How is the $0¹ equity and ETF trade limit applied?
The limit is applied to the individual Merrill Edge self-directed account owner whose Social Security Number is on the brokerage account. For joint self-directed accounts, the 30 trades for the account are applied to all account owners of the joint account irrespective of who trades in the account and reduces the number of $0¹ trades available in their individual accounts by the amount of trades executed. If the owner of a joint self-directed account also has an individual self-directed account, the 30-trade limit will apply to the total number of trades across all Merrill Edge self-directed accounts. The secondary owner will also receive the 30-trade limit in their individual account or between their individual and joint accounts and cannot execute more than 30 trades across all of your accounts. If you have any questions about your trade limit, please call 1.888.637.3343, Monday – Friday 8:00 AM to 10:00 PM ET.
