Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Just2Trade vs Scottrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Scottrade 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 (Scottrade) and $2.50 (Just2Trade). Option contracts are pricier at Scottrade, costing $0.70 versus $0.50 at Just2Trade. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Scottrade 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. As far as mutual funds go, Scottrade boasts an offering of 13599 mutual funds compared to Just2Trade's 3000 available funds. And, commission free ETFs deserve a comparison, which in this case means trading a possible 0 commission free ETFs at both brokers.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Just2Trade and Scottrade offer virtual trading. For mobile trading, Just2Trade supports the iPhone App and Android App while Scottrade supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts and Debit Cards are offered by Scottrade while Just2Trade offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, both Just2Trade and Scottrade found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Scottrade comes out on top with 4.00 stars over Just2Trade's 2.50 stars.