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 Just2Trade vs Merrill Edge.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Merrill Edge, with its regular stock trades costing $6.95, is more expensive than Just2Trade's rate of $2.50 per trade. With options, the base fees charged are $6.95 (Merrill Edge) and $2.50 (Just2Trade). Just2Trade's per contract rate of $0.50 is less than Merrill Edge which charges $0.75. 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. Merrill Edge supports Stock Trading, Options Trading and Mutual Funds while Just2Trade supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade trails Merrill Edge by 4,649 total mutual funds, with Merrill Edge offering 7649 and Just2Trade offering 3000. Commission free ETFs can also be valuable for customers, which in this case means trading a possible 0 commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade offers virtual trading while Merrill Edge does not. Taking a look at mobile trading, Just2Trade supports the iPhone App and Android App while Merrill Edge supports 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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Merrill Edge while Just2Trade offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, Merrill Edge was rated Best in Class - Research in 2017, while Just2Trade was rated none of these.
Overall, Merrill Edge takes the upper hand with 4.00 stars over Just2Trade's 2.50 stars.