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 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. For options trading, Merrill Edge has a base fee of $6.95, and Just2Trade a base fee of $2.50. Each option contract then costs $0.75 at Merrill Edge and $0.50 at Just2Trade. 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 provides its clients with Stock Trading, Options Trading and Mutual Funds while Just2Trade provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade trails Merrill Edge by 688 total mutual funds, with Merrill Edge offering 3688 and Just2Trade offering 3000. Commission free ETFs can also be valuable for customers, which for investors means access to 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 offer clients access to an iPhone App and Android App while Merrill Edge 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, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Merrill Edge while Just2Trade offers none of these. On the whole, when it comes to tools, research, and mobile trading, both Just2Trade and Merrill Edge found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Merrill Edge takes the upper hand with 4.50 stars over Just2Trade's 2.50 stars.