Merrill Edge vs Robinhood 2024
In this head to head comparison of Merrill Edge vs Robinhood, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of Merrill Edge vs Robinhood, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When considering an online broker to manage your investments, Merrill Edge and Robinhood each offer unique capabilities that cater to different investor needs. Merrill Edge stands out with its comprehensive investment offerings, making it a strong choice for investors seeking a wider array of traditional options, including mutual funds and OTC stocks. With an impressive 4.5-star rating for investment options and holding the #7 rank out of 18 brokers according to StockBrokers.com, Merrill Edge outshines Robinhood in terms of breadth and depth of traditional investment vehicles. Conversely, Robinhood, rated 3.5 stars in this domain and ranked #14, appeals to modern investors interested in new market ventures such as cryptocurrency with access to over 20 digital coins, as well as those looking to trade fractional shares.
Merrill Edge facilitates investment in stocks, mutual funds, options, and OTC stocks, offering a well-rounded platform for those preferring traditional trading avenues. It also extends services like margin trading and provides both traditional and Roth IRA accounts, making it an enticing option for retirement-focused investors. Although it lacks offerings in the realm of cryptocurrency and fractional shares, Merrill Edge continues to attract seasoned investors who value the availability of advisor services to guide their investment decisions.
On the other side, Robinhood has captured the attention of a younger, more technologically inclined demographic with its user-friendly interface and focus on mobile-first digital experiences. Its offerings include stock and options trading, as well as access to fractional shares and a robust cryptocurrency platform, filling the gap Merrill Edge leaves in more contemporary trading options. While it does not offer mutual funds, OTC stocks, or advisor services, Robinhood has carved out a niche for itself among those valuing simplicity and straightforward, commission-free trades.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | Yes |
OTC Stocks | Yes | No |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 20 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When comparing Merrill Edge and Robinhood for trading platforms and tools, Merrill Edge emerges as the more robust option, boasting a higher rating of 4.5 stars compared to Robinhood's 3 stars. Positioned at #5 out of 18 brokers by StockBrokers.com, Merrill Edge offers comprehensive charting capabilities, including 105 technical indicators, the ability to show historical trades and corporate events, and options for saving multiple chart profiles. In contrast, Robinhood, ranked #13, provides a more minimal set of features with just 16 technical indicators and fewer customization fields for studies like the SMA.
While neither broker offers a downloadable trading platform for Windows or Mac, both Merrill Edge and Robinhood provide browser-based trading platforms. However, when it comes to watch lists, Merrill Edge significantly outshines Robinhood by offering 285 columns or fields compared to Robinhood's mere 3 fields. Both platforms do allow users to adjust open orders directly on stock charts and add notes or index overlays to enhance chart analysis.
Despite sharing similarities in some areas, such as the number of drawing tools available for charting and the ability to set custom date ranges, Merrill Edge offers distinctive advantages with features like automated technical analysis and the ability to display corporate events. These added functionalities make Merrill Edge a more appealing choice for experienced traders seeking a powerful trading platform, while Robinhood remains a simpler, more straightforward option for beginners.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
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 | 16 |
Charting - Drawing Tools | 23 | 23 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When it comes to investor education, Merrill Edge stands out as a comprehensive resource for beginners and experienced traders alike. It provides a wide array of educational materials, covering stocks, ETFs, options, mutual funds, and bonds. Merrill Edge enhances learning through educational videos, webinars, and quizzes designed to reinforce knowledge and understanding. However, it does not offer the ability to track learning progress or paper trading. This robust offering has earned Merrill Edge a 5-star education rating and a commendable #2 ranking out of 18 brokers by StockBrokers.com.
Robinhood, on the other hand, offers a more limited educational experience. While it provides content on stocks, ETFs, and options, it falls short in areas such as mutual funds and bonds education. Robinhood lacks educational videos and quizzes, although it does host webinars to engage users. Like Merrill Edge, Robinhood does not offer paper trading or a learning progress tracker. Despite these limitations, Robinhood earns a 3.5-star education rating and ranks #10 for education according to StockBrokers.com. This makes Robinhood a decent choice for basic investor education, but it may not satisfy those seeking a more rounded and in-depth learning experience.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
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 | No |
Webinars | Yes | Yes |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When it comes to online stock trading apps, Merrill Edge and Robinhood offer distinct capabilities that appeal to different types of investors. Merrill Edge, rated at 5 stars and ranked #5 by StockBrokers.com, stands out with its diverse charting tools, including 34 technical studies and the ability to display stock comparisons and view charts in multiple time frames. Robinhood, rated 4.5 stars and ranked #9, offers a more straightforward yet flexible user experience, highlighted by customizable watch list columns, after-hours charting, and a unique Apple Watch app.
