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Merrill Edge

Posted on 11/9/15 at 1:41 pm
Posted by Amblin
Member since Sep 2011
2577 posts
Posted on 11/9/15 at 1:41 pm
Anyone use it that can give a review or recommend it or another site for investing? Seems like they make you jump through hoops to verify who you are, etc.
Posted by Jag_Warrior
Virginia
Member since May 2015
4135 posts
Posted on 11/9/15 at 5:40 pm to
If you're even a semi-active trader, I would caution you to read the various online reviews and rankings before placing money in a Merrill Edge account. Depending on the size of your account or status at BofA, you can trade for (basically) free. I have high blood pressure. And based on their tendency to have account "issues", I was concerned that they might kill me within the first six months. I took a pass. But YMMV.
Posted by FriscoTiger
Frisco, TX
Member since Aug 2005
3509 posts
Posted on 11/9/15 at 10:29 pm to
I get 15 free trades a month. I usually only make 1 or 2, but I have never had any issues.
Posted by jeepfreak
Back in the BR
Member since Oct 2003
19433 posts
Posted on 11/10/15 at 7:45 pm to
quote:

Anyone use it that can give a review


I've got an account there. Their research dept is great. However, if you want to buy penny stocks (under $1.00), you have to have at least $25k in the account or they won't let it go through. Dunno why. I had to move some extra money over after I opened it as a play account to be able to buy some pennies. Other than that, I like it. The mobile app works great and you can pull down reports to your smart phone or tablet on the go.

You can also deposit funds to the account at any Merrill Lynch office.
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