Bank Broker

Up to $600 New Account Cash Bonus Open a new Merrill Edge Self-Directed account and fund it within 45 days to earn a cash bonus up to $600. New accounts only. Terms and conditions apply. See full details at merrilledge.com.

4.0/5

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T&Cs Apply

Merrill Edge Self-Directed Investing is offered by MLPF&S, a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation. SIPC protection covers investment accounts up to $500,000 including $250,000 for cash claims. Commission-free trading applies to online US-listed stock and ETF trades. Options trades are commission-free but carry a $0.65 per-contract fee. Exercise and assignment fees are $0. Online options spreads are limited to two legs — more complex strategies require broker-assisted execution and carry a $29.95 broker-assisted trade fee. Outgoing full ACAT transfer is $0; IRA closure fee is $49.95. No annual fee and no inactivity fee. Cash in brokerage accounts earns near-zero yield by default; Preferred Deposit requires $100,000 minimum and involves manual transfers. Guided Investing robo-advisor charges 0.45% annually with a $1,000 minimum. Preferred Rewards program eligibility requires a minimum 3-month average combined BofA and Merrill Edge balance of $20,000. Merrill Edge does not offer cryptocurrency, futures, fractional shares, or paper trading. See merrilledge.com for current rates, fees, and program terms.

J.P. Morgan

Up to $1,000
Transfer Bonus
Transfer cash, securities, or retirement assets from another institution and earn up to $1,000 deposited directly into your new Self-Directed Investing account. New accounts only. Offer expires 07/21/2026. Terms and conditions apply.

3.5/5

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T&Cs Apply

Investment products offered through J.P. Morgan Securities LLC (JPMS), member FINRA and SIPC. Options trading involves significant risk and is not appropriate for all investors. Options contract fees of $0.65 per contract apply to all options trades. Commission-free online trades apply to US-listed stocks, ETFs, mutual funds, and options only. Other fees and charges may apply including regulatory fees, foreign transaction costs, and bond commissions. Uninvested cash held in the JPMorgan Chase Deposit Account earns interest subject to change without notice. Margin trading is available and subject to interest charges; margin rates vary based on account balance. Investment products are NOT a deposit, NOT FDIC insured, carry NO bank guarantee, and MAY LOSE VALUE. The up to $1,000 transfer bonus offer expires 07/21/2026 — terms and conditions apply. Please review J.P. Morgan's full fee and commission schedule before investing.

Ally Invest

Up to $3,000
New Account Cash Bonus
Open a new Ally Invest Self-Directed account and fund it to earn a cash bonus up to $3,000. New accounts only. Terms and conditions apply. See full details at ally.com/invest.

3.5/5

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Start Trading

T&Cs Apply

Ally Invest Securities LLC is a registered broker-dealer and member of FINRA and SIPC. SIPC protection covers investment accounts up to $500,000 including $250,000 for cash claims. Ally Bank deposits are FDIC-insured up to $250,000 per depositor. Commission-free trading applies to online US-listed stock and ETF trades. Equity options carry a $0.50 per-contract fee; index options carry a $0.35 per-contract fee. Exercise and assignment fees are $0. Uninvested cash in Ally Invest brokerage accounts earns 0% by default — higher rates are available through linked Ally Bank savings accounts via manual transfer. Margin accounts require a minimum $2,000 deposit; margin rates start at 12% for balances under $25,000. Outgoing ACAT transfer fee is $50; IRA closure fee is $25. No annual fee and no inactivity fee. Ally Invest does not offer cryptocurrency trading, futures trading, fractional shares, or paper trading. Managed Portfolio accounts require a $100 minimum and carry a 0.30% annual advisory fee. Forex trading is available through a separate Ally Forex account provided by GAIN Capital (Forex.com). See ally.com/invest for current rates, fees, and terms.

A bank broker is a brokerage platform operated by or affiliated with a major bank, offering seamless integration between banking and investing under one login. Bank brokers are best for investors who already have a relationship with the parent bank and want the convenience of instant transfers, unified account management, and potential rewards programs that combine banking and investment balances.