With commission rates for stock trading starting at $2.50 per trade, Just2Trade has built a reputation as a deep discount broker but, unfortunately, confirms the adage that you get what you pay for. Just2Trade offers stock and option trading on U.S. exchanges as well as the ability to trade futures through a separate account. The low minimum account requirement plus discounted commission rates suggest that the broker is catering to less experienced investors. While the broker's proprietary platform may lead to a disappointing experience, the well-known MetaTrader 5 platform is available and, for an additional cost, so is the Sterling Trader platform.
Just2Trade offers trading in U.S. exchange traded products, including stocks, options, and ETFs. Futures trading is available through a separate account and a separate platform. ETFs traded on the U.S. exchange are offered at the same commission rate as stocks. A tiered structure is also offered that can reduce commissions on stock trading to as low as $0.0025 per share, although this plan requires a minimum commitment of $333 in commission fees per calendar month.
Just2Trade is a member of FINRA, NFA, and SIPC. As a result of SIPC membership, clients receive protection of deposited funds and securities up to $500,000. Just2Trade's parent company, WhoTrades Inc., has held a controlling interest in it since 2015.
Although SIPC membership should offer clients confidence in conducting business with Just2Trade, it should be noted that in 2012 a case was filed against Success Trade Securities, which then owned Just2Trade, and its CEO, Fuad Ahmed. An appeal was filed with the SEC shortly after a decision by FINRA to expel the parent company from SIPC membership and bar its CEO. Just2Trade was acquired by WhoTrades Inc. on February 26, 2015, and has been in good standing with both FINRA and the SEC.
As a discount broker, Just2Trade falls short when it comes to additional features. The broker does offer some features at an additional cost, and by utilizing third-party platforms clients can access features such as backtesting and advanced technical tools.
Self-directed traders looking for a lot of additional features may be disappointed with Just2Trade, but the broker makes it up by offering excellent third-party platforms that can unlock those desired features. Clients may be interested in the modestly priced enhanced-market-data subscription to further reduce trading costs by gaining access to multiple market makers for competitive bid and ask prices.
Just2Trade offers two web-based platforms, one for trading equities and one for trading futures. Just2Trade+, the broker's primary web-based platform, is straightforward and easy to navigate. The platform offers a watchlist, charting, order entry, and basic options analysis as well as account information. OEC trader is for trading the futures market. Each platform requires a different account, and funds from one cannot be used to trade with the other. Just2Trade has two third-party desktop platforms: MetaTrader 5 and Sterling Trader Pro. MetaTrader 5 is free, Sterling Trader Pro the deluxe option.
- Easy-to-use web-based platform.
- Well-known third-party platforms available either free or at a cost.
- News feed customized to a user-created watchlist.
- Market-depth data requires a subscription
- Web-based platform does not allow use of custom indicators.
- Broker does not offer a proprietary desktop application.
- Options analysis tools are basic in the web-based platform, limited to a probability and profit/loss calculator.
The Just2Trade mobile platform is available for both Android and iOS devices, so clients can stay up-to-date on market news and economic events impacting the market. Clients can also place trades directly from the mobile app.
The mobile app offers allows clients to stay connected to the markets, with news and quotes available for a range of markets. In addition to access to real-time quotes, clients can view their position and account status to get a quick snapshot of their portfolio.
Similar to the Just2Trade web-based platform, the mobile app has limited functionality. Clients can use the app as a supplementary platform but may require a desktop interface for advanced charting and analysis features.
Just2Trade offers several methods to contact the broker, including LiveChat, email, and phone. The broker also has a FAQ section on its website to answer commonly asked questions.
The FAQ section of Just2Trade's website offers the first point of reference for potential customers and attempts to answer some of their most common questions. For queries beyond the scope of the FAQ section, the LiveChat feature, found on the lower right hand side of the broker's website, offers prompt responses. Alternatively, phone and email support are also available.
Just2Trade offers a self-directed account and expects clients to do their own research, providing few tools for research and market analytics. The highlight, available through the client cabinet, is Morningstar's research utility. The interface is limited in terms of U.S. equities and does not appear to differ from the free interface available directly from the Morningstar website.
Just2Trade's Trading Assistance section in its trader's cabinet offers easy access to research, top news, and an earnings calendar. News can also be viewed directly through the web-based platform and can be filtered based on a user-created watchlist.
Just2Trade's research offerings, which are mostly available at no charge, come from third-party sources, so the brokerage has little unique content. Clients who rely on analyst recommendations and other research data will need to source their own information.
The bulk of the educational material offered by Just2Trade is specific to setting up a new account and getting acquainted with its trading platforms. The broker occasionally offers webinars that cover the basic principles of trading.
The broker's education offering is meant to help new clients set up an account and get started with their first trade, but clients will have to source their own information for anything outside of basic trading functionality.