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Merrill Edge vs Public.com 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

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

Range of investments

When considering Merrill Edge and Public.com for online investing, both platforms offer unique features appealing to different types of investors. Merrill Edge is a more traditional choice, offering a comprehensive range of investment options and account types, including traditional and Roth IRA accounts. On the other hand, Public.com caters to newer investors and those interested in innovative investment options by providing services like fractional share trading and cryptocurrency investments. Your selection between these platforms will ultimately depend on your investment strategy and needs.

Both Merrill Edge and Public.com provide stock and options trading, as well as access to OTC stocks. However, the offerings start to diverge when considering other asset types. Merrill Edge stands out with its access to mutual funds, providing a broad range of investment opportunities for traditional investors, and advisor services for those seeking guidance. Public.com, appealing to a more modern audience, allows for cryptocurrency trading with 22 available coins and emphasizes innovation and ease of access with fractional shares, making it more attractive for younger or first-time investors.

While Merrill Edge doesn't offer forex or futures trading like Public.com, its standout features include access to traditional retirement accounts and a highly regarded range of investments, rated 4.5 out of 5 stars by StockBrokers.com. In contrast, Public.com, rated at 3.5 stars, offers a streamlined experience optimized for those looking to take advantage of fractional and crypto trading but lacks the depth of investment options seen with Merrill Edge. Ranked #7 and #15 respectively in their range of investments, both platforms have their strengths, so choosing the right one depends on your specific investment preferences.

Feature Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading info 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
Range of Investments 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When evaluating the trading platforms and tools offered by Merrill Edge and Public.com, it's evident that Merrill Edge provides a more comprehensive suite of features. As rated by StockBrokers.com, Merrill Edge holds a respectable 4-star rating and ranks 6th out of 16 brokers, showcasing its strength in trading tools. In contrast, Public.com receives a lower 2-star rating, placing it at 15th in the same category, which suggests more limitations in the functionality provided to its users.

Both Merrill Edge and Public.com forgo offering downloadable trading platforms for either Windows or Mac, relying instead on browser-based platforms accessible via the web. Neither platform supports paper trading or offers a trading journal, areas where some investors might see room for improvement. However, Merrill Edge distinguishes itself with an extensive selection of 285 fields for watch lists compared to Public.com's mere 3, providing investors with a richer set of data points to monitor their investments.

Merrill Edge continues to outshine Public.com in charting capabilities, offering 105 technical indicators and 23 drawing tools, which are absent on Public's platform. This robust charting functionality is further enhanced with features like adjusting open orders directly on charts, displaying corporate events, and the ability to save multiple chart profiles. While both platforms allow index overlays, Merrill Edge stands out with automated technical analysis and the capability to set custom date ranges, providing a more tailored and detailed charting 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 Stars 2/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

For beginners and those seeking to enhance their investment knowledge, selecting the right online broker can make all the difference. Merrill Edge and Public.com both provide a range of educational resources tailored to investor education. Merrill Edge covers a comprehensive array of topics, including stock, ETF, options, mutual funds, and bonds education. Its platform also features interactive learning through educational videos and webinars, along with quizzes to test your understanding. Conversely, Public.com offers a solid foundation with resources on stocks, ETFs, and options, alongside educational videos and webinars, yet it lacks educational content in mutual funds and bonds, as well as quizzes for learning assessment.

When we compare user ratings and rankings, Merrill Edge stands out with a 4.5-star rating for education, placing it 5th out of 16 brokers in a StockBrokers.com ranking. Meanwhile, Public.com earns a respectable 3.5 stars, although its educational offerings rank 12th among competitors. Both platforms lack paper trading features and the ability to track learning progress, yet Merrill Edge's broader range of educational content might provide a more advantageous starting point for new investors aiming to diversify their investment strategies.

