Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Ally Invest vs Just2Trade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Just2Trade charges $2.50 per stock trade which is $2.50 more than Ally Invest which charges customers $0 per trade. With options, the base fees charged are $2.50 (Just2Trade) and $0 (Ally Invest). Option contracts at both of the brokerages are the same at $0.50 each. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. Just2Trade provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Ally Invest provides clients access to Stock Trading, Options Trading, Mutual Funds and Forex Trading. As far as mutual funds go, Ally Invest offers its clients access to 18728 different mutual funds while Just2Trade has 3000 available funds, a difference of 15,728.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Just2Trade makes virtual trading available to clients, while Ally Invest does not. For mobile trading, Just2Trade supports the iPhone App and Android App while Ally Invest supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Ally Invest while Just2Trade offers customers none of these.
Overall, between Ally Invest and Just2Trade, Ally Invest is the winner.
Ally Invest Review