Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Just2Trade vs Merrill Edge, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Merrill Edge charges $6.95 per stock trade which is $4.45 more than Just2Trade which charges clients $2.50 per trade. With options, the base fees charged are $6.95 (Merrill Edge) and $2.50 (Just2Trade). Contracts are pricier at Merrill Edge, costing $0.75 versus $0.50 at Just2Trade, a difference of $0.25 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Merrill Edge offers clients Stock Trading, Options Trading and Mutual Funds while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Merrill Edge boasts an offering of 7649 compared to Just2Trade's 3000 available funds. Commission free ETFs also should not be forgotten, which is a wash in this comparison as both Just2Trade and Merrill Edge offer 0 funds.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Just2Trade has virtual trading, Merrill Edge doesn't. 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 clients none of these. On the whole, when it comes to tools, research, and trading on the go, Merrill Edge was rated for Best in Class - Research in 2014, while Just2Trade was rated for none of these.
Overall, Merrill Edge boasts 4.00 stars versus Just2Trade's 2.50 stars.