Written by StockBrokers.com
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 the comparison between Merrill Edge and Robinhood, Merrill Edge emerges as the stronger option for those who prioritize a broad spectrum of investment options, securing a 4.5-star rating and ranking 7th out of 18 brokers according to StockBrokers.com. While both platforms offer essential services like stock and margin trading, Merrill Edge stands out with its availability of mutual funds and advisor services, which are absent in Robinhood's offerings. On the other hand, Robinhood appeals to a modern investor demographic with unique features such as fractional shares and cryptocurrency trading, though it holds a slightly lower investment options rating of 3.5 stars and ranks 14th on StockBrokers.com.
For stock trading, both Merrill Edge and Robinhood allow investors to explore opportunities in both regular and over-the-counter (OTC) stocks, leveling the playing field in this popular investment category. Furthermore, investors interested in options trading will find comprehensive support on both platforms. However, Merrill Edge distinguishes itself with mutual funds options, providing investors with additional diversification opportunities. Meanwhile, Robinhood's omission of mutual funds is countered by its provision of crypto trading, offering 19 different coins, which is not available through Merrill Edge.
When it comes to retirement accounts, both Merrill Edge and Robinhood offer traditional and Roth IRA accounts, supporting long-term financial goals. However, where Merrill Edge provides the added benefit of advisor services, Robinhood instead focuses on appealing to tech-savvy investors with features like fractional share trading and a comprehensive crypto selection. For those requiring expert guidance, Merrill Edge's advisor services may be particularly advantageous. Ultimately, the choice between Merrill Edge and Robinhood will depend on the individual investor's priorities, whether they lean towards traditional, diversified investment options or prefer a platform embracing the latest digital trading trends.
| Feature |
Merrill Edge
|
Robinhood
|
|---|---|---|
| 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 | 19 |
| Investment Options |
|
|
Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
When evaluating trading platforms and tools, Merrill Edge emerges as a top contender with its robust offerings, garnering a 4.5-star rating and placing 5th out of 18 brokers in a comprehensive review by StockBrokers.com. In contrast, Robinhood receives a more modest 3-star rating, ranking 13th among its peers. This distinction highlights Merrill Edge's superior capabilities and stronger toolset compared to Robinhood.
Both Merrill Edge and Robinhood lack downloadable trading platforms for Windows and Mac, instead providing browser-based platforms for seamless web access. However, where they diverge is in their toolsets and functionalities. Merrill Edge significantly enhances the trader's experience with 104 technical indicators, 23 drawing tools, and the ability to set custom date ranges for charts. Additionally, Merrill Edge allows users to adjust open orders directly on stock charts and offers comprehensive charting features, such as the ability to add notes, index overlays, and display corporate events like earnings and dividends. On the other hand, Robinhood's platform is decidedly more streamlined, offering only 6 technical indicators and no drawing tools, which may appeal to beginner traders looking for simplicity but lacks the depth experienced traders might seek.
Merrill Edge also excels in customizing chart experiences, letting users save multiple chart profiles and show automated technical analysis patterns, supporting deeper market insights. It provides 8 customization fields for SMA studies, compared to Robinhood's single field, offering users a richer research environment. Although neither platform offers paper trading or custom studies, the extensive array of options and robust analysis tools provided by Merrill Edge make it a more attractive choice for traders looking for detailed analytics and advanced customization options. Robinhood, with its straightforward approach, still remains a viable option for those preferring uncomplicated and easy-to-use tools without the frills.
| 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 | 104 | 6 |
| Charting - Drawing Tools | 23 | 0 |
| Platforms & Tools |
|
|
Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
Open and fund & get up to $1,000.
Trade with thinkorswim®, now at Schwab.
When comparing the educational offerings for beginner investors between Merrill Edge and Robinhood, Merrill Edge clearly stands out in terms of comprehensive educational resources. Merrill Edge offers robust education on a wide range of investment products including stocks, ETFs, options, mutual funds, and bonds. In addition to these offerings, Merrill Edge provides engaging educational tools such as videos, webinars, and quizzes, making it a top choice for novice investors seeking to deepen their understanding and skills. This is reflected in its perfect 5-star education rating and impressive ranking as the #2 broker for education by StockBrokers.com.
In contrast, Robinhood offers a more limited educational scope, primarily focusing on stocks and options without extending resources to ETFs, mutual funds, or bonds. Notably, Robinhood lacks key educational tools like videos, webinars, and quizzes, which are instrumental for active learning and engagement. While both brokers do not offer paper trading or track learning progress, Robinhood's overall educational capability is reflected in its 3.5-star rating and a #10 ranking in educational offerings according to StockBrokers.com. This makes Robinhood a less comprehensive choice for beginners looking to broaden their investment knowledge across various financial products and tools.
| Feature |
Merrill Edge
|
Robinhood
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | No |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | No |
| Education (Bonds) | Yes | No |
| Paper Trading | No | No |
| Videos | Yes | No |
| Webinars | Yes | No |
| 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 of 2024
When comparing Merrill Edge and Robinhood, the primary distinction lies in their respective fees for options contracts and account transfers. Both platforms offer commission-free stock trading and require no minimum deposit, making them equally accessible for most investors. However, Merrill Edge charges $0.65 per options contract, whereas Robinhood offers this service at no cost. When it comes to account transfers, Merrill Edge does not charge for partial or full transfers, while Robinhood imposes a fee of $100 for both. Consequently, investors focusing on options trading and potential account transfers might find Robinhood more cost-effective.
