Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Firstrade 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 charges more than Firstrade for placing regular stock trades ($2.50 and $0, respectively). Looking at trading options, Firstrade's base fee is $0 while Just2Trade's is $2.50. Firstrade's per contract rate of $0 is less than Just2Trade which charges $0.50. 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. Just2Trade provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Firstrade provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Firstrade boasts an offering of 12603 mutual funds compared to Just2Trade's 3000 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Just2Trade offers virtual trading while Firstrade does not. For mobile trading, Just2Trade offers the iPhone App and Android App while Firstrade 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. Clients can have Checking Accounts and Debit Cards at Firstrade while customers at Just2Trade can have none of these.
Overall, between Firstrade and Just2Trade, Firstrade is the winner.