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 Scottrade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Scottrade charges more than Just2Trade for placing regular stock trades ($6.95 and $2.50, respectively). With options, the base fees charged are $6.95 (Scottrade) and $2.50 (Just2Trade). Each option contract then costs $0.70 at Scottrade 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. Scottrade offers clients Stock Trading, Options Trading and Mutual Funds while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Scottrade offers its clients access to 13599 different mutual funds while Just2Trade has 3000 available funds, a difference of 10,599. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Just2Trade and Scottrade offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade alongside Scottrade offer virtual trading. Taking a look at mobile trading, Just2Trade offers the iPhone App and Android App while Scottrade 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. Clients can have Checking Accounts, Savings Accounts and Debit Cards at Scottrade while customers at Just2Trade can have none of these. On the whole, when it comes to 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 boasts 4.00 stars versus Just2Trade's 2.50 stars.