Written by StockBrokers.com
In this head to head comparison of Charles Schwab vs Merrill Edge, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When comparing Charles Schwab with Merrill Edge, Charles Schwab distinctly excels in its investment offerings, earning a 5-star rating compared to Merrill Edge's 4.5 stars. Ranking second out of 18 brokers for investment options according to StockBrokers.com, Charles Schwab provides comprehensive services, including stock, margin, and fractional shares trading, alongside mutual funds, options, forex, and futures trading. In contrast, Merrill Edge is ranked seventh and features stock, margin, OTC stocks, mutual funds, and options trading, but lacks access to fractional shares, forex, or futures trading. Both platforms do not currently support crypto trading.
Charles Schwab and Merrill Edge both cater to investors seeking traditional and Roth IRA accounts and offer advisor services to guide their investment decisions. Where they begin to diverge is in the breadth of investment opportunities available; Charles Schwab's inclusion of forex and futures trading grants investors more diverse options that are not available with Merrill Edge.
For investors seeking a platform with a broader range of investment opportunities and high ratings, Charles Schwab stands out as the superior choice. While Merrill Edge provides a solid selection, the absence of fractional shares, forex, and futures trading may limit certain investors' strategies. Both brokers are reputable choices, but Schwab’s extra offerings and higher rankings position it favorably for those looking to explore a wider array of investment possibilities.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Margin Trading | Yes | Yes |
| Fractional Shares | Yes | No |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | Yes | No |
| Crypto Trading | No | No |
| Crypto Trading - Total Coins | 0 | 0 |
| Investment Options |
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Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
In an analysis of the trading platforms and tools offered by Charles Schwab and Merrill Edge, Charles Schwab emerges as the superior choice with its robust offerings. It provides a comprehensive suite of features, including both Windows and Mac desktop downloadable platforms, a browser-based trading platform, and paper trading options, which Merrill Edge lacks. Additionally, Charles Schwab supports a broader and more sophisticated range of charting tools and customization fields, making it a more versatile platform for traders who require advanced technical analysis capabilities. With a five-star rating and a #2 ranking among 18 brokers by StockBrokers.com, Charles Schwab outshines Merrill Edge, which earns a 4.5-star rating and a #5 ranking.
Charles Schwab's trading platform impresses with its advanced features such as the ability to adjust open orders directly on stock charts and offering 374 technical indicators along with 24 drawing tools. In contrast, Merrill Edge provides 104 technical indicators and 23 drawing tools. Charles Schwab's platform further excels in offering 580 watch list columns compared to Merrill Edge's 285, and it includes valuable trading aids like a trading journal, the ability to add notes to charts, and customizable studies. This array of offerings makes Charles Schwab a highly adaptable and effective choice for traders looking for detailed analysis and customization options.
Merrill Edge, while providing a competent trading platform with a browser-based setting and features such as the ability to adjust open orders on charts and add notes, falls short when compared to Charles Schwab's expansive toolset. Key features such as paper trading and the creation of custom studies are noticeably absent. Despite this, Merrill Edge still maintains a strong presence with sound charting capabilities, comprehensive corporate events displays, and automated technical analysis functionality. However, serious traders in search of a broader spectrum of advanced tools may find Charles Schwab's offerings more aligned with their needs.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | Yes | No |
| Desktop Platform (Mac) | Yes | No |
| Paper Trading | Yes | No |
| Watch Lists - Total Fields | 580 | 285 |
| Charting - Indicators / Studies | 374 | 104 |
| Charting - Drawing Tools | 24 | 23 |
| Platforms & Tools |
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Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
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Both Charles Schwab and Merrill Edge excel in providing comprehensive educational resources tailored for beginner investors. Both platforms offer robust stock, ETF, options, mutual funds, and bonds education, ensuring investors have access to a wide array of learning materials. Each broker provides educational videos and webinars, supplementing investors with visual and interactive content. Additionally, educational quizzes offered by both platforms test investors' knowledge and enhance their understanding. However, a notable distinction arises with Charles Schwab offering paper trading, a practical feature absent in Merrill Edge, allowing beginners to practice trading strategies without financial risks. Furthermore, while Charles Schwab allows users to track their learning progress, Merrill Edge falls short in this capability.
