TD Ameritrade Vs Merrill Edge – Which is the Best Online Trading Broker?

Written By: Ehsan Jahandarpour

best invest trading broker

If you are looking for a brokerage account that offers the best online trading experience, there are several options available. You can try TD Ameritrade or Merrill Edge, which are two well-known names in the industry. However, before you choose a brokerage, you should understand what these companies offer. This article compares their features and services.

Merrill Edge

For beginners, Merrill Edge offers simple flat-rate pricing with no minimum balance or trade requirements. The company also offers one-on-one guidance from Financial Solutions Advisors if you invest more than $20,000 with them. To learn more about how Merrill Edge works, visit its pricing page.

Merrill Edge has an impressive reputation for customer service and a responsive support team. Its customer service representatives are available 24 hours a day to answer questions. They can also be reached through a messaging system. In addition, Merrill Edge offers discounts to existing Bank of America customers.

The brokerage offers three types of accounts. First, there’s the guided option, where Merrill Edge will recommend investments based on your risk tolerance and investing goals. You can also choose from advisor-led or self-directed accounts. The advisor-led account helps you learn the ins and outs of investing, and they can help you decide what kind of investments are right for you. For more experienced investors, Merrill Edge has an extensive library of training materials.

Merrill Edge offers its clients a desktop trading platform, MarketPro. Designed for experienced investors, MarketPro is customizable and provides easy access to up to 178 investment statistics. It also allows you to save up to 25 different dashboard layouts, and you can choose from one of these or use pre-baked layouts. Additionally, Merrill Edge provides access to over 104 technical indicators. Another benefit of Merrill Edge is its optionsPlay tool, which lets you test out your trading strategies before making a trade.

Merrill Edge also offers excellent portfolio analysis capabilities. Portfolio reports are generated overnight and include MSCI ESG scores and analyst ratings. Its proprietary tool, Portfolio Story, is a useful piece of portfolio analysis technology. It allows you to see a complete breakdown of your portfolio and its performance by holdings, and provides detailed information about the companies you own.

In addition to online trading, Merrill Edge also offers a desktop trading platform called Market Pro. This trading platform is designed for active investors, with minimum balances of $50,000 or more. Another advantage of Merrill Edge is that it allows users to access their portfolio from their mobile devices. With its user-friendly trading platform and robust mobile app, it’s easy to navigate.

TD Ameritrade

When it comes to customer support, TD Ameritrade is among the best. They have hundreds of branch offices across the United States and offer phone, email, and text support around the clock. They are also accessible on social media. Moreover, they have a free antivirus and spyware program. In addition, they offer an Asset Protection Guarantee that reimburses you if your accounts are compromised by unauthorized activity.

Although TD Ameritrade doesn’t offer direct access to cryptocurrency, they do offer the opportunity to trade in crypto-themed ETFs. These investments aren’t available through direct purchase, but are a great option for investors on a tight budget. TD Ameritrade has access to 400,000 global data points and offers a wealth of third-party investment research.

TD Ameritrade also offers several trading platforms. The easiest to use is the desktop platform. To place a buy or sell order, simply enter the ticker symbol of the stock you’d like to buy or sell. You can also access your order ticket by logging into your account.

TD Ameritrade excels at mutual funds and exchange traded funds (ETFs). They also have a large selection of ETFs and the ability to buy and sell without commission. This allows clients to save money on trading costs. In addition to offering a variety of investing options, TD Ameritrade also offers expert guidance.

TD Ameritrade also provides online investing education. They offer a virtual investment consultant that walks you through trading and investing topics. These experts can even guide you through the process in your own time. In addition to online training, TD Ameritrade also offers an extensive library of instructional materials to help you make better investments.

TD Ameritrade offers many different types of accounts, including Roth and traditional IRAs. In addition, they offer education savings accounts and individual trusts. While the company does not offer 529 plans, it does offer fractional shares that allow you to make smaller investments. However, it is important to note that you need to have a full share in order to execute a trade.

The platform is intuitive and easy to use. Moreover, it offers an extensive catalog of analytical tools and research reports. It also features mobile trading functionality.

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