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TradeStation vs Merrill Edge


 TradeStation
 Visit SiteLearn More
 

TradeStation

Merrill Edge

SPECIAL OFFER
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - Learn More

SPECIAL OFFER
$100 Bonus Offer - Learn More

 

Benefits and Features

Stock Trading
$0 commission
$0 per trade
Options Trading$0 Commission + $0.60 per contract
$0 + $0.65 per contract
Annual Fee
None
 
Minimum Deposit
$0
$0
Mutual Fund Trading
$14.95 per transaction
$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds
Commission Free ETFs
more than 2,000 ETFs
Check
Phone Support800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
 
Live Chat SupportYes (Monday - Friday, 8AM - 5PM ET) 
Email Support
Yes (Sales@TradeStation.com)
 
Human Advisors
Yes
 
Robo Advisor
No
 
Penny Stocks
Yes
 
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
No
 
Broker Assisted Trades
$25
$29.95
Good For
Day Traders
 
Inactivity Fee
$10/month
None
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.5 stars, 17.3K ratings)
 
Android App
Yes (4.4 stars, 5.98K ratings)
 
Banking
No
Through Bank of America
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor AuthenticationAuth0 Guardian app, SMS, or Google Authenticator app 
Forex TradingYes (not available in TradeStation US)
No
Futures Trading
Yes
No
Bond Trading
Yes
 
CFD TradingYes (CFD trading is not permitted in the US.) 
Currency TradingYes (not available in TradeStation US) 
Customer ServiceMonday – Friday, 8:00 a.m. – 5:00 p.m. ET
  • Live Chat
  • Phone Support: 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
  • Email: Sales@TradeStation.com
24/7
Locations
Online only
More than 2,100 Bank of America locations
Online Community
Yes
No
Seminars
Yes
Yes
Trading PlatformDesktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto 
Virtual Trading
Yes
No
Fractional Shares
No
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Merrill Edge: Pricing information from published websites as of 08/01/2024.

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.


Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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