Despite these differences, both brokers receive stellar ratings for their educational offerings, each earning an impressive 5-star rating. Interestingly, the rankings provided by StockBrokers.com showcase Merrill Edge slightly ahead, ranking second among 18 brokers for education, while Charles Schwab is positioned fourth. This ranking reflects the nuanced preferences and evaluations of users, evidencing Merrill Edge's slight edge in user perception despite Charles Schwab's broader practical features. Whether you prefer the practicality of paper trading and progress tracking or a highly ranked educational experience, both platforms present valuable resources for novice investors.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | Yes |
| Education (Bonds) | Yes | Yes |
| Paper Trading | Yes | No |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
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Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When comparing the stock trading app capabilities of Charles Schwab and Merrill Edge, each offers unique advantages that might appeal to different types of investors. Both boast high ratings with 5 stars each, but Charles Schwab slightly edges out in rankings, coming in at #4 compared to Merrill Edge’s #5 according to StockBrokers.com. Schwab’s app offers a wider range of advanced features such as streaming live TV and an Apple Watch app, while both platforms support standard market functionalities like mobile options trading and streaming quotes.
Charles Schwab’s app provides comprehensive stock trading capabilities that include mobile after-hours trading, a feature that is also present in Merrill Edge’s offering. However, Schwab further distinguishes itself with innovative functionalities like streaming live TV and video-on-demand, enhancing the mobile trading experience. While both brokers allow for custom watchlists and customization of watch list columns, Merrill Edge lacks the ability to customize watch list columns, which could be a deciding factor for some users. Moreover, Schwab’s app offers an impressive 373 technical studies for charting, a significant leap from the 34 available on Merrill Edge. This extensive variety in technical studies makes Charles Schwab more appealing to traders who rely heavily on technical analysis.
Both platforms provide apps for iPhone and Android, ensuring broad accessibility for users. Additionally, they each support viewing charts in landscape mode and allow stock comparisons on charts. While the two brokers offer similar base features, Schwab’s app takes a leap forward with its enhanced and versatile offerings, particularly for users seeking depth in technical analysis and multimedia content. Ultimately, investors looking for a feature-rich and comprehensive trading app might find Charles Schwab to be the superior choice, especially with its additional support for Apple Watch and more expansive charting tools.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | Yes | No |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | No | No |
| Charting - Technical Studies | 373 | 34 |
| Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps of 2024
When comparing Charles Schwab and Merrill Edge, both online brokers provide competitive and user-friendly fee structures, making them appealing choices for investors looking to minimize trading costs. Both Schwab and Merrill Edge require no minimum deposit, and they offer commission-free trading for regular stock trades, making them accessible to beginners. Additionally, both charge the same fee of $0.65 per options contract, catering to more advanced traders. However, Schwab charges a margin interest rate that varies by balance, whereas Merrill Edge's rates are variable and not explicitly stated. A notable difference is in their account transfer fees: Schwab charges $50 for a full transfer, while Merrill Edge imposes no charge for this service.
Looking further into the specific fees, both platforms attract investors with no charges for IRA annual fees, making them cost-effective for retirement investments. Charles Schwab offers even greater savings with zero fees on IRA closure, while Merrill Edge charges $49.95 in this regard. When it comes to partial account transfers, both brokers charge nothing, yet Schwab's $50 full transfer fee stands in contrast to Merrill Edge's free full transfer policy. As for options transactions, both brokers maintain a welcoming environment with no fees for options exercise or assignment, appealing to options traders.
Overall, Charles Schwab might be more favorable for traders who frequently manage options or require additional account services where explicit fees are involved. Meanwhile, Merrill Edge may offer a more economical choice for investors focused on full account transfers and those requiring an explicit understanding of margin rates. Ultimately, the choice between the two will depend on a trader's specific needs and the value they place on particular services versus fee structures. Both brokers provide robust platforms and services, catering to a wide range of investment strategies.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.65 |
| Options Exercise Fee | $0.00 | $0.00 |
| Options Assignment Fee | $0.00 | $0.00 |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $0.00 | $49.95 |
| Commissions & Fees |
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Dive deeper: Best Brokers for Free Stock Trading of 2024
When comparing the day trading capabilities of Charles Schwab and Merrill Edge, several distinct features emerge. Charles Schwab offers a comprehensive suite of tools for active traders, including streaming time and sales data, streaming live TV, and direct market routing for stocks, which allows traders more control over their orders. Additionally, Charles Schwab provides ladder trading and convenient keyboard trade entry through trading hotkeys. For more strategic trading, Schwab supports both basic and advanced strategy backtesting, as well as a short locator tool that offers real-time availability of shares to short. Merrill Edge, on the other hand, matches Schwab with some basic offerings like streaming time and sales and level 2 quotes, but it lacks advanced features such as streaming live TV, direct market routing, and advanced strategy backtesting.
Both Charles Schwab and Merrill Edge provide access to level 2 quotes and basic strategy backtesting, valuable tools for traders analyzing market depth and testing trading hypotheses. However, Schwab’s advanced features make it a more robust choice for those seeking an edge in day trading. Neither broker offers order liquidity rebates, which could be a consideration for traders prioritizing cost efficiency. Ultimately, Charles Schwab's more extensive array of day trading functionalities, particularly advanced backtesting and real-time short locating, make it a more appealing option for serious day traders compared to Merrill Edge.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | Yes | No |
| Direct Market Routing - Stocks | Yes | No |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | Yes | Yes |
| Trade Ideas - Backtesting Adv | Yes | No |
| Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms of 2024
When it comes to market research capabilities, both Charles Schwab and Merrill Edge stand as reputable players, serving investors with robust resources. Charles Schwab excels with top ratings, boasting a wider array of downloadable PDF research reports for stocks, seven compared to Merrill Edge's three. Moreover, Charles Schwab incorporates social media sentiment data into their research offerings, providing investors with invaluable insights into stock trends affected by digital conversations. Merrill Edge, though highly rated, does not provide this feature, making Charles Schwab a leader with a more comprehensive research suite.
Charles Schwab and Merrill Edge both provide extensive research services, covering stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds. They also offer screener tools for trade ideas across these asset classes, enabling investors to make informed decisions based on detailed analysis. Furthermore, both platforms support research transparency by offering downloadable PDF reports for ETFs and mutual funds, facilitating offline review and deeper understanding of investment opportunities. This multiplicity of features ensures that investors, regardless of the platform they choose, have access to substantial data for making strategic decisions.
Environmental, Social, and Governance (ESG) research is another core competency of both Charles Schwab and Merrill Edge, reflecting their commitment to socially responsible investing. Additionally, the option to see portfolio allocation by asset class empowers investors to have a clear view of their diversification strategy. While Charles Schwab is celebrated as the top broker in market research rankings, Merrill Edge holds a commendable fourth position. Both brokers match in terms of star rating for market research at an outstanding five stars, showcasing their capabilities and commitment to providing top-notch services to investors.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | Yes | Yes |
| Research - Mutual Funds | Yes | Yes |
| Screener - Mutual Funds | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Screener - Bonds | Yes | Yes |
| Research |
|
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When comparing the banking capabilities of Charles Schwab and Merrill Edge, both online brokers demonstrate a comprehensive range of financial services to cater to diverse customer needs. Charles Schwab and Merrill Edge each offer checking and savings accounts to facilitate everyday banking, along with debit and credit card options to provide consumer flexibility and convenience. Additionally, both firms extend their services to include mortgage loans and Certificates of Deposit (CDs), giving customers a well-rounded selection for both day-to-day and long-term financial planning. These robust banking features ensure that both Charles Schwab and Merrill Edge cater to various financial requirements, making them solid contenders in the realm of online brokerage services.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Checking Accounts | Yes | Yes |
| Savings Accounts | Yes | Yes |
| Debit Cards | Yes | Yes |
| Credit Cards | Yes | Yes |
| Mortgage Loans | Yes | Yes |
| CDs | Yes | Yes |
Dive deeper: Best Bank Brokerages of 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Charles Schwab is better than Merrill Edge. Charles Schwab finished with an overall score of 96.6%, while Merrill Edge finished with a score of 94.0%.
With the addition of TD Ameritrade's thinkorswim platforms and the enhancement of several features, Schwab is now a vigorous competitor with thought-provoking research and commentary and a client experience to fit any preference.
Both Charles Schwab and Merrill Edge do not offer crypto trading, each providing access to 0 coins for cryptocurrency transactions. For those looking to invest in crypto, alternative platforms should be considered.
Dive deeper: Best Crypto Trading Platforms of 2024
Both Charles Schwab and Merrill Edge offer traditional and Roth IRA accounts without any annual fees, but Charles Schwab sets itself apart by not charging any closure fees, whereas Merrill Edge imposes a $49.95 fee upon closing an IRA account.
Dive deeper: Best IRA Accounts of 2024
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0 of 5| Overall Rating | Charles Schwab | Merrill Edge | |
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| Review | Charles Schwab Review | Merrill Edge Review |
| Broker Screenshots | Charles Schwab | Merrill Edge | |
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| Trading Fees | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | $6.95 | N/A | |
| Mutual Fund Trade Fee | Varies | Varies | |
| Options (Per Contract) | $0.65 | $0.65 | |
| Futures (Per Contract) | $2.25 | (Not offered) | |
| Broker Assisted Trade Fee | $25 | $29.95 |
| Margin Rates | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Margin Rate Under $25,000 | 13.575% | Varies | |
| Margin Rate $25,000 to $49,999.99 | 13.075% | Varies | |
| Margin Rate $50,000 to $99,999.99 | 12.125% | Varies | |
| Margin Rate $100,000 to $249,999.99 | 12.075% | Varies | |
| Margin Rate $250,000 to $499,999.99 | 11.825% | Varies | |
| Margin Rate $500,000 to $999,999.99 | Varies | Varies | |
| Margin Rate Above $1,000,000 | Varies | Varies |
| Account Fees | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $0.00 | $49.95 | |
| Account Transfer Out (Partial) | $0.00 | $0.00 | |
| Account Transfer Out (Full) | $50.00 | $0.00 | |
| Options Exercise Fee | $0.00 | $0.00 | |
| Options Assignment Fee | $0.00 | $0.00 |
| Investment Options | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Margin Trading | Yes | Yes | |
| Fractional Shares | Yes | No | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 4 | |
| Futures Trading | Yes | No | |
| Forex Trading | Yes | No | |
| Crypto Trading | No | No | |
| Crypto Trading - Total Coins | 0 | 0 | |
| Mutual Funds (No Load) | 15163 | 2952 | |
| Mutual Funds (Total) | 18145 | 3466 | |
| Bonds (US Treasury) | Yes | Yes | |
| Bonds (Corporate) | Yes | Yes | |
| Bonds (Municipal) | Yes | Yes | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | Yes | |
| International Countries (Stocks) | 12 | 0 |
| Order Types | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Order Type - Market | Yes | Yes | |
| Order Type - Limit | Yes | Yes | |
| Order Type - After Hours | Yes | Yes | |
| Order Type - Stop | Yes | Yes | |
| Order Type - Trailing Stop | Yes | Yes | |
| Order Type - OCO | Yes | No | |
| Order Type - OTO | Yes | No | |
| Order Type - Broker Assisted | Yes | Yes |
| Beginners | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | Yes | |
| Education (Bonds) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | Yes | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | Yes | No | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Webinars (Archived) | Yes | Yes | |
| Progress Tracking | Yes | No | |
| Interactive Learning - Quizzes | Yes | Yes |
| Stock Trading Apps | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | Yes | No | |
| Trading - Stocks | Yes | Yes | |
| Trading - After-Hours | Yes | Yes | |
| Trading - Simple Options | Yes | Yes | |
| Trading - Complex Options | Yes | Yes | |
| Order Ticket RT Quotes | Yes | Yes | |
| Order Ticket SRT Quotes | No | No |
| Stock App Features | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Market Movers (Top Gainers) | Yes | Yes | |
| Stream Live TV | Yes | No | |
| Videos on Demand | Yes | No | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watch List (Real-time) | Yes | Yes | |
| Watch List (Streaming) | Yes | Yes | |
| Watch Lists - Create & Manage | Yes | Yes | |
| Watch Lists - Column Customization | Yes | No |
| Stock App Charting | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Charting - After-Hours | No | No | |
| Charting - Can Turn Horizontally | Yes | Yes | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 373 | 34 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | Yes |
| Trading Platforms | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Active Trading Platform | thinkorswim | Merrill Edge Market Pro | |
| Desktop Trading Platform | Yes | No | |
| Desktop Platform (Mac) | Yes | No | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | Yes | No | |
| Trade Journal | Yes | No | |
| Watch Lists - Total Fields | 580 | 285 |
| Stock Chart Features | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 374 | 104 | |
| Charting - Drawing Tools | 24 | 23 | |
| Charting - Notes | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes | |
| Charting - Historical Trades | Yes | Yes | |
| Charting - Corporate Events | Yes | Yes | |
| Charting - Custom Date Range | Yes | Yes | |
| Charting - Custom Time Bars | Yes | Yes | |
| Charting - Automated Analysis | Yes | Yes | |
| Charting - Save Profiles | Yes | Yes | |
| Trade Ideas - Technical Analysis | Yes | Yes | |
| Charting - Study Customizations | 35 | 8 | |
| Charting - Custom Studies | Yes | No |
| Day Trading | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | Yes | No | |
| Direct Market Routing - Stocks | Yes | No | |
| Ladder Trading | Yes | No | |
| Trade Hotkeys | Yes | No | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | Yes | Yes | |
| Trade Ideas - Backtesting Adv | Yes | No | |
| Short Locator | Yes | No | |
| Order Liquidity Rebates | No | No |
| Research Overview | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | Yes | Yes | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | Yes | |
| Screener - Mutual Funds | Yes | Yes | |
| Screener - Bonds | Yes | Yes | |
| Misc - Portfolio Allocation | Yes | Yes |
| Stock Research | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Stock Research - PDF Reports | 7 | 3 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | Yes | |
| Stock Research - Social | Yes | No | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | Yes | |
| Stock Research - SEC Filings | Yes | Yes |
| ETF Research | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| ETFs - Strategy Overview | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Net Assets | Yes | Yes | |
| ETF Fund Facts - Total Holdings | Yes | Yes | |
| ETFs - Top 10 Holdings | Yes | Yes | |
| ETFs - Sector Exposure | Yes | Yes | |
| ETFs - Risk Analysis | Yes | Yes | |
| ETFs - Ratings | Yes | Yes | |
| ETFs - Morningstar StyleMap | Yes | Yes | |
| ETFs - PDF Reports | Yes | Yes |
| Mutual Fund Research | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Mutual Funds - Strategy Overview | Yes | Yes | |
| Mutual Funds - Performance Chart | Yes | Yes | |
| Mutual Funds - Performance Analysis | Yes | Yes | |
| Mutual Funds - Prospectus | Yes | Yes | |
| Mutual Funds - 3rd Party Ratings | Yes | Yes | |
| Mutual Funds - Fees Breakdown | Yes | Yes | |
| Mutual Funds - Top 10 Holdings | Yes | Yes | |
| Mutual Funds - Asset Allocation | Yes | Yes | |
| Mutual Funds - Sector Allocation | Yes | Yes | |
| Mutual Funds - Country Allocation | Yes | Yes | |
| Mutual Funds - StyleMap | Yes | Yes |
| Options Trading | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Option Chains - Basic View | Yes | Yes | |
| Option Chains - Strategy View | Yes | Yes | |
| Option Chains - Streaming | Yes | Yes | |
| Option Chains - Total Columns | 31 | 68 | |
| Option Chains - Greeks | 5 | 5 | |
| Option Chains - Quick Analysis | Yes | Yes | |
| Option Analysis - P&L Charts | Yes | Yes | |
| Option Probability Analysis | Yes | Yes | |
| Option Probability Analysis Adv | Yes | No | |
| Option Positions - Greeks | Yes | Yes | |
| Option Positions - Greeks Streaming | Yes | Yes | |
| Option Positions - Adv Analysis | Yes | Yes | |
| Option Positions - Rolling | Yes | Yes | |
| Option Positions - Grouping | Yes | Yes |
| Banking | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Bank (Member FDIC) | Yes | Yes | |
| Checking Accounts | Yes | Yes | |
| Savings Accounts | Yes | Yes | |
| Credit Cards | Yes | Yes | |
| Debit Cards | Yes | Yes | |
| Mortgage Loans | Yes | Yes |
| Customer Service | Charles Schwab | Merrill Edge | |
|---|---|---|---|
| Phone Support (Prospect Customers) | Yes | No | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | No | |
| Live Chat (Prospect Customers) | No | Yes | |
| Live Chat (Current Customers) | Yes | Yes | |
| 24/7 Support | Yes | Yes |
| Overall | Charles Schwab | Merrill Edge | |
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| Review | Charles Schwab Review | Merrill Edge Review |
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