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