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Overall

Just2Trade offers heavily discounted trades, but comprises the client experience across the board, cutting corners whenever possible and delivering a poor overall client experience not worth the cost savings.

Commissions & Fees
Offering of Investments
Platforms & Tools
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Best in Class
  • Commissions & Fees
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By Blain Reinkensmeyer on February 21st, 2017 | Last updated: March 21st, 2017

Dislikes
  • Poor email support
  • Basic site design
  • Clear corner-cutting on tools and research implementation
  • Leaves clients wanting more


Just2Trade Review

For our 2017 Stock Broker Review we assessed, rated, and ranked sixteen different online brokers over a period of six months. In total, we conducted 349 customer service tests, collected 5,277 data points, and produced over 40,000 words of research. Learn more.

On the surface, it is easy to understand what Just2Trade is trying to accomplish: being the ultimate value broker. The homepage hits on all the right catchphrases and keywords investors like to see.

Unfortunately, looks are deceiving. While Just2Trade does offer cheap trades, everything else about the client experience suffers, and in the end, clients are better off investing elsewhere.

Commissions & Fees

Starting off with the one bright spot of Just2Trade's value proposition: its commission structure is straightforward, easy to understand, and contains few catches. All stock trades of $1 per share or higher are $2.50, and option trades run just $2.50 plus $.50 per contract.

For the casual investor, this is attractive — after all, TD Ameritrade, ETRADE, Scottrade and other big-name brokers charge at least $7 per trade, not to mention much higher costs for options trades. This works for investors who desire nothing more than the bare-bone basics for placing orders. Beyond this, TradeKing, Firstrade, and OptionsHouse both offer commissions for less than $5, too, and are more compelling.

Just2TradeOptionsHouseInteractive BrokersTradeKingScottrade
Stock Trade Fee (flat)$2.50$4.95N/A$4.95$7.00
Options Base Fee$2.50$4.95$0.00$4.95$7.00
Options Per Contract Fee$0.50$0.50$0.70$0.65$0.70
Mutual Fund Trade Fee$12.50$20.00$14.95$9.95$17.00
Broker Assisted Trades Fee$22.50$25.00$30.00$20.00$32.00
Commissions & Fees 4.5 Stars 4.5 Stars 4.5 Stars 4.5 Stars 3.5 Stars

Commission rates aside, clients should be fully aware of the fact that they will only receive free real time streaming quotes for the first 15 minutes of each day. After that, no more streaming real time data unless you pay for the Advanced package, which runs at $7.99 per month.

Platforms & Tools

Just2Trade offers several platforms. The primary platform is web-based Just2Trade+, which is available to all clients at no charge. This is the platform I used for my testing.

The platform doesn’t come close to competing with the leaders in the industry, but it works and fits the mold of what one would expect with $2.50 trades.

Just2Trade+ has the basics needed to trade: watch lists, charting, options chains, and an order ticket window make up the bulk of the experience. The platform doesn’t come close to competing with the leaders in the industry, but it works and fits the mold of what one would expect with $2.50 trades.

Just2Trade+ web trading platform

I found Just2Trade+ ran smoothly in my Chrome browser without any hiccups, which was certainly appreciated. I was also surprised to find that the charting, while extremely simplistic in functionality, had crisp, clean bars and included 92 optional indicators, which is just below the industry average. Eleven drawing tools are available for technical analysis, also just below the industry standard.

Just2Trade+ stock chart

Options traders can view a basic option chain that includes all five Greeks (delta, gamma, theta, vega, rho), 22 optional columns, and quick analysis for pulling up profit & loss charts on the fly. Pros aside, columns cannot be custom ordered, the profit & loss charts can’t be enlarged, advanced probability analysis can’t be conducted, and only basic chains are available, so there is no viewing by strategy type.

Just2Trade+ option chain

Looking beyond charts and options chains, the platform’s limitations really start to stand out. No stock alerts can be set, hot keys are not supported (sorry active traders), there are no trade idea generation tools available, and level II quotes are a “paid upgrade” only feature. Oh, and you can forget about using advanced order types, because those aren’t available, either. The list of desired functionality goes on and on.

Overall, for a platform supported by $2.50 trades, Just2Trade+ has its highlights and lowlights. I appreciate the clean charting, watch lists, options chains, and stable experience in Google Chrome. Beyond this, I was left wanting much more.

Research

Just2Trade attempts to include research for its clients; however, the offering is weak, to say the least. The broker relies on the most bare bones basic package from industry-preferred provider Morningstar.

Upon digging deeper, however, the drawbacks immediately become apparent.

To conduct research, customers login to the Just2Trade website, then head over to the Cabinet, which is where personal account information, settings, and more are managed. Once in, they click on the awkwardly named “Trading Assistance” link in the left sidebar to load the Morningstar research module.

Just2Trade client Cabinet

The default ticker loaded is IBM, and upon initial inspection, users are greeted with an abundance of fundamental data, graphs, breakdowns, analysis, and more split up into a variety of sections. From this Morningstar module, basic fundamental research can be conducted including: viewing recent news, examining full balance sheets, income statements, and cash flow statements, as well as conducting earnings analysis.

