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Merrill Edge vs Just2Trade 2020

Is Just2Trade better than Merrill Edge? After testing 15 of the best online brokers over five months, Merrill Edge (88.87%) is better than Just2Trade (47.55%). Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. Better yet, for current banking customers, Merrill Edge's Preferred Rewards program offers the best rewards benefits across the industry.

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Overall Rating

Feature Merrill Edge Just2Trade
Overall 4.5 2.5
Merrill Edge Review Just2Trade Review

Trading Fees

Feature Merrill Edge Just2Trade
Minimum Deposit $0.00 $2,500.00
Stock Trade Fee (per trade) $0.00 $2.50
ETF Trade Fee $0.00 $2.50
Options Base Fee $0.00 $2.50
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $19.95 $12.50
Broker Assisted Trades Fee $29.95 $22.50
Commissions & Fees 4.5 3.5
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Margin Rates

Feature Merrill Edge Just2Trade
Under $24,999.99 10.13% 8.00%
$25,000.00 to $49,999.99 9.00% 7.50%
$50,000.00 to $99,999.99 9.00% 7.25%
$100,000.00 to $249,999.99 7.63% 6.50%
$250,000.00 to $499,999.99 7.63% 6.00%
$500,000.00 to $999,999.99 7.38% 6.00%
Above $1,000,000.00 6.75% 5.75%
Commissions & Fees 4.5 3.5
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Account Fees

Feature Merrill Edge Just2Trade
IRA Annual Fee $0.00 $50.00
IRA Closure Fee $49.95 $75.00
Returned ACH Fee $30.00 $50.00
Returned Wire Fee N/A $25.00
Stock Certificate Processing Fee $500.00 N/A
Stock Certificate Delivery Fee N/A $20.00
Paper Statement Fee $5.00 $5.00
Paper Confirmation Fee $3.00 $3.00
Domestic Wire Fee $24.95 $30.00
International Wire Fee $24.95 $60.00
Commissions & Fees 4.5 3.5

Investment Options

Feature Merrill Edge Just2Trade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
2 2
Futures Trading
No Yes
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
2471 3000
Mutual Funds (Total)
3709 3000
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
No Yes
Offering of Investments 3.5 2.5
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Order Types

Feature Merrill Edge Just2Trade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - Contingent
No No
Order Type - MultiContingent
No No
Order Type - OCO
No No
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 3.5 2.5
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Trading Platforms

Feature Merrill Edge Just2Trade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
No No
Watch Lists - Total Fields
285 18
Heat Mapping
Yes No
AI Assistant Bot
No No
Platforms & Tools 4 2.5
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Charting Features

Feature Merrill Edge Just2Trade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
100 92
Charting - Drawing Tools
22 29
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
8 4
Charting - Custom Studies
No No
Platforms & Tools 4 2.5
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Day Trading

Feature Merrill Edge Just2Trade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature Merrill Edge Just2Trade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature Merrill Edge Just2Trade
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
Yes No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 4 2.5
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Research Overview

Feature Merrill Edge Just2Trade
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 4.5 1
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Stock Research

Feature Merrill Edge Just2Trade
Stock Research - Reports
3 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 4.5 1
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ETF Research

Feature Merrill Edge Just2Trade
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 4.5 1
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Mutual Fund Research

Feature Merrill Edge Just2Trade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4.5 1
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Options Trading

Feature Merrill Edge Just2Trade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
69 22
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
No No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4 2.5
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Beginners

Feature Merrill Edge Just2Trade
Education (Stocks)
Yes No
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
No Yes
Videos
Yes No
Webinars (Monthly Avg)
0 0
Webinars (Archived)
No No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 4.5 0.5
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Banking

Feature Merrill Edge Just2Trade
Retail Locations
4300 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
Yes No
No Fee Banking
No No
Banking 5 0.5
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Overall

Feature Merrill Edge Just2Trade
Merrill Edge Review Just2Trade Review
Overall 4.5 2.5
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Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Just2Trade vs Merrill Edge 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, with its regular stock trades costing $2.50, is more expensive than Merrill Edge's rate of $0 per trade. With options, the base fees charged are $2.50 (Just2Trade) and $0 (Merrill Edge). Just2Trade's per contract rate of $0.50 is less than Merrill Edge which charges $0.65. 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. Merrill Edge offers clients Stock Trading, Options Trading and Mutual Funds while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Merrill Edge offers its clients access to 3709 different mutual funds while Just2Trade has 3000 available funds, a difference of 709.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Just2Trade makes virtual trading available to clients, while Merrill Edge does not. For mobile trading, Just2Trade offers the iPhone App and Android App while Merrill Edge offers 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, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Merrill Edge while Just2Trade offers customers none of these.

Overall, between Just2Trade and Merrill Edge, Merrill Edge is the winner.

Just2Trade Review
Merrill Edge Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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