Merrill Edge vs tastytrade 2025
In this head to head comparison of Merrill Edge vs tastytrade, 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 tastytrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When comparing Merrill Edge and tastytrade, both platforms show distinct strengths in their array of investment options suitable for individual needs. Merrill Edge excels in offering a wider range of traditional investments, such as mutual funds and OTC stocks, alongside standard trading options like stocks and margin trading. While tastytrade might lack these traditional elements, it compensates by providing more modern offerings like fractional shares, crypto trading, and a variety of futures. With both brokers enabling traditional and Roth IRA accounts, investors can find opportunities aligned with their retirement planning goals. Overall, Merrill Edge receives a stronger rating for its range of investments, making it a preferred choice for those seeking a more extensive traditional investment selection.
Merrill Edge provides a comprehensive selection for traditional investors, including stock trading, margin trading, mutual funds, and the added option of over-the-counter stocks, which tastytrade does not offer. The broker's inclination towards a more conventional investment catalog makes it an attractive option for investors who prioritize these classic avenues. Additionally, Merrill Edge caters to investors who seek advisory services, enhancing their experience with professional guidance and structured financial planning.
On the other hand, tastytrade stands out for those interested in alternative investment methods. It caters to the growing trend towards more diverse portfolios by offering fractional shares and options trading, along with futures and a modest selection of cryptocurrencies. For traders looking to explore the potentially lucrative and fast-paced domain of crypto and futures, tastytrade provides the necessary tools and support. While it doesn’t match Merrill Edge in certain traditional offerings, tastytrade's innovative options make it an appealing choice for more adventurous, risk-tolerant investors.
Feature |
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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 | Yes |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 4 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When considering the trading platforms and tools of Merrill Edge and tastytrade, both provide unique advantages, catering to diverse trader preferences. Merrill Edge excels with its extensive customization options and a vast array of watchlist fields, appealing to detail-oriented traders. In contrast, tastytrade stands out with downloadable desktop platforms for Windows and Mac users and an impressive selection of technical indicators and drawing tools, making it a solid choice for advanced charting needs. Both brokers receive similar high ratings, but Merrill Edge holds the edge in rankings, hinting at a slightly better satisfaction among users.
Merrill Edge offers a streamlined browser-based trading platform, complementing traders who prefer flexibility and ease of access without downloads. While it lacks paper trading and custom study creation, it provides robust chart support with features like automated technical analysis and adjustable open orders on stock charts. Moreover, its extensive watchlist customization options (285 columns) surpass tastytrade, which offers only 33 columns. Merrill Edge also excels in historical trade displays and corporate event integration directly on charts.
On the other hand, tastytrade showcases powerful features in its desktop platforms available for both Windows and Mac users, accommodating traders who favor downloadable applications. With 308 technical indicators and 31 drawing tools, it provides a comprehensive charting experience unmatched by Merrill Edge. Although it falls short in offering automated technical analysis or custom date ranges for charts, tastytrade allows the creation of custom studies, providing a level of flexibility for traders seeking unique chart configurations. Overall, both platforms serve their users well, but their strengths cater to slightly different trading styles and preferences.
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | Yes |
Desktop Platform (Mac) | No | Yes |
Paper Trading | No | No |
Watch Lists - Total Fields | 285 | 33 |
Charting - Indicators / Studies | 105 | 308 |
Charting - Drawing Tools | 23 | 31 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When it comes to educational offerings for beginners and investors, both Merrill Edge and tastytrade provide a range of resources. Merrill Edge shines with its comprehensive educational resources covering stocks, ETFs, options, mutual funds, and bonds, along with the availability of educational videos, webinars, and quizzes to enhance learning. However, it lacks paper trading and tools for tracking learning progress. In comparison, tastytrade offers education on stocks, ETFs, and options, but does not cover mutual funds or bonds. While it provides webinars and features for tracking educational progress, it falls short by not offering educational videos or quizzes. Both platforms do not offer paper trading, which might be a consideration for beginners looking for practice opportunities without financial risk.
Overall, Merrill Edge is highly rated with 4.5 stars for its educational content and is ranked #5 out of 16 brokers by StockBrokers.com, reflecting its all-encompassing approach to investor education. In contrast, tastytrade holds a solid 4-star rating and stands at #10 in the same ranking. While both have their strengths, Merrill Edge might be more appealing for those who prefer a wider array of educational content and learning tools, especially in mutual funds and bonds, whereas tastytrade might attract users looking for progress tracking features in their educational experience.
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 | No |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When considering stock trading apps, Merrill Edge and tastytrade both provide solid options for investors, yet they cater to somewhat different needs. Merrill Edge, ranked 6th out of 16 brokers by StockBrokers.com, offers comprehensive features with a strong focus on stock alerts and technical charting, making it appealing for those closely monitoring stock metrics. Meanwhile, tastytrade, ranked 10th, shines in customization, allowing users to precise their watch list displays and access after-hours charting, which can be beneficial for those seeking flexibility. Both apps are available on iPhone and Android, scoring an equal 4.5-star rating in overall customer satisfaction.
