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Merrill Edge vs Public.com 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

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

Merrill Edge
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Public.com
3.5/5 Stars Overall
  • Minimum Deposit: $20.00
  • Stock Trades: $0.00 info
  • Options (Per Contract): $0.00 info

Investment options

When evaluating online brokers for investment options, Merrill Edge shines brighter with a 4.5-star rating and a #7 ranking from StockBrokers.com compared to Public.com's 3-star rating and #15 ranking. Both platforms offer stock, margin, options, and OTC stock trading, making them versatile choices for diverse investment portfolios. However, Merrill Edge takes an edge with additional offerings like mutual funds and comprehensive advisor services, while Public.com stands out by supporting fractional shares and 22 crypto coins.

Merrill Edge caters to more traditional investors by offering mutual funds and a range of retirement accounts, including traditional and Roth IRAs, which are notably absent from Public.com's array. Despite lacking in crypto trading options, Merrill Edge's comprehensive platform is tailored for investors who seek a more conventional approach with access to mutual funds and dedicated advisory services.

Conversely, Public.com is a trailblazer for younger investors who crave exposure to newer asset classes like cryptocurrencies, with access to 22 different crypto coins and the ability to purchase fractional shares. While it may not provide traditional retirement accounts or advisor services, Public.com offers cutting-edge investment opportunities appealing to those interested in modern trading strategies.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 22
Investment Options 4.5/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

For traders seeking a robust online trading platform, Merrill Edge stands out with its comprehensive offering, earning a 4.5-star rating and ranking fifth out of 18 brokers by StockBrokers.com for trading platforms and tools. In contrast, Public.com receives a 2.5-star rating, placing seventeenth. Although both brokers lack desktop downloadable platforms for Windows and Mac, Merrill Edge distinguishes itself with a more sophisticated browser-based platform that provides a diverse array of charting capabilities and customization options, making it a preferred choice for experienced investors.

Merrill Edge's browser platform offers superior functionality, featuring 105 technical indicators and 23 drawing tools for charting, alongside advanced features like the ability to adjust open orders on stock charts, add notes, display historical trades, and show corporate events. Investors can also set custom date ranges and utilize automated technical analysis, making the platform well-suited for intricate market analysis. Furthermore, the ability to save multiple chart profiles enhances the user experience, allowing traders to tailor their views according to their strategic requirements. The platform's watchlist capabilities are extensive, allowing 285 fields for detailed monitoring of market conditions.

In comparison, Public.com presents a more simplified browser-based platform with essential features. It offers 3 fields for watchlists and supports index overlays on charts but lacks other vital charting functionalities. Public.com's platform does not support technical indicators, drawing tools, or the capacity to adjust open orders directly on stock charts, which can limit its attractiveness for active traders. For those who value a rich set of tools for technical analysis and chart customization, Merrill Edge provides a compelling solution, whereas Public.com may appeal to investors seeking a more straightforward trading experience.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 285 3
Charting - Indicators / Studies info 105 0
Charting - Drawing Tools info 23 0
Platforms & Tools 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

When it comes to beginner and investor education, both Merrill Edge and Public.com offer a range of resources, including stock, ETF, and options education. However, there are noticeable differences in their offerings. Merrill Edge provides comprehensive coverage by including education on mutual funds and bonds, while Public.com does not offer these options. Additionally, both platforms provide educational videos and webinars, but Merrill Edge goes a step further with interactive educational quizzes, which are absent from Public.com’s resources. Neither platform offers paper trading or the ability to track learning progress, which is an area where potential improvements could benefit new investors.

In terms of educational rankings and ratings, Merrill Edge is notably superior. With a stellar 5-star rating for education, Merrill Edge ranks #2 out of 18 brokers reviewed by StockBrokers.com. This positions it as a top choice for new investors seeking a comprehensive educational experience. On the other hand, Public.com, rated 3 stars, is ranked significantly lower at #15 out of 18 brokers. This suggests that while Public.com provides educational resources, they may not be as robust or comprehensive as those offered by Merrill Edge, making Merrill Edge the preferable platform for beginners focusing on learning and educational growth.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

In comparing Merrill Edge and Public.com for mobile stock trading, Merrill Edge emerges as the more comprehensive option, with robust features that provide a well-rounded trading experience. Rated 5 stars and ranked #5 for stock trading apps by StockBrokers.com, Merrill Edge offers extensive capabilities, such as mobile after-hours stock trading, mobile options trading, stock alerts, and the ability to create custom watch lists. Public.com, while also a solid choice with a 4-star rating and ranked #14, lacks several of Merrill Edge's advanced features, most notably streaming quotes and custom stock alerts, which could influence user preferences, especially for active traders.

