growney vs Merrill Edge - BrokerCue
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Broker Comparison

growney vs Merrill Edge

Compare growney and Merrill Edge side by side: fees, regulation, platforms.

growney

growney

Low-cost ETF portfolio investing in Germany

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, i…

VS
Merrill Edge

Merrill Edge

Bank of America customers and long-term investors

Merrill Edge is a Bank of America brokerage offering commission-free stocks, ETFs and options, integrated ban…

Head-to-head comparison

growney vs Merrill Edge
Feature growney Merrill Edge
Minimum deposit - -
Stock trading fee - $0 per online trade; broker-assisted: $29.95
Regulators BaFin FINRA, SEC
Best for Low-cost ETF portfolio investing in Germany Bank of America customers and long-term investors
Markets & account
Stocks
-
ETFs
Bonds
-
Options
-
Investment Plans
-
Ready Made Portfolios
Business Account
-
Funds
-
Margin
-
Money Market Funds
-

Pros & cons

growney

growney

Pros

  • Low annual management fee: 0.68% under EUR 50,000, drops to 0.38% above
  • No deposit, withdrawal, transaction, or inactivity fees
  • 23 investment strategies including conventional, sustainable (growgreen), and specialty
  • BaFin-licensed asset manager; client ETFs held as protected special assets
  • Savings plans from EUR 25 per month with no minimum term
  • Withdrawal plans available from EUR 2,000 balance
  • Business and joint investment accounts available
  • Tax optimisation and annual rebalancing included in management fee

Cons

  • No native mobile app - platform is web-based only
  • Portfolio rebalancing occurs only annually (December) unless drift exceeds 10%
  • ETF-only approach: no individual stocks, bonds, or active fund selection
  • No children's accounts (planned with future Upvest custody migration)
  • Minimum EUR 500 for lump-sum deposits (EUR 25 for savings plans)
  • Sustainable strategies have historically underperformed conventional equivalents
  • Higher total cost (approx. 0.90% all-in) for balances below EUR 50,000
Merrill Edge

Merrill Edge

Pros

  • No commissions on online stock and ETF trades
  • No account minimum and no inactivity fee
  • Integrated with Bank of America banking via single login
  • BofA Rewards program offers banking perks for combined account holders
  • SIPC protection up to $500,000 plus additional Lloyd's of London coverage
  • MarketPro platform for active traders with Level II quotes
  • Extensive research tools and educational resources
  • Merrill Guided Investing robo-advisor available from $1,000

Cons

  • No fractional shares
  • No cryptocurrency trading
  • No futures or forex trading
  • No paper trading or demo account
  • Margin rates are high compared to some competitors
  • Mobile app options trading experience is limited
  • No-transaction-fee mutual fund list is smaller than some competitors
growney

growney

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, including sustainable options, with a tiered fee structure and no transaction costs.

Visit growney Read review

Your capital is at risk. Other fees apply.

Merrill Edge

Merrill Edge

Merrill Edge is a Bank of America brokerage offering commission-free stocks, ETFs and options, integrated banking rewards, and a robo-advisor service.

Visit Merrill Edge Read review

Your capital is at risk. Other fees apply.

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