Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Charles Schwab 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. Charles Schwab charges $4.95 per stock trade which is $2.45 more than Just2Trade which charges customers $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. 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. Charles Schwab alongside Just2Trade offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Just2Trade trails Charles Schwab by 2,509 total mutual funds, with Charles Schwab offering 5509 and Just2Trade offering 3000. And, commission free ETFs deserve a comparison, Charles Schwab offers 244 commission free ETFs versus Just2Trade's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Just2Trade has virtual trading, Charles Schwab doesn't. For mobile trading, Just2Trade offers the iPhone App and Android App while Charles Schwab offers 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 Charles Schwab while Just2Trade offers customers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, Charles Schwab was rated Best in Class - Platforms & Tools and Best in Class - Research, while Just2Trade was rated none of these.
Overall, Charles Schwab boasts 4.50 stars versus Just2Trade's 2.50 stars.