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. Option contracts are pricier at Merrill Edge, costing $0.75 versus $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 3688 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 has virtual trading, Merrill Edge doesn't. Taking a look at mobile trading, Just2Trade offers the iPhone App and Android App while Merrill Edge offers 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 customers none of these. On the whole, when it comes to tools, research, and mobile trading, unfortunately, neither Just2Trade nor Merrill Edge received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Merrill Edge boasts 4.50 stars versus Just2Trade's 2.50 stars.