their learning path. While neither platform offers paper trading, both provide essential resources to support new investors looking to navigate the world of trading.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When choosing between the stock trading apps of Fidelity and Merrill Edge, Fidelity emerges as the slightly more comprehensive option. Offering a host of features designed for mobile traders, Fidelity stands out with its Apple Watch app, streaming live TV, and videos on demand, which Merrill Edge does not provide. Additionally, Fidelity's app allows for more customization and advanced charting options, with 119 technical studies compared to Merrill Edge's 34, giving users a more detailed analytical experience. As a result, StockBrokers.com ranks Fidelity as the third best among 15 brokers, whereas Merrill Edge comes in at sixth place.

Both Fidelity and Merrill Edge cater to mobile users with apps available for iPhone and Android devices, supporting mobile options trading and after-hours stock trading access. Each app provides stock alerts, customizable watch lists, and the ability to view charts in landscape mode across multiple time frames. Furthermore, both apps offer real-time streaming quotes, ensuring that traders can stay updated with live market data.

However, the differences become apparent with the advanced features. Fidelity enables users to customize watch list columns and access after-hours charting, capabilities not found in Merrill Edge's app. Fidelity's inclusion of additional tools like stock comparisons on charts and more expansive charting studies highlights its edge for traders seeking a more comprehensive app experience. Moreover, the enhanced multimedia capabilities that Fidelity offers give users greater flexibility and resources for informed trading decisions.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes No
Charting - Technical Studies info 119 34
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When examining the account fees and charges between Fidelity and Merrill Edge, it's clear that both platforms offer appealing features to investors with slight variations in specific areas. Both Fidelity and Merrill Edge have eliminated minimum deposit requirements, making it easy for investors to start trading. They also offer commission-free stock trades and charge the same rate of $0.65 per options contract, ensuring low trading costs. However, a notable difference is in the IRA closure fee, with Fidelity charging nothing whereas Merrill Edge imposes a $49.95 fee.

Both platforms offer free account transfers (ACAT) whether partial or full, ensuring flexibility for investors looking to move their assets between different brokerages. The cost-free options exercise and assignment fees further align the services of Fidelity and Merrill Edge, creating a seamless trading experience. Despite these similarities, Fidelity stands out with consistently transparent rates for margin balances at various levels, whereas Merrill Edge's fees vary depending on individual circumstances.

For investors needing margin accounts, Fidelity provides clear rate percentages, starting at 13.075% for balances below $25,000, while offering slightly lower rates as balances increase. In comparison, Merrill Edge's varied rates necessitate further inquiry for specific margin rate information. Overall, Fidelity offers a more predictable fee structure with zero charges on numerous standard services, although both platforms provide competitive offerings suited to a range of investor needs.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.65
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $49.95

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing the day trading capabilities of Fidelity and Merrill Edge, several key features come into play. Both platforms provide streaming time and sales for stocks and level 2 quotes, essential for active traders. Fidelity takes it a step further by offering streaming live TV and direct market routing for stocks, giving traders more flexibility and comprehensive market insights. The availability of trading hotkeys on Fidelity also enhances the efficiency of executing trades swiftly, which is absent on Merrill Edge. Additionally, Fidelity includes a short locator tool for real-time availability of shares to short, a helpful resource not provided by Merrill Edge.

Both Fidelity and Merrill Edge support basic strategy backtesting, allowing traders to test their strategies historically. However, neither platform offers ladder trading or advanced strategy backtesting, keeping them on equal footing in these aspects. While some features are shared, such as the absence of order liquidity rebates, Fidelity seems to have the upper hand with more functionalities specifically beneficial to day traders, making it a more appealing choice for those looking to leverage all available tools in a competitive market.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes Yes
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, Fidelity and Merrill Edge both shine, offering a wide array of research tools and resources to their clients. They each deliver extensive research on stocks, ETFs, mutual funds, pink sheets/OTCBB, and bonds. Both platforms allow investors to view portfolio allocation by asset class and offer screeners for trade ideas across various investment types. However, Fidelity edges ahead slightly with unique features like social media sentiment data for stock research, and more downloadable PDF reports on stocks and ETFs compared to Merrill Edge.

Both Fidelity and Merrill Edge provide comprehensive access to essential market data and analysis. Each brand excels in offering downloadable reports for ETFs and multiple strategies for mutual fund and bond screening. Even though Merrill Edge offers downloadable reports for mutual funds which Fidelity doesn’t, Fidelity compensates with eleven downloadable reports for stocks, compared to Merrill Edge’s three. Furthermore, both brokers stand strong with perfect five-star ratings for market research.