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 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to choosing between Merrill Edge and Public.com for stock trading app capabilities, Merrill Edge emerges as the more comprehensive choice. With a higher StockBrokers.com ranking of #6 and a commendable 4.5-star rating, Merrill Edge offers a range of advanced features suitable for investors looking for in-depth analysis and customization. On the other hand, Public.com, with a 3.5-star rating and a #15 ranking, caters more to users who prefer straightforward and simplified trading experiences.

Both Merrill Edge and Public.com provide apps for iPhone and Android devices, ensuring accessibility for mobile users. They, however, do not extend this accessibility to the Apple Watch. While Merrill Edge supports options and after-hours trading, Public.com only partially supports after-hours trading and lacks in other sophisticated offerings. Notably, streaming quotes are available with Merrill Edge, which is a significant feature missing from Public.com.

For those interested in charting and analysis, Merrill Edge offers an array of 34 technical studies and the ability to view charts in landscape mode and multiple timeframes, enhancing its analytical capability. Additionally, Merrill Edge allows the creation of custom watch lists, which is not an option with Public.com. However, Public.com does permit customization of watch list columns, appealing to those who wish to tailor their simple trading setup. Despite these differences, both platforms allow displaying stock comparisons on charts.

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 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 Merrill Edge logoMerrill Edge
Public.com logoPublic.com
Minimum Deposit info $0.00 $20.00
Stock Trades info $0.00 $0.00 info
Options (Per Contract) info $0.65 $0.00 info
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00
IRA Closure Fee info $49.95

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 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 2025

Market Research

When evaluating the market research capabilities of Merrill Edge and Public.com, it's clear that Merrill Edge holds a significant advantage. Offering comprehensive research options across multiple asset types, Merrill Edge provides its users a wealth of downloadable PDF reports and advanced tools like stock and ETF screeners. Its five-star rating for market research, along with a high ranking by StockBrokers.com, underscores its strong position. In contrast, Public.com offers limited research tools, reflected in its two-star rating and lower ranking, making it less appealing for those seeking detailed market analysis.

Merrill Edge excels in providing versatile research opportunities, with options including stocks, ETFs, mutual funds, pink sheets/OTCBB, and bonds. Users enjoy access to downloadable PDF research reports and the ability to analyze portfolio allocation by asset class. Apart from advanced ESG research capabilities, Merrill Edge also offers screeners for generating trade ideas across various investment types. These features help position Merrill Edge as a robust platform for investors seeking extensive market insights.

On the other hand, Public.com simplifies its approach by focusing primarily on stock and ETF research, lacking the diversity seen in Merrill Edge. While Public.com does offer research for pink sheets/OTCBB, its limitations are evident in the absence of reports, screeners, and bond or mutual fund research. These constraints result in a less comprehensive research environment, which could be a consideration for investors who prioritize in-depth market analysis tools in their trading strategy.

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 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 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 2025

Winner

After opening live accounts and testing 16 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.

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 2025

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 2025

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Compare

0 of 5
Overall Rating Merrill Edge Public.com
Overall 4.5/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 2/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.0/5 Stars N/A
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 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 info $0.00 $20.00
Stock Trades info $0.00 $0.00 info
Penny Stock Fees (OTC) info N/A $2.99
Mutual Fund Trade Fee info Varies info n/a
Options (Per Contract) info $0.65 $0.00 info
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $29.95 n/a
Margin Rates Merrill Edge Public.com
Margin Rate Under $25,000 info Varies info 8.75%
Margin Rate $25,000 to $49,999.99 info Varies info 8.75%
Margin Rate $50,000 to $99,999.99 info Varies info 6.75%
Margin Rate $100,000 to $249,999.99 info Varies info 6.75%
Margin Rate $250,000 to $499,999.99 info Varies info 5.75%
Margin Rate $500,000 to $999,999.99 info Varies info 5.75%
Margin Rate Above $1,000,000 info Varies info 5.75%
Account Fees Merrill Edge Public.com
IRA Annual Fee info $0.00
IRA Closure Fee info $49.95
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Merrill Edge Public.com
Stock Trading info Yes Yes
Margin Trading info 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
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 2/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 2/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Merrill Edge Review Public.com Review
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