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 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 |
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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 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 |
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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: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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 |
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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 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 |
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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 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 |
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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 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.
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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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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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 | |
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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 | |
---|---|---|---|
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 | |
---|---|---|---|
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 |