MarketPro

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.