Just2Trade review and tutorials

Just2Trade Forex Broker Review

Detailed Just2Trade Review 2020: Forex, CFD'S and Crypto Regulated Broker

Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry

Just2Trade Forex Broker Review

Just2Trade trading information

Bonus
No
Instruments
Forex, Stocks, Futures, Options
Demo Account
Yes
Min. Deposit
£2500
Min. Trade
1 contract
Regulated By
FINRA, SIPC, NFA
MT4 Integration
Yes
Mobile Apps
iOS and Android
Auto Trading
No
Trade Signals
No
Islamic Account
No
Just2Trade Forex Broker Review

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official Just2Trade Registration

Just2Trade is a broker that provides stocks and options to sell across professional platforms and devices. The bid is made completely exclusive by Premiun Trading software and groundbreaking services such as Try2BFunded.

Review

Just2Trade distinguishes itself from other brokers by a few things:

  1. It has a highly competitive market framework and good commercial execution.
  2. It is unique in providing customers with access to social additions (WhoTrades social network) and trading and copying services through a company called Novoadvisor. It helps customers in the Just2Trade network to reach the top-performing traders and trading strategies. It thus functions as a cross between “robo” and conventional consultancy services.
  3. Just2Trade has set up its own trader development scheme, Try2BFunded, in which traders who meet certain income thresholds while managing risk efficiently under a simulated trading environment will earn a supported account directly from the company without their own capital commitment. This seeks to provide the ability for traders to confidently follow their passion for trade in the sense of a healthy environment (i.e., without losing life savings).

Just2Trade would be of greatest interest to active traders who need access to stocks (both U.S. and international), options, and futures to monitor their costs.

Trades can be executed via the web-based or mobile channels of Just2Trade, or through apps from third parties.

Company Details

Just2Trade is a deep discount brokerage established in 2007. The head office in in New York, NY.
WhoTrades, Inc. acquired it in 2015 which places focus on social trading.

Just2Trade offers services to active traders by focusing on fair prices for volume traders. This is a broker-dealer registered with FINRA and is a part of the SIPC and NFA.

Trading Platform

On its primary proprietary platform, Just2Trade provides access to stocks, ETFs and options. It also provides the trading of shares and mutual funds, but not as part of its proprietary trading network.

When a customer wishes to buy these securities they will call the broker to try and find the securities they want to trade.

Just2Trade offers access to various futures trading sites from third parties (e.g., Sterling Trader Pro, CQG Trader, OEC Trader, and the iBroker smartphone app), with access to trial models.

Just2Trade Forex Trading Dashboard

The web-based platform has a simple and intuitive interface that shows the features of your portfolio assets, results, total profit / loss, market data and graphs and charts.

Many configurations are available, including displaying several charts at the same time.

Just2Trade Forex Broker Review

Traders can choose themes that suit them – dark and default are offered.

Just2Trade CFD trading

Types of Accounts

Just2Trade offers a number of different accounts to suit the particular personal financial needs of the clients:

  • Individual
  • Joint with Rights of Survivorship
  • Joint with Tenants in Common
  • Custodial
  • Traditional IRA
  • Roth IRA
  • Rollover
  • SEP IRA
  • Corporate
  • Limited Liability
  • Partnership
  • Sole Proprietorship
  • Trust

Different conditions apply for each to begin trading in the account. The minimum balance needed to begin trading is $2,500 under the Per-Trade scheme. (Per-Trade is dealt with in more detail below in the Spreads & Commissions section).

The minimum balance needed for opening a Futures Account is $2,500. The minimum balance needed for holding it open is $100.

To open an account consumers must be 18+ years old.

Just2Trade enables an account to be opened by US citizens, US residents and foreigners. However, certain non-US jurisdictions may not be able to open an account, or may be restricted to particular account deals (e.g., they can no have a margin accounts).

The company can not open accounts for clients from these countries:

· Afghanistan · Bosnia & Herzegovina · Central African Republic · Cuba · Democratic Republic of the Congo (formerly Zaire) · Guyana · Iran · Iraq · Laos · Libya · Nigeria · North Korea · Somalia · Syria · Uganda · Vanuatu · Yemen.

