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Comparison Charles Schwab vs Merrill Edge
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs Merrill Edge. Is Charles Schwab or Merrill Edge a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Charles Schwab has a commission fee of $4.95, and Merrill Edge has a commission fee of $6.95. When analyzing trading options, the commission fees of Charles Schwab is $4.95 + $0.65 per contract, and that one of Merrill Edge is $6.95 + $0.75. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Charles Schwab provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor, and Merrill Edge provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Merrill Edge offers Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Merrill Edge provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0 (Visa Debit Card). The time for withdrawal in Charles Schwab is 5 days, and that one in Merrill Edge is immediate (Bank Wire).
Overall, Charles Schwab boasts 4.1 stars versus Merrill Edge 4.1 stars.