Merrill Edge Real Time Quotes
Investors at Merrill Edge receive free real-time streaming stock quotes if they are non-professional
users.
Level II Quotes Cost at Merrill Edge
Level II information is available on Merrill Edge’s advanced desktop platform, MarketPro. To gain access to this software, you must execute at least
10 trades per month, on average. Alternatively, the broker will accept combined balances of $1,000,000 or more across Bank of America, Merrill Edge, and
Merrill Lynch accounts. See all
broker Level 2 quotes »
To compare, TD Ameritrade offers Level 2 for
free, and the broker doesn’t impose any account minimums or trading requirements, either. On the other hand,
some brokers don’t offer Level II at all. Firstrade is one example. Ally Invest requires a minimum of 10 trades
per month, but doesn’t charge anything for the data.
Get TD Ameritrade For Free
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How to Access Level II Quotes at Merrill Edge
To find Level II data on MarketPro, open the ‘Market Depth’ window. Here you will find different displays of information, one of which is Level II. Other options are TotalView, OpenBook, and Arca. OpenBook is a great tool if you’re interested in trading a stock on the NYSE, because it shows equities from that exchange. You can toggle back and forth by opening the drop-down menu at the top of the Market Depth window.
Merrill Edge displays Level II figures using the number of round lots for the bid and ask sizes. So for example, a figure of 9 would stand for 900 shares. Also shown are the market makers who are dealing in the equity under scrutiny. Some of the market makers include NSDQ, ADAM, MSCO, SUFI, TMBR, CDRG, SUSQ, NMRA, IMCC, and GSCO. The time that the bid or ask came in is also shown.
A nice feature on MarketPro’s Level II window is the inclusion of histograms. Shown in red for bids and green for asks, the histograms display current quote activity for the entered ticker symbol.
Depth meters show the quote activity for a given symbol. The wider the meter, the more quotes are being given for the stock. The color of the meter
corresponds to a particular market maker.
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Merrill Edge Review
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Merrill Edge online trading features include:
- Streaming quotes
- Real-time trades
- Smart order routing
- One-on-one guidance and advice
- Trading and research tools
- News and independent insight
Merrill Edge Mobile Trading
Freeing users from their computers, Merrill Lynch has introduced a full line of mobile apps for iPad®, iPhone®, Android™, as well as a Mobile Website.
With the device of their choice, members can now trade, manage, or simply check up on their investments anytime, anywhere. All of the aforementioned apps have useful features like account views, real-time transfers, streaming quotes, mobile trading, news, alerts, and more.
In addition to being more convenient for those on the go, banking via smart phone is more versatile, since it lets users deposit checks no matter where they are. All a member has to do is snap a picture of the check, log in to their Merrill Edge account, and verify that the image is theirs to add funds.
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Customer service
A key advantage Merrill Lynch gained when they teamed up with Bank of America was superior customer service. The brokerage firm now offers one-on-one
investment advice to Merrill Lynch members at over 1,000 Bank of America locations.
Advantages
In Barron’s Online Broker Rankings, Merrill Edge received 4 out of 5 stars. This puts them in same ranking as competitors such as Charles Schwab, TD Ameritrade, and TradeStation.
What gives Merrill Edge an advantage is the connection with Bank of America. Transferring funds between the two is extremely quick and easy. Being able to see the balance in the investment account without having to log in to a separate website is a distinct advantage. The Merrill Edge account is accessed by simply by clicking on the investment account from Bank of America website without having to enter the username and password. The reverse is also possible. An investor can access their Bank of America accounts from the Merrill Edge website
It’s not often one can say an institutions customer service is an advantage. Amidst all this high-tech is high-touch. Assistance is just a phone call away with friendly and knowledgeable representatives that are there to answer any and all questions from where to find something on the website, to what does ETF mean. The buyer beware premise is always in effect so take good notes while having questions answered.
Merrill Edge places a high value on security and privacy. Be prepared to jump through many hoops when a username or password is
forgotten. This is because Merrill Edge is protecting both the investment accounts and Bank of America accounts.
Summary
Merrill Lynch is the right choice for an investor who is looking to grow their assets, knowledge, and experience with investing. With the
combination of strong customer service and a top notch website, an investor can expect personal and professional services at competitive rates.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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