Company Profile
| Merrill Lynch Review Summary | |
| Founded | 2010 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Markets Instruments | Stocks, mutual funds, ETFs, fixed income, bonds, options |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Merrill Edge |
| Minimum Deposit | / |
| Customer Support | Email: ContactME@ml.com |
| Phone: 866 706 8321 | |
| Social Media: LinkedIn, X, YouTube | |
Merrill Lynch Information
Merrill Lynch is a US financial services company founded in 2010. Its main products cover stocks, mutual funds, ETFs, fixed income, bonds, and options. However, Merrill Lynch has no regulations now.
Pros and Cons
| Pros | Cons |
| Strong relationship with Bank of America | No regulation |
| Multiple online trading instruments | Lack of transparency |
| Commission fees charged |
Is Merrill Lynch Legit?
No. Merrill Lynch has no regulations currently. Please be aware of the risk!
What Can I Trade on Merrill Lynch?
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Mutual Funds | ✔ |
| ETFs | ✔ |
| Fixed Income | ✔ |
| Bonds | ✔ |
| Options | ✔ |
Fees
| Products | Fee Type | Fee |
| Stocks & ETFs | Broker-assisted trades | $29.95 |
| Options | Broker-assisted trades | $29.95 per trade + $0.65 per contract |
| Exercised / Assigned | $0 per trade | |
| Mutual Funds | Load-waived funds | $0 per transaction |
| No load, no transaction fee funds (NTF) | $0 per online transaction + $39.95 short-term redemption fee applies if the fund is held less than 90 days | |
| No load, transaction fee funds (TF) | $19.95 per online transaction + $29.95 broker-assisted transaction | |
| Fixed Income & Bonds | New issues including Brokered CDs | $0 |
| Treasuries, including Auction and Secondary | $0 for online trades, $29.95 per trade for broker-assisted trades | |
| Other Secondary trades | $1 per bond for online trades, $1 per bond +$29.95 per trade for broker-assisted trades |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Merrill Edge | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
