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Forex introducing broker program
I have reviewed a lot of brokerages throughout the years. All of the reviews have been based on my personal experience with the services. The personal experience and ideas is a main point of what I write about on this site too. I try to spread out my assets between several brokerage accounts , for additional diversification and peace of mind. Over the past few years, I have opened and maintained an account with Merrill Edge.
Why is that important? You need to have a Bank of America checking account, in order to take advantage of this bundled deal. There are also some bonuses on certain other products. There is an opportunity cost of having so much cash sitting unproductively on my balance sheet.
This is enough to pay for my trading for several years in a row. Since we are long-term investors, we want the best offers that will provide free trades for the assets we have already accumulated. You will be eligible for free stock trades per month. This is more trades than what a serious dividend investor would need for several years, but it is still good to know that they are there if you need them for whatever reason.
You are also eligible for unlimited ATM withdrawals at no cost. Right now, Merrill Edge offers some cash bonuses to investors who open a new account , and fund it with a certain amount of cash or assets within 45 days of opening. Other than that, Merrill Edge is a pretty easy to use brokerage account. The interface is easy to use. You can reinvest dividends automatically, and also research companies. I think that this brokerage account would be a good fit for plenty of dividend investors out there.
Transferring money from my checking to my brokerage account is easy. If it is an outside account, just link the bank account to the brokerage by inputting the ACH and account numbers. I have had some minor issues transferring assets from another broker to Merrill Edge.
They required that certain paper forms be printed and sent back to Merrill Edge either by upload, by fax or by mail. I chose to upload documents, but for whatever reason the brokerage could not read all the documents even though they scanned and uploaded crystally clear on my end. Of course, it is possible that I have been spoiled by Interactive Brokers, where asset transfers from another brokerage are just a couple of clicks away.
I definitely prefer not having to fill online forms, print them, sign them, and figure out a way to send them either by scanning and uploading, faxing or mailing. I just do not have a lot of time for extra hassle. The other thing I do not like about Merrill Edge is that their representatives are calling me at least once every six months to check how I am doing especially as my level of assets there is increasing.
I believe they are doing this to upsell me on their investment management services, but I find it to be a waste of my. I have had experiences with other brokers such as Interactive Brokers , Fidelity, Schwab, Tradeking , Etrade, and they have never really called me for anything other than specific issues. Of course, none of those brokers has offered 30 free trades each month, so I guess that is the price to pay. GoPro Hero 6 Price, Specs: Everything You Need To Know. Google Pixel 3 release date, specs, news and rumors.
What Is The Jailbreaking Status? Famous Investor Book List. You can easily link other accounts to your broker — such as your Bank of America ones. Have you used Merrill Edge before? What have your experiences been? Latest News Foreign Policy Debate: Featured Free Daily Newsletter!