Written by StockBrokers.com
In this head to head comparison of Charles Schwab vs Merrill Edge, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When choosing between Charles Schwab and Merrill Edge for your investment needs, it’s important to consider the range of investment options each broker offers. Charles Schwab stands out with a perfect five-star rating for its range of investments, placing it second among 14 brokers as ranked by StockBrokers.com. Merrill Edge, while still strong with a 4.5-star rating and a seventh-place ranking, offers fewer options in some areas such as forex and futures trading, and does not provide fractional shares trading.
Both Charles Schwab and Merrill Edge offer a variety of investment options, including stock, mutual funds, and options trading. Additionally, both brokers provide the ability to trade OTC stocks and offer margin trading to their clients. However, a significant difference is seen in Charles Schwab offering fractional shares trading, allowing investors to purchase smaller portions of a stock, which is not available through Merrill Edge. Moreover, Schwab offers forex and futures trading, giving clients more opportunities to diversify their portfolios in ways that Merrill Edge does not.
While neither broker currently offers cryptocurrency trading, both provide traditional and Roth IRA accounts for retirement planning and advisor services to help guide investment decisions. With the broad range of options and high rankings, Charles Schwab presents itself as a versatile choice for those seeking comprehensive investment capabilities. Meanwhile, Merrill Edge remains a strong contender, particularly for investors who do not require some of the additional features offered by Schwab.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Account Feature - Margin Trading | Yes | Yes |
| Fractional Shares (Stocks) | 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 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When choosing a trading platform, Charles Schwab and Merrill Edge both offer robust options, yet Charles Schwab edges slightly ahead in several areas. Charles Schwab boasts a five-star rating for its tools, compared to Merrill Edge’s four stars, and is ranked #1 out of 14 brokers by StockBrokers.com for trading platforms and tools, while Merrill Edge stands at #6. Schwab’s comprehensive offerings include both Windows and Mac desktop applications, paper trading, a trading journal, and numerous customization options for charting, making it particularly appealing to those seeking a platform with extensive features.
Charles Schwab provides a full suite of trading platforms, with downloadable desktop software for both Windows and Mac users. In contrast, Merrill Edge does not offer this option but provides a browser-based platform. For users who like to practice trading, Schwab's paper trading feature is a noteworthy advantage, especially as Merrill Edge doesn't offer a similar service. Schwab also leads with an extensive watch list capability featuring 580 fields, significantly more than Merrill Edge’s 285.
For traders who prioritize charting tools, Charles Schwab surpasses Merrill Edge with 374 technical indicators and 24 drawing tools, compared to Edge's 105 indicators and 23 tools. Both platforms allow technical analysis like automated chart patterns, order adjustments on stock charts, and the ability to add notes, show historical trades, and display corporate events in charts. However, Schwab’s platform stands out with capabilities for creating custom studies and more customizable fields when editing SMA studies, providing greater flexibility for investors seeking detailed and tailored insights.
| 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 | 105 |
| Charting - Drawing Tools | 24 | 23 |
| Platforms & Tools |
|
|
Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
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When it comes to educational offerings for beginner investors, both Charles Schwab and Merrill Edge cover a broad range of topics, including stocks, ETFs, options, mutual funds, and bonds. This makes either platform a suitable choice for those seeking to broaden their financial knowledge. Additionally, both brokers cater to different learning preferences by providing educational videos and quizzes. However, there are a few key differences that set Charles Schwab apart. For instance, Charles Schwab offers paper trading and webinars as part of their learning suite, services that Merrill Edge does not provide. Furthermore, Schwab allows users to track their learning progress over time, a feature lacking in Merrill Edge's educational package.
These distinctions are reflected in their ratings and rankings in education. Charles Schwab is rated 5 stars for its educational offerings, earning the #1 spot in the StockBrokers.com rankings out of 14 brokers. By contrast, Merrill Edge holds a 4.5-star rating and ranks #5 on the same list. While Merrill Edge provides a solid foundation for financial education, Charles Schwab's extra features and customization options provide an edge for beginners and investors aiming for a comprehensive learning experience.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | Yes |
| Education (Fixed Income) | Yes | Yes |
| Paper Trading | Yes | No |
| Videos | Yes | Yes |
| Webinars | Yes | No |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When it comes to mobile stock trading apps, Charles Schwab holds a competitive edge over Merrill Edge by offering a broader range of features and tools. Charles Schwab is rated five stars and ranks as the #1 app among 14 brokers by StockBrokers.com, eclipsing Merrill Edge's 4.5-star rating and #6 ranking. Both brokers provide iPhone and Android apps, but Charles Schwab extends its services to the Apple Watch as well, offering more flexibility for technology-savvy investors.
