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Merrill Edge vs tastytrade 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

Merrill Edge
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
tastytrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50 info

Range of investments

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 Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes info
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No Yes
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 4
Range of Investments 4.5/5 Stars 4/5 Stars

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

Trading platforms and tools

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.

Feature Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No Yes
Paper Trading info No No
Watch Lists - Total Fields info 285 33
Charting - Indicators / Studies info 105 308
Charting - Drawing Tools info 23 31
Platforms & Tools 4/5 Stars 4/5 Stars

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

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Beginners and education

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 Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Education 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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.

Feature Merrill Edge logoMerrill Edge
tastytrade logotastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info No Yes
Charting - Technical Studies info 34 0
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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.

Feature Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.50 info
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $49.95 $60.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Streaming Time & Sales info Yes No
Streaming TV info No Yes
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info No Yes

Dive deeper: Best Day Trading Platforms for 2025

Market Research

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 Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 1.5/5 Stars

Banking

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 Merrill Edge logoMerrill Edge
tastytrade logotastytrade
Checking Accounts info Yes No
Savings Accounts info Yes No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Merrill Edge is better than 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.

FAQs

Can you trade cryptocurrency with Merrill Edge or tastytrade?

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

Does Merrill Edge or tastytrade offer IRAs?

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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Compare

0 of 5
Overall Rating Merrill Edge tastytrade
Overall 4.5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 5/5 Stars 1.5/5 Stars
Customer Service 4.0/5 Stars 4.0/5 Stars
Education 4.5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Merrill Edge Review tastytrade Review
Broker Screenshots Merrill Edge tastytrade
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
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee info Varies info N/A info
Options (Per Contract) info $0.65 $0.50 info
Futures (Per Contract) info (Not offered) $1.25
Broker Assisted Trade Fee info $29.95 $0
Margin Rates Merrill Edge tastytrade
Margin Rate Under $25,000 info Varies info 11%
Margin Rate $25,000 to $49,999.99 info Varies info 10.5%
Margin Rate $50,000 to $99,999.99 info Varies info 10%
Margin Rate $100,000 to $249,999.99 info Varies info 9.5%
Margin Rate $250,000 to $499,999.99 info Varies info 9%
Margin Rate $500,000 to $999,999.99 info Varies info 8.5%
Margin Rate Above $1,000,000 info Varies info 8%
Account Fees Merrill Edge tastytrade
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $49.95 $60.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Merrill Edge tastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes info
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No Yes
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 4
Mutual Funds (No Load) info 2952 0
Mutual Funds (Total) info 3466 0
Bonds (US Treasury) info Yes No info
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types Merrill Edge tastytrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No Yes
Order Type - OTO info No Yes
Order Type - Broker Assisted info Yes Yes
Beginners Merrill Edge tastytrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No Yes
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Merrill Edge tastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No Yes
Stock App Features Merrill Edge tastytrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info No Yes
Stock App Charting Merrill Edge tastytrade
Charting - After-Hours info No Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 34 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms Merrill Edge tastytrade
Active Trading Platform info Merrill Edge Market Pro tastytrade
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No Yes
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 285 33
Stock Chart Features Merrill Edge tastytrade
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 105 308
Charting - Drawing Tools info 23 31
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 7
Charting - Custom Studies info No Yes
Day Trading Merrill Edge tastytrade
Streaming Time & Sales info Yes No
Streaming TV info No Yes
Direct Market Routing - Stocks info No No
Ladder Trading info No Yes
Trade Hotkeys info No No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info No Yes
Order Liquidity Rebates info No No
Research Overview Merrill Edge tastytrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Merrill Edge tastytrade
Stock Research - PDF Reports info 3 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Merrill Edge tastytrade
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Merrill Edge tastytrade
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Merrill Edge tastytrade
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 68 20
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info No Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking Merrill Edge tastytrade
Bank (Member FDIC) info Yes No
Checking Accounts info Yes No
Savings Accounts info Yes No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service Merrill Edge tastytrade
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info No Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Merrill Edge tastytrade
Overall 4.5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 5/5 Stars 1.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Merrill Edge Review tastytrade Review
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