Assets / Markets

Just2Trade provides a wide variety of investment and trading platforms from stocks (US and international alike), ADRs, ETFs, mutual funds, bonds, futures and futures options.

A trader would need to use a third party trading program to handle all of these from the same platform.

Trading bonds and mutual funds can be done via telephone, as noted above.

Non-US traders may open an account with Just2Trade’s Cyprus SEC-registered company to access spot cryptocurrencies, forex trading, and CFD trading to go along with the other tradable instruments offered by the US business.

Spreads & Commissions

Just2Trade ranks among industry leaders in low per-trade and per-share cost of trade.

Most traders and investors quickly lose track of how much they pay out every year in commissions. To active traders who still pay $5 per trade or more, that can add up to thousands of dollars annually (or even monthly for active traders) in commissions only.

Just2Trade customers who are on the Per-Trade program and exchanging larger volumes of shares per exchange (i.e., 500 or more) will benefit ahead of Interactive Brokers who charge $0.005 per share.

Just2Trade also provides a per-share trading plan for less than 1 million shares traded per month, beginning at $0.0025 per share. For accounts dealing in amounts of at least 5 million shares a month, this decreases to as low as $0.001 a share.

Just2Trade is a better alternative for options trading costs, when compared to Interactive Brokers, or it is at least equal.

Just2Trade charges a $0.50 per options contract for its per-trade plan as well as a base fee of $2.50. For example, if a client wanted to trade contracts with 20 options, the cost to Just2Trade would be $12.50.

This number is usually $15 or more on Interactive Brokers. When one is trading options contracts in any non-trivial volume form (i.e., above around 10 per month), Just2Trade is probably the best option for users.

Just2Trade Options Pricing

The commissions are paid at a rate of $2.50 per exchange for accounts participating in the Per-Trade program.

Accounts which see their equity values fall into the range of $2,000-$2,499 will be paid $4.00 per transaction.

Accounts dropping below $2,000 would not be allowed to open new positions until they lift equity back above that level.

Accounts must have a minimum balance of $25,000 to participate in the Per-Share program and must be a margin account. (Margin accounts opened under the Per-Trade program can be opened for as little as $2,500.)

Futures accounts commissions are $2,50 per deal.

Leverage

Just2Trade provides margin rates for accounts under $10,000 starting at 8.50 percent and going down to 5.25 percent for accounts with balances of one million dollars or more. It undercuts other rebate brokers including Ameritrade, Scottrade, Schwab, and Etrade:

Just2Trade Broker Leverage

Margin criteria for long stock positions are dependent on the security share price. Stocks priced at $3.00 or less per share have a margin minimum of 100 per cent (for initial and maintenance margins alike).

All inside the range from $3.01 to $5.00 are subject to a minimum of 50 per cent requirement. Those at or over $5.01 a share have a requirement of 30 percent.

Special rules regulating margins often refer to accounts holding concentrated positions.

When one equity position (held long) accounts for more than 50 percent of the total margin account value, no less than 50 percent will be the maintenance margin requirement for that protection.

Additionally, certain stocks might have higher margin requirements if their volatility is at a particularly high level requiring additional capital to be kept. Just2Trade upholds the right to any time change the securities margin criteria.

Other Trading Fees

  • Per-Trade plan has no monthly charge.
  • Per-Share package has a minimum monthly cost of $333. When the cumulative commissions paid under the Per-Share program are below the minimum monthly fee, the difference is debited to the account.
  • Clients may have to pay data fees depending on markets where they may need real-time data.
  • Trading during extended hours is subject to a fee surcharge of $0.003 per share for Electronic Communication Network (ECN) orders.
  • Given mutual fund and bond trading must be done over the phone with a live representative, if the security can be located, broker assisted charges will apply

Mobile Apps

Just2Trade offers 2 smartphone applications.

  • Just2Trade+ (“Just2Trade Plus”)
  • Just2Trade Pro

Both available on Android and iOS.

Such systems relate roughly to the web-based models. Instruments for trading on browser-based sites are also available on the smartphone devices. There are also charting tools at disposal.

Methods of Payment

A Just2Trade account may be financed by a wire transfer, an OFX transfer, an ACH transfer or a transfer of account.

Visa card, debit card, PayPal, credit card checks, traveler’s checks, money orders, or Western Union can not finance accounts.

