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 4,000 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 $2.95 per stock trade which is $0.45 more than Just2Trade which charges customers $2.50 per trade. Looking at trading options, Just2Trade's base fee is $2.50 while Merrill Edge's is $2.95. Each option contract then costs $0.65 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 supports Stock Trading, Options Trading and Mutual Funds while Just2Trade supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Merrill Edge offers its clients access to 3709 different mutual funds while Just2Trade has 3000 available funds, a difference of 709.
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 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.
Overall, between Just2Trade and Merrill Edge, Merrill Edge is the winner.
Merrill Edge Review