Fidelity vs. Merrill Edge: they are two of the most popular online brokerages. Fidelity is a full-service broker that offers a wide range of investment products and services. Merrill Edge is a discount broker that offers fewer investment options but lower fees.
Both brokers have strong reputations and are good choices for investors. Fidelity Investments and Merrill Edge they both offer a variety of investment options and have different strengths. Here’s a look at how they compare.
Fidelity Investments
Fidelity Investments is best for:
- Beginner investors.
- Frequent traders.
- Research and data.
- Customer support
- Retirement planning assistance.
» Read our full review of Fidelity.
Merrill Edge
Merrill Edge is best for:
- Existing Bank of America customers.
- High-balance customers.
- Research and data.
- Customer support.
» Read our full review of Merrill Edge.
Fidelity vs. Merrill Edge: Which Is Better For You?
Fidelity Investments offers a wide range of investment options, from stocks and mutual funds to bonds and annuities. It also has extensive research resources, including analyst reports and market data. And its customer service is highly rated.
Merrill Edge, meanwhile, offers lower commissions for online trades than Fidelity. It also has some unique tools, such as an app that lets you set up automatic investments based on your spending patterns. And it offers access to human financial advisors via phone or chat at no additional cost.
So, which one is right for you? It depends on your individual needs and preferences. If you’re looking for low fees and great customer service, Fidelity is a good choice. But if you want more investment options, Merrill Edge may be a better option.
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