Merrill Edge vs Public.com 2025
In this head to head comparison of Merrill Edge vs Public.com, 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 Merrill Edge vs Public.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When comparing Merrill Edge and Public.com, it becomes clear that each platform caters to different types of investors based on their available investment options. Merrill Edge earns a higher rating of 4.5 stars for its range of investments, whereas Public.com holds a lower rating of 3.5 stars. StockBrokers.com ranks Merrill Edge at #7 out of 15 brokers for its investment offerings, significantly ahead of Public.com, which is ranked at #14. This suggests that Merrill Edge may be a better choice for those seeking a wider array of investment options.
Merrill Edge provides a comprehensive slate of investment options, including stocks, mutual funds, options, and over-the-counter (OTC) stocks. Additionally, Merrill Edge offers traditional and Roth IRA accounts, catering to long-term retirement goals, and provides advisor services for personalized investment guidance. However, it does not offer crypto or fractional shares trading, which some modern investors might find limiting.
Conversely, Public.com appeals to a different demographic by offering fractional shares and cryptocurrency trading, with 22 available coins, making it attractive to those interested in these modern investment avenues. While Public.com lacks offerings in mutual funds, traditional and Roth IRA accounts, and advisor services, it provides access to stock, margin, options, and OTC stocks. This platform could be suitable for investors who prioritize innovation and newer forms of trading.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | Yes |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 22 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When it comes to evaluating online trading platforms, Merrill Edge stands out as a more feature-rich option compared to Public.com. Rated four stars and ranked 6th by StockBrokers.com out of 15 brokers, Merrill Edge offers a comprehensive set of tools catering to both beginner and experienced traders. On the other hand, Public.com receives a lower rating of two stars and ranks 14th, reflecting its fundamental yet limited trading tools that might not satisfy users looking for advanced functionalities.
Both Merrill Edge and Public.com lack downloadable trading platforms for Windows or Mac, but both provide browser-based platforms to meet user needs. However, Merrill Edge takes the lead in terms of customization and analysis capabilities by offering 105 technical indicators and 23 drawing tools for charting, while Public.com does not offer any. Merrill Edge also supports users with advanced features like the ability to adjust open orders directly on charts, display corporate events, overlay indices, and save multiple chart profiles, making it suitable for traders who require an in-depth trading experience.
In contrast, Public.com is more simplified, with only three columns for watch lists, lacking the option to adjust orders directly on charts or show historical trades. While both platforms do not support paper trading or custom study creation, Merrill Edge provides a wider array of features for analysis and customization. These extensive tools make it a better choice for users who are serious about their trading activities and seek a platform that allows for more detailed market insights and strategic planning.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | No |
Desktop Platform (Mac) | No | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 285 | 3 |
Charting - Indicators / Studies | 105 | 0 |
Charting - Drawing Tools | 23 | 0 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When comparing the educational offerings of Merrill Edge and Public.com, both platforms provide a good range for beginner investors to learn about stocks, ETFs, and options. Merrill Edge extends its educational resources further by offering materials on mutual funds and bonds—areas where Public.com does not provide education. Both platforms feature educational videos and webinars to enhance learning, but only Merrill Edge supplements this with quizzes to reinforce knowledge. Neither platform offers paper trading or the ability to track learning progress.
In terms of overall quality and satisfaction, Merrill Edge has a slight edge with a 4.5-star rating for education, compared to Public.com's 3.5 stars. Ranking fifth out of fifteen brokers for education by StockBrokers.com, Merrill Edge is a top choice for those seeking comprehensive resources. Public.com, ranked twelfth, offers solid foundational content but lacks the depth seen in Merrill Edge's offerings. This makes Merrill Edge a better option for beginners looking for structured and diverse educational content.
Feature |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | Yes | No |
Paper Trading | No | No |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing online brokers for stock trading app capabilities, Merrill Edge appears to offer a more comprehensive experience than Public.com. Merrill Edge's app is rated at 4.5 stars and ranks #6 out of 15 brokers by StockBrokers.com, showcasing its strong reputation. In contrast, Public.com is rated at 3.5 stars and ranks #14, indicating room for improvement. Both platforms provide apps for iPhone and Android, but Merrill Edge distinguishes itself with features like streaming quotes, stock alerts, and custom watch lists, making it a more versatile choice for traders seeking in-depth analysis tools and notifications.
Merrill Edge offers several advanced features that cater to more analytical traders. This includes the ability to view charts in landscape mode, access to multiple time frames, and 34 technical studies compared to Public.com, which doesn't provide any technical studies. Furthermore, Merrill Edge facilitates after-hours mobile trading and supports stock comparisons on charts, allowing for a comprehensive trading experience. Unfortunately, both platforms lack mobile streaming live TV and video-on-demand services, an area that might interest investors seeking diverse media content on their trading apps.
