Merrill EdgeReviews of merrilledge.com

Awful service. If you sign up for a managed account and then later on change your mind and want to move back to doing it yourself they make it purposely drag on for well over a month and you cant see any of your money, they take it all during that time and it feels like its gone. It is a total mess. Should be illegal.

Merrill Edge is a mess or it is running a scam. I am on level 3 options which only allows option trading using the cash, yet the system allows me to write puts on margin, then email and call me that I have a margin maintain call and ask me either to add in more money or close my puts which basically make me loss money if the put price isn't going down next day, Merrill makes at least two option fees. When I was on a phone with their trading specialist and I was told they are monitoring my trades, sounds like a scam. I asked why there system allow to write a put option on margin, I did not get an answer and sound like it is related to long put or some. I am wondering if any one has similar experiences?

I am in the process of moving cash from Merrill Edge to another IRA custodian. They are sitting on my funds for 7 to 14 business days before they will take any action. And also no explanation of why they should be taking so long. This makes me scared that they are in dire financial trouble.

Im, sure no one will believe this but Ive been in the market for well over 5 yeyars and I have NEVER seen another broker di what Merril just told me when Iwas trying to place a trade on Slilsoft (SKIL). After throwing $13,000 on the stock, a message popped uop, telling me that I cant trade that online!!! So I called them and their excuse was, "because the stock is riskt"!!!!!!!! SERIOUSLY? Well then do everyone in the market a HUGE favor and tell use which stocks AREN'T risky and I'll go to my bank, mortgage my house and put it all od whatever those geniuses say isnt "risky". If i could find ONE broker that will let me throw $13,000 on the table and make trades FOR ME, using a bot, or algorithm I'd eat dirt but I'll bet i've called 30 of them and NOBODY does that!!! And I remind you here that this IS the 21st century and Merrill is so "brilliant" that they refuse to let anyone use a bot on their stinking website, nor will they use a bot and trade FOR you!!!!!! Dopes ANYONE know of ANY stock that isnt "risky"?

They are great until you want to make a trade! I put in an order and they limit it to 95% of the cash balance in your account. So you can have thousands of dollars that are not invested. And customer service? Don't bother, you will sit on hold for hours but don't worry, they are sorry. I'm going back to Charles Schwab, they were wonderful

They are either completely incompetent or criminals. I think the latter is correct. I have tried three times to submit notarized documents to them. I called them in advance asking for instructions each time and followed them to the letter. Each time I submitted the documents I was told they were incorrect even though I followed their instructions. I am now handling this with a lawyer. Never, ever use Merrill Edge!

I received horrible service. Over a month ago i asked for my account to be transferred and i furnished all proof they needed and they kept refusing to transfer my account and it took forever to sell mutual funds which takes seconds to sell and then they did not transfer for weeks and required several calls. They then held back $75 so the account was not closed and they disabled my online access. They refused to transfer that last amount and send by email a closing statement. This firm is awful and I would never use them again. They act like the assets you have invested belong to them, not you. After saying they would send a closing statement to my B of A account they now say they will not they are mailing it and it will be 10 days until i receive it at an address I was going to change and not cannot change until i received the statement. They made a simple sale and transfer two day normal action into over a month long, more than a month. Horrible! I cannot say enough how horrible they were.

Account access was suspended without prior notice or detailed reasoning.