Merrill Edge vs Charles Schwab

	Merrill Edge	Charles Schwab
	SPECIAL OFFER $100 Bonus Offer - Learn More	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0 per trade	$0 commission on U.S. stocks and ETFs
Options Trading	$0 + $0.65 per contract	$0 + $0.65 per contract
Annual Fee		None
Cryptocurrency Trading		No
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs		2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Broker Assisted Trades	$29.95	$25.00 service charge
Inactivity Fee	None	None
Maintenance Fee	$0	$0
Banking	Through Bank of America	Yes
Mobile App	Yes	Yes
Desktop App	Yes	Yes
Forex Trading	No
Futures Trading	No	$2.25 per contract
Customer Service	24/7	24/7
Locations	More than 2,100 Bank of America locations	300 locations
Online Community	No	Yes
Seminars	Yes	Yes
Trading Platform		Desktop, Web Trading, Mobile Apps
Virtual Trading	No	Yes (thinkorswim platforms)
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons		Pros: Vast selection of commission-free ETFs and mutual funds 2 platforms (one for beginners and one for advanced traders) 24/7 customer service including online chat Cons: Commission costs on mutual funds outside of the commission-free funds Robo-advisor option requires a minimum investment of $5,000
Bottom Line		Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	$100 Bonus Offer $150 Bonus Offer $250 Bonus Offer	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Merrill Edge: Pricing information from published websites as of 08/01/2024. Charles Schwab: Pricing information from published websites as of 05/21/2025.

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.