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. Merrill Edge charges more than Just2Trade for placing regular stock trades ($6.95 and $2.50, respectively). Looking at trading options, Just2Trade's base fee is $2.50 while Merrill Edge's is $6.95. Each option contract then costs $0.75 at Merrill Edge and $0.50 at Just2Trade. 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, Just2Trade trails Merrill Edge by 688 total mutual funds, with Merrill Edge offering 3688 and Just2Trade offering 3000. And, commission free ETFs deserve a comparison, which for investors means access to 0 commission free ETFs at both brokers.
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 supports the iPhone App and Android App while Merrill Edge 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, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Merrill Edge while Just2Trade offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, Merrill Edge posted awards Best in Class - Research in 2018, while Just2Trade found itself with none of these.
Overall, Merrill Edge takes the upper hand with 4.00 stars over Just2Trade's 2.50 stars.