Just2Trade
Is This Your Business?2.9
2.9
Author: Kalicia Bateman
LAST UPDATED: November 11th, 2021
Top Ranked Companies
The Good
- Competitive prices
- Business options
- Transaction security
- Applicable forms
- Advanced capabilities
Competitive Prices
Rated by several reliable publication sources, such as Kiplinger's Personal Finance, Barron's, and Smart Money, the Company's trading offerings and pricing have proven to be very competitive in the brokerage industry. The Company also appears to have great customer service resources available, such as via phone, e-mail and live chat for instant responsiveness. Various account types are also available, from individual and joint ownership accounts to retirement and educational accounts.Business Options
Accounts for businesses are also available to appeal to all possible customer types. The possibility of investing through retirement accounts and educational accounts is particularly notable as the Company appears to be targeting all demographics in its customer base. The target audience also appears to be tech savvy investors (for both PC and Mac users alike) as every aspect of the process is automated and online.Transaction Security
The Company also provides for account protection for its customers. In addition to SIPC coverage of $500,000 ($250,000 max in cash), Just2Trade accounts are protected with additional coverage of $100 million through Lloyd's of London. This coverage offers a maximum of $24.5 million per client and up to $900,000 in cash. With SIPC and Lloyd's of London coverage, customers can feel protected: up to $25 million per client (as defined by SIPC rules), which includes up to $1.15 million for cash balances.Applicable Forms
The Company has a vast inventory of applicable forms, not only relating to its various investment options, but also for tax and other regulatory filings that are required from active traders. 1099 reporting, in particular, is fully supported by the Company electronically through each member's account. A large variety of bank transfer options is available for depositing funds for trade and for withdrawing proceeds from affected transactions.Advanced Capabilities
The platform includes advanced order routing management and real-time profit/loss capabilities, making it particularly suitable for trading groups. WhoTrades, Inc. is a New York-based registered broker/dealer with the Securities and Exchange Commission (SEC), is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investors Protection Corporation (SIPC).The Bad
- Financial advisors
Financial Advisors
A negative aspect of the Company's services is the lack of availability of professional financial advisers. Providing access to such valuable resources diminishes the integrity of the services provided by the Company especially in instances when those professional resources could be needed the most.The Bottom Line
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Amanda
I've been watching Just2trade for quite a long time but have not yet opened an account due to bad feedback. I finally decided to go ahead and open up an account as not a single broker charges such low transaction fees. Everything turned out much better than I thought. Regrettably, the company's help desk is not up and running 24/7, but, as a rule, I can reach the help desk after one or two calls, and email requests are answered within 24 hours. I don't know whether the company has hired new staff, but the account managers are good, competent, and definitely not those who are spoken of below.
10 years ago
Jane Smith
Hi, my experience with Just2Trade is about 3 months. I had some troubles with trading platform. It took me time to learn all opportunities. But customer service was great. They provide me with all information. Besides I found several good articles in Just2Trade's FAQ. It really helped me.
10 years ago
James Riley
I've used this company for several months now and I have nothing bad to say about them. Customer service is always available to me when I call, the trading platform is solid and have not had issues with any bugs.
10 years ago
Roger
After j2t was acquired by Whotrades things started to change in a positive direction - the trading platform is much better now. I like them for low commisions and they are one of rare US brokers allowing accounts for citizens of EU. I'm a beginner, occasional trader and works for me.
10 years ago
Ray Firs
Everything is cool. I was planning to write an overview in my blog, but at this point I'd rather wait until J2T launches a partnership program, and then I would encourage my subscribers to sign up.
10 years ago
Steve Ayers Pawleys Island, SC
When this company was lowtrades.com they were dropped by FINRA because they were running a ponzi scheme and defrauding investors. Super easy to find on the internet, just look up lowtrades.com and fraud.
All they did was move the accounts over to just2trade, which was already part of their parent company, and most of the same people are still there.
A dead stinking fish is still a dead stinking fish.
10 years ago
Patton Nguyen
Just2trade hold your money for 3 days after you close your trade. That means you need to wait 3 days before you can trade again. They use this rule for cash accounts. I applied for margin account many times but was rejected... as if they want to use your money to invest in something else???
9 years ago
Review Source
Hannah Barth Tallahassee, FL
I really like Just2Trade. I like all of the trading instruments they have. Also withdrawing is super easy.
4 years ago
david San Leandro, CA
I had a very bad experience with Just2trade. Customer Service is very bad!
9 years ago
mark mccrum White Plains, NY
make up fees as they go along
10 years ago
Truong Vuu
Just2 trade customer service is very BAD.
10 years ago
