Is Charles Schwab better than Merrill Edge? Based on over 4,000 data points from our 2019 annual broker review, Charles Schwab (84.06%) is better than Merrill Edge (77.93%).
Best for IRA accounts - Open Account
Special Offer: $0 online stock, ETF, and options commissions at Schwab.
For investors seeking access to $0 stock and ETF trades alongside excellent research tools for performing market analysis, Charles Schwab will not disappoint. Charles Schwab is also our number one pick for IRA accounts and broader retirement investing. Read full review
Best Rewards Program - Open Account
Special Offer: Invest in a new account and get up to $600.
Merrill Edge ($2.95 per trade) was awarded #1 for Banking Services and #1 Overall Client Experience, thanks to its parent company, Bank of America (BofA). Not limited to just BofA customers, Merrill Edge's Preferred Rewards program is excellent, offering unlimited $0 stock trades among other perks such as bonus rewards on credit cards and discounted mortgage rates.Read full review.