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 ChoiceTrade 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. ChoiceTrade charges more than Just2Trade for placing regular stock trades ($5.00 and $2.50, respectively). With options, the base fees charged are $5.00 (ChoiceTrade) and $2.50 (Just2Trade). Option contracts at both of the brokerages are the same at $0.50 each. 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. Just2Trade provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Just2Trade offers its clients access to 3000 different mutual funds while ChoiceTrade has 500 available funds, a difference of 2,500. Commission free ETFs can also be valuable for customers, which in this case means trading a possible 0 commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. ChoiceTrade and Just2Trade both offer virtual trading. Taking a look at mobile trading, Just2Trade offers the iPhone App and Android App while ChoiceTrade offers the none of these. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Banking is not popular with ChoiceTrade and Just2Trade as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and mobile trading, neither ChoiceTrade nor Just2Trade were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Just2Trade takes the upper hand with 2.50 stars over ChoiceTrade's 2.00 stars.