Just2Trade Platform Walkthrough
With $2.50 trades, Just2Trade offers among the lowest commissions you'll find - especially for a platform that caters to active traders. This makes it a good choice for beginner day traders who don't require sophisticated analysis tools and resources. Users also have access to $0.50 per contract options.
Just2Trade has its own web-based, single-page-layout trading platform, which features real-time streaming quotes and customizable modules. While the platform is not as sophisticated as some advanced traders may want, you can use popular third-party trading software, such as Sterling Trader or MetaTrader 5, to plug into Just2Trade's affordable and fast back end.
In this walkthrough, we will look primarily at the Just2Trade web trading platform as well as its user-facing website.
Homepage - Just2Trade is built for active traders, offering super affordable $2.50 stock trades, but with a platform that may be too bare bones for sophisticated traders. Still, it's a good low-cost option for beginner day traders or the super cost-conscious.
Login - Sign into Just2Trade's Cabinet with your Username and password and you'll be on your way to a modest and functional platform.
Portfolio & Account Management
Cabinet - Account Overview - When you first log into Just2Trade's web site, you'll be brought to what it refers to as your Cabinet - which is simply your accounts dashboard. Along the left side is a vertical menu of user tools, and inside the main window there's a series of tabs arranged horizontally. On the Account Overview, you'll get a snapshot of your cash balances and account value along with the holdings in your portfolio.
Cabinet - Cash Activities - When you're ready to fund your account, use the Cash Activities tab in your Cabinet to initiate a wire or move all of your holdings from another broker using an ACAT transfer. You can use this tab to withdraw funds, as well.
Cabinet - Statements - You'll find your account statements and account activity under the Statements tab. You can view them online or download them for your files.
Cabinet - Info - Curious about Just2Trade's fees? Go to the Info tab to see the various costs you'd pay as a customer. The Info tab is also where you'll find the forms you need to open and maintain an account.
Cabinet - Corporate Actions - The Corporate Actions tab will report dividends, corporate filings, stock splits, and other moves that are relevant to your portfolio holdings.
Cabinet - Analytics - Analyze your portfolio's risk and return profile and performance using the Analytics tab.
Cabinet - Trading Platforms - Choose which trading platform you'll be using with your Just2Trade account here. You can activate either the proprietary Just2Trade+ platform or go with third-party providers MetaTrader 5 or Sterling Trader.
Cabinet - Market Data Subscriptions - You can upgrade your market data from Basic to Advanced ($7.99/month) from the Market Data link along the left side of the Just2Trade Cabinet. This includes full real-time quotes along with Market Watch feeds.
Research & Insights
Trading Assistance - Research - Quote - Just2Trade offers some basic equity research tools through its web site. Find the Research link under the Trading Assistance menu on the left side of the Cabinet. Note the series of tabs along the top of the research window pane. The Quote tab provides price and company information for the ticker you select, as well as a snapshot of analyst consensus.
Trading Assistance - Research - Profile - Use the Profile tab to see a fuller description of the company and its operations.
Trading Assistance - Research - Financials - Get under the hood of a company and do some fundamental analysis by examining its Balance Sheet, Income Statement, and Cash Flows. You'll find these under the Financials tab.
Trading Assistance - Research - Valuation - Figure out what a company's stock should be valued at using the Valuation metrics and see how that compares to what Wall Street analysts think.
Trading Assistance - Research - Key Ratios - Another way to check how a company is performing is to look at some Key Ratios that speak to its operating efficiency, use of cash, and profitability.
Trading Assistance - Research - Industry Peers - Look under the Industry Peers tab to see which companies are competitors of the one you're interested in and how your company has performed compared to the others.
Trading Assistance - Research - Insiders - To see what a particular company's insiders are doing with their shares - selling may a sign of bad news on the horizon, while buying may be a vote of confidence - go to the Insiders tab.
Trading Assistance - Research - Filings - Get access to corporate annual and quarterly reports under the Filings tab.
Trading Assistance - Research - Performance - Here you can check the price performance of a stock over time and compare that to the broader market or against its sector peers.
Trading Assistance - Earnings Calendar - Corporate earnings announcements can move markets and signal new trends in the economy. Click on the Earnings Calendar link under Trading Assistance to bring up a calendar of company-specific earnings events and see what's on deck.
Snap Trade - If you want to make a stock trade right away and not wait for the trading platform to load up, you can bring up a Snap Trade order ticket. Just click on the blue button on the top of the Cabinet page, input the order details, verify the info, and send it to the market.
Stocks - The Just2Trade+ web-based trading platform was built to be customizable and flexible. Along the top you'll notice a horizontal menu bar with links to external web pages. In the center of the screen is your main trading layout. You can also edit or create your own layouts by adding or removing individual modules. Just2Trade+ comes with four pre-loaded layouts, the first of which is tailored to stock trading, with a watchlist, chart, and order entry ticket ready for your use.
Account - Click on the Account pre-loaded layout tab to bring up a default layout complete with your open and closed positions, orders, and account balances.
Options - If you're an Options trader, the pre-defined Options layout comes complete with an options chain and technical analysis chart.