Both Charles Schwab and Merrill Edge support mobile options trading, streaming quotes, and the creation of custom watch lists. However, Charles Schwab sets itself apart by offering features such as streaming live TV, more intricate stock alerts, and videos on demand, which are not present in Merrill Edge's app. For traders keen on technical analysis, Charles Schwab is a better pick with 373 technical studies available for charting, compared to Merrill Edge’s 34.
Chart customization is another area where Charles Schwab shines. Users can customize watch list columns, an option unavailable with Merrill Edge. Schwab also offers after-hours charting and a wide range of chart viewing options, including landscape mode and the ability to compare stocks directly on charts. Although both apps enable viewing multiple time frames for charting, Charles Schwab’s array of features ensures a more comprehensive and seamless trading experience for its users.
| 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 | Yes | No |
| Charting - Technical Studies | 373 | 34 |
| Mobile Trading Apps |
|
|
Dive deeper: Best Stock Trading Apps for 2025
When choosing between Charles Schwab and Merrill Edge, an initial observation shows that both platforms have enticing features for investors. They share several benefits, such as no minimum deposit requirement and free regular stock trades, ensuring easy accessibility for beginners. Though both charge $0.65 per options contract, where they differ is in specific fee categories. Merrill Edge has an upper hand with no charge for full account transfers, while Charles Schwab offers a more predictable margin rate structure. The choice between them may hinge on specific investment needs and priorities.
Charles Schwab stands out for its predictable margin interest rates, where it clearly defines the rates depending on the balance. This transparency benefits investors who utilize margin trading. Furthermore, Charles Schwab offers a zero-cost option for regular stock trades and does not impose any additional expenses for IRA annual and closure fees. However, a caveat for Charles Schwab customers is the $50 charge for full account transfers, which could be important for those considering transferring their whole account elsewhere.
Merrill Edge, parallel to Charles Schwab, charges nothing for regular stock trades or minimum deposits. It remains clear of any fees for both partial account transfers and options exercise and assignment, thus maintaining competitiveness. However, margin interest rates with Merrill Edge vary, which may be a concern for traders relying on consistent borrowing costs. While Merrill Edge distinguishes itself with $0 charges for full account transfers, it carries a $49.95 fee for closing an IRA, worth considering for those looking to open or close retirement accounts.
| 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 |
Dive deeper: Best Free Trading Platforms for 2025
When it comes to day trading capabilities, Charles Schwab and Merrill Edge both offer a range of useful features, but Charles Schwab provides a more comprehensive toolset. Both platforms offer streaming time and sales for stocks and level 2 quotes, essential features for any day trader. However, Schwab stands out with additional offerings like streaming live TV, direct market routing for stocks, and ladder trading—features not available with Merrill Edge. Schwab also supports trading hotkeys for quick trade entries, which can be critical for making timely market decisions.
Further distinguishing itself, Charles Schwab offers both basic and advanced strategy backtesting, enabling traders to refine their approaches beyond basic setups. In comparison, Merrill Edge only includes basic backtesting capabilities. Furthermore, Schwab provides a short locator tool for real-time insights into available shares for shorting, while this tool is absent in Merrill Edge. Neither platform offers order liquidity rebates, but Charles Schwab's suite of day trading tools clearly offers a more extensive set of features for active traders seeking flexibility and efficiency in their trading strategies.
| Feature |
Charles Schwab
|
Merrill Edge
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | Yes | No |
| Direct Market Routing - Equities | 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 2025 for Beginners and Active Traders
Charles Schwab and Merrill Edge both excel in offering comprehensive market research capabilities; however, Charles Schwab holds a slight edge in the overall ranking. Both platforms provide extensive research across various financial instruments such as stocks, ETFs, mutual funds, and bonds. They also both support in-depth analysis tools like screeners for generating trade ideas, and they offer users the ability to see portfolio allocations by asset class. While these brokers are top-rated with an equal five-star score for market research, Schwab stands at number one out of 14 brokers according to StockBrokers.com, with Merrill Edge following at number five. This suggests that although Merrill Edge is strong, Schwab's offerings are currently leading in the sphere.
