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Just2Trade Review

The StockBrokers.com best online brokers 2019 review (9th annual) took six months to complete and produced over 30,000 words of research. Here's how we tested.

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.

Review Summary

Rank: 14th (of 16)

Just2Trade is a discount brokerage offering low-cost stock trades and an easy to use trading platform, Just2Trade+. Unfortunately, Just2Trade provides little to no research tools and a very low-quality customer experience that, overall, is not worth the cost savings.

Benefits

  • Low cost commissions structure.

Considerations

  • Poor customer service.
  • Confusing site design.
  • Too many platform options.

Commissions & Fees

Rank: 10th (of 16)

Just2Trade's basic Per-Trade commission structure is straightforward and easy to understand. That said, there are one-off fees customers should be aware of (see below, "Considerations").

Benefits

  • $2.50 stock trades. $2.50 + $.50 per contract options trades.

Considerations

  • Just2Trade charges $2.50 per trade + $0.003 per share for any stocks trading under $1 per share or that are listed on the OTCBB.
  • No commission-free ETFs are offered.
  • There is an additional charge of $.003 per share for extended hours trading.

Further Reading

Fees Comparison

FeatureJust2Trade
Minimum Deposit$2,500.00
Stock Trade Fee (per trade)$2.50
ETF Trade Fee$2.50
Options Base Fee$2.50
Options Per Contract Fee$0.50
Mutual Fund Trade Fee$12.50
Broker Assisted Trades Fee$22.50
Commission-Free ETFs0
View all 23 data points

Platforms & Tools

Rank: 12th (of 16)

Just2Trade offers several platforms. The primary platform is web-based Just2Trade+, which is available to all customers 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.

Benefits

  • Just2Trade+ has the basics needed to trade: watch lists, charting, options chains, and an order ticket window make up the bulk of the experience.
  • 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.

Considerations

  • No stock alerts can be set, hot keys are not supported (sorry active traders), and there are no trade idea generation tools available.
  • Option chain 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 also offers Just2Trade Lite, Just2Trade Pro, and Sterling Trader. However, we found offering additional platforms to be confusing.

Gallery

Further Reading

Tools Comparison

FeatureJust2Trade
Web Platform Yes
Desktop Platform (Windows) Yes
Watch Lists - Total Fields18
Charting - Drawing Tools29
Charting - Indicators / Studies92
Option Chains - Total Columns22
Streaming TV No
Paper Trading Yes
Platforms & Tools 2.5 Stars
View all 59 data points

Research

Rank: 14th (of 16)

Just2Trade attempts to include research for its customers; however, the offering is weak, to say the least.

Benefits

  • Basic stock quotes and company data provided.

Considerations

  • No third-party research reports.
  • No research for ETFs, mutual funds, or bonds.
  • No screening tools provided.

Research Comparison

FeatureJust2Trade
Research - Stocks Yes
Stock Research - Reports0
Research - ETFs No
Research - Mutual Funds No
Research - Pink Sheets / OTCBB No
Research - Fixed Income No
Research - Futures No
Research - Forex No
Research 1 Stars
View all 60 data points

Customer Service

Rank: 14th (of 16)

To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2019 Broker Review, 300 customer service tests were conducted over ten weeks.

Results

  • Average Connection Time: <1 minute
  • Average Net Promoter Score: 6.6 / 10
  • Average Professionalism Score: 6.3 / 10
  • Overall Score: 6.97 / 10
  • Ranking: 14 th (16 brokers)
  • View Infographic

Mobile Trading

Rank: 14th (of 16)

Just2Trade offers a limited mobile app that provides a continuously frustrating experience. Bugs are frequent and functionality is lackluster.

Benefits

  • Watch lists include streaming real-time quotes.
  • Ninety optional indicators available for charts; however, numerous indicators are buggy and do not work.

Considerations

  • Consistently buggy experience.
  • Cannot pull up basic company information such as recent news or company data.
  • Only basic stock and options trading supported.
  • No Touch ID / Face ID support.

Gallery

Further Reading:

Mobile Apps Comparison

FeatureJust2Trade
iPhone App Yes
Android App Yes
Apple Watch App No
Watch List Syncing No
Stock Alerts - Basic Fields No
Charting - After Hours No
Mobile Trading 2.5 Stars
View all 52 data points

Offering of Investments

Rank: 12th (of 16)

Beyond a basic offering of stock and options trading, Just2Trade has little to offer investors.

Benefits

  • None.

Considerations

  • Options trading only supported up to two legs.
  • Limited offering of mutual funds supported only by phoning in orders.

Further Reading

Offering Comparison

FeatureJust2Trade
Stock Trading Yes
OTCBB / Pink Sheets Yes
Options Trading Yes
Complex Options Max Legs2
Options Exercising (Web) No
Options Exercising (Phone) Yes
Bonds (US Treasury) No
Bonds (Corporate) No
Bonds (Municipal) No
Futures Trading Yes
Forex Trading No
Mutual Funds (No Load)3000
Mutual Funds (Total)3000
DRIPs Yes
Advisor Services No
Offering of Investments 2.5 Stars
View all 40 data points

Education

Rank: 16th (of 16)

Just2Trade offers no educational resources to customers.

Benefits

  • None.

Considerations

  • No education offered.

Education Comparison

FeatureJust2Trade
Has Education - Stocks No
Has Education - ETFs No
Has Education - Options No
Has Education - Mutual Funds No
Has Education - Fixed Income No
Has Education - Retirement No
Paper Trading Yes
Videos No
Webinars (Monthly Avg)0
Webinars (Archived) No
Live Seminars No
Progress Tracking No
Interactive Learning - Quizzes No
Investor Magazine No
Education 0.5 Stars
View all 19 data points

Final Thoughts

Rank: 14th (of 16)

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

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.

2019 Review Methodology

For the StockBrokers.com ninth annual best online brokers review published in February 2019, a total of 4,544 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.


Blain Reinkensmeyer

About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in The New York Times, Forbes, and the Chicago Tribune, among others.

All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. 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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