Written by StockBrokers.com
In this head to head comparison of Merrill Edge vs Interactive Brokers, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When deciding between Merrill Edge and Interactive Brokers for your investment needs, each platform presents unique strengths tailored to different investor preferences. While both offer comprehensive solutions, Interactive Brokers edges out Merrill Edge in overall investment options with a perfect 5-star rating compared to Merrill Edge's 4.5 stars. Ranked as the top broker for investment options by StockBrokers.com, Interactive Brokers provides a more extensive range of trading opportunities, including fractional shares, forex, futures, and cryptocurrencies, which Merrill Edge does not offer. However, Merrill Edge compensates with its robust advisor services, a feature missing from Interactive Brokers, suggesting its suitability for those requiring tailored financial advice.
Merrill Edge supports stock and margin trading, options, mutual funds, OTC stocks, and offers both traditional and Roth IRA accounts. Although it falls short on newer trading instruments such as crypto, with no coins available, customers who value established investment avenues alongside personalized guidance will find value in its offerings. The inclusion of advisory services makes Merrill Edge an attractive platform for investors who seek personalized financial planning and advice.
On the other hand, Interactive Brokers delivers an expansive range of investment products including the trading of stocks, options, margin, mutual and OTC stocks, and notably, futures, forex, and crypto, covering four cryptocurrencies. Interactive Brokers' comprehensive offerings, backed by their strong rankings and ratings, cater to seasoned investors looking for diverse, global trading instruments beyond the traditional confines. Despite lacking advisor services, Interactive Brokers’ breadth of investment opportunities is unmatched, offering an extensive toolkit for self-directed investors and professional traders.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Margin Trading | Yes | Yes |
| Fractional Shares | No | Yes |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | No | Yes |
| Crypto Trading | No | Yes |
| Crypto Trading - Total Coins | 0 | 4 |
| Investment Options |
|
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Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
For investors seeking robust trading platforms and tools, Interactive Brokers stands out as a superior choice when compared to Merrill Edge. Interactive Brokers boasts a wider array of features, including desktop downloadable platforms for both Windows and Mac users, a comprehensive browser-based platform, and paper trading capabilities. The platform supports an impressive 659 columns for watch lists, providing users with extensive customization options. Moreover, Interactive Brokers offers a rich selection of charting tools, featuring 155 technical indicators and 85 drawing tools, along with essential functionalities such as the ability to save multiple chart profiles, display historical trades, and set custom date ranges. These superior offerings contribute to its 5-star rating and top ranking by StockBrokers.com.
Merrill Edge, despite offering a commendable 4.5-star rating and being ranked fifth by StockBrokers.com, falls short in several areas compared to Interactive Brokers. Although it provides a satisfactory browser-based trading platform, it lacks the downloadable options and paper trading features that Interactive Brokers excels in. Merrill Edge offers 285 watch list columns, which, while comprehensive, are fewer than Interactive Brokers. Its charting capabilities include 104 technical indicators and 23 drawing tools, and while it includes many of the same essential charting features such as index overlays and historical trade displays, it does not support the creation of custom studies, limiting the depth of analysis for advanced traders.
Both Merrill Edge and Interactive Brokers provide features like the ability to adjust open orders directly on a stock chart, add notes to charts, and include corporate events in analysis. Interactive Brokers, however, edges ahead with a broader range of charting indicators and tools, enhancing analytical opportunities for traders. Additionally, with features like more customizable fields for SMA studies, albeit fewer than Merrill Edge in this specific area, Interactive Brokers caters effectively to the needs of traders looking for a versatile and comprehensive trading experience. Ultimately, while both platforms offer robust capabilities, Interactive Brokers presents a more extensive suite of tools, making it the preferred choice for traders seeking advanced platform functionality.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | No | Yes |
| Desktop Platform (Mac) | No | Yes |
| Paper Trading | No | Yes |
| Watch Lists - Total Fields | 285 | 659 |
| Charting - Indicators / Studies | 104 | 155 |
| Charting - Drawing Tools | 23 | 85 |
| Platforms & Tools |
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Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
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When comparing Merrill Edge and Interactive Brokers for beginner and investor education capabilities, both platforms provide comprehensive educational resources that include stock, ETF, options, mutual funds, and bonds education. In addition, both offer engaging educational videos, webinars, and quizzes to enhance user learning. However, Merrill Edge does not provide paper trading opportunities or the ability to track learning progress, while Interactive Brokers excels in these areas, offering both features to support users' educational journeys.