Examining margin account fees, Merrill Edge's rates vary based on the balance, while Robinhood provides a consistent structure. For balances below $25,000, Robinhood charges an interest rate of 6%, which slightly decreases to 5.8% for balances between $50,000 and $99,999. Although precise rates for Merrill Edge vary, understanding these differences allows potential investors to anticipate costs based on their specific margin balance. Notably, both platforms charge no fees for IRA annual maintenance, though Merrill Edge imposes a $49.95 fee for IRA closures, contrasting with Robinhood's fee-free policy.
Considering additional charges like options exercise and assignment fees, both Merrill Edge and Robinhood set these to $0, providing a seamless experience for options trading enthusiasts. This parity extends to stock trades, ensuring that investors incur no transaction costs, fostering an attractive environment for active traders. Ultimately, both Merrill Edge and Robinhood cater to different investor priorities, with Robinhood emerging as the more economical choice for options traders and those anticipating account transfers, while Merrill Edge provides competitive services for diversified investing needs.
| 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 Brokers for Free Stock Trading of 2024
When evaluating Merrill Edge and Robinhood for day trading, Merrill Edge stands out by offering streaming time and sales for stocks and level 2 quotes, which can enhance the trading experience for more active traders. These features can provide traders with real-time data on stock price movements and market depth, essential for making informed trading decisions. However, both Merrill Edge and Robinhood are found lacking in certain advanced features like direct market routing, ladder trading, trading hotkeys, and short locator tools.
Robinhood, known for its user-friendly platform, does not offer streaming time and sales or level 2 quotes, potentially placing more active traders at a disadvantage compared to Merrill Edge. Furthermore, neither platform supports advanced backtesting strategies, although Merrill Edge does offer basic strategy backtesting, providing a slight edge over Robinhood. The absence of order liquidity rebates on both platforms further aligns them as beginner-friendly options but limits incentives for high-frequency traders. Overall, for traders prioritizing real-time data and basic strategy exploration, Merrill Edge may be the more equipped platform.
| 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 of 2024
When it comes to market research capabilities, Merrill Edge emerges as a more comprehensive choice compared to Robinhood. While both platforms provide stock and ETFs research, Merrill Edge distinguishes itself by offering detailed research on mutual funds and bonds, areas where Robinhood falls short. Merrill Edge further enhances its research offerings with the ability to analyze Pink Sheets/OTCBB, portfolio allocation insights by asset class, and ESG research. This extensive range of research capabilities earns Merrill Edge a stellar 5-star rating and a top rank of #4 out of 18 brokers, while Robinhood, which lacks many of these features, holds a 2.5-star rating and is ranked #14.
For investors seeking in-depth research tools, Merrill Edge offers an impressive suite of downloadable PDF reports, with three stock-specific reports, alongside additional reports for ETFs and mutual funds. On the other hand, Robinhood does not provide downloadable PDF research reports. Merrill Edge also stands out with its screener tools for stocks, ETFs, mutual funds, and bonds, allowing investors to explore trade ideas based on specific criteria, a functionality absent in Robinhood's offerings.
Both platforms fall short in incorporating social media sentiment data in their stock research, an emerging trend in evaluating investor sentiment. However, Merrill Edge’s provision of ESG research caters to the increasing demand for socially responsible investment insights, positioning it as the better choice for environmentally and socially conscious investors. As a result, for those focused on a broader and more sophisticated research experience, Merrill Edge rises as the superior platform in this comparison.
| Feature |
Merrill Edge
|
Robinhood
|
|---|---|---|
| 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 |
|
|
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 Brokerages of 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, whereas Robinhood provides access to 19 different cryptocurrencies, making it a more suitable choice for investors interested in digital assets.
Dive deeper: Best Crypto Trading Platforms of 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 of 2024
Select Brokers
↓×Compare
0 of 5| Overall 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% | |
| Margin Rate $25,000 to $49,999.99 | Varies | 6% | |
| Margin Rate $50,000 to $99,999.99 | Varies | 5.8% | |
| Margin Rate $100,000 to $249,999.99 | Varies | 5.5% | |
| Margin Rate $250,000 to $499,999.99 | Varies | 5.5% | |
| Margin Rate $500,000 to $999,999.99 | Varies | 5.5% | |
| Margin Rate Above $1,000,000 | Varies | 5.25% |
| 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 | Yes | |
| 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 | 19 | |
| 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 | No | |
| 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 | No | |
| 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 | ||
| 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 | No | |
| Charting - Indicators / Studies | 104 | 6 | |
| Charting - Drawing Tools | 23 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Index Overlays | Yes | No | |
| 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 | 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 | 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 | 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 | No | |
| 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 | No | |
| 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) | No | 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 |
Fidelity
Merrill Edge
E*TRADE
TradeStation
Interactive Brokers
Charles Schwab
tastytrade
eToro