Merrill Edge Paper Trading
Merrill Edge does not provide paper trading (also known as virtual
or demo account). For free paper trading, we recommend
Webull practice account.
Free Webull Account
Open Webull Account
Merrill Edge Overview
Merrill Edge offers customers access to 102 Vanguard mutual funds, including index funds, target retirement funds, and balanced funds.
The platform features an easy-to-use fund screener with various filters to help refine your search. These include asset class, load type, performance, R-squared, dividend yield, return versus category, and more. You can also sort by Morningstar categories, covering diverse fund types like consumer defensive, bank loans, and global real estate. The world bond category alone offers 54 funds, some with a top Lipper rating and no load or transaction fees. Results can be organized by risk, performance, or expenses and saved for easy future access.
Predefined screens help investors find specific types of funds, such as target-date, index, and socially responsible funds.
Hovering over a ticker symbol in the results brings up a quick view showing the fund’s latest NAV, a brief chart, fees, expense ratio, and more, along with quick links for trading and detailed research.
Clicking on a fund ticker takes you to a detailed profile with the prospectus, charts, performance data, holdings, risk assessments, and expenses.
Merrill Edge also provides robust charting tools for mutual funds, allowing users to compare a fund’s price history to stocks, economic sectors, or indices. You can choose from several chart styles, like OHLC, candlesticks, line, and mountain.
While Merrill Edge offers a free mobile app, it’s worth noting that you cannot execute mutual fund trades through it. However, the app does allow for limited research on funds.
Merrill Edge Paper Trading Summary
In summary, although Merrill Edge offers a relatively small list of mutual funds, it provides excellent research tools. For those seeking comprehensive trading tools and investment research, similar to what Merrill Edge offers, you might consider Charles Schwab.
Updated on 8/7/2024.
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