Fidelity vs Merrill Edge 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.
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.
When it comes to selecting an online broker, Fidelity emerges as a standout option compared to Merrill Edge, particularly in terms of investment choices. While both platforms offer stock and margin trading, Fidelity edges ahead by providing fractional shares trading and access to cryptocurrency markets, offering three different coins for trading. Conversely, Merrill Edge does not provide these options. Despite both brokers offering mutual funds, options trading, and over-the-counter (OTC) stocks, Fidelity's broader spectrum of investment opportunities earns it a higher rating for range of investments, with 5 stars compared to Merrill Edge's 4.5 stars.
Fidelity and Merrill Edge both cater to investors seeking traditional investment vehicles with comprehensive offerings of mutual funds, as well as traditional and Roth IRA accounts. They each offer options trading and OTC stocks, catering to a wide range of investment strategies. However, while Fidelity enables investors to engage in forex trading, Merrill Edge falls short in this area. On the flip side, neither platform supports futures trading, maintaining a level playing field in that respect.
For investors seeking personalized assistance, both Fidelity and Merrill Edge provide advisor services, ensuring that users have access to expert guidance regardless of which platform they choose. According to rankings by StockBrokers.com, Fidelity is placed third out of 14 brokers for its range of investments, showcasing its strong market position. Merrill Edge, while still providing a solid array of options, is ranked seventh. Ultimately, Fidelity’s slightly more comprehensive offerings might appeal to those looking for an extensive variety of investment options.
Feature |
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Stock Trading | Yes | Yes |
Account Feature - Margin Trading | Yes | Yes |
Fractional Shares (Stocks) | Yes | No |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 3 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When choosing between Fidelity and Merrill Edge for trading platforms and tools, Fidelity tends to emerge as the more versatile option. Ranked fourth among 14 brokers by StockBrokers.com and boasting a 4.5-star rating, Fidelity offers a broad range of features, including downloadable platforms for both Windows and Mac users, an extensive set of technical indicators and drawing tools, as well as a trading journal. Meanwhile, Merrill Edge, with a 4-star rating and ranked sixth, doesn't offer downloadable platforms but matches Fidelity in browser-based trading features, offering some unique elements such as more columns for watch lists and additional customization fields for simple moving average studies.
Merrill Edge and Fidelity both feature strong browser-based trading platforms, allowing users to trade without installations directly from the web. Despite not offering downloadable desktop applications, Merrill Edge provides a comprehensive array of customization options, especially for watch lists, with 285 available fields compared to Fidelity's 92. Besides, both platforms support adjusting open orders on stock charts, adding notes, displaying historical trades and corporate events, and allowing for custom date ranges. However, in terms of technical indicators and drawing tools, Fidelity has the edge, providing 129 indicators and 38 tools, compared to Merrill Edge’s 105 indicators and 23 drawing tools.
Although neither platform offers paper trading or the ability to create custom studies, Fidelity compensates with bonuses like a trading journal and the capability to save multiple chart profiles. Fidelity also supports more advanced stock chart customizations, albeit with slightly fewer customization fields for moving average studies than Merrill Edge. Overall, Fidelity’s extensive platform support and features make it a strong contender for traders seeking comprehensive tools, while Merrill Edge’s unique offerings might appeal to those focusing more on customization and ease of use within a browser-based environment.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 92 | 285 |
Charting - Indicators / Studies | 129 | 105 |
Charting - Drawing Tools | 38 | 23 |
Platforms & Tools |
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Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
When considering online brokerage platforms for beginner education and investor learning, Fidelity and Merrill Edge both offer a comprehensive array of educational resources. Fidelity provides extensive stock, ETF, options, mutual funds, and bonds education, complemented by engaging educational videos, interactive webinars, and quizzes. Additionally, it offers a feature to track your learning progress, which can be a great advantage for learners who like to monitor their advancements. Merrill Edge also matches Fidelity in offering education across various investment products and includes helpful educational videos and quizzes. However, Merrill Edge does not offer webinars or a system to track learning progress, which might be a consideration for those who prefer structured learning paths.
