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 Robinhood.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Just2Trade, with its regular stock trades costing $2.50, is more expensive than Robinhood's rate of $0 per trade. With options, the base fees charged are $2.50 (Just2Trade) and $0 (Robinhood). Option contracts are pricier at Just2Trade, costing $0.50 versus $0 at Robinhood. 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. Robinhood offers clients Stock Trading and Options Trading while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade boasts an offering of 3000 mutual funds compared to Robinhood's 0 available funds. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Just2Trade and Robinhood offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade offers virtual trading while Robinhood does not. Taking a look at mobile trading, Just2Trade offer clients access to an iPhone App and Android App while Robinhood 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. Banking is not popular with Just2Trade and Robinhood as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and mobile trading, neither Just2Trade nor Robinhood were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, both Just2Trade and Robinhood are rated 2.50 stars.