No, Merrill Edge is not available in Canada. Currently, it offers services only in the United States of America. Let's gather some more insights, Merrill Edge alternatives in Canada for traders and investors.
Merrill Lynch, headquartered at Manhattan is one of the premier asset management companies in the United States of America. The company reported huge losses during the Global Financial Crisis 2008. Subsequently, Bank of America took over Merrill Lynch for wroth of approximately $50 billion.
Merrill Edge is a wing of Bank of America that offers investment advisory and e-trading platforms.
No, Merrill Edge is not available in Canada and it offers services only in the United States of America.
The top 3 contenders that can be good Canadian alternatives to trading platform like Merrill Edge are:
Scotia iTrade is one of the best alternatives as the trading platform is linked to a leading bank in Canada. You can own a bank account, loan account and a trading account under the same umbrella. In addition, it offers free educational courses, real time quotes and market updates. If you are someone who is looking for security of your funds and you want your money tied with a bank, you can choose Scotia iTrade.
Wealthsimple offers zero commission trade, educational schemes, maula trading and robo advisory, just like Merrill Edge does. It doesn’t mandate you to keep any minimum deposits and has user friendly trading apps. If you are happy with the private e-trading platform and if you are mainly looking for low costs, you may choose Wealth simple.
Questrade is famous for its real time information, quotes, charts, technical analysis, security and grievance redressal. If you are an investment pro and if you do detailed research before investing your funds, Questrade offers you the best market information, just like how Morningstar aids Merrill Edge.
Although a well-established trading platform like Merrill Edge isn’t available in Canada, there are numerous platforms sprouting – both bank-based and private. It is important that you do an analysis of these various platforms and choose the one that best suits you.
Where have you opened your brokerage account? Do share your views on any of the above or other trading and investment platforms.
The big six banks in Canada is a term used to describe the top banks. This list includes the Royal Bank of Canada, Toronto Dominion Bank (TD), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), and National Bank of Canada (NBC).
Are you a Canadian citizen wondering if you can open a bank account in USA? We have an answer to your query. Yes, Canadians are eligible to open a savings or a chequing bank account in the United States of America.
There are various steps involved and documents required for a newcomer to setup a bank account in Canada. Continue reading to grab details on bank accounts for new immigrants in Canada.
Yes, Canadians can purchase a property in the United States of America, just like any US citizen does. In fact, it is reported that the top foreign purchasers of US property are Canadians.
Yes, Scotiabank is good for new immigrants in Canada. They offer products and services designed especially for individuals and families that are new to Canada.
You cannot open a TD Ameritrade account in Canada unless you are an American or have US citizenship. So, if you are a Canadian citizen, you cannot open account with this US stock broker.
Yes, international Yes, international students can have two or more bank accounts in Canada as per their discretion. There is no cap on the upper limit.
Yes, you can open a bank account in Canada even though you are a non-resident, given that you are able to substantiate your identity with reliable documents such as your SIN, passport, driver's license, etc.,
Yes, you need a current a valid Social Insurance Number (SIN) to open a bank account in Canada, unless you are a tourist with a ‘Temporary Resident Visa’ (TRV), who wants to have an interest-free bank account.
You are required to submit a number of documents to open a Business Bank Account in Canada based on the nature of your organization. You could be a sole trader, a partner in a firm, or a director of a registered company, learn the documents that are required to open a business bank account in Canada .