Both platforms receive high marks for their educational offerings. Fidelity is rated five stars for education, reflecting its extensive resources and supportive features, and is ranked #2 out of 14 brokers by StockBrokers.com. On the other hand, Merrill Edge earns a commendable 4.5 stars and is ranked #5. While both brokers excel in providing foundational investment education, Fidelity's additional learning aids such as webinars and progress tracking may make it the preferable choice for beginners who value a more dynamic and trackable learning experience. However, it is worth noting that neither platform offers paper trading for those interested in practicing trades without financial risk.
Feature |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | Yes |
Education (Fixed Income) | Yes | Yes |
Paper Trading | No | No |
Videos | Yes | Yes |
Webinars | Yes | No |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When it comes to choosing between Fidelity and Merrill Edge for a stock trading app, Fidelity holds a slight edge in certain areas. Both brokers offer iPhone and Android apps, but Fidelity goes further with an Apple Watch app. Fidelity also excels by providing features such as mobile after-hours trading, streaming live TV, videos on demand, customizable watch list columns, and more extensive charting options, including a whopping 128 technical studies compared to Merrill Edge's 34. Both apps allow for mobile options trading, streaming quotes, and custom watch lists, but Fidelity's extra perks lead to a 5-star rating, compared to Merrill Edge's 4.5 stars, as well as a higher ranking by StockBrokers.com.
Fidelity's app is loaded with features that cater to active traders wanting a comprehensive mobile experience. The app offers mobile after-hours stock trading, enhanced charting capabilities, including viewing in landscape mode and displaying stock comparisons. Users can also take advantage of extensive technical studies on charts, a feature that seasoned investors will find beneficial. Customizations abound with the ability to create and customize watch lists, which helps users track and manage their portfolios efficiently.
Merrill Edge, while not as feature-rich as Fidelity, still offers a commendable mobile experience. It supports both iPhone and Android platforms and provides key functionalities like mobile options trading and streaming quotes. Users can create custom watch lists and view charts in multiple time frames. However, the absence of an Apple Watch app, along with fewer charting features and no streaming live TV, might be a limiting factor for users who seek a more fully loaded app. Despite these shortcomings, its user-friendly interface and solid performance give it a competitive edge, securing a respectable position in StockBrokers.com's rankings.
Feature |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | No |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 128 | 34 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing Fidelity and Merrill Edge, both stand strong in offering no minimum deposit requirements and zero fees for regular stock trades, making them both attractive options for new and seasoned investors. Fidelity and Merrill Edge are on the same page when it comes to offering cost-effective options trading, each charging $0.65 per contract. That said, a key distinction arises in their approach to margin balances. Fidelity provides a clear and structured rate for margin balances, while Merrill Edge's fees vary. Furthermore, Fidelity provides a more user-friendly experience regarding IRA-related fees, offering no charges for IRA closure, unlike Merrill Edge, which imposes a $49.95 fee.
Both brokers ensure seamless account management by offering zero fees for partial and full account transfers, aligning perfectly with an investor's need for flexibility. Additionally, neither broker imposes fees for options exercise or assignment, facilitating cost-effective trading activities. Fidelity takes a slight edge in terms of clarity and simplicity with its straightforward charges, particularly regarding margin balance rates. Meanwhile, investors who prioritize overall fee transparency may find Fidelity's lack of IRA closure fees more appealing.
Overall, your choice between Fidelity and Merrill Edge may hinge on your specific investment strategy and requirements. Fidelity's transparency with margins and IRA closures can be more predictable, which might be preferable for those seeking a more straightforward fee structure. On the other hand, if the flexibility or specific services of Merrill Edge better suit your needs, their varying fees might not pose as much of a concern. Ultimately, both brokers deliver competitive offerings suitable for different investor preferences.
Feature |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.65 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $49.95 |
Dive deeper: Best Free Trading Platforms for 2025
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 |
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Streaming Time & Sales | Yes | Yes |
Streaming TV | Yes | No |
Direct Market Routing - Equities | Yes | No |
Level 2 Quotes - Stocks | Yes | Yes |
Trade Ideas - Backtesting | Yes | Yes |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms of 2025 for Beginners and Active Traders
Fidelity and Merrill Edge both offer comprehensive research capabilities to their users, making them top choices for investors seeking detailed market insights. With both platforms supporting research across various investment types, such as stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds, choosing between them can be challenging. However, Fidelity stands out with additional features such as social media sentiment data and seven downloadable PDF stock research reports compared to Merrill Edge's three. Overall, each broker is rated five stars for market research, with Fidelity ranked slightly higher at third compared to Merrill Edge's fifth place by StockBrokers.com.