Despite Interactive Brokers offering more interactive learning features, Merrill Edge is rated slightly higher, with a 5-star education rating compared to Interactive Brokers' 4.5 stars. According to StockBrokers.com, Merrill Edge ranks as the second-best among 18 brokers for education, while Interactive Brokers holds the fifth position. These rankings reflect Merrill Edge's strong emphasis on delivering quality educational content tailored for beginners and investors alike, while Interactive Brokers provides a more hands-on approach with its additional practical learning tools.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | Yes |
| Education (Bonds) | Yes | Yes |
| Paper Trading | No | Yes |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When choosing between Merrill Edge and Interactive Brokers for stock trading app capabilities, potential users should consider several features and differentials. Both platforms boast top ratings of five stars for their stock trading apps. However, Interactive Brokers take the top rank as the number one app among 18 brokers reviewed by StockBrokers.com, while Merrill Edge secures the fifth position. This high ranking underscores Interactive Brokers' more comprehensive feature set, despite Merrill Edge still delivering a robust and well-rated performance. Ultimately, the choice may hinge on specific needs and preferences regarding the additional features each app offers.
Both Merrill Edge and Interactive Brokers provide iPhone and Android apps, ensuring compatibility across major mobile operating systems. Interactive Brokers goes a step further by offering an Apple Watch app. While both brokers support mobile options trading and provide important mobile stock trading functionalities like after-hours trading, Merrill Edge allows stock comparisons on charts in its mobile app, unlike Interactive Brokers. However, Interactive Brokers compensates with other unique advantages including streaming live TV, videos on demand, and mobile after-hours charting.
Charting and analysis capabilities differ between the two brokers as well. Merrill Edge supports charts in landscape mode, offers multiple time frames, and includes 34 technical studies in its app, while Interactive Brokers elevates its offering with a richer selection of 97 technical studies and the ability to customize watch list columns. Although both allow stock alerts and creating custom watch lists, Interactive Brokers’ suite of features notably enriches the user experience with a broader array of advanced toolsets for serious traders. Each app provides robust features catering to different user preferences in the dynamic trading environment.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | No | Yes |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | No | Yes |
| Charting - Technical Studies | 34 | 97 |
| Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps of 2024
When evaluating online brokers for their account fees and additional charges, both Merrill Edge and Interactive Brokers offer compelling features that will appeal to cost-conscious investors. Both platforms commendably require no minimum deposit and charge zero commissions on regular stock trades, levying an industry-standard $0.65 per options contract. However, notable differences emerge in other fees, such as IRA closure fees, with Merrill Edge charging $49.95 compared to Interactive Brokers’ free offering. Interestingly, while Merrill Edge’s margin rates are variable, Interactive Brokers presents a clear 7.83% rate, providing transparency to investors with lower margin balances.
Both Merrill Edge and Interactive Brokers shine with fee-free IRA annual maintenance and zero charges on ACAT transfers, whether partial or full. Furthermore, they maintain parity with no options exercise or assignment fees, adding to their appeal for options traders. This streamlined fee structure allows investors to manage their portfolios more efficiently, as they don't have to worry about unexpected costs eating into their returns.
When it comes to margin account charges, Interactive Brokers provides a set rate of 7.83% for balances below $100,000, ensuring predictability for traders utilizing margin. Merrill Edge takes a different approach with variable rates, which may offer advantages depending on market conditions. For those prioritizing clear and predictable costs, Interactive Brokers might seem more attractive, whereas those looking for potential fluctuations in rates might consider Merrill Edge as a viable alternative. Each platform, in its own right, provides solid benefits, catering to diverse trader needs and preferences.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| 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 | $49.95 | $0.00 |
| Commissions & Fees |
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Dive deeper: Best Brokers for Free Stock Trading of 2024
When comparing the day trading capabilities of Merrill Edge and Interactive Brokers, several distinct features set them apart. Both platforms offer streaming time and sales for stocks and level 2 quotes, providing essential data for active traders. Furthermore, they each provide basic strategy backtesting, allowing traders to test their strategies in a historical context. However, Interactive Brokers takes day trading to a more advanced level with features such as streaming live TV, direct market routing, ladder trading, and the ability to utilize trading hotkeys for swift trade execution, all of which are absent in Merrill Edge.