Both Merrill Edge and Robinhood provide robust mobile applications for iPhone and Android users, ensuring seamless stock trading on the go. However, when it comes to additional features, Robinhood edges out with its Apple Watch app, offering convenience for those who prefer quick glances at their investments from their wrists. Both brokers also enable mobile options trading, provide streaming quotes, and allow after-hours trading, though Robinhood’s verification on after-hours trading capability is pending clarity.
For traders who rely heavily on detailed technical analysis, Merrill Edge might be the preferred choice due to its more comprehensive charting functions. It offers the flexibility to view charts in landscape mode and to use numerous technical studies. Conversely, Robinhood caters to investors seeking a simplified, user-friendly approach, with features that enable customized watch lists and after-hours charting, providing a balanced mix of functionality and accessibility across its platforms.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | Yes |
Stock Alerts | Yes | Yes |
Charting - After-Hours | No | Yes |
Charting - Technical Studies | 34 | 6 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When considering online brokers, both Merrill Edge and Robinhood offer investors compelling features, but the choice may ultimately depend on specific account fees and trading needs. For those prioritizing cost-effective trading, Robinhood stands out with its zero fees for options contracts and free account transfers, although it charges for margin balances. On the other hand, Merrill Edge provides a competitive edge with no fees for both partial and full account transfers, although it imposes a $0.65 charge for options contracts. Ultimately, the decision might hinge on whether an investor values cost savings on options trading or lower transfer and closure fees.
Merrill Edge offers several fee-free services, including no minimum deposit and $0 regular stock trades, aligning it closely with Robinhood's similar offerings. However, when it comes to option trading, Merrill Edge charges a $0.65 fee per contract, whereas Robinhood does not charge any fee. This could make Robinhood more appealing for investors actively involved in options trading. Additionally, both platforms offer free IRA annual fees but differ in their IRA closure charges, with Robinhood providing a more cost-effective solution by charging $0 compared to Merrill Edge's $49.95.
For margin account holders, the platforms have differing rates. Robinhood has a straightforward percentage fee structure, whereas Merrill Edge's fees vary depending on the balance brackets. This could add complexity for Merrill Edge's users in estimating costs but could potentially offer competitive rates for higher balance tiers. In contrast, Robinhood maintains transparency with a defined percentage ranging from 5.8% to 6.25% depending on the balance. Investors considering margin trading should carefully evaluate these factors to determine which broker aligns best with their financial strategy.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
Minimum Deposit | $0.00 | $0.00 |
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 | $0.00 |
IRA Closure Fee | $49.95 | $0.00 |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
When comparing the day trading capabilities of Merrill Edge and Robinhood, several differences become apparent. Merrill Edge provides streaming time and sales for stocks, a valuable feature for traders aiming to monitor market movements in real time. Additionally, it offers level 2 quotes and basic strategy backtesting, which can be beneficial for those seeking to refine their trading approaches. However, Merrill Edge lacks features such as streaming live TV, direct market routing, ladder trading, and trading hotkeys, which may be a consideration for those requiring advanced trading functionalities.
On the other hand, Robinhood falls short in several areas valued by day traders. It does not provide streaming time and sales, streaming live TV, or level 2 quotes, limiting the real-time information available to traders. Robinhood does, however, offer ladder trading, a feature absent in Merrill Edge, which can be useful for some day trading strategies. Both platforms lack direct market routing, trading hotkeys, advanced strategy backtesting, and short locator tools, indicating that neither Merrill Edge nor Robinhood caters explicitly to high-frequency or advanced day traders.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
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 2024
When comparing Merrill Edge and Robinhood based on their market research capabilities, Merrill Edge clearly stands out. It offers comprehensive research tools and resources across various asset classes. Its offerings include stock, ETF, mutual funds, and bond research, with many downloadable PDF reports available for deeper insights. Moreover, Merrill Edge’s high ranking on StockBrokers.com, along with its 5-star rating for market research, reinforces its strong position in the market. In contrast, Robinhood's research tools are more limited, reflected in its lower rating of 2.5 stars and #14 rank in the same survey.
Merrill Edge excels by providing extensive insights across a diverse range of financial instruments, including stocks, ETFs, mutual funds, pink sheets/OTCBB, and bonds. For each of these, it delivers multiple downloadable reports that aid in informed decision-making. Additionally, features like ESG research and the ability to analyze portfolio allocation by asset class further enhance Merrill Edge’s market research prowess. Meanwhile, Robinhood offers stock and ETF research, as well as a screener for trade ideas, but lacks mutual fund and bond insights, as well as ESG research, resulting in fewer resources for its investors.
