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). For options trading, Just2Trade has a base fee of $2.50, and Firstrade a base fee of $0. Option contracts are pricier at Just2Trade, costing $0.50 versus $0 at Firstrade. 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 supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Firstrade supports 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 supports the iPhone App and Android App while Firstrade supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are available to clients of Firstrade while Just2Trade offers customers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, both Firstrade and Just2Trade were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, between Firstrade and Just2Trade, Firstrade is the winner