Public.com, however, does offer some unique customization options that could appeal to certain users. For instance, while it does not allow users to create custom watch lists, it does offer the ability to customize watch list columns, which can be beneficial for those looking to tailor their app layout to their specific needs. Although limited in some capabilities compared to Merrill Edge, Public.com provides essential trading functionalities like mobile options trading and chart comparisons, keeping it competitive in the marketplace.
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | Yes | No |
Charting - After-Hours | No | No |
Charting - Technical Studies | 34 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing Merrill Edge to Public.com, it becomes clear that each online broker appeals to different types of investors based on their fee structures and service offerings. Merrill Edge is particularly attractive for those seeking low initial investment barriers and comprehensive service at no cost, such as with their zero minimum deposit requirement and free standard stock trades. On the other hand, Public.com stands out with its unique offering of free options trading, setting itself apart for investors interested in trading options without incurring contract fees. Both platforms offer competitive services, but the differences in minimum deposits and fees for specific services like partial account transfers could be pivotal depending on an investor's specific needs.
Merrill Edge does not require a minimum deposit, making it accessible for beginners, whereas Public.com requires a modest $20 deposit to get started. For regular stock trades, both platforms offer $0 commissions, providing a level playing field for investors focused on equities. However, when it comes to options contracts, Merrill Edge charges $0.65 per contract, whereas Public.com offers these trades at no cost, granting a clear advantage for options traders. Furthermore, for those interested in margin trading, Public.com charges 8.75% for balances under $50,000 and lowers this rate to 6.75% for balances between $50,000 and $99,999. Merrill Edge, however, provides variable rates that could benefit those with larger portfolios or who prefer to inquire about specific scenarios directly with the broker.
In terms of account maintenance and transfer fees, Merrill Edge has the upper hand with $0 charges for IRA annual fees and both partial and full Account Transfers (ACAT), though there is a $49.95 fee upon IRA closure. Public.com, while not charging IRA annual or closure fees, imposes a $75 fee for both partial and full account transfers, which may be a consideration for users planning potential migration of their account holdings. Both brokers charge nothing for options exercise and assignment fees. Ultimately, both platforms provide a range of advantages depending on the particular financial strategies and transaction preferences of individual investors.
Feature |
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Minimum Deposit | $0.00 | $20.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.00 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | |
IRA Closure Fee | $49.95 |
Dive deeper: Best Free Trading Platforms for 2025
When weighing Merrill Edge against Public.com for day trading, there are some important differences to consider. Merrill Edge gives day traders the advantage of streaming time and sales for stocks, providing a continuous stream of transaction details, which Public.com does not offer. Furthermore, Merrill Edge offers Level 2 quotes, delivering more detailed market depth information that can be crucial for making informed trading decisions, while Public.com lacks this feature entirely.
Both platforms fall short in certain advanced trading functionalities, as neither offers direct market routing, ladder trading, or trading hotkeys for quick trade entries. Strategy backtesting is limited across these platforms as well, with Merrill Edge only supporting basic strategy backtesting, whereas Public.com does not offer this feature at all. Additionally, neither provides a short locator tool or order liquidity rebates, leaving room for growth in catering to professional day traders seeking a more comprehensive range of tools.
Feature |
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Streaming Time & Sales | Yes | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, Merrill Edge substantially outpaces Public.com. Merrill Edge excels in providing comprehensive research options, including stocks, ETFs, mutual funds, pink sheets, and bonds. It also offers a star rating of 5 out of 5 for market research, while Public.com lags behind with a 2-star rating. Merrill Edge is ranked #5 among 15 brokers by StockBrokers.com, whereas Public.com is ranked at #12. These rankings reflect Merrill Edge's robust offering of analytical tools and resources, making it a more favorable choice for investors seeking thorough market research.
Merrill Edge distinguishes itself by offering an extensive array of research reports and screening tools. Investors can access 3 downloadable PDF research reports for stocks, while Public.com offers none. Additionally, Merrill Edge provides downloadable PDF reports for ETFs and mutual funds, along with screeners for stocks, ETFs, mutual funds, and bonds. On the other hand, Public.com does not provide downloadable research reports or screeners for any of these investment categories, limiting its appeal to those who require in-depth research capabilities.
For those interested in sustainable investing, Merrill Edge offers ESG research, which is not available on Public.com. Moreover, Merrill Edge allows users to see portfolio allocation by asset class, adding another layer of depth to its research tools. Although neither platform utilizes social media sentiment data for stock research, the breadth of options available through Merrill Edge makes it a more versatile tool for both novice and experienced investors looking to diversify their portfolios with well-researched assets.
Feature |
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | No |
Research - Mutual Funds | Yes | No |
Screener - Mutual Funds | Yes | No |
Research - Bonds | Yes | No |
Screener - Bonds | Yes | No |
Research |
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When considering banking features, Merrill Edge clearly outpaces Public.com, offering a wide array of financial products for its users. Merrill Edge provides comprehensive banking services such as checking and savings accounts, along with debit and credit cards, making it a versatile choice for personal finance management. Additionally, Merrill Edge customers have access to mortgage loans and certificates of deposit (CDs), providing multiple avenues for financial growth and investment. In contrast, Public.com does not offer any traditional banking services like checking or savings accounts, nor do they offer debit cards, credit cards, mortgage loans, or CDs. This makes Merrill Edge a more complete solution for individuals seeking an online broker that doubles as a banking institution.
