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 Ally Invest 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. Ally Invest charges $4.95 per stock trade which is $2.45 more than Just2Trade which charges customers $2.50 per trade. Looking at trading options, Just2Trade's base fee is $2.50 while Ally Invest's is $4.95. Option contracts are pricier at Ally Invest, costing $0.65 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. Ally Invest supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Just2Trade supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Just2Trade trails Ally Invest by 7,264 total mutual funds, with Ally Invest offering 10264 and Just2Trade offering 3000. And, commission free ETFs deserve a comparison, with Just2Trade falling behind Ally Invest, offering 0 commission free ETFs compared to Ally Invest's 100.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Just2Trade has virtual trading, Ally Invest doesn't. For mobile trading, Just2Trade offers the iPhone App and Android App while Ally Invest offers 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, Debit Cards, Credit Cards and Mortgage Loans are offered by Ally Invest while Just2Trade offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, unfortunately, neither Just2Trade nor Ally Invest received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Ally Invest takes the upper hand with 3.50 stars over Just2Trade's 2.50 stars.