Merrill Edge vs Charles Schwab

Merrill Edge vs Charles Schwab Comparison Table 2022
Merrill Edge Charles Schwab
United States Flag Traders from US accepted
United States Flag Traders from US accepted
Merrill Edge is one of the best online brokers for investors in the United States. Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Awards
#1 for ESG & Sustainable Investing
#1 for Banking Services
#1 for Client Experience (Self-Directed)
Bonus
$600 Transfer Bonus None
Instruments
Stocks, Mutual Funds, ETFs, Options, Bonds Stocks, Futures, Options, Crypto, ETFs
Demo Account
No Yes
Minimum Deposit
$0 $1
Payment Methods
Cheque, Wire Transfer ACH Transfer, Wire Transfer
Minimum Trade
0.01 lots 1
Regulator
SEC, FINRA SEC, FINRA, FCA1
Margin Trading
Yes No
Margin Rate
8.625%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
Yes Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
- Yes
Trade Signals
- -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Social Trading
No No
Copy Trading
No No
Islamic Account
No No
Account Currencies
USD USD
Cryptocurrency
Crypto trading not offered Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.
Spread
Floating
Coins
GBTC, BITW
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
More Comparisons
Merrill Edge vs Charles Schwab vs