![]() To get started investing, you’ll need to enter some basic details about yourself and your investment goals. If you’d like a little help planning your investment strategy or prefer to take a more hands-off approach, you may want to sign up for a Merrill Edge Guided Investing Account. Next, let’s take a look at the different types of accounts and features that Merrill Edge offers. Merrill Edge’s customer base quickly grew to over 2 million by 2015, with the platform managing over $120 billion in client assets. The idea was for Merrill Edge to offer a competitive, easy-to-use online trading platform for all types of investors. Merrill Edge came online in 2010-two years after Bank of America acquired Merrill Lynch. ![]() This post is going to cover all of that and then some.īefore we dive into the nitty-gritty, let’s take a step back and explore how Merrill Edge came to be. What that in mind, if you’re interested in learning more about Merrill Edge-including what trading services are available, the fees you’ll pay, and the pros and cons of being a customer-you’ve come to the right place. Suffice it to say that if you’re considering opening a new online brokerage account, Merrill Edge is worth a look. In 2019, the company was ranked first in Overall Client Experience from and fifth overall among Barron’s Best Online Brokers. The Merrill Edge platform has recently won numerous awards. With a Merrill Edge account, you’ll have access to a self-guided trading platform and can also get personalized investment advice from a dedicated advisor. The platform offers streamlined investing services across a wide range of financial products. There are some gaps in investment offerings, including crypto and futures.Merrill Edge is an online brokerage platform of Merrill Lynch, which is owned by Bank of America (BofA). Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service and its Stock Stories and Fund Stories are an industry standout. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Merrill Edge and Charles Schwab. Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Finally, we found Merrill Edge to provide better mobile trading apps. With research, Charles Schwab offers superior market research. For trading tools, Charles Schwab offers a better experience. To compare the trading platforms of Merrill Edge and Charles Schwab, we tested each broker's trading tools, research capabilities, and mobile apps. Which trading platform is better: Merrill Edge or Charles Schwab? Looking at Mutual Funds, Merrill Edge trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 7168 and Merrill Edge offering 3095. Merrill Edge offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while Charles Schwab offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds, Futures Trading and Advisor Services. ![]() Does Merrill Edge or Charles Schwab offer a wider range of investment options? For a complete commissions summary, see our best brokers for free stock trading guide. Merrill Edge and Charles Schwab both charge $0.65 per option contract. Merrill Edge and Charles Schwab charge the same amount for regular stock trades, $0.00. What about Merrill Edge vs Charles Schwab pricing? Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement). ![]() Merrill Edge offers more comprehensive new investor education for beginner investors than Charles Schwab. Is Merrill Edge or Charles Schwab better for beginners? Let's compare Merrill Edge vs Charles Schwab. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Merrill Edge vs Charles Schwab ComparisonĬomparing brokers side by side is no easy task. Close Menu × navigate_before navigate_next Overall Rating ![]()
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