Both Merrill Edge and Public.com provide users with iPhone and Android apps, ensuring accessibility across major mobile platforms. However, neither offers an Apple Watch app, and both fail to provide streaming live TV or videos on demand, limiting multimedia engagement options. While both brokers facilitate the viewing of multiple time frames for charting, Merrill Edge distinguishes itself by offering a wide array of 34 technical studies, contrasting sharply with Public.com's lack of technical study offerings. This makes Merrill Edge more appealing to technically inclined traders.

Customization and charting features further differentiate the two brokers; Merrill Edge allows for viewing charts in landscape mode and displaying stock comparisons, albeit restricting customization of watch list columns. Public.com offers customization of watch list columns but lacks the ability to view charts in landscape mode. Both platforms enable stock comparisons on charts, supporting analytical needs for investors. For traders seeking comprehensive charting tools and improved stock tracking, Merrill Edge stands out as the superior choice.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No info
Charting - After-Hours info No No
Charting - Technical Studies info 34 0
Mobile Trading Apps 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When it comes to choosing between Merrill Edge and Public.com, prospective users should consider the overall cost structures and service offerings of each platform. Merrill Edge stands out with a $0 minimum deposit requirement and no fees for regular stock trades, but users should be aware of its $0.65 charge per options contract. In contrast, Public.com requires a $20 minimum deposit and offers commission-free trading, even for options contracts. While Merrill Edge offers variable margin rates, Public.com's straightforward rates start at 8.75% for balances under $25,000, making it the more transparent option in that category. Investors with a keen eye on cost should evaluate these points carefully to determine which platform suits their financial strategies best.

Merrill Edge's account fees further establish it as a cost-efficient option for certain investors. If you're concerned about retirement account charges, Merrill Edge offers considerable savings, with a $0 annual fee for IRAs. However, if closure fees are a factor, bear in mind that they charge $49.95 for closing an IRA. On the other hand, while Public.com does not charge an annual fee for IRAs, potential transfer users should be cautious of its high $75 charge for both partial and full account transfers (ACAT), which starkly contrasts with Merrill Edge's no fee for similar services.

Both platforms have user-friendly offerings for options traders, with neither charging fees for options exercise or assignment. This feature might appeal to traders looking to optimize costs, although Public.com's commission-free stance on options contracts offers a notable advantage over Merrill Edge. Investors must weigh their priorities such as minimum deposit requirements, margin rates, account fees, and the flexibility each platform provides. Ultimately, choosing the right online broker comes down to your individual trading needs and cost considerations.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Options (Per Contract) $0.65 $0.00 info
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00
IRA Closure Fee $49.95
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When evaluating the day trading capabilities of Merrill Edge versus Public.com, several key features highlight their differences. Merrill Edge takes the lead by offering streaming time and sales for stocks, which is crucial for day traders to monitor real-time data. In contrast, Public.com does not provide this feature. Additionally, Merrill Edge offers Level 2 quotes, giving traders deeper insights into the market depth, a feature absent in Public.com. Merrill Edge also supports basic strategy backtesting, enabling traders to test their trading strategies before execution, whereas Public.com lacks this capability. Both platforms do not offer streaming live TV, direct market routing, ladder trading, trading hotkeys, a short locator tool, or order liquidity (maker/taker) rebates.

Neither Merrill Edge nor Public.com provides advanced strategy backtesting or some specialized tools like a short locator for real-time share availability for short sales. Despite these similarities, the presence of streaming time and sales for stocks and Level 2 quotes in Merrill Edge makes it potentially more attractive for day traders looking for comprehensive market analysis tools. However, traders should note the absence of features like direct market routing and trading hotkeys on both platforms, which might impact highly active day trading strategies.

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

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When it comes to market research, Merrill Edge outshines Public.com with its comprehensive offerings and robust tools. Rated five stars for market research, Merrill Edge provides extensive resources, including research on stocks, ETFs, mutual funds, bonds, and pink sheets. In contrast, Public.com, which is rated two stars, shares a significantly smaller scope, covering only basic research on stocks, ETFs, and pink sheets. This broad range of market insights is reflected in Merrill Edge's impressive ranking of #4 out of 18 brokers by StockBrokers.com, while Public.com lags at #17.

