Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare ChoiceTrade 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, with its regular stock trades costing $2.50, is more expensive than ChoiceTrade's rate of $0 per trade. With options, the base fees charged are $2.50 (Just2Trade) and $0 (ChoiceTrade). Option contracts are pricier at Just2Trade, costing $0.50 versus $0.40 at ChoiceTrade. 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. ChoiceTrade offers clients Stock Trading and Options Trading while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Just2Trade boasts an offering of 3000 mutual funds compared to ChoiceTrade's 0 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both ChoiceTrade and Just2Trade offer virtual trading. For mobile trading, Both ChoiceTrade and Just2Trade offer clients access to an iPhone App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Banking is not popular with ChoiceTrade and Just2Trade as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.
Overall, between ChoiceTrade and Just2Trade, Just2Trade is the winner.