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 charges more than Just2Trade for placing regular stock trades ($4.95 and $2.50, respectively). With options, the base fees charged are $4.95 (Charles Schwab) and $2.50 (Just2Trade). Each option contract then costs $0.65 at Charles Schwab and $0.50 at Just2Trade. 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. Charles Schwab and Just2Trade provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade trails Charles Schwab by 2,509 total mutual funds, with Charles Schwab offering 5509 and Just2Trade offering 3000. 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Charles Schwab while customers at Just2Trade can have none of these. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab finished with awards Best in Class - Platforms & Tools and Best in Class - Research, while Just2Trade came up with none of these.
Overall, Charles Schwab takes the upper hand with 4.50 stars over Just2Trade's 2.50 stars.