Just2Trade research

Upon digging deeper, however, the drawbacks immediately become apparent. First off, only stocks trading on major exchanges can be pulled up; pink sheets, ETFs, and mutual funds are all excluded. When conducting research on stocks, examples of missing features include metric comparisons, downloadable research reports, and SEC filings. The nail in the coffin? No screening tool is present to conduct even basic stock screening. Yuck.

The underlying experience for conducting research follows the experience found with the Just2Trade+ platform; clients are giving up a lot to have $2.50 trades.

Mobile Trading

When it comes to mobile tools, the bare bones basics are once again in focus. Native apps for both iOS iPhone and Android smartphone are available, which is good, but they can be used only for pulling quotes, viewing a basic watch list, options chains, and placing simple orders. The mobile apps are so simplistic you can’t even rotate the screen to view a stock chart in landscape mode. It’s pretty bad.

Just2Trade mobile stock chart

Other Notes

Just2Trade began offering webinars during the back half of 2016, and these are archived and available for later viewing. On average, two are conducted each month. Beyond this, education is non-existent. Not even a basic investor dictionary can be found.

Just2Trade was originally founded in 2007. The company got itself into some hot water in early 2013 and was issued a cease and desist letter from FINRA in April, 2013. The company was eventually cleaned up and later sold to WhoTrades, Inc in April 2015, and that company continues to operate Just2Trade today.

Final Thoughts

Just2Trade’s homepage suggest the site has everything a self-directed investor could want, but in reality, it falls well short of its goal.

The main challenge for a broker like Just2Trade is delivering a well-rounded client experience with so little capital to work with from charging $2.50 per trade. Because of heavily discounted rates, Just2Trade cannot provide the features most investors want and need to invest efficiently, let alone successfully.

If you can stomach having just enough to place trades and manage a basic portfolio, Just2Trade could be a viable option. For me, the savings per trade isn’t worth it. Not even close.


Blain Reinkensmeyer

Reviewed by Blain Reinkensmeyer Blain heads research at StockBrokers.com and has been involved in the markets since placing his first stock trade back in 2001. He developed StockBrokers.com's annual review format seven years ago which is respected by broker executives as the most thorough in the industry. Currently maintaining funded accounts with more than a dozen different US regulated online brokers, he's executed thousands of trades through his career and enjoys sharing his experiences through his personal blog, StockTrader.com.


Ratings Overall

Best in Class

2017
15

Overall
  • Commissions & Fees
2016

Overall
This broker did not finish Best in Class.
2015
 0

Overall
This broker did not finish Best in Class.
2014
17

Overall
  • Commissions & Fees
2013
15

Overall
  • Commissions & Fees

Commissions & Fees

Commission Notes

Just2Trade commissions structure details below:

Stock Trades - $2.50 per trade. There is an additional charge of $.003 per share for extended hours trading. For stocks priced less than $1.00, add $0.003 per share for the entire order (maximum commission per order not to exceed $5.50).

Options Trades - $2.50 + $.50 per contract. There is a $20 fee for each exercise or assignment.

Mutual Funds - $12.50 per trade.




Trade Commissions Breakdown

Stock Trade Fee (flat) $2.50
Stock Trade Fee (per share) $0.00
Options Base Fee $2.50
Options Per Contract Fee $0.50
Options Exercise Fee $20.00
Options Assignment Fee $20.00
Mutual Fund Trade Fee $12.50
Broker Assisted Trades Fee $22.50
Minimum Deposit $2,500.00

Margin Rates

Margin Rate Under $24,999.99 7.00%
Margin Rate $25,000.00 to $49,999.99 6.50%
Margin Rate $50,000.00 to $99,999.99 6.25%
Margin Rate $100,000.00 to $249,999.99 5.50%
Margin Rate $250,000.00 to $499,999.99 5.50%
Margin Rate $500,000.00 to $999,999.99 5.00%
Margin Rate Above $1,000,000.00 4.75%

Miscellaneous Fees

Bond Trade Fee N/A
Treasury Trade Fee N/A
IRA Annual Fee $50.00
IRA Closure Fee $75.00
Returned ACH Fee $50.00
Returned Wire Fee $25.00
Stock Certificate Processing Fee N/A
Stock Certificate Delivery Fee $20.00
Paper Statement Fee $5.00
Paper Confirmation Fee $3.00
Domestic Wire Fee $30.00
International Wire Fee $60.00

Account Features

Offering of Investments

Advisor Services help No
Bonds (Corporate) help No
Bonds (Municipal) help No
Bonds (US Treasury) help No
CDs help No
Clearing Firm help COR Clearing LLC & Vision Financial Markets
Commission Free ETFs help 0
Direct Market Routing - Stocks help Yes
Direct Market Routing - Options help No
DRIPs help Yes
# of Easy to Borrow Stocks help 3400
Forex Trading help No
Futures Trading help Yes
Member FINRA help Yes
Member SIPC help Yes
Mutual Funds help Yes
Mutual Funds (No Load) help 3000
Mutual Funds (Load) help 100
Mutual Funds (NTF) help 2900
Mutual Funds (Total) help 3000
Mutual Funds Phone Trades help Yes
Mutual Funds Web Trades help No
No Fee IRAs help No
No Inactivity Fees help Yes
No Minimum Deposit help No
Options Exercising (Web) help No
Options Exercising (Phone) help Yes
Options Trading help Yes
Complex Options Max Legs help 1
Options Trading (Mini) help No
Options Trading (Weekly) help Yes
OTCBB / Pink Sheets help Yes
Stock Trading help Yes