ACH – Automated Clearing House

The ACH system (“Automated Clearing House”) is one of the most popular electronic payment networks in the US.

Requests for transfer of funds can be made between Just2Trade and one’s bank account once the ACH relationship between the two is established.

There is no cost associated with using Just2Trade to connect your bank account to move funds. Nor is there any expense associated with any ACH deposit, withdrawal or activation action. Also, as the process is paperless, postage charges do not apply.

ACH partnerships are, however, not actually eligible for IRA accounts.

It takes between 5-7 business days to create the ACH link between Just2Trade and your bank account, and includes an ACH Activation Form.

It takes about 2-3 business days for funds to be transferred via ACH. Funds deposited by ACH need a hold of five working days before being available for trading with.

You will remove this lock by uploading evidence that the funds entered your bank account via email Just2Trade’s [email protected] (or by fax).

Between 10 business days of the initial deposit ACH deposits may be removed. Otherwise, ACH deposits may be withdrawn via check, wire, or an automatic customer account transfer (ACAT) after 60 calendar days have passed since the original date the deposit was made.

Requests for inbound and outbound ACH require $100 or more. The daily limit for incoming ACH transfers is $25,000, while the daily limit is $100,000 for outbound ACH transfers.

Wire Tranfers

Domestic wire transfers can take up to one full business day given all the wire transfer account information is right.

Depending on the country of origin, international (non-US) wires may take 1–2 business days. Missing or incorrect information about the account can delay wire transfer.

Accounts are usually charged $50 when an account (i.e., an ACAT) is moved out. The same $50 fee applies for an IRA account being transferred and automatically closed. Fees for physical and/or international settlements shall apply.

Usually, ACAT payments can be avoided if accounts are first liquidated (i.e., all assets converted to cash), then closed. The cash may then easily be withdrawn and transferred to another brokerage account.

Demo Account

Just2Trade provides the Just2Trade+ and Sterling Trader Pro demo account.

Just2Trade+ is a browser-based platform which does not require installation of any software. It comes with an interface that can be personalized, links to US markets, delayed market data, market depth data, news and accurate stock data. This allows you to check all your orders, and displays your current portfolio and results on the market.

Sterling Trader Pro is a trading site for direct exposure to equities and options. The system trading options measure the volatility and the Greeks.

The chain of options illustrates options in-the-money for faster decision-making. In addition, the platform has available 11 preconfigured trade structures including Butterflies, Calendar Spreads, Covered Calls, Iron Condors and Straddles.

Spread order entries can be customised absolutely. Project charting supports over 60 metrics, as well as configurable studies.

Regulation and Licensing

Just2Trade is a broker-dealer regulated by SEC, and a member of FINRA, SIPC, and NFA.

The SIPC covers up to $500,000 in securities and assets in a customer’s brokerage account and up to $250,000 in assets security in the account.

But under such conditions, the SIPC does not protect against market risk, make guarantees of investment success or cover securities or futures contracts.

Additional Features

Just2Trade integrates with its global social network WhoTrades, which enables all traders to create a personalized feed and share with other traders ideas, companies / securities, news and strategies of interest to them.

It’s open to everyone, not just to clients of Just2Trade.

Just2Trade trading additional features

NovoAdvisor

In addition, Novoadvisor, the proprietary trading platform of Just2Trade, offers traders with access to the top-performing traders and strategies on the Just2Trade network.

Essentially, Novoadvisor is about crowdsourcing investment ideas and exchanging them with a broader traders and investors group.

Novoadvisor profile provides total clarity over practically all you’d need to learn to make a decision about whether a strategy suits your personal needs and expectations.

This includes returns, drawdowns, performance patterns, portfolio holdings and percentage allocations, a trading style synopsis created by AI and/or consumer, follower-based popularity, and any related time-stamped trading behavior.

Just2Trade Novoadvisor dashboard

Try2BFunded

Just2Trade also provides a new system, Try2BFunded, for those wanting to become a trader with no upfront commitment to money.

Traders are put on a demo / paper trading account during the first two stages of the program and must reach a profit goal while avoiding specific drawdowns and maximum daily loss numbers.

