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Fidelity vs Merrill Edge 2025

StockBrokers.com

Written by StockBrokers.com

September 17, 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 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 Fidelity logoFidelity
Merrill Edge logoMerrill Edge
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) 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: A Beginner-Friendly Guide to an Advanced Market

Trading platforms and tools

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 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 Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025

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Beginners and education

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 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 (Fixed Income) info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes No
Education 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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 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 128 34
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 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 - Equities 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 of 2025 for Beginners and Active Traders

Market Research

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 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 - Fixed Income info Yes Yes
Screener - Fixed Income 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
Brokerage CDs info Yes Yes

Dive deeper: Best Brokerage Checking Accounts for 2025

Winner

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.

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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Compare

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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
Broker 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 12.575% Varies info
Margin Rate $25,000 to $49,999.99 info 12.075% Varies info
Margin Rate $50,000 to $99,999.99 info 11.125% Varies info
Margin Rate $100,000 to $249,999.99 info 11.075% Varies info
Margin Rate $250,000 to $499,999.99 info 10.825% Varies info
Margin Rate $500,000 to $999,999.99 info 8.500% Varies info
Margin Rate Above $1,000,000 info 8.250% 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
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) 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 Yes info No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Fixed Income (Treasurys) info Yes Yes
Fixed Income (Corporate Bonds) info Yes Yes
Fixed Income (Municipal Bonds) 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 (Fixed Income) 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 No
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 128 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 - 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 - Equities info Yes No
Ladder Trading info No No
Trade Hot Keys 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 - Fixed Income info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Fixed Income info Yes Yes
Portfolio Asset Allocation info Yes Yes
Stock Research Fidelity Merrill Edge
Stock Research - PDF Reports info 7 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 - Investment Objective info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Total 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 - Investment Objective 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 - Total Greeks info 5 5
Option Analysis - P&L Charts 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 (Prospective Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospective 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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