Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at ChoiceTrade vs Just2Trade, there is a huge database of information available to us.
To start this comparison, first we will take a look at the 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). Looking at trading options, Just2Trade's base fee is $2.50 while ChoiceTrade's is $5.00. Contracts run $0.50 a piece at both brokerages. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Just2Trade offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, ChoiceTrade trails Just2Trade by 2,500.00 total funds, with Just2Trade offering 3000 and ChoiceTrade offering 500. Commission free ETFs also should not be forgotten, which for investors means access to 0 funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. ChoiceTrade alongside Just2Trade have virtual trading. Taking a look at mobile trading, Just2Trade supports the iPhone App and Android App while ChoiceTrade supports 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 trading on the go, Neither ChoiceTrade nor Just2Trade were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Just2Trade boasts 2.50 stars versus ChoiceTrade's 2.00 stars.