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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
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 no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs
Check
2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
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
LocationsMore than 2,100 Bank of America locations
300 locations
Online Community
No
Yes
Seminars
Yes
Yes
Virtual Trading
No
Yes (thinkorswim platforms)
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf Star
Options TradingStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
Pros & ConsPros:
  • 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 LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review

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 10/17/2023.

Charles Schwab: Pricing information from published websites as of 04/09/2024.


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.

Which Do You Think is Best?





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