Where Charles Schwab Shines

Mutual fund selection and expenses

This company gives to the costumer access to over 4,000 no-transaction fee mutual funds, withing its own proprietary lineup of index funds and ETFs. This compnay also offers you some of the lowest expense ratios available


This company’s  research offerings are hard to beat, perhaps one of the best available from an online broker. It also prives you as a costumer with its own equity ratings, along with reports from Morningstar, Credit Suisse and many more

Fractional shares

This comapny offers you as a costumer ractional shares, so investors can buy a small slice of a stock rather than paying the full share price.

Account and investment minimums

This company has  no account minimum, and offers access to over 4,000 funds with minimum investment requirements of $100 or less.

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Charles Schwab Review For The Year 2021

Charles Schwab is another multinational financial services company which we will talk about this time. Charles Schwab was founded in 1971. 

Charles Schwab has also the educational resources beginners which every beginner will sooner or later need and find useful. 

From the point of which I see it from there are couple of pros and only one con. 

The con which I see is the low default cash sweep rate which this website have.

And the pros which i was talking about above are = 1) Large fund selection 2) 3 platforms with no minimum and fees 3) Extensive research 4) Above-average mobile app 5) Commission-free stock, options and ETF trades.

Account minimum here are at $0 as well as Stock trading costs. There are no base commission. And the price of each contract is $0.65 which isn’t a lot in the end.

There are no annual and inactivity fees. The price for full transfer out of assets is $50. And the price for for partial transfer of assets is $25. 

All ETFs trade on this website are commission-free.

Tradable securities on this website are =

1) Stocks

2) Mutual funds.

3) Bonds

4) ETFs.

5) Fractional shares

6) Options.

7) CDs

8) Futures.

I personally think that Charles Schwab is best for people: 

– Beginner investors and traders.

– Investors seeking no-minimum index funds.

– Advanced investors and traders.

– Investors who rely on premium research.

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Where Merrill Edge Really Shines

1) Research

Merrill Edge provides you with the massive research from its own BofA Global Research, as well as other third-party providers asMorningstar, CFRA, Trefis and Recognia but also many more.

2) Integration with Bank of America

Merrill Edge is a product of the Bank of America’s acquisition of Merrill Lynch. So the parent company of Merrill Edge has sort of made an effort to create a seamless experience for clients who use both services.

3) Preferred Rewards program

The third thing here is that the customers to Bank of America accounts may qualify for Merrill’s Preferred Rewards program. This program offers you the access to a variety of discounts and promotions. These discounts includes a higher interest rates on savings accounts, reduced rates on auto loans and discounts on mortgage origination fees.

4) Trading platforms

Merrill Edge like many other brokers offer you a website trading and an active trader platform which is called Merrill Edge MarketPro. There’s also a “quick trade” feature that lets you make stock and ETF trades from just about any page on the website.

5) User experience

Merrill Edge invest a lots of time and money in the consumer experience. Which every company should do.  Merrill Edge gives you also a dynamic Insights which are customizable dashboard that offers you a analysis of your portfolio together with news and research based on your holdings, buying, selling and individualised insight on performance and the market.

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Merrill Edge Review For The Year 2021

Merrill Edge for those of you who haven’t heard about this company let me quickly explain what it is. 

Basically Merrill Edge is an electronic trading platform and a Retail banking company. It was founded back in 2010 and its parent organisation is the famous Bank of America. Merrill Edge offers you as a customer a high-quality research and unlimited free stock and ETF trades.

I’ve looked closely into that website, and i gotta say that there are 2 main pros to this website and 1 main con to this website.

Lets start with the con to this website which is that the more advanced traders and investors may find fewer securities on offer at this website.

And the 2 main pros to this website are it is closely integrated with Bank of America and the second pro is that robust third-party research.

It’s important to mention that Merrill Edge have no account minimum. As well as it has no stock trading costs. The options trades here are between $0 + and $0.65 per contract.

Merrill Edge has no annual, inactivity, transfer and closing fees for brokerage accounts. There is a $50 ish coast on full outgoing account transfer fee for retirement accounts.

Tradable securities on Merrill Edge are only 1) Stocks 2) Bonds 3) ETFs 4) Options 5) Mutual funds.

All available ETFs trade on the website are commission-free.

I think that Merrill Edge is best for people who are
– Governance investors.
– Bank of America customers.
– Soical Investors
– High-balance customers.
– Environmental investors

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Where Ally Invest Shines

1) Free and low-cost trading

Ally Invest has a commission-free trades for eligible U.S. stocks, options and ETFs. Together with a very low contract fees on options trades, at $0.50 per contract.

2) Cash management

When it comes to the uninvested cash in your account at Ally Invest then you gotta know that Ally Invest earns no interest on it. However Ally Invest offers you  instant money transfer between Ally savings and brokerage accounts. By letting investors and traders to take advantage of interest rates several times higher than the typical default sweep interest rates of most brokerages.

3) Trading platform

The platform to Ally Invest offers you a quick trading capabilities, real-time streaming quotes and data, a customisable dashboard, and access to all of the broker’s tools. These investors and traders who frequently trade from various computers will appreciate this web-based platform, which doesn’t require any downloads.

4) Investing research and tools

Ally Invest offers you also a huge amount of investing tools that exceed expectations for a deep-discount broker. These options  trading tools are particularly strong and include an options pricing calculator to compare current bid/ask prices to forecast theoretical values, as well as a strategy scanner that identifies and executes option strategies based on criteria you choose.

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Ally Invest Review For The Year 2021

Ally Invest for all of you who don’t know is a foreign exchange company which was founded back in 2005. 

In my opinion Ally Invest good for active traders, it is also probably the  best low-cost brokers. 

Ally Invest has $0 trading commissions on eligible U.S. stocks, options and ETFs. It has no account minimum and it has $0.50 options-contract fee. Which investors love when this happens.

Ally Invest has a strong web-based platform. As well as it has robust research and tools which are super helpful especially if you are a beginner or just you don’t know a lots about investing but still want to invest in the good shit.

However there are two cons for me personally about Ally Invest. And these two things are:

1) No branches.

2) No no-transaction-fee mutual funds.

These two things sort of takes away 1 star from the entire rating of AllY Invest. Which is kind of bad because these two problems are easy to fix for a investing company like Ally Invest.

Ally Invest is very appeals no matter if you are a beginner investor or a very experienced investor. Because of all the things mentioned above. But also it offers bells and whistles like forex trading. Ally Invest also offers us automated portfolio management option and a lots of free tools for technical investors.

In my humble opinion I would say that specifically Ally Invest is best for traders like

– Commission-free trades on eligible U.S. securities.

– Active traders.

– Forex traders.

  • Options traders.

Ally Invest has no base commission and no inactivity or annual fees, but it has a $0.50 per contract together with $50 full outgoing transfer fee.

Tradable securities which you will find on Ally Invest are:

  • Stocks.
  • Bonds.
  • Mutual funds.
  • ETFs.
  • Options.
  • Forex.
  • Penny stocks.

Ally Invest is full with free screening tools, customisable charting, research and real-time data.

The phone app to Ally Invest gives you access to holdings, trading, order status, research, an ETF screener, watchlist, transfers and activity.

When it comes to the Customer support options, then your options are call them directly between the hours of 7 a.m. to 10 p.m. Or use the email or chat option on the website.

Its important to mentioned that when you or any other user of Ally Invest complete a first-time account transfer for $2,500 or more, the website will credit your transfer fees that another brokerage may charge up to $150.

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