Jake Tech Lab

E*Trade vs Merrill Edge

E*Trade and Merrill Edge are level on what each company publishes and what independent review sites report. The one that matters for you may be one the leader loses.

E*Trade
E*Trade
6.3
Fair
1 of 6 rounds
vs
Merrill Edge
Merrill Edge
6.3
Fair
1 of 6 rounds

The verdict

It's a dead heat.

Neither pulls ahead on the published figures and review sites, so the decision is in the details this comparison cannot see. Check the current figures on both pages.

Choose E*Trade if…

  • • You want E*Trade's edge on how many trustpilot reviews

Choose Merrill Edge if…

  • • You want Merrill Edge's edge on what customers say on trustpilot

Round by round

  1. Round 1What customers say on TrustpilotMerrill Edge wins
    E*Trade5/10

    1.1 out of 5

    TrustScore from 769 reviews on Trustpilot

    • 1.1 out of 5, against 1.3 out of 5

    Source: trustpilot.com ↗

    Merrill Edge8/10

    1.3 out of 5

    TrustScore from 128 reviews on Trustpilot

    Source: trustpilot.com ↗

    Merrill Edge wins this round on independent review-site data, not on its own claims.

  2. Round 2What an options contract costsTie
    E*Trade7/10

    65 cents

    per options contract, 50 cents at 30 or more trades a quarter

    Source: work-club.com ↗

    Merrill Edge7/10

    65 cents

    per options contract

    Source: work-club.com ↗

    Nothing to separate them here.

  3. Round 3What StockBrokers.com scored itTie
    E*Trade7/10

    4.5 out of 5 stars

    StockBrokers.com rating

    Source: stockbrokers.com ↗

    Merrill Edge7/10

    4.5 out of 5 stars

    StockBrokers.com rating

    Source: stockbrokers.com ↗

    Nothing to separate them here.

  4. Round 4What a stock trade costsTie
    E*Trade7/10

    $0

    US stock trades

    Source: work-club.com ↗

    Merrill Edge7/10

    $0

    US stock trades

    Source: work-club.com ↗

    Nothing to separate them here.

  5. Round 5What it takes to open an accountTie
    E*Trade7/10

    $0

    no account minimum

    Source: work-club.com ↗

    Merrill Edge7/10

    $0

    no account minimum

    Source: work-club.com ↗

    Nothing to separate them here.

  6. Round 6How many Trustpilot reviewsE*Trade wins
    E*Trade8/10

    769 reviews

    reviews on Trustpilot, rated 1.1 out of 5

    Source: trustpilot.com ↗

    Merrill Edge5/10

    128 reviews

    reviews on Trustpilot, rated 1.3 out of 5

    • 128 reviews, against 769 reviews

    Source: trustpilot.com ↗

    E*Trade wins this round on independent review-site data, not on its own claims.

Merrill EdgeMerrill Edge

Side by side

Overall score
6.3
6.3
Price
See price
See price
What customers say on Trustpilot
5.3
6.2
What an options contract costs
6.3
6.3
What StockBrokers.com scored it
6.3
6.3
What a stock trade costs
7.0
7.0
What it takes to open an account
7.0
7.0
Head-to-head findings
What customers say on Trustpilot
1.1 out of 5
1.3 out of 5
What an options contract costs
65 cents
65 cents
What StockBrokers.com scored it
4.5 out of 5 stars
4.5 out of 5 stars
What a stock trade costs
$0
$0
What it takes to open an account
$0
$0
How many Trustpilot reviews
769 reviews
128 reviews
What borrowing on margin costs
11.70%
—
Record
Head-to-head record
0–5–1
0–5–1
Head-to-heads won
0 %
0 %
Rounds won
8 %
8 %
Pros
      Cons
      • 12.45%, against 12.075%
      • 4.5 out of 5 stars, against 5 out of 5 stars
      • 1.1 out of 5, against 1.3 out of 5
      • 12.45%, against 11.825%
      • 4.5 out of 5 stars, against 5 out of 5 stars
      • 128 reviews, against 1,169 reviews
      • 1.3 out of 5, against 1.5 out of 5
      • 128 reviews, against 782 reviews
      Add a third option to this comparison →

      More online brokers match-ups