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Partnership Disclosure
We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the rollover service free, but it never impacts the fees you’ll pay on your new account. We only win if you do, and our job is to help you simplify your retirement accounts. We also help people who already have an IRA account even though we might receive no compensation in these situations—because it’s just the right thing to do!

Merrill Edge Self Directed IRA Review 2024: Features, Fees, and More

Updated on May 1, 2024

Learn about our Editorial Process

Key Takeaways
  • A Merrill Edge self-directed IRA offers solid research and educational tools in a platform with $0 trades on stocks and ETFs and no account minimum.
  • However, Merrill Edge doesn’t offer fractional shares, futures, forex, or cryptocurrency, and some additional discounts are reserved for Bank of America customers.
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Consolidate all of your old 401(k)s into a Merrill IRA.
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Merrill Edge Self Directed IRA Snapshot

Best if you want
A strong trading platform with great access to research and data, integrated with Bank of America.
Fees
$0 online trades for stocks and exchange-traded funds (ETFs)
What you can invest in
Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations
Some extra benefits (e.g. fee discounts) are reserved for Bank of America customers.
Account minimum
$0
Ease of Use
Star filledStar filledStar half
2.5 stars
Checkmark Pros

• Integrated with Bank of America Corporation and therefore convenient for existing customers
• Solid research and educational tools integrated with the platform
• $0 trades on stocks and ETFs
• $0 account minimum and account fees

Checkmark Cons

• No fractional shares, futures, forex, or cryptocurrency
• Some additional discounts reserved for Bank of America customers

Ready to take control of your assets?
Capitalize helps you consolidate your old 401(k)s by rolling them into an IRA of your choosing. Use an existing IRA if you have one, or we’ll help you open one if you don’t.
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