The Merrill Edge app offers a range of services beneficial for detail-oriented traders. It provides mobile options trading and streaming quotes, ensuring a dynamic trading experience. While lacking in video features, it supports stock alerts, along with the ability to create and view watch lists. Merrill Edge stands out with its charting capabilities—offering 34 technical studies and the ability to display stock comparisons, allowing users to perform a more thorough data analysis directly from their mobile app. However, features like after-hours charting and watch list column customization are absent, limiting some flexibility for active traders.
Tastytrade, on the other hand, caters to traders who prioritize a customizable trading interface. This app excels with its mobile-friendly platform that allows users to modify watch list columns and engage in mobile after-hours trading, which some users might find critical. Though it doesn't offer technical studies or stock comparison on charts, its integration of features like landscape chart viewing and the ability to observe multiple time frames provides sufficient tools for tactical decision-making. Both platforms share limitations such as the lack of streaming live TV and on-demand videos. Each app delivers a specialized feature set tailored to suit different trading styles, providing solid options for today’s mobile investors.
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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 | Yes |
Charting - Technical Studies | 34 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing the account fees and charges of Merrill Edge and tastytrade, both platforms offer competitive pricing with some key differences. Both Merrill Edge and tastytrade do not require a minimum deposit, and they provide commission-free trading for regular stocks. However, tastytrade has a slight edge in options trading, charging $0.50 per contract compared to Merrill Edge's $0.65. In terms of margin rates, tastytrade offers more transparency with specified rates, while Merrill Edge’s rates vary depending on the margin balance.
Regarding retirement accounts, both brokers offer $0 annual fees for IRAs, but Merrill Edge charges a $49.95 fee for account closure, slightly less than tastytrade's $60 fee. For account transfers, Merrill Edge shows a cost-effective advantage with no fees for both partial and full ACAT transfers, whereas tastytrade charges $75 for either. Additionally, Merrill Edge does not charge for options exercise or assignment fees, while tastytrade imposes a $5 fee for each.
Overall, both online brokers stand out by offering $0 commission stock trading and no IRA annual fees. Tastytrade presents lower options contract fees and clear margin rates, suitable for active options traders and those using margin. Meanwhile, Merrill Edge is attractive to cost-conscious investors with free account transfers and no fees for options exercises and assignments. Depending on your trading style and financial needs, both platforms offer unique benefits.
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.50 |
Options Exercise Fee | $0.00 | $5.00 |
Options Assignment Fee | $0.00 | $5.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $49.95 | $60.00 |
Dive deeper: Best Free Trading Platforms for 2025
When it comes to day trading, Merrill Edge and tastytrade each have their own strengths and limitations. Merrill Edge stands out with its streaming time and sales feature, which provides real-time transaction details that day traders find valuable. They also offer level 2 quotes and basic strategy backtesting, which can help traders analyze market depth and test simple trading strategies. However, Merrill Edge falls short in offering streaming live TV and does not support direct market routing, ladder trading, or trading hotkeys, which might be essential for more active day traders.
On the other hand, tastytrade excels in areas like streaming live TV, offering traders access to market news and analysis, and ladder trading, which allows for a more detailed view of market price levels. A notable tool in tastytrade's arsenal is its short locator tool, providing real-time access to available shares for short selling—a beneficial feature for traders focusing on short-term strategies. Despite these advantages, tastytrade does not provide streaming time and sales, level 2 quotes, or any form of strategy backtesting, which could limit a trader’s ability to perform in-depth analysis. Both brokers lack direct market routing and trading hotkeys, so traders will need to weigh these features against their personal trading needs.
Feature |
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Streaming Time & Sales | Yes | No |
Streaming TV | No | Yes |
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 | Yes |
Dive deeper: Best Day Trading Platforms for 2025
When evaluating market research capabilities, Merrill Edge clearly stands out with its comprehensive offerings compared to tastytrade. Merrill Edge provides extensive research options across multiple asset classes, including stocks, ETFs, mutual funds, Pink Sheets, and bonds. In contrast, tastytrade offers limited research capabilities, lacking resources for mutual funds, Pink Sheets, and bonds. Additionally, Merrill Edge gives users the advantage of downloadable PDF reports and a variety of screeners to identify trade ideas, features that tastytrade does not offer.
Merrill Edge further enhances its research services by offering ESG research, allowing investors to consider the ethical impacts of their investments. Although neither Merrill Edge nor tastytrade incorporates social media sentiment in their research, Merrill Edge remains a more versatile choice for investors looking for a diverse range of analytical tools. Both platforms allow users to view portfolio allocation by asset class, providing an essential aspect of portfolio management.
Overall, Merrill Edge is the superior choice for market research, earning a rating of 5 out of 5 stars and ranking #5 out of 16 brokers according to StockBrokers.com. In comparison, tastytrade receives a lower rating of 1.5 stars and ranks #13, reflecting its limited research capabilities. For investors seeking depth and a wide selection of research resources, Merrill Edge provides a more thorough and feature-rich experience.
