Research profile
Profile data updated: October 13, 2026
Bank of America (Global Markets)
Top-tier global markets and sales-and-trading franchise.
- Headquarters
- New York, USA
- Founded
- 1904
- Funding model
- Bank / Institutional
- Geographic availability
- Worldwide policy not clearly statedU.S. tradersAccepted
May suit
traders focused on equities, forex.
Consider alternatives if
you require futures, options; you rely on copy trading.
Trader rating
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Overview
What this firm is and who it serves
Bank of America's Global Markets division (formerly BofA Merrill Lynch) is one of the largest sales-and-trading franchises in the world. It runs principal risk in equities, FICC, and derivatives under Volcker Rule constraints.
"Deliver leading markets services to institutional clients globally."
At a glance
Structured facts about this firm
- Firm Type
- Bank / Institutional prop firm
- Market Focus
- Stocks, Forex
- Trading Style
- News trading permitted, overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders
- Based in
- New York, USA
- Geographic availability
- Worldwide policy not clearly stated
- Known For
- Top-tier dealer
- CEO
- Brian Moynihan
- Team size
- 200, 000+ group-wide
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Not applicable.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Major dealer
- +Career structure
Trade-offs
- −Bank-employee comp
- −Heavily regulated
Bank of America (Global Markets) FAQs
Based on terms reviewed October 13, 2026
What should traders verify before choosing Bank of America (Global Markets)?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with Bank of America (Global Markets) before purchasing.
Does Bank of America (Global Markets) offer evaluation and instant-funding options?+
Bank of America (Global Markets) does not require a traditional evaluation phase. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do Bank of America (Global Markets)'s payouts and profit split work?+
The published profit split is up to discretionary bonus of net profits to the trader, depending on the program; payouts are processed on a annual basis. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
What are Bank of America (Global Markets)'s main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at Bank of America (Global Markets)?+
Platforms: Internal. Markets: equities, forex. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
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