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. Firstrade charges $2.95 per stock trade which is $0.45 more than Just2Trade which charges customers $2.50 per trade. For options trading, Firstrade has a base fee of $2.95, and Just2Trade a base fee of $2.50. 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 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. Commission free ETFs can also be valuable for customers, with Firstrade having the upper hand thanks to its 703 available commission free ETFs compared to Just2Trade's offering of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade offers virtual trading while Firstrade does not. Taking a look at mobile trading, Just2Trade offer clients access to an iPhone App and Android App while Firstrade has an 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. Checking Accounts and Debit Cards are offered by Firstrade while Just2Trade offers none of these. On the whole, when it comes to tools, research, and mobile trading, neither Firstrade nor Just2Trade were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Firstrade takes the upper hand with 4.00 stars over Just2Trade's 2.50 stars.