Merrill Edge is a discount brokerage from Bank of America. With this broker, you can open a self-directed investment account with no recurring fees and no commissions on stocks or exchange-traded funds (ETFs).
Plus, Merrill Edge provides some of the best research tools and ESG investing capabilities on the market. And if you need a helping hand, it offers managed portfolios and professional investment advisors for an added fee. Overall, it’s an excellent choice for hands-off and active investors alike.
Pros
- Commission-free stock and ETF trading
- Merrill Edge has platforms for voth beginner and expert traders
- Comprehensive ESG investing options
- Extensive research and education resources
Cons
- Fees for managed portfolios are higher than some competitors
- No fractional share investing
- No cryptocurrency investing