Charles Schwab vs Merrill Edge compared

Your expert:
Adam Nasli
Your expert:
Nicole Conrad
Charles Schwab
Merrill Edge
Key differences
  • Markets and products score
  • Customer service score
  • Trading platform combined score
  • Markets and products score
  • Customer service score
  • Trading platform combined score
Recommended for
  • Beginners
  • Equity
  • Forex
  • CFD
  • Beginners
  • Equity
  • Forex
  • CFD
Fees score
US stock fee
EURUSD spread
US index options fee
S&P 500 CFD spread
Withdrawal fee
Deposit fee
Inactivity fee
Top-tier regulators
Foundation date
Investor protection
Deposit and Withdrawal
Minimum deposit
Bank transfer for deposit
Bank transfer for withdrawal
Credit/debit for deposit
Credit/debit for withdrawal
PayPal for deposit
Wise for deposit
Revolut for deposit
Other electronic wallets
Platform and Experience
Mobile platform score
Web platform score
MT4 available
MT5 available
Customer service score
Account opening score

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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 more markets and products with Charles Schwab, while Merrill Edge provides just about the same quality of research and education.

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