Merrill Edge: Fees, Features, and More (2025)

Merrill Edge blends online convenience with brick‑and‑mortar access through thousands of Bank of America branches. Investors can trade options at $0.65 per contract, choose from more than 2,300 mutual funds (including 800+ no‑transaction‑fee choices), and earn automated portfolio management via Merrill Guided Investing for 0.30 – 0.45 % in advisory fees. Bond and CD trading, margin and IRA accounts, plus a money‑market sweep round out a comprehensive product lineup—available with no account minimum.

Detailed feature breakdown for Merrill Edge brokerage (2025)
Feature
Website https://www.merrilledge.com/
Broker Type Full-Service
Trading: Stock & ETF? Yes
ETF & Stock commission No fee
Fractional Shares? No
Percent Allocations? No
Crypto Trading? No
Crypto Fees not applicable
Options Trading? Yes
Options Fee 65 cents
Bond Trading Available? Yes
Pays for Order Flow (PFOF)? Yes
Interface: Web trading? Yes
Desktop trading? No
API Trading? No
Mutual Funds: Offered? Yes
Total Mutual Funds Over 2,300
NTF Mutual Funds Over 800
Non-NTF Fund Fee $19.95
Early Redemption Fee? Yes
Redemption Hold (Days) 90 days
Early Redemption Fee $39.95
Accounts: Margin Accounts? Yes
IRAs Offered? Yes
HSAs Offered? No
Money Market Sweep? Yes
CDs Offered? Yes
Robo-Advisor: Offered Yes
Robo-Advisor Service Merrill Guided Investing
Robo-Advisor Fes 0.30% to 0.45%
Basics: Headquarters Charlotte, NC
Year Founded 2010
Clearing Firm Merrill Lynch Pierce Fenner & Smith
Local Branches? Yes, about 2,800 locations
New Account Minimum $0

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