Just2Trade Review

Just2Trade Broker Review 2024

Just2Trade Review: This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, Just2Trade offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts.

The Just2Trade minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000.

Just2Trade Website Review

With low rates and a suite of platforms, Just2Trade aims to meet the needs of various traders. Just2Trade offers individual and two types of joint accounts. The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts.

You may fund the account via ACH, wire transfer, or account transfer. In this Just2Trade review, let’s look at their fees and commissions. Just2Trade offers deep discount brokerage rates. Furthermore, stocks and options are priced according to two different plans.

First, the Per Trade Plan charges a fixed rate per trade. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share.

Platform

In this Just2Trade review, we look at the platforms they offer. They offer multiple platforms. Therefore, any trader style should find a suitable platform among the choices.

For traders who require a more robust platform, Just2Trade offers several options. The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” Just2Trade lists the ideal platforms.

For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs.

Additionally, Just2Trade offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders.

Just2Trade provides a demo for each of the platforms to help you choose.

COURSE
Day Trading Course Options Trading Course Futures Trading Course
DESCRIPTION Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action
Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading
INCLUDED

Can You Trust Them?

Just2Trade, Inc. is a member of the SIPC (Securities Investor Protection Corporation). Also, Just2Trade’s clearing firm, COR Clearing, carries excess SIPC insurance.

Additionally, Just2Trade is an accredited member of the Better Business Bureau with an A+ rating. So, according to the BBB, they are trustworthy. Although many people nowadays don’t trust the BBB ratings.

Who you can trust is a big issue regarding your money. If you’re like many of our Bullish Bears community’s members, you’ve been exposed to a flood of offers from many trading chat rooms promising to turn you into a money-making machine before coming here. So many tempting offers…

And on top of that, while shopping around for a broker, you’re also probably waking up to the reality that there are just as many brokers as there are trading chatroom services. After a while, they look all the same. Again, who do you go with?

Just2Trade Fees and Pricing Review

  1. Here are Just2Trade’s fees and commissions:
  2. The rate for stocks and ETFs is $2.50 per trade.
  3. Likewise, the rate for ADRs (American depository receipts) is $2.50 per trade.
  4. Option rates are $2.50 per trade plus $0.50 per contract.
  5. For futures, the rate is $2.50 per side per contract.
  6. Mutual funds are $12.50 per trade.
  7. Note that the $2.50 per trade rate applies to accounts with a balance of $2,500 or more.
  8. If your account balance is $2,000 – $2,499, the rate becomes $4.00 per trade.

Under the Per Share Plan, which is tiered based on trading volume:

  • The stock rate ranges from $0.001 to $0.0025 per share.
  • Option rates range from $0.35 per contract to $0.75 per contract.

Get updated pricing here.

A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan.

Also, the minimum is $0.50 per ticket, and the minimum commission fee is $333 per month. The tiered margin rates range from 6% to 9.25%, depending on your debit balance. Visit their site to see Just2Trade margin rates.

Extended hours trading is available with a $0.003 per-share commission surcharge. Pre-market sessions are available 7:05-9:30 a.m. EST. After-hours trading is from 4:00 to 8:00 p.m. EST.

Just2Trade Plus

Just2Trade provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data. Also, the layout is customizable, with over a dozen widgets available to open or close anytime. For example, widgets include charting, orders, basket orders, option chains, market depth, news, stock info, and watch list windows. The platform allows for multiple watch lists.

Moreover, Just2Trade + is user-friendly and a cut above many brokerage-provided platforms. However, active traders may require a more sophisticated platform.

Final Thoughts: Just2Trade Review

If you’re an experienced active day trader, you may find that Just2Trade has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc.

However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. On that note, Just2Trade isn’t for newbies. It lacks educational material.

Brokers brag about their rates, like chat rooms claiming to help thousands of traders. It’s a “con” fusing situation, I tell you. Finding the correct broker and subscribing to the right education program took me a long time.

The good news is that I do know why. I put the cart before the horse.

First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d be before choosing the right broker.

Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos. Add to this paying for expensive software while I was supposed to learn how to succeed as a trader.

It took me a couple of years to learn the expensive goo-roo lesson. As they say, I’ve been there, done that, and got the T-shirt and the diploma!

If you’re lucky, you won’t repeat that common mistake. Unthinkingly following gurus’ alerts isn’t the answer to becoming a good trader. It just doesn’t work.

Frequently Asked Questions

Investors cannot purchase shares of Just2Trade because the company is privately held.

Just2Trade has solid trading platforms and competitive commission fees. They offer more platforms than other comparable brokers.

Just2Trade is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission.

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