Both Merrill Edge and Robinhood offer stock and ETF screeners; however, Merrill Edge provides additional asset class screening tools, catering to a more advanced research audience. While neither platform incorporates social media sentiment data, Merrill Edge's breadth and depth in traditional research resources make it a more suitable option for those requiring a richer array of data and portfolio analysis tools. Robinhood, with its simpler research offerings, best serves those who prioritize ease of use and simplicity over comprehensive analytical capabilities.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
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 |
When comparing the banking capabilities of Merrill Edge and Robinhood, distinct differences emerge that cater to varying customer needs. Merrill Edge stands out with a comprehensive suite of banking services, offering checking and savings accounts, along with debit and credit cards for a well-rounded financial experience. Additionally, Merrill Edge provides mortgage loans and certificates of deposit (CDs), making it a robust choice for those seeking diverse financial products under one roof. On the other hand, while Robinhood does provide a debit card to its users, it does not extend its offerings to include checking or savings accounts, credit cards, mortgage loans, or CDs. This makes Merrill Edge a more suitable option for customers looking for traditional banking services alongside their investment activities, whereas Robinhood may appeal to those purely focused on trading with minimal banking needs.
Feature |
Merrill Edge
|
Robinhood
|
---|---|---|
Checking Accounts | Yes | No |
Savings Accounts | Yes | No |
Debit Cards | Yes | Yes |
Credit Cards | Yes | No |
Mortgage Loans | Yes | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Merrill Edge is better than Robinhood. Merrill Edge finished with an overall score of 94.0%, while Robinhood finished with a score of 84.5%.
Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures.
When comparing online brokers, Merrill Edge does not offer crypto trading and provides no cryptocurrency coins, whereas Robinhood supports crypto trading with access to 20 different coins, making Robinhood a more versatile option for cryptocurrency investors.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Both Merrill Edge and Robinhood offer traditional and Roth IRA accounts with no annual fees, but while Merrill Edge charges a $49.95 closure fee for closing IRA accounts, Robinhood does not impose any closure fees, providing a cost-effective option for users considering account termination.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | Merrill Edge | Robinhood | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | ||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Merrill Edge Review | Robinhood Review |
Broker Screenshots | Merrill Edge | Robinhood | |
---|---|---|---|
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 | Robinhood | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
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 | Robinhood | |
---|---|---|---|
Margin Rate Under $25,000 | Varies | 6.25% | |
Margin Rate $25,000 to $49,999.99 | Varies | 6.05% | |
Margin Rate $50,000 to $99,999.99 | Varies | 5.8% | |
Margin Rate $100,000 to $249,999.99 | Varies | 5.75% | |
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 | 5.5% |
Account Fees | Merrill Edge | Robinhood | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $49.95 | $0.00 | |
Account Transfer Out (Partial) | $0.00 | $100.00 | |
Account Transfer Out (Full) | $0.00 | $100.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Merrill Edge | Robinhood | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | Yes | |
OTC Stocks | Yes | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | No | No | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 20 | |
Mutual Funds (No Load) | 2952 | 0 | |
Mutual Funds (Total) | 3466 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | Merrill Edge | Robinhood | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | No | No | |
Order Type - OTO | No | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | Merrill Edge | Robinhood | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | No | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Merrill Edge | Robinhood | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | Yes | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | No | Yes |
Stock App Features | Merrill Edge | Robinhood | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | No | Yes |
Stock App Charting | Merrill Edge | Robinhood | |
---|---|---|---|
Charting - After-Hours | No | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 34 | 6 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | Merrill Edge | Robinhood | |
---|---|---|---|
Active Trading Platform | Merrill Edge Market Pro | Robinhood Legend | |
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 | Robinhood | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 105 | 16 | |
Charting - Drawing Tools | 23 | 23 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | Yes | |
Charting - Custom Time Bars | Yes | Yes | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 1 | |
Charting - Custom Studies | No | No |
Day Trading | Merrill Edge | Robinhood | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | No | Yes | |
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 | Robinhood | |
---|---|---|---|
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 | Yes | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | Yes | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | Merrill Edge | Robinhood | |
---|---|---|---|
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 | Robinhood | |
---|---|---|---|
ETFs - Strategy Overview | Yes | Yes | |
ETF Fund Facts - Inception Date | Yes | Yes | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Net Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | Yes | |
ETFs - Top 10 Holdings | Yes | Yes | |
ETFs - Sector Exposure | Yes | Yes | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | Merrill Edge | Robinhood | |
---|---|---|---|
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 | Robinhood | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 68 | 17 | |
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 | Yes | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | Yes |
Banking | Merrill Edge | Robinhood | |
---|---|---|---|
Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | Yes | |
Mortgage Loans | Yes | No |
Customer Service | Merrill Edge | Robinhood | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | No | Yes | |
Live Chat (Prospect Customers) | Yes | No | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | Yes |
Overall | Merrill Edge | Robinhood | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Merrill Edge Review | Robinhood Review |