Interactive Brokers further differentiates itself with a comprehensive toolset for traders seeking an edge. The platform offers advanced strategy backtesting and a short locator tool, enabling users to access real-time availability of shares for shorting. Additionally, Interactive Brokers provides order liquidity rebates, which can translate to cost savings for high-frequency traders. While Merrill Edge offers solid foundational tools for traders, Interactive Brokers caters to those seeking a more comprehensive and advanced trading experience.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | No | Yes |
| Direct Market Routing - Stocks | No | Yes |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | Yes | Yes |
| Trade Ideas - Backtesting Adv | No | Yes |
| Short Locator | No | Yes |
Dive deeper: Best Day Trading Platforms of 2024
Both Merrill Edge and Interactive Brokers offer robust market research capabilities, with each placing high on rankings by StockBrokers.com—Merrill Edge coming in at #4 and Interactive Brokers at #2. Although both platforms receive a strong five-star rating for their market research prowess, Interactive Brokers stands out with a wider range of stock research reports and the inclusion of social media sentiment data in their analysis. However, Merrill Edge matches its competitor well in areas such as research for stocks, ETFs, mutual funds, and offering a variety of screeners for trade ideas across assets.
Merrill Edge provides comprehensive market research, including stock, ETF, mutual fund, bonds, and Pink Sheets/OTCBB research. The platform allows users to delve into ESG research and visualize portfolio allocation by asset class. While Merrill Edge offers three downloadable PDF research reports for stocks, Interactive Brokers provides a more extensive array with 17 downloadable reports. Merrill Edge also supports various screeners for generating trade ideas, reinforcing its versatility.
Interactive Brokers differentiates itself by incorporating innovative data through social media sentiment analysis, increasing the depth of stock research available to investors. The platform also offers 17 downloadable PDF research reports for stocks, eclipsing Merrill Edge’s offerings in this area. Like Merrill Edge, Interactive Brokers provides ETF, mutual fund, and bonds research and has the capability to analyze portfolio allocation by asset class. Additionally, the platform supports all necessary screeners for exploring trade ideas, making it a comprehensive choice for diverse market research needs.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| 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 - Bonds | Yes | Yes |
| Screener - Bonds | Yes | Yes |
| Research |
|
|
When comparing the banking capabilities of Merrill Edge and Interactive Brokers, it becomes evident that Merrill Edge offers a wider range of traditional banking services. Merrill Edge provides checking and savings accounts, making it convenient for clients seeking comprehensive financial management within one platform. Additionally, Merrill Edge supports a full suite of banking products, including credit cards, debit cards, mortgage loans, and certificates of deposit (CDs). In contrast, Interactive Brokers is limited in its banking offerings, providing only debit cards and CDs. This distinction highlights Merrill Edge's robust integration of banking and brokerage services, catering to clients who value extensive banking solutions alongside their investments.
| Feature |
Merrill Edge
|
Interactive Brokers
|
|---|---|---|
| Checking Accounts | Yes | No |
| Savings Accounts | Yes | No |
| Debit Cards | Yes | Yes |
| Credit Cards | Yes | No |
| Mortgage Loans | Yes | No |
| CDs | Yes | Yes |
Dive deeper: Best Bank Brokerages of 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Merrill Edge is better than Interactive Brokers. Merrill Edge finished with an overall score of 94.0%, while Interactive Brokers finished with a score of 93.5%.
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
When comparing online brokers, Merrill Edge does not offer crypto trading, while Interactive Brokers provides options for trading four different cryptocurrencies.
Dive deeper: Best Crypto Trading Platforms of 2024
Both Merrill Edge and Interactive Brokers provide options for traditional and Roth IRA accounts without any annual fees; however, while Merrill Edge charges a $49.95 closure fee when closing an IRA account, Interactive Brokers does not impose any closure fees.
