Just2Trade Broker Review
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Commissions & Fees
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Trading Platforms
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Research Tools
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Customer Service
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Executions & Routes
Summary
Just2Trade is a discounted brokerage firm, designed for the value-focused trader. Since 2010, the company has positioned themselves as the value brokerage. In this review, we’ve taken a look at whether a low fee broker can still provide a high quality service.
About Just2Trade
Just2Trade is a discounted brokerage firm founded in 2010, designed for the value-focused trader. At $2.50 per equity trade, they are undercutting all of their competition and positioning themselves as the value brokerage. What they lack in research and infrastructure, they make up for in low fees.
Type of Broker
Just2Trade is a super discount brokerage. Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, Just2Trade has very little infrastructure, opting for a more lean business to justify their low fees. They offer no advanced trading platforms, research, or on-demand customer service that a traditional discount brokerage firm would.
Account Minimums
Just2Trade’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money.
While the initial deposit requirement is not out of the ordinary, it is atypical for a broker to require an equity maintenance so close to the minimum initial deposit.
Commissions & Fees
Commission Prices (Equity)
Just2Trade has two different equity trade pricing models. One is a flat-rate per-trade model, and the other is a progressive per-share model.
Per-Trade Plan: $2.50 per trade
Per-Share Plan:
Minimum $0.50 per ticket
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Volume (per month) |
Commission Per Share |
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< 999,999 Shares |
$0.0025 🏆 Top Rated Services 🏆Our team has reviewed over 300 services. These are our favorites:
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1,000,000 – 5,000,000 Shares |
$0.0015 |
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> 5,000,000 Shares |
$0.001 |
Just2Trade used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives. That said, cheaper isn’t always better. It’s important to account for other factors like platforms, tools, executions, etc.
Commission Prices (Options)
Similar to their equities pricing model, Just2Trade has both a per-trade and a progressive per-contract model.
Per-Trade Plan: $2.50 + $0.50 per contract
Per-Contract Plan:
Minimum $1.00 per ticket
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Volume (per month) |
Just2Trade Inc. Commission Per Contract |
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< 100,000 Contracts |
$0.75 |
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100,001 – 200,000 Contracts |
$0.50 🏆 Top Rated Services 🏆Our team has reviewed over 300 services. These are our favorites:
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> 200,001 Contracts |
$0.35 |
Software Fees
Just2Trade offers a multitude of trading platforms. The advanced trader is likely to find a platform they feel at home using at Just2Trade. Not only do they offer their own proprietary platforms, but they have access to industry standard platforms like MetaTrader 5.
Just2Trade +
Just2Trade + is their free advanced web-based trading platform, available to all clients. It offers all the basic features one would expect from a web-based broker platform, and then some. In addition to the staple features like candlestick charting, watch lists, and an option chain, the platform also features level 2 and time & sales.
Anyone can access a demo of their trading platform at demo-trading.just2trade.com without an account or application.
Just2Trade Mobile
Just2Trade offers both iOS and Android versions of their mobile app. Both offer very basic functionality, but not any less than one would expect from a lower-end brokerage’s app. Actions like simple trade orders, simple charting and checking quotes are offered.
Other Trading Platforms Offered
In addition to Just2Trade’s platforms, they offer premium platforms, which they seemingly price in a discretionary matter. They have no pricing info on their website.
- Just2Trade Pro: Their advanced desktop platform with market depth, real-time quotes, and historical data
- MetaTrader 5: The most popular Forex trading platform in the world, Just2Trade allows you to trade stocks using MetaTrader
- API access: Just2Trade offers programmers to access their API to write automated trading algorithms.
Third Party Platforms
Just2Trade allows subscribers of various popular third party trading platforms accessibility to their favorite platforms, a large selling feature for self-directed short term traders.
- Sterling Trader Pro
- OEC Trader
- CQG Trader
- iBROKER Mobile
Margin Rates
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Debit Balance |
Rate |
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$0.01 – $9,999 |
8.25% |
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$10,000 – $24,999.99 |
7.25% |
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$25,000 – $49,999.99 |
6.75% |
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$50,000 – $99,999.99 |
6.50% |
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$100,000 – $249,999.99 |
5.75% |
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$250,000 – $499,999.99 |
5.75% |
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$500,000 – $999,999.99 |
5.25% |
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$1,000,000 or more |
5.00% |
Research Tools
Because of their standing as a super discount broker, it would be unreasonable to expect Just2Trade’s research suite to stand up to a research-heavy broker like Fidelity. Additionally, this broker is more marketed to the self-directed trader who likely has their own research sources they pull from. With that being said, Just2Trade’s research offerings are very weak compared to the rest of the industry.
Their research suite is mostly made up of:
- MorningStar Stock Research Tool
- Just2Trade Webinars
- The webinars teach clients about the brokerage and how to use different platforms, rather than teaching them about trading.
- Video Tutorials
- Mostly very basic explanations of trading styles and platform help.
- WhoTrades
- Just2Trades is a division of WhoTrades, which is a stock market social network similar to StockTwits
Customer Service
Similar to the research section, it would be somewhat unreasonable to expect top level customer service from a brokerage firm charing half the industry rate. That being said, their customer service reputation is less than stellar.
They offer toll-free phone service, email service, and a live chat bot. Many customers report rude and unhelpful customer service.
Executions & Routes
Just2Trade offers direct market access through third party DMA platforms like Sterling Trader Pro.
Type of Trader it is Best For
Just2Trade is best for the self-directed short term trader for whom $4.99 commissions from a big-five broker is too expensive. It is best if you have your own research sources that you pull from, as Just2Trade’s offerings are almost nonexistent. Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either. If a trader can put up with these drawbacks, they enjoy reduced commission rates.
Pros & Cons
Pros
- Among the cheapest commissions in the industry
- Ability to reduce your commissions with trading volume
- Ability to use your preferred third-party trading platform
- Competitive margin rates
Cons
- Huge lack of research resources
- Shoddy customer service
- Shady past
Hello,
I am having huge issues with Just2Trade. I sent $64k to their platform, which was fraught with issues in the first place as they changed their bank in the middle of my wire transfer. Then eventually the funds landed on Monday. Yesterday I traded $27k in shares with those positions still open.
This morning I receive a call from Just2Trade telling me that my funds have been withdrawn by THEIR bank. Not my bank, but the Just2Trade Bank has taken back my funds. Therefore today, I have not been able to trade and on top of that my money has disappeared.
I have contacted support constantly today, and I am not receiving any pertinent information. My son found the CEO, CFO and CTO on Linkedin, but that hasn’t helped the matter.
This is very worrying!!!