Feature |
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Checking Accounts | Yes | No |
Savings Accounts | Yes | No |
Debit Cards | Yes | No |
Credit Cards | Yes | No |
Mortgage Loans | Yes | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 15 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 92.7%, while Public.com finished with a score of 69.6%.
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.
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 2025
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 2025
Select Brokers
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0 of 5Overall Rating | Merrill Edge | Public.com | |
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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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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Merrill Edge Review | Public.com Review |
Broker Screenshots | Merrill Edge | Public.com | |
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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 | |
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Minimum Deposit | $0.00 | $20.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | $2.99 | |
Mutual Fund Trade Fee | Varies | n/a | |
Options (Per Contract) | $0.65 | $0.00 | |
Futures (Per Contract) | (Not offered) | (Not offered) | |
Broker Assisted Trade Fee | $29.95 | n/a |
Margin Rates | Merrill Edge | Public.com | |
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Margin Rate Under $25,000 | Varies | 8.75% | |
Margin Rate $25,000 to $49,999.99 | Varies | 8.75% | |
Margin Rate $50,000 to $99,999.99 | Varies | 6.75% | |
Margin Rate $100,000 to $249,999.99 | Varies | 6.75% | |
Margin Rate $250,000 to $499,999.99 | Varies | 5.75% | |
Margin Rate $500,000 to $999,999.99 | Varies | 5.75% | |
Margin Rate Above $1,000,000 | Varies | 5.75% |
Account Fees | Merrill Edge | Public.com | |
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IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $49.95 | ||
Account Transfer Out (Partial) | $0.00 | $75.00 | |
Account Transfer Out (Full) | $0.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Merrill Edge | Public.com | |
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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 | 0 | |
Futures Trading | No | No | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 22 | |
Mutual Funds (No Load) | 2952 | 0 | |
Mutual Funds (Total) | 3466 | 0 | |
Bonds (US Treasury) | Yes | Yes | |
Bonds (Corporate) | Yes | Yes | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | No | |
Roth IRAs | Yes | No | |
Advisor Services | Yes | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | Merrill Edge | Public.com | |
---|---|---|---|
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 | No | |
Order Type - OCO | No | No | |
Order Type - OTO | No | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | Merrill Edge | Public.com | |
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Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | Yes | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | Yes | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Merrill Edge | Public.com | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | No | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | No | No |
Stock App Features | Merrill Edge | Public.com | |
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Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | No | |
Watch Lists - Create & Manage | Yes | No | |
Watch Lists - Column Customization | No | Yes |
Stock App Charting | Merrill Edge | Public.com | |
---|---|---|---|
Charting - After-Hours | No | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 34 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | Yes | Yes |
Trading Platforms | Merrill Edge | Public.com | |
---|---|---|---|
Active Trading Platform | Merrill Edge Market Pro | n/a | |
Desktop Trading Platform | No | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 285 | 3 |
Stock Chart Features | Merrill Edge | Public.com | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 105 | 0 | |
Charting - Drawing Tools | 23 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 0 | |
Charting - Custom Studies | No | No |
Day Trading | Merrill Edge | Public.com | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | No | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Merrill Edge | Public.com | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | Yes | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | Yes | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | Merrill Edge | Public.com | |
---|---|---|---|
Stock Research - PDF Reports | 3 | 0 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | No | |
Stock Research - Social | No | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | Yes | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | Merrill Edge | Public.com | |
---|---|---|---|
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 | No | |
ETFs - Top 10 Holdings | Yes | No | |
ETFs - Sector Exposure | Yes | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | Merrill Edge | Public.com | |
---|---|---|---|
Mutual Funds - Strategy Overview | Yes | No | |
Mutual Funds - Performance Chart | Yes | No | |
Mutual Funds - Performance Analysis | Yes | No | |
Mutual Funds - Prospectus | Yes | No | |
Mutual Funds - 3rd Party Ratings | Yes | No | |
Mutual Funds - Fees Breakdown | Yes | No | |
Mutual Funds - Top 10 Holdings | Yes | No | |
Mutual Funds - Asset Allocation | Yes | No | |
Mutual Funds - Sector Allocation | Yes | No | |
Mutual Funds - Country Allocation | Yes | No | |
Mutual Funds - StyleMap | Yes | No |
Options Trading | Merrill Edge | Public.com | |
---|---|---|---|
Option Chains - Basic View | Yes | No | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 68 | 4 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | No | No | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | Merrill Edge | Public.com | |
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Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | No | |
Mortgage Loans | Yes | No |
Customer Service | Merrill Edge | Public.com | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | No | |
Email Support | No | Yes | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | No |
Overall | Merrill Edge | Public.com | |
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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 | Merrill Edge Review | Public.com Review |