Dive deeper: Best IRA Accounts of 2024
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0 of 5| Overall Rating | Merrill Edge | Interactive Brokers | |
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| Review | Merrill Edge Review | Interactive Brokers Review |
| Broker Screenshots | Merrill Edge | Interactive Brokers | |
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| Trading Fees | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | N/A | $0.00 | |
| Mutual Fund Trade Fee | Varies | $14.95 | |
| Options (Per Contract) | $0.65 | $0.65 | |
| Futures (Per Contract) | (Not offered) | $0.85 | |
| Broker Assisted Trade Fee | $29.95 | $30 |
| Margin Rates | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Margin Rate Under $25,000 | Varies | 7.83% | |
| Margin Rate $25,000 to $49,999.99 | Varies | 7.83% | |
| Margin Rate $50,000 to $99,999.99 | Varies | 7.83% | |
| Margin Rate $100,000 to $249,999.99 | Varies | 7.83% | |
| Margin Rate $250,000 to $499,999.99 | Varies | 7.83% | |
| Margin Rate $500,000 to $999,999.99 | Varies | 7.83% | |
| Margin Rate Above $1,000,000 | Varies | 7.83% |
| Account Fees | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $49.95 | $0.00 | |
| 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 | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Margin Trading | Yes | Yes | |
| Fractional Shares | No | Yes | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 6 | |
| Futures Trading | No | Yes | |
| Forex Trading | No | Yes | |
| Crypto Trading | No | Yes | |
| Crypto Trading - Total Coins | 0 | 4 | |
| Mutual Funds (No Load) | 2952 | 10988 | |
| Mutual Funds (Total) | 3466 | 11456 | |
| Bonds (US Treasury) | Yes | Yes | |
| Bonds (Corporate) | Yes | Yes | |
| Bonds (Municipal) | Yes | Yes | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | No | |
| International Countries (Stocks) | 0 | 33 |
| Order Types | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| 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 | No | Yes | |
| Order Type - OTO | No | Yes | |
| Order Type - Broker Assisted | Yes | Yes |
| Beginners | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | Yes | |
| Education (Bonds) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | Yes | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | No | Yes | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Webinars (Archived) | Yes | Yes | |
| Progress Tracking | No | Yes | |
| Interactive Learning - Quizzes | Yes | Yes |
| Stock Trading Apps | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | No | Yes | |
| 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 | No | Yes |
| Stock App Features | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Market Movers (Top Gainers) | Yes | Yes | |
| Stream Live TV | No | Yes | |
| Videos on Demand | No | Yes | |
| 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 | No | Yes |
| Stock App Charting | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Charting - After-Hours | No | Yes | |
| Charting - Can Turn Horizontally | Yes | Yes | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 34 | 97 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | No |
| Trading Platforms | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Active Trading Platform | Merrill Edge Market Pro | Trader Workstation (TWS) | |
| Desktop Trading Platform | No | Yes | |
| Desktop Platform (Mac) | No | Yes | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | No | Yes | |
| Trade Journal | No | Yes | |
| Watch Lists - Total Fields | 285 | 659 |
| Stock Chart Features | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 104 | 155 | |
| Charting - Drawing Tools | 23 | 85 | |
| Charting - Notes | Yes | Yes | |
| Charting - Index Overlays | 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 | 8 | 6 | |
| Charting - Custom Studies | No | No |
| Day Trading | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | No | Yes | |
| Direct Market Routing - Stocks | No | Yes | |
| Ladder Trading | No | Yes | |
| Trade Hotkeys | No | Yes | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | Yes | Yes | |
| Trade Ideas - Backtesting Adv | No | Yes | |
| Short Locator | No | Yes | |
| Order Liquidity Rebates | No | Yes |
| Research Overview | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | Yes | Yes | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | Yes | |
| Screener - Mutual Funds | Yes | Yes | |
| Screener - Bonds | Yes | Yes | |
| Misc - Portfolio Allocation | Yes | Yes |
| Stock Research | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Stock Research - PDF Reports | 3 | 17 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | Yes | |
| Stock Research - Social | No | Yes | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | Yes | |
| Stock Research - SEC Filings | Yes | Yes |
| ETF Research | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| ETFs - Strategy Overview | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Net 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 | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Mutual Funds - Strategy Overview | 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 | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Option Chains - Basic View | Yes | Yes | |
| Option Chains - Strategy View | Yes | Yes | |
| Option Chains - Streaming | Yes | Yes | |
| Option Chains - Total Columns | 68 | 38 | |
| Option Chains - Greeks | 5 | 12 | |
| Option Chains - Quick Analysis | Yes | Yes | |
| Option Analysis - P&L Charts | Yes | Yes | |
| Option Probability Analysis | Yes | Yes | |
| Option Probability Analysis Adv | No | Yes | |
| Option Positions - Greeks | Yes | Yes | |
| Option Positions - Greeks Streaming | Yes | Yes | |
| Option Positions - Adv Analysis | Yes | Yes | |
| Option Positions - Rolling | Yes | Yes | |
| Option Positions - Grouping | Yes | Yes |
| Banking | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Bank (Member FDIC) | Yes | No | |
| Checking Accounts | Yes | No | |
| Savings Accounts | Yes | No | |
| Credit Cards | Yes | No | |
| Debit Cards | Yes | Yes | |
| Mortgage Loans | Yes | No |
| Customer Service | Merrill Edge | Interactive Brokers | |
|---|---|---|---|
| Phone Support (Prospect Customers) | No | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | No | Yes | |
| Live Chat (Prospect Customers) | Yes | No | |
| Live Chat (Current Customers) | Yes | Yes | |
| 24/7 Support | Yes | No |
| Overall | Merrill Edge | Interactive Brokers | |
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| Review | Merrill Edge Review | Interactive Brokers Review |
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