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 it comes to banking options, Merrill Edge outshines tastytrade with a more comprehensive range of services. Merrill Edge caters to customers with checking and savings accounts, while tastytrade doesn't provide these options. If you're looking for payment cards, Merrill Edge has you covered with debit and credit cards, a feature absent from tastytrade's offerings. Furthermore, Merrill Edge extends its banking capabilities with mortgage loans and certificates of deposit (CDs), areas where tastytrade again falls short. For those seeking a versatile banking experience alongside their online investing, Merrill Edge clearly offers a broader suite of financial services compared to tastytrade.
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 tastytrade. Merrill Edge finished with an overall score of 92.7%, while tastytrade finished with a score of 80.1%.
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 tastytrade provides options for trading cryptocurrencies, supporting 4 different coins.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both Merrill Edge and tastytrade offer traditional and Roth IRA accounts with no annual fees; however, Merrill Edge charges a $49.95 closure fee, while tastytrade charges a higher closure fee of $60.00.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | Merrill Edge | tastytrade | |
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Education |
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Winner | check_circle | ||
Review | Merrill Edge Review | tastytrade Review |
Broker Screenshots | Merrill Edge | tastytrade | |
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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 | tastytrade | |
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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 | $0.50 | |
Futures (Per Contract) | (Not offered) | $1.25 | |
Broker Assisted Trade Fee | $29.95 | $0 |
Margin Rates | Merrill Edge | tastytrade | |
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Margin Rate Under $25,000 | Varies | 11% | |
Margin Rate $25,000 to $49,999.99 | Varies | 10.5% | |
Margin Rate $50,000 to $99,999.99 | Varies | 10% | |
Margin Rate $100,000 to $249,999.99 | Varies | 9.5% | |
Margin Rate $250,000 to $499,999.99 | Varies | 9% | |
Margin Rate $500,000 to $999,999.99 | Varies | 8.5% | |
Margin Rate Above $1,000,000 | Varies | 8% |
Account Fees | Merrill Edge | tastytrade | |
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IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $49.95 | $60.00 | |
Account Transfer Out (Partial) | $0.00 | $75.00 | |
Account Transfer Out (Full) | $0.00 | $75.00 | |
Options Exercise Fee | $0.00 | $5.00 | |
Options Assignment Fee | $0.00 | $5.00 |
Investment Options | Merrill Edge | tastytrade | |
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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 | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 4 | |
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 | tastytrade | |
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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 | Yes | |
Order Type - OTO | No | Yes | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | Merrill Edge | tastytrade | |
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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 | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | Yes | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Merrill Edge | tastytrade | |
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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 | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | No | Yes |
Stock App Features | Merrill Edge | tastytrade | |
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Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | No | Yes |
Stock App Charting | Merrill Edge | tastytrade | |
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Charting - After-Hours | No | Yes | |
Charting - Can Turn Horizontally | Yes | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 34 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | Merrill Edge | tastytrade | |
---|---|---|---|
Active Trading Platform | Merrill Edge Market Pro | tastytrade | |
Desktop Trading Platform | No | Yes | |
Desktop Platform (Mac) | No | Yes | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 285 | 33 |
Stock Chart Features | Merrill Edge | tastytrade | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 105 | 308 | |
Charting - Drawing Tools | 23 | 31 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | Yes | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 7 | |
Charting - Custom Studies | No | Yes |
Day Trading | Merrill Edge | tastytrade | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | Yes | |
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 | Yes | |
Order Liquidity Rebates | No | No |
Research Overview | Merrill Edge | tastytrade | |
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Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | No | |
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 | Yes |
Stock Research | Merrill Edge | tastytrade | |
---|---|---|---|
Stock Research - PDF Reports | 3 | 0 | |
Stock Research - Earnings | Yes | No | |
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 | tastytrade | |
---|---|---|---|
ETFs - Strategy Overview | Yes | No | |
ETF Fund Facts - Inception Date | Yes | No | |
ETF Fund Facts - Expense Ratio | Yes | No | |
ETF Fund Facts - Net Assets | Yes | No | |
ETF Fund Facts - Total Holdings | Yes | No | |
ETFs - Top 10 Holdings | Yes | No | |
ETFs - Sector Exposure | Yes | No | |
ETFs - Risk Analysis | Yes | Yes | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | Merrill Edge | tastytrade | |
---|---|---|---|
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 | tastytrade | |
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Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 68 | 20 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | Yes | |
Option Probability Analysis Adv | No | Yes | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | Yes | |
Option Positions - Adv Analysis | Yes | Yes | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | Yes |
Banking | Merrill Edge | tastytrade | |
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Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | No | |
Mortgage Loans | Yes | No |
Customer Service | Merrill Edge | tastytrade | |
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Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | No | Yes | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | No |
Overall | Merrill Edge | tastytrade | |
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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 | tastytrade Review |