The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Just2Trade vs Merrill Edge. Is Just2Trade or Merrill Edge a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Merrill Edge charges $6.95 per stock trade which is $4.45 more than Just2Trade which charges customers $2.50 per trade. With options, the base fees charged are $6.95 (Merrill Edge) and $2.50 (Just2Trade). Just2Trade's per contract rate of $0.50 is less than Merrill Edge which charges $0.75. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. 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. When it comes to mutual funds, Merrill Edge boasts an offering of 3688 mutual funds compared to Just2Trade's 3000 available funds. Commission free ETFs can also be a nice plus, which for investors means access to 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Just2Trade offers virtual trading while Merrill Edge does not. For 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Merrill Edge while Just2Trade offers none of these. On the whole, when it comes to tools, research, and mobile trading, both Just2Trade and Merrill Edge found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Merrill Edge comes out on top with 4.50 stars over Just2Trade's 2.50 stars.