Chart - More of a technical analyst? The Chart layout gives you two interactive charts side-by-side for planning your trades.
Add Widget - To edit or create your own layout design for the platform, choose the Edit Layout tab on the right side and then use the Add Widget drop-down menu to find the appropriate module. You can drag and resize modules, or remove them by clicking on the X icon on the top right corner of a module window. We’ll go through these widgets in turn.
Account Info - Use the Account Info widget to see your account value, cash balance, and margin buying power all in one place.
Basket Order Trade Ticket - Just2Trade makes it easy to buy or sell multiple stocks all at once. Add symbols to the basket you'd like to trade and click the red Execute button to send all orders simultaneously to the market. You can also save your baskets for later use.
Market Depth - The Market Depth widget gives you a real-time quote along with Level II market data for depth and liquidity so you can see how much is on the bid and the offer and with which exchanges.
News - Use the News widget to view company-specific headlines. Click on a headline to bring up the full story.
Option Chain - If you're interested in trading options, the Option Chain is the place to visit. It displays best bids and offers for all contracts - calls and puts for various strikes at various expiration dates - for a chosen stock. You can also view option Greeks by hovering over the Sigma icon next to each options quote. Click the checkbox next to the Option you'd like to trade and then click on the Trade button near the bottom of the window to create an order ticket.
Option Trade Ticket - The Option Trade Ticket is accessible from the Option Chain or the Add Widget menu. Enter the Option order details, then click Verify when you're ready. At this time, you are only able to place one-legged options orders.
Orders - Review all of your orders, including pending and canceled ones, with the Orders widget. Filter your view by selecting different order statuses and order types. You can also download your orders list for your own analysis as a PDF or an Excel file.
Positions - Use the Positions widget to view your current holdings and market performance. The data can be exported and saved as a PDF or .csv file.
Stock Info - View detailed stock information on symbols of your choice with the Stock Info widget - including price, volume, and bid/ask size.
Technical analysis Chart - Load up as many Chart windows as you like, each of which are customizable with a number of layers, indicators, and studies you can add.
Trade Ticket - Enter or look up the symbol of the stock you'd like to trade, then add the rest of the trade details to the Trade Ticket. You can choose to send your order to a specific exchange from the Destination drop-down or use the Auto router. Click Buy or Sell to send your order to the exchange. You can view the status of your orders in the Orders widget.
Watchlist - Create a watchlist of your favorite stocks to watch or load a pre-defined watchlist of popular stocks. Click on a symbol in your watchlist to load it into linked modules, such as the Order Ticket, News, Charts, etc.
User Settings - You can change your settings and platform preferences using the User Settings module, which you open by clicking on the gear-shaped icon in the top right corner. Change your password from the Account sub-tab or click through the other tabs to update your other settings.
Ticker Settings - The Just2Trade+ platform features a real-time scrolling price ticker along the top of the page. Hover over a quote on the ticker bar to get price info and click to load an order entry ticket. You can update your ticker preferences, including scrolling speed and which symbols to display, by clicking on the ellipsis (...) icon on the very right of the ticker.
Just2TradeX Platform - If you're interested in a more streamlined experience, you can also try the Just2TradeX web trading platform. This bare-bones and fixed interface has just an interactive chart, order ticket, and positions window.
Education & Resources
Blogs - Learn what the Just2Trade experts and trading community have to say by reading their blog posts, which you can reach by clicking on the Blogs link along the top menu bar of the Just2Trade+ platform.
Feed - Get the latest on the market pulse with insights from industry news sources and social media sites like Motley Fool, Seeking Alpha, and more. Follow the Feed link atop the Just2Trade+ platform window to load a news feed window.
Charts - If you need more charting outside of the trading platform, click on the Charts link up at the top to launch a new web page dedicated to interactive charts. These charts give you access to the same indicators and studies found within the platform.
Market Place - Get recently generated trade ideas, sourced from a number of outside parties, by following the Best Series of Trades, Trade of the Day, and/or Low & High Risk Trades links along the top of the trading platform page.
Strategies - Clicking on one of the Best Trades strategies will load up a screen that elaborates on the trade idea, as well as profiling the individual who came up with it.
Contact - If you need to get in touch with somebody for customer or technical support, follow the Contact Us link from the Cabinet page. Here you'll find phone numbers as well as a map to the company's New York City office. You can also open a Live Chat window to talk with support staff from any of the site pages.
Help - FAQ - If you have questions about the platform, the brokerage, or trading and investing in general, you might find some answers in the extensive FAQ section. To get there, follow the link from the homepage or the Contact Us page.
Services - Just2Trade is in the process of adding new trading resources for its users. Use the Services link from the site homepage to see what's currently available, segmented by skill level from Beginner to Advanced.
Services - Live Events & Webinars - Sign up for live, in-person training events and online webinars or view archived webinar videos. Follow the Live Events & Webinars link from the Services page to get started.
Services - Video Tutorials - To get better acquainted with the Just2Trade site and trading platform, click on the Video Tutorials link from the Services page, where you'll find some helpful instructional videos.