Merrill Edge provides users with a wide array of research tools that encompass downloadable PDF reports for stocks, ETFs, and mutual funds, alongside screeners for trade ideas across these asset categories and bonds. Furthermore, Merrill Edge enhances its offering with the ability to analyze portfolio allocation by asset class and includes ESG research. While Public.com offers basic stock and ETF research, its services fall short, lacking these in-depth market analysis features and tools, including downloadable research reports and screeners for trade ideas.

For investors seeking a robust platform for intricate market analysis and informed investment decisions, Merrill Edge proves to be a superior choice with extensive research capabilities and advanced tools. Public.com caters to a more novice market research audience, providing basic insights without the depth and breadth found at Merrill Edge. The comparison highlights the significant differences in features, positioning Merrill Edge as the go-to platform for comprehensive market analysis resources.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 2/5 Stars

Banking

When comparing the banking capabilities of online brokers Merrill Edge and Public.com, Merrill Edge clearly provides a more comprehensive suite of financial services. Merrill Edge offers a full range of traditional banking features, including checking and savings accounts, as well as debit and credit cards. Additionally, Merrill Edge customers can benefit from mortgage loans and certificates of deposit (CDs), making it a versatile choice for those looking to enhance their banking and investment experience under one umbrella. Conversely, Public.com does not extend its offerings to include checking or savings accounts, debit or credit cards, mortgage loans, or CDs, as its emphasis remains primarily on investment services, rather than banking products.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Checking Accounts info Yes No
Savings Accounts info Yes No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

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 Public.com. Merrill Edge finished with an overall score of 94.0%, while Public.com finished with a score of 72.9%.

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.

FAQs

Can you trade cryptocurrency with Merrill Edge or Public.com?

While Merrill Edge does not offer any crypto trading options, Public.com provides access to trading in 22 different cryptocurrencies, making it a more versatile choice for those interested in the digital currency market.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Merrill Edge or Public.com offer IRAs?

Merrill Edge provides both traditional and Roth IRA accounts with no annual fees and a closure fee of $49.95, whereas Public.com does not offer traditional or Roth IRA accounts, nor does it charge associated fees for these accounts.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating Merrill Edge Public.com
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.0/5 Stars N/A
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Merrill Edge Review Public.com Review
Broker Screenshots Merrill Edge Public.com
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 Merrill Edge Public.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Penny Stock Fees (OTC) info N/A $2.99
Mutual Fund Trade Fee Varies info n/a
Options (Per Contract) $0.65 $0.00 info
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $29.95 n/a
Margin Rates Merrill Edge Public.com
Margin Rate Under $25,000 Varies info 8.75%
Margin Rate $25,000 to $49,999.99 Varies info 8.75%
Margin Rate $50,000 to $99,999.99 Varies info 6.75%
Margin Rate $100,000 to $249,999.99 Varies info 6.75%
Margin Rate $250,000 to $499,999.99 Varies info 5.75%
Margin Rate $500,000 to $999,999.99 Varies info 5.75%
Margin Rate Above $1,000,000 Varies info 5.75%
Account Fees Merrill Edge Public.com
IRA Annual Fee $0.00
IRA Closure Fee $49.95
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Merrill Edge Public.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 22
Mutual Funds (No Load) info 2952 0
Mutual Funds (Total) info 3466 0
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types Merrill Edge Public.com
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes info
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info Yes No
Beginners Merrill Edge Public.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes No
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 No No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Merrill Edge Public.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No No
Stock App Features Merrill Edge Public.com
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No info
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info No Yes
Stock App Charting Merrill Edge Public.com
Charting - After-Hours info No No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 34 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes Yes
Trading Platforms Merrill Edge Public.com
Active Trading Platform info Merrill Edge Market Pro n/a
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 285 3
Stock Chart Features Merrill Edge Public.com
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 105 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 0
Charting - Custom Studies info No No
Day Trading Merrill Edge Public.com
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Merrill Edge Public.com
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No info
Stock Research Merrill Edge Public.com
Stock Research - PDF Reports info 3 0 info
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Merrill Edge Public.com
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 No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Merrill Edge Public.com
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Merrill Edge Public.com
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 68 4
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 No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Merrill Edge Public.com
Bank (Member FDIC) info Yes No
Checking Accounts info Yes No
Savings Accounts info Yes No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service Merrill Edge Public.com
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
Email Support info No Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Merrill Edge Public.com
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Merrill Edge Review Public.com Review
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