When it comes to the breadth of research offered, Fidelity and Merrill Edge cover a wide range of investment options. Investors can explore detailed research on stocks, ETFs, pink sheets, and bond markets through both brokers. Additionally, both platforms allow users to see their portfolio allocations by asset class, enabling a comprehensive approach to investment strategies. ESG research is also supported by both brokers, ensuring that socially conscious investors have the data they need to make informed decisions.
For those looking to delve deeper into trade ideas, both Fidelity and Merrill Edge offer screeners for stocks, ETFs, mutual funds, and bonds. While both platforms provide downloadable PDF research reports for ETFs, fidelity takes a slight edge by offering social media sentiment data, giving users an extra layer of analytical depth. Merrill Edge, on the other hand, provides downloadable PDF research reports for mutual funds, a feature not available with Fidelity. With both brokers delivering strong performances in market research, investors can confidently choose the one that best aligns with their specific research and investment needs.
Feature |
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | Yes |
Research - Mutual Funds | Yes | Yes |
Screener - Mutual Funds | Yes | Yes |
Research - Fixed Income | Yes | Yes |
Screener - Fixed Income | Yes | Yes |
Research |
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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 |
|
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Checking Accounts | No | Yes |
Savings Accounts | No | Yes |
Debit Cards | Yes | Yes |
Credit Cards | Yes | Yes |
Mortgage Loans | Yes | Yes |
Brokerage CDs | Yes | Yes |
Dive deeper: Best Brokerage Checking Accounts for 2025
After opening live accounts and testing 14 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.
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
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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0 of 5Overall Rating | Fidelity | Merrill Edge | |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | Fidelity Review | Merrill Edge Review |
Broker Screenshots | Fidelity | Merrill Edge | |
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Broker Gallery (click to expand) |
Trading Fees | Fidelity | Merrill Edge | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.00 | N/A | |
Mutual Fund Trade Fee | Varies | Varies | |
Options (Per Contract) | $0.65 | $0.65 | |
Futures (Per Contract) | (Not offered) | (Not offered) | |
Broker Assisted Trade Fee | $32.95 | $29.95 |
Margin Rates | Fidelity | Merrill Edge | |
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Margin Rate Under $25,000 | 12.575% | Varies | |
Margin Rate $25,000 to $49,999.99 | 12.075% | Varies | |
Margin Rate $50,000 to $99,999.99 | 11.125% | Varies | |
Margin Rate $100,000 to $249,999.99 | 11.075% | Varies | |
Margin Rate $250,000 to $499,999.99 | 10.825% | Varies | |
Margin Rate $500,000 to $999,999.99 | 8.500% | Varies | |
Margin Rate Above $1,000,000 | 8.250% | Varies |
Account Fees | Fidelity | Merrill Edge | |
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IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $49.95 | |
Account Transfer Out (Partial) | $0.00 | $0.00 | |
Account Transfer Out (Full) | $0.00 | $0.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Fidelity | Merrill Edge | |
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Stock Trading | Yes | Yes | |
Account Feature - Margin Trading | Yes | Yes | |
Fractional Shares (Stocks) | Yes | No | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | No | No | |
Forex Trading | Yes | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 3 | 0 | |
Fixed Income (Treasurys) | Yes | Yes | |
Fixed Income (Corporate Bonds) | Yes | Yes | |
Fixed Income (Municipal Bonds) | Yes | Yes | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | Yes | |
International Countries (Stocks) | 25 | 0 |
Order Types | Fidelity | Merrill Edge | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | Fidelity | Merrill Edge | |
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Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | Yes | |
Education (Fixed Income) | Yes | Yes | |
Education (Retirement) | Yes | Yes | |
Retirement Calculator | Yes | Yes | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | Yes | Yes | |
