Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 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 more than Just2Trade for placing regular stock trades ($4.95 and $2.50, respectively). For options trading, Firstrade has a base fee of $4.95, and Just2Trade a base fee of $2.50. Just2Trade's per contract rate of $0.50 is less than Firstrade which charges $0.65. 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, Just2Trade trails Firstrade by 9,191 total mutual funds, with Firstrade offering 12191 and Just2Trade offering 3000. Commission free ETFs can also be valuable for customers, Firstrade offers 12 commission free ETFs versus Just2Trade's total of 0.
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, Firstrade and Just2Trade both have a iPhone 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, unfortunately, neither Firstrade nor Just2Trade received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Firstrade takes the upper hand with 3.50 stars over Just2Trade's 2.50 stars.