Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Charles Schwab vs Just2Trade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Charles Schwab, with its regular stock trades costing $4.95, is more expensive than Just2Trade's rate of $2.50 per trade. For options trading, Charles Schwab has a base fee of $4.95, and Just2Trade a base fee of $2.50. Just2Trade's per contract rate of $0.50 is less than Charles Schwab which charges $0.65. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Both Charles Schwab and Just2Trade support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Charles Schwab offers its clients access to 5509 different mutual funds while Just2Trade has 3000 available funds, a difference of 2,509. Commission free ETFs can also be valuable for customers, with Charles Schwab having the upper hand thanks to its 244 available commission free ETFs compared to Just2Trade's offering of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade makes virtual trading available to clients, while Charles Schwab does not. Taking a look at mobile trading, Just2Trade supports the iPhone App and Android App while Charles Schwab supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Charles Schwab while Just2Trade offers none of these. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab posted awards Best in Class - Platforms & Tools and Best in Class - Research in 2018, while Just2Trade found itself with none of these.
Overall, Charles Schwab boasts 4.50 stars versus Just2Trade's 2.50 stars.