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Merrill Edge charges $6.95 for Equity and ETF trades
Trade Costs
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No account minimum
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No commission-free ETFs
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Possible for customers who have an average combined balance of $50,000 or $100,000 in certain Bank of America and Merrill Edge or Merrill Lynch accounts to qualify for 30 or 100 free stock and ETF trades each month, respectively
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Unlikely for young or new investors
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Fees and Minimums
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Subsidiary of Bank of America (BOA) so could be a seamless connection to a checking or savings account
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In-person support at BOA branches
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Easy access from BOA ATMs and can pay bills with balance
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High-end research
Other Features
Bottom Line
Merrill Edge is a great option if you have a BOA account because you have in-person assistance and the possibility to qualify for free trades. However, if you are looking for a wide range of no-fee ETFs or funds this is not the place for you.