Webinars | Yes | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | Yes | Yes |
Stock Trading Apps | Fidelity | Merrill Edge | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | No |
Stock App Features | Fidelity | Merrill Edge | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | Yes | No | |
Videos on Demand | Yes | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | No |
Stock App Charting | Fidelity | Merrill Edge | |
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Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 128 | 34 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | Yes |
Trading Platforms | Fidelity | Merrill Edge | |
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Active Trading Platform | Active Trader Pro | Merrill Edge Market Pro | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | Yes | No | |
Watch Lists - Total Fields | 92 | 285 |
Stock Chart Features | Fidelity | Merrill Edge | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 129 | 105 | |
Charting - Drawing Tools | 38 | 23 | |
Charting - Notes | Yes | Yes | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | Yes | |
Charting - Custom Date Range | Yes | Yes | |
Charting - Custom Time Bars | Yes | Yes | |
Charting - Automated Analysis | Yes | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | Yes | |
Charting - Study Customizations | 5 | 8 | |
Charting - Custom Studies | No | No |
Day Trading | Fidelity | Merrill Edge | |
---|---|---|---|
Streaming Time & Sales | Yes | Yes | |
Streaming TV | Yes | No | |
Direct Market Routing - Equities | Yes | No | |
Ladder Trading | No | No | |
Trade Hot Keys | Yes | No | |
Level 2 Quotes - Stocks | Yes | Yes | |
Trade Ideas - Backtesting | Yes | Yes | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | Fidelity | Merrill Edge | |
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Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | Yes | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Fixed Income | Yes | Yes | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | Yes | Yes | |
Screener - Mutual Funds | Yes | Yes | |
Screener - Fixed Income | Yes | Yes | |
Portfolio Asset Allocation | Yes | Yes |
Stock Research | Fidelity | Merrill Edge | |
---|---|---|---|
Stock Research - PDF Reports | 7 | 3 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | Yes | |
Stock Research - Social | Yes | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | Yes | Yes | |
Stock Research - SEC Filings | Yes | Yes |
ETF Research | Fidelity | Merrill Edge | |
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ETFs - Investment Objective | Yes | Yes | |
ETF Fund Facts - Inception Date | Yes | Yes | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Total Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | Yes | |
ETFs - Top 10 Holdings | Yes | Yes | |
ETFs - Sector Exposure | Yes | Yes | |
ETFs - Risk Analysis | Yes | Yes | |
ETFs - Ratings | Yes | Yes | |
ETFs - Morningstar StyleMap | Yes | Yes | |
ETFs - PDF Reports | Yes | Yes |
Mutual Fund Research | Fidelity | Merrill Edge | |
---|---|---|---|
Mutual Funds - Investment Objective | Yes | Yes | |
Mutual Funds - Performance Chart | Yes | Yes | |
Mutual Funds - Performance Analysis | Yes | Yes | |
Mutual Funds - Prospectus | Yes | Yes | |
Mutual Funds - 3rd Party Ratings | Yes | Yes | |
Mutual Funds - Fees Breakdown | Yes | Yes | |
Mutual Funds - Top 10 Holdings | Yes | Yes | |
Mutual Funds - Asset Allocation | Yes | Yes | |
Mutual Funds - Sector Allocation | Yes | Yes | |
Mutual Funds - Country Allocation | Yes | Yes | |
Mutual Funds - StyleMap | Yes | Yes |
Options Trading | Fidelity | Merrill Edge | |
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Option Chains - Total Greeks | 5 | 5 | |
Option Analysis - P&L Charts | Yes | Yes |
Banking | Fidelity | Merrill Edge | |
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Bank (Member FDIC) | No | Yes | |
Checking Accounts | No | Yes | |
Savings Accounts | No | Yes | |
Credit Cards | Yes | Yes | |
Debit Cards | Yes | Yes | |
Mortgage Loans | Yes | Yes |
Customer Service | Fidelity | Merrill Edge | |
---|---|---|---|
Phone Support (Prospective Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | No | |
Live Chat (Prospective Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | Yes |
Overall | Fidelity | Merrill Edge | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | Fidelity Review | Merrill Edge Review |