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Min. Deposit: 100 US$
Platforms: MT4, MT5, CQG
Found in: 2006
Just2Trade Online Ltd – authorized by CySEC (Cyprus) registration No.281/15
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While you are looking for an appropriate broker to trade always make sure to verify all legal information, as well as define necessary points in its trading offering. For this reason, we assist in selection by providing you quality information and details about brokers, so here is Just2trade Review for your consideration.
What is Just2trade?
The company Just2trade is a Cyprus established brokerage firm that offers its trading services since 2006 and gained trust of over 155,000 clients from various world countries. Apart from the fact that just2trade is a fully regulated trading broker, it also serves additional trading name Finam, available for EU clients.
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!
One of the most attractive offerings from just2trade is the low margins and no hidden fees policy, while a range of 20 markets offers over 30,000 instruments. Just2trade is an STP broker while its costs are among lowest in an industry with spreads starting from 0 pips and a full range of trading powerful tools.
In addition, just2trade highly recognizing the necessity to support clients at every step they take. Therefore, you may count on 24/7 support, as well as professional analytical assistance with coverage of all financial markets. For its supporting reason, just2trade serves and opened representative offices in almost all major locations covering Europe, Asia and American clients needs.
Along with investment opportunities through designed programs alike saving programs defined by the client�s need and purpose mainly offered as RoboAdvisor or similar.
Even though Just2trade offer looