![]() SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. SmartAsset’s services are limited to referring users to third party registered investment advisers and/or investment adviser representatives (“RIA/IARs”) that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. – Trading activity fees: $0.000119 per equity share $0.002 per options contract $0.00075 per bond – Options fee: $0.0140 per options contract – Section 31 fee: $0.000013 per $1.00 of transaction proceeds – Closeout fee: $0 (non-retirement account) or $49.95 (retirement account) – Domestic/International wire transfer: $24.95 – Representative-assisted corporate, municipal and government agency bonds: $1 + $29.95 service fee – Online corporate, municipal and government agency bonds: $1 – Representative-assisted treasuries: $29.95 – Representative-assisted no-load TF: $29.95 – No-load NTF: $0 ($39.95 if fund held less than 90 days) Charles Schwab ranks #2 out of 18 brokers for our Investment Options category, while Merrill Edge ranks #8.– Representative-assisted: $29.95 + $0.65 per contract Looking at a full range of investment options, including order types and international trading, our research has found that Charles Schwab offers a more comprehensive offering than Merrill Edge. ![]() Does Charles Schwab or Merrill Edge offer a wider range of investment options? For a deeper dive, see our best brokers for free stock trading guide. For futures, Charles Schwab charges $2.25 per contract and Merrill Edge charges (Not offered) per contract. Charles Schwab and Merrill Edge both charge $0.65 per option contract. What about Charles Schwab vs Merrill Edge pricing?Ĭharles Schwab and Merrill Edge charge the same amount for regular stock trades, $0.00. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Merrill Edge offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement). In our analysis, we examine the availability of several different types of educational materials.įor 2023, our review finds that Merrill Edge offers more comprehensive new investor education for beginning investors than Charles Schwab. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In stock trading, the more you know, the better you’ll do. Is Charles Schwab or Merrill Edge better for beginners? Let's compare Charles Schwab vs Merrill Edge. ![]() brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker. Zoom_in zoom_in zoom_in zoom_in zoom_in zoom_inĬharles Schwab vs Merrill Edge ComparisonĬomparing brokers side by side is no easy task. ![]()
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