Despite the shared five-star ratings, StockBrokers.com ranks Fidelity slightly higher than Merrill Edge due to its broader spectrum of tools and innovative features. Fidelity secures the number three spot out of 15 brokers, while Merrill Edge follows closely at number five. Overall, for investors seeking detailed and varied research offerings with advanced analytics, Fidelity might be the slightly better choice, although Merrill Edge remains a solid contender with its comprehensive market research offerings.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Bonds info Yes Yes
Screener - Bonds info Yes Yes
Research 5/5 Stars 5/5 Stars

Banking

When it comes to banking features, Merrill Edge stands out with both checking and savings accounts, services that Fidelity does not provide. Both brokers offer debit and credit cards, making spending and payment convenient no matter which platform you choose. If you're considering mortgage loans, you will find both Fidelity and Merrill Edge meeting your needs. Additionally, both companies offer Certificates of Deposit (CDs), so you have options for potentially boosting your savings with either broker. Overall, for those seeking comprehensive banking options, Merrill Edge might have the edge thanks to its added checking and savings account features alongside what both companies already offer.

Feature Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes Yes
CDs info Yes Yes

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that Fidelity is better than Merrill Edge. Fidelity finished with an overall score of 96.2%, while Merrill Edge finished with a score of 92.7%.

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

FAQs

Can you trade cryptocurrency with Fidelity or Merrill Edge?

Fidelity provides crypto trading with access to 3 different coins, while Merrill Edge does not offer any crypto trading options.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or Merrill Edge offer IRAs?

Fidelity and Merrill Edge both offer traditional and Roth IRA accounts with no annual fees; however, while Fidelity does not charge a closure fee, Merrill Edge charges $49.95 when closing IRA accounts.

Dive deeper: Best IRA Accounts for 2025

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Overall Rating Fidelity Merrill Edge
Overall 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 5/5 Stars
Customer Service 4.5/5 Stars 4.0/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Fidelity Review Merrill Edge Review
Broker Screenshots Fidelity Merrill Edge
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Fidelity Merrill Edge
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A
Mutual Fund Trade Fee info Varies info Varies info
Options (Per Contract) info $0.65 $0.65
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $32.95 $29.95
Margin Rates Fidelity Merrill Edge
Margin Rate Under $25,000 info 13.075% Varies info
Margin Rate $25,000 to $49,999.99 info 12.575% Varies info
Margin Rate $50,000 to $99,999.99 info 12.125% Varies info
Margin Rate $100,000 to $249,999.99 info 11.575% Varies info
Margin Rate $250,000 to $499,999.99 info 11.325% Varies info
Margin Rate $500,000 to $999,999.99 info 9.00% Varies info
Margin Rate Above $1,000,000 info 8.75% Varies info
Account Fees Fidelity Merrill Edge
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $49.95
Account Transfer Out (Partial) info $0.00 $0.00
Account Transfer Out (Full) info $0.00 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Fidelity Merrill Edge
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Mutual Funds (No Load) info 5843 2952
Mutual Funds (Total) info 10000 3466
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes Yes
International Countries (Stocks) info 25 0
Order Types Fidelity Merrill Edge
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes Yes
Beginners Fidelity Merrill Edge
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes Yes
Stock Trading Apps Fidelity Merrill Edge
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Fidelity Merrill Edge
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting Fidelity Merrill Edge
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 34
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms Fidelity Merrill Edge
Active Trading Platform info Active Trader Pro Merrill Edge Market Pro
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info Yes No
Watch Lists - Total Fields info 92 285
Stock Chart Features Fidelity Merrill Edge
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 129 105
Charting - Drawing Tools info 38 23
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info Yes Yes
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 5 8
Charting - Custom Studies info No No
Day Trading Fidelity Merrill Edge
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info No No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes Yes
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview Fidelity Merrill Edge
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Bonds info Yes Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research Fidelity Merrill Edge
Stock Research - PDF Reports info 11 3
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes Yes
Stock Research - SEC Filings info Yes Yes
ETF Research Fidelity Merrill Edge
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes Yes
Mutual Fund Research Fidelity Merrill Edge
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes Yes
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading Fidelity Merrill Edge
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 26 68
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking Fidelity Merrill Edge
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes Yes
Customer Service Fidelity Merrill Edge
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes Yes
Overall Fidelity Merrill Edge
Overall 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Fidelity Review Merrill Edge Review
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