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Charles Schwab's service is on par with Merrill Edge's and a comparison of their fees shows that Charles Schwab's fees are similar to Merrill Edge's.
Account opening takes about the same effort at Charles Schwab compared to Merrill Edge, deposit and withdrawal processes are about the same quality at Charles Schwab, while customer service quality is somewhat better than Merrill Edge's.
Our experts rated the trading platform of Charles Schwab as somewhat worse than the platform of Merrill Edge, found that clients have access to slightly more markets and products with Charles Schwab, while Merrill Edge provides just about the same quality of research and education.
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