SogoTrade vs Merrill Edge Comparison: Fees, Features, and More (2025)

SogoTrade and Merrill Edge are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: SogoTrade vs Merrill Edge (2025)
Feature SogoTrade Merrill Edge
Website https://www.sogotrade.com/ https://www.merrilledge.com/
Broker Type Discount Full-Service
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 for limit orders, $2.88 for market orders No fee
Fractional Shares? No No
Percent Allocations? No No
Crypto Trading? No No
Crypto Fees not applicable not applicable
Options Trading? Yes Yes
Options Fee 50 cents 65 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? No Yes
Total Mutual Funds None Over 2,300
NTF Mutual Funds None Over 800
Non-NTF Fund Fee not applicable $19.95
Early Redemption Fee? not applicable Yes
Redemption Hold (Days) not applicable 90 days
Early Redemption Fee not applicable $39.95
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No Yes
CDs Offered? No Yes
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Power Portfolios Merrill Guided Investing
Robo-Advisor Fes 0.75% 0.30% to 0.45%
Basics: Headquarters New York, NY Charlotte, NC
Year Founded 1986 2010
Clearing Firm Apex Clearing Merrill Lynch Pierce Fenner & Smith
Local Branches? No Yes, about 2,800 locations
New Account Minimum unavailable $0

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