Merrill Edge offers $0 trades with industry-leading research tools (especially ESG Advanced research tools: Merrill (previously Merrill Lynch) institutional research and Select one or more of these brokers to compare against Merrill Edge. Merrill Edge is a full-service, beginner-friendly broker with low fees, but Merrill Edge is a part of Bank of America's retail banking division, Bank of America Merrill Lynch. It's beneficial in the sense that customers can start trading with any On the other hand, when we compare Chase checking accounts. Fees and commissions vary widely between the two companies. Merrill Lynch does not offer self-directed accounts, so its pricing schedule is for managed account services. Merrill Edge, on the other hand, offers both self-directed and low-cost managed accounts. A Merrill Edge brokerage account comes with no annual fee. It's not quite a robo-advisor because this service combines technology with human insight from a financial advisor. A basic screener is at the top, or links to find funds that contain stocks you've looked at recently. Clients can filter the news stream by holdings or watchlists, and can uncheck certain news providers. Life events education: Through Merrill Edge's Guidance difference between merrill lynch and merrill edge Retirement Center, customers can conduct goal planning for all of life's many events, use calculators to determine areas for improvement, read educational articles, watch videos, schedule one-on-one appointments, and more. Second, direct market routing or advanced order types, such as conditional orders, are not supported.