#MERILL EDGE REVIEW FULL#
#MERILL EDGE REVIEW PLUS#

Bank of America, Merrill Edge’s parent company, has a high A rating from independent cybersecurity reviewer UpGuard, scoring 912 out of 950. Investors looking for a secure online app will find one in Merrill Edge, which scores a 10 out of 10 in safety. No annual fee, inactivity fee, transfer fee, and closing fee for brokerage accounts. Stocks, ETFs, options, mutual funds, annuities, certificates of deposit, and bonds You may have to sacrifice crypto trading, but you do get a highly satisfying and convenient experience, especially if you’re already a Bank of America client. If secure trading is your top concern, then Merrill is what we recommend. With this score, it earns the number 1 spot in our list of best investing apps. Merrill Edge will collect plenty of data from you otherwise.Īll in all, we rate Merrill Edge a solid 9/10. In terms of security, we can give Merrill Edge a strong recommendation, with the following caveat: be sure to disable your cookies while on the website.

#MERILL EDGE REVIEW PLUS#

Merrill Edge also gets plus points for being one of the few no-commission trading platforms on the market and for not engaging in payment-for-order flow. Currently, you can only open an account if you’re residing in the United States, and people with foreign citizenship may need to provide a copy of their green card.įor US-based traders and existing Bank of America customers, Merrill is the best option, especially if you’re looking to keep your financial activity under one roof. Merrill Edge is a trading platform that provides the necessary security and safety required from stock trading apps. Additional coverage through Lloyd’s of London up to $1 billion SIPC-insured up to $500,000 for securities, up to $250,000 cash. No financial or material losses in past four years due to technology failure, cyberattacks, or data or security breachesĮasily integrated with Bank of America for existing customers No significant data breaches in 2020 or 2021 Two-factor authentication for login from new devices (SMS or email code)ġ28-bit encryption is solid but could be strongerīiometric authentication for mobile app (facial ID or fingerprint)

Parent company Bank of America has some aggressive personal data-sharing marketing strategies Strong, clear Fraud Protection Guarantee against unauthorized activity

#MERILL EDGE REVIEW FULL#

Think you might be interested in joining the ranks? Have a look at our full breakdown of just how safe and secure the platform is. More than 57 million users and small businesses trust their trading and brokerage accounts to the Merrill Edge platform and app. It’s the most convenient app for existing BofA customers and it’s also one of the few no-commission trading platforms available today. Launched by Bank of America, Merrill Edge is a secure investment app with backing from one of the largest banks in the United States.

Merill edge review