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 4,000 data points, let's compare Firstrade 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. Just2Trade, with its regular stock trades costing $2.50, is more expensive than Firstrade's rate of $0 per trade. For options trading, Just2Trade has a base fee of $2.50, and Firstrade a base fee of $0. Each option contract then costs $0.50 at Just2Trade and $0 at Firstrade. 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 Firstrade provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Just2Trade trails Firstrade by 9,603 total mutual funds, with Firstrade offering 12603 and Just2Trade offering 3000.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade has virtual trading, Firstrade doesn't. Taking a look at mobile trading, Just2Trade offers the iPhone App and Android App while Firstrade offers 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 and Debit Cards at Firstrade while customers at Just2Trade can have none of these.
Overall, between Firstrade and Just2Trade, Firstrade is the winner.