Using data from the StockBrokers.com 2017 Broker Review which tested 16 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, with its regular stock trades costing $4.95, is more expensive than Just2Trade's rate of $2.50 per trade. For options trading, Ally Invest has a base fee of $4.95, and Just2Trade a base fee of $2.50. Each option contract then costs $0.65 at Ally Invest and $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 provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Just2Trade provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Just2Trade trails Ally Invest by 7,138 total mutual funds, with Ally Invest offering 10138 and Just2Trade offering 3000. 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 Ally Invest offer virtual trading. For mobile trading, Both Just2Trade and Ally Invest offer clients access to an iPhone 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 available to clients of Ally Invest while Just2Trade offers customers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, neither Just2Trade nor Ally Invest were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Ally Invest comes out on top with 4.00 stars over Just2Trade's 2.50 stars.