If both pass successfully, they will get access to a supported real-money account and trade on the resources of the company (monthly subscription fee applies).

When a prospect passes through Try2BFunded’s qualifying stages successfully, the initial capital balances available are $30,000 ($100 monthly subscription fee), $50,000 ($150/mo) which $100,000 ($300/mo), and will be the same as the initial test account balance selected at the program’s launch.

Profits are distributed to the dealer by 60 per cent and Just2Trade by 40 per cent.

Just2Trade plans to carry out a testing service for traders later in 2019.

Diagnostic Tool

It will help traders recognize common mistakes that they might be making, how effectively they open and close positions, how well they handle their portfolio / book, the risk of their portfolio, how well they trade in difficult circumstances (i.e., volatility-based) and how they can help build a better portfolio.

The diagnosis will also offer traders recommendations to follow on Novoadvisor who are strong in areas where the trader might be poor.

Trading Hours

Trading hours run Monday through Friday from 9:30am to 4:00pm EST, except holidays. Just2Trade also provides shortened trading hours (i.e., pre-market and post-market) from 8:00am to 9:30am, EST, and from 4:00pm to 7:00pm EST.

Contact & Customer Support

You can contact customer support by phone, fax, e-mail and live chat.

Customer service is available Monday-Thursday from 9 am to 6 pm EST during working hours, and from 9 am to 5 pm EST on Friday.

Security and Safety

All sensitive information that is submitted to the site is encrypted and safeguarded.

Just2Trade’s mobile apps Just2Trade+ and Just2Trade Pro offer the ability to access a trading account by providing a PIN or fingerprint authentication.

Just2Trade uses an external account authentication program but they can use Plaid to authenticate bank and brokerage accounts of a customer for such unique functions.

Authentication with two-factor values is also allowed. The desktop trading platform includes user credentials (i.e. username, password) and a phrase / image and pin for authentication.

Just2Trade Benefits

  • Stocks, ETFs and ADRs can be traded for as low as $2.50 per transaction
  • Options can be traded for as little as $2.50 per yransaction (flat fee) and $0.50 per contract
  • Individuals who trade at greater share volumes may implement trades starting at just $0.001 per share and $0.35 per options contract
  • Offers access to specific features like a social network for trade topics (WhoTrades), a trade-following/trade-copying platform that offers access to the top traders in the community (Novoadvisor), and, coming soon, a commerce analytical instrument to help fix common trade errors
  • Offers access to a trader growth application which allows anybody to possibly finance an account without funding participation of their own if they can show strong trading skill (Try2BFunded), with accessibility to $100,000 max
  • Third-party apps can be obtained to supplement Just2Trade’s present technology

Just2Trade Drawbacks

  • Stock screeners are tools for research that require third-party applications
  • You need $2,000 to start an account
  • Client service is not available 24/7 or 24/5

Overall Verdict

Just2Trade would more likely cater to independent day traders and more competitive swing traders who are worried about costs and have their own preferences on what technologies and services they need to support their trading and aid in their analysis.

In addition, algorithmic traders may also be interested in Just2Trade given the ease with which APIs and custom automated trading applications can be built for execution to connect to Just2Trade.

While Just2Trade serves higher-volume traders directly, it typically lacks the standard analytical tools and filters (e.g. stock / bond screeners) and conventional trading education services that other brokers may offer.

Nonetheless, with the introduction of a trading diagnostic tool (a form of trading coach or AI assistant) Just2Trade is making progress in this field. Training is primarily oriented towards the intrinsic networking features of WhoTrades and Novoadvisor.

Its trader creation programme, Try2BFunded, is also unique among brokers in that it provides clients with the opportunity for risk-free trading on the company’s money, with a beneficial 60/40 benefit split in favor of the trader.

If you’re looking for good trading execution, extremely competitive pricing without the additional costs associated with conventional brokers, and access to social features and exclusive trading and copying tools that track top traders and market strategies, then Just2Trade might be a perfect match for your trading needs.

Accepted Countries

Just2Trade accepts traders from Australia, Thailand, Canada, Great Britain, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other nations.

Traders from Uganda, Nigeria, Yemen and the United States are not permitted to use Just2Trade.

Just2Trade Forex Broker Review

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

Just2Trade Forex Broker Review
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