Monday, December 8, 2008

Just2Trade

Just2Trade claims that it has "the best pricing in the industry." And at $2.50 per trade, it very well might if you don't trade very often. For $2.50 per trade you get free streaming quotes, an options screener, stock alerts, and most impressive is a free tax preparation software called Maxit - a feature similar to what Zecco offers but at a hefty monthly fee. Additionally, their margin interest rates are very low and their cash balance interest rates are high compared to others in the industry.

You can execute just about any order type as well as no limit or minimum on the number of shares you trade, nor limits on the price of the stock. They offer a trading platform called the "Trading Desk" but you have direct access to the platform from their website; unlike SogoElite's platform.

Just2Trade's Extended Hours trading starts earlier and ends later than SogoElite. The firm offers Extended Hours trading from 7:30a to 9:30a and again from 4p to 8p for an additional fee of $.003 per share. 

Just2Trade has a $2,500 dollar minimum and requires that all applicants have at least 2 years of trading experience. With that said, Just2Trade advises novice traders not to chose them as their brokerage of choice. Something to think about considering they do not offer the bells and whistles that many traders rely upon.

After reading a few other reviews I'm gathering that customer service is not Just2Trade's strong-suit. They offer a discount service and that's exactly what you're getting with multiple day turn-arounds for e-mail inquiries.

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Last Updated 12/8/08