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 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 charges $2.50 per stock trade which is $2.50 more than Firstrade which charges customers $0 per trade. Looking at trading options, Firstrade's base fee is $0 while Just2Trade's is $2.50. 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 offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Firstrade offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade offers its clients access to 12603 different mutual funds while Just2Trade has 3000 available funds, a difference of 9,603. Commission free ETFs can also be valuable for customers, with Just2Trade falling behind Firstrade, offering 0 commission free ETFs compared to Firstrade's 2200.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade makes virtual trading available to clients, while Firstrade does not. 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. On the whole, when it comes to tools, research, and mobile trading, both Firstrade and Just2Trade found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Firstrade comes out on top with 4.00 stars over Just2Trade's 2.50 stars.