Merrill Edge review: Pros, cons, and who should open an account - Business Insider

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Merrill Edge investing review: Trade on your own or use a financial advisor — and Bank of America clients get extra perks

. And you'll have three different trading platforms to choose from: the Merrill Edge web platform, the mobile app, and Merrill Edge Market Pro.

On the research side of things, Merrill Edge provides investing insights and third-party analysis from Morningstar, Inc., CFRA, Moody's, and multiple other investment analysis companies. You'll also have access to Bank of America Global Research, and you can skim the latest stock market quotes and commentary on the brokerage's digital apps.

Merrill Edge is also a competitive option for Bank of America customers since it lets you integrate your personal Bank of America accounts with your Merrill Edge accounts.

One of the main drawbacks to look out for is that you won't be able to purchase specialty investments such as cryptocurrencies, precious metals, money market funds, and more. If you've got any questions, though, Merrill Edge provides 24/7 customer service and a live chat feature. Bottom Line: Merrill Edge has options for every type of investor, but it's especially convenient for Bank of America account holders thanks to the potential to get discounts and the ability to connect your accounts. The brokerage offers a combination of self-directed and advised investing accounts, three trading platforms, and investment research materials.

 

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