When it comes to specifics, Charles Schwab outpaces Merrill Edge by offering seven downloadable PDF research reports for stocks compared to Merrill Edge's three. While both platforms provide ETF research reports in downloadable format, Schwab falls short as it does not offer downloadable PDFs for mutual funds, whereas Merrill Edge does. An interesting distinction between the two is social media sentiment data, which Schwab includes in its stock research capabilities and Merrill Edge does not. Both brokers provide users access to ESG research, which has become increasingly popular among eco-conscious investors.
Ultimately, both Charles Schwab and Merrill Edge deliver solid research tools that cater to a wide range of investor needs. Investors looking for advanced tools and a more comprehensive suite of downloadable research might lean towards Charles Schwab, particularly given its top market research ranking. Meanwhile, Merrill Edge offers a strong package in its own right with unique features like downloadable mutual funds reports that might appeal to specific research needs in this area. Regardless of choice, investors will find well-rounded research capabilities with either broker.
| 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 - Fixed Income | Yes | Yes |
| Screener - Fixed Income | Yes | Yes |
| Research |
|
|
When comparing the banking features of online brokers Charles Schwab and Merrill Edge, both provide a comprehensive range of services that cater to various financial needs. Charles Schwab and Merrill Edge each offer checking and savings accounts, making everyday banking and saving convenient for their customers. Additionally, they both issue debit and credit cards, providing flexible spending options. For those interested in home ownership, mortgage loans are available through each broker. Investors looking to grow their money can find Certificates of Deposit (CDs) with both Charles Schwab and Merrill Edge, offering secure investment opportunities. Overall, both Charles Schwab and Merrill Edge present a full suite of banking services that effectively support the financial goals and daily needs of their users.
| 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 |
| Brokerage CDs | Yes | Yes |
Dive deeper: Best Brokerage Checking Accounts for 2025
After opening live accounts and testing 14 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 99.2%, while Merrill Edge finished with a score of 92.7%.
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 Online Brokers for Crypto Trading in 2025
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 for 2025
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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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| Broker Gallery (click to expand) |
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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 | 12.58% | Varies | |
| Margin Rate $25,000 to $49,999.99 | 12.08% | Varies | |
| Margin Rate $50,000 to $99,999.99 | 11.13% | Varies | |
| Margin Rate $100,000 to $249,999.99 | 11.08% | Varies | |
| Margin Rate $250,000 to $499,999.99 | 10.83% | 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 | |
| Account Feature - Margin Trading | Yes | Yes | |
| Fractional Shares (Stocks) | 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 | |
| Fixed Income (Treasurys) | Yes | Yes | |
| Fixed Income (Corporate Bonds) | Yes | Yes | |
| Fixed Income (Municipal Bonds) | 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 (Fixed Income) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | Yes | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | Yes | No | |
| Videos | Yes | Yes | |
| Webinars | Yes | No | |
| 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 | Yes | 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 | Yes | 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 | 105 | |
| Charting - Drawing Tools | 24 | 23 | |
| Charting - Notes | 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 - Equities | Yes | No | |
| Ladder Trading | Yes | No | |
| Trade Hot Keys | 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 - Fixed Income | Yes | Yes | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | Yes | |
| Screener - Mutual Funds | Yes | Yes | |
| Screener - Fixed Income | Yes | Yes | |
| Portfolio Asset 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 - Investment Objective | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Total 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 - Investment Objective | 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 - Total Greeks | 5 | 5 | |
| Option Analysis - P&L Charts | 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 (Prospective Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | No | |
| Live Chat (Prospective Customers) | No | Yes | |
| Live Chat (Current Customers) | Yes | Yes | |
| 24/7 Support | Yes | Yes |
| Overall | Charles Schwab | Merrill Edge | |
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| Winner | check_circle | ||
| Review | Charles Schwab Review | Merrill Edge Review |
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