Customer Service

Phone Support help Yes
Email Support help Yes
Live Chat (Current Clients) help Yes
Live Chat (Prospect Clients) help Yes
24/7 Support help No

Platforms & Tools

Desktop Platform (Windows) help No
Desktop Platform (Mac) help No
Web Platform help Yes
Active Trading Platform help Just2Trade+
Charting - Display Corporate Events help No
Charting - View Historical Trades help No
Charting - Indicators / Studies help 92
Charting - Drawing Tools help 11
Charting - Trade Off Chart help No
Charting - Notes help Yes
Heat Mapping help No
Ladder Trading help No
Level 2 Quotes - Stocks help No
Level 2 Quotes - Options help No
Option Chains - Streaming Real-time help No
Option Chains - Total Columns help 22
Option Chains - Quick Analysis help Yes
Options Analysis - P&L Charts help Yes
Options Analysis - Probability Analysis Basic help Yes
Option Analysis - Probability Analysis Adv help No
Option Positions - Contract Rolling help No
Stock Alerts Delivery - Email help No
Stock Alerts Delivery - Sound help No
Stock Alerts Delivery - Text SMS help No
Streaming Time & Sales help No
Streaming TV help No
Trade Hot Keys help No
Virtual Trading help Yes
Watch Lists - Streaming Real-time Quotes help No
Watch Lists - Total Fields help 18

Research

Research - ETFs help No
Research - Mutual Funds help No
Research - Pink Sheets / OTCBB help No
Research - Fixed Income help No
Misc - Global Markets Overview help No
Misc - Portfolio Allocation Breakdown help No
Misc - Portfolio Builder help No
Equity Research - Earnings Analysis help Yes
Equity Research - Insider Analysis help No
Equity Research - Metric Comparisons help No
Equity Research - SEC Filings help No
Equity Research - Social Sentiment help No
Equity Research - Research Reports help 0
ETF Research - Performance Analysis help No
ETF Research - Top 10 Holdings help No
ETF Research - Morningstar Style Box help No
ETF Research - 3rd Party Ratings help No
ETF Research - Research Reports help No
Mutual Fund Research - Fees Breakdown help No
Mutual Fund Research - Top 10 Holdings help No
Mutual Fund Research - Performance Analysis help No
Mutual Fund Research - Prospectus help No
Mutual Fund Research - 3rd Party Ratings help No
Mutual Fund Research - Research Reports help No
Screener - Stocks help No
Screener - ETFs help No
Screener - Mutual Funds help No
Screener - Options help No
Screener - Bonds help No

Education

Has Education - Stocks help No
Has Education - ETFs help No
Has Education - Options help No
Has Education - Mutual Funds help No
Has Education - Fixed Income help No
Has Education - Retirement help No
Investor Dictionary help No
Client Webinars help Yes
Client Webinars (Archived) help Yes
Live Seminars help No
Videos help No
Retirement Calculator help No
Progress Tracking help No
Interactive Learning - Quizzes help No

Mobile Trading

iPhone App help Yes
iPad App help No
Apple Watch App help No
Android App help Yes
Android Tablet App help No
Mobile Site help Yes
Touch ID help No
Account Transfers help No
Quotes (Real-time) help Yes
Quotes (Streaming Real-time) help No
Watch List (Real-time) help Yes
Watch List (Streaming Real-time) help No
Watch List Syncing help No
Market Movers (Top Gainers) help No
Custom Screening / Scanning help No
Charting - Stock Comparisons help No
Charting - Technical Studies help 0
Charting - After Hours help No
Stock Alerts - Basic Fields help No
Stock Alerts - Advanced Fields help No
Stock Alerts Delivery - Push Notifications help No
Customizable Homescreen help No
Streaming TV help No
Trading - Stocks help Yes
Trading - After-Hours help No
Trading - Conditional Orders help No
Trading - Mutual Funds help No
Trading - Simple Options help Yes
Trading - Complex Options help No
Trading - Option Rolling help No

Banking

Member FDIC help No
Checking Accounts help No
Savings Accounts help No
Debit Cards help No
Credit Cards help No
Mortgage Loans help No
Mobile Check Deposit help No
Online Bill Pay help No
Mobile Bill Pay help No
ATM Fee Reimbursement help No
No Fee Banking help No
Retail Locations help 0

Order Execution

Receives Payment for Order Flow (Equities) help Yes
Receives Payment for Order Flow (Options) help Yes
Client Liquidity Rebates help No
Financial Information Forum (FIF) Participant help No

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All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.




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