Merrill Edge
$0 stock commission · options
Key capabilities
- Commission
- $0
- Fractional shares
- No
- Extended hours
- Yes
- Overnight (24/5)
- No
- Options
- $0.65
- OTC access
- 3/5 full, 1/5 limited
- Short locate
- none
OTC market access by tier
OTC Markets organises non-exchange-listed securities into five tiers by disclosure quality. Merrill Edge’s coverage:
- OTCQXFull
- OTCQBFull
- Pink CurrentFull
- Pink LimitedLimited
- Grey MarketNo
Notes
Free OTC trades — but no fractional shares.
Frequently asked
- What does Merrill Edge charge for stock trades?
- $0 on stocks.
- Does Merrill Edge offer fractional shares?
- No. Merrill Edge only supports whole-share orders for individual stocks.
- Does Merrill Edge have 24-hour trading?
- No. Merrill Edge supports regular market hours and pre/post-market, but not 24/5 overnight trading.
- Can I trade penny stocks and OTC names on Merrill Edge?
- Partial. 3/5 OTC tiers offer full access, 1/5 with limited access. Pink Limited and Grey market are typically the most restricted.
- What does Merrill Edge charge for options?
- $0.65 per contract.