Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we assessed 16 brokers on 308 different variables. 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 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. 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, Merrill Edge boasts an offering of 7649 mutual funds compared to Just2Trade's 3000 available funds. 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 makes virtual trading available to clients, 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 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 boasts 4.00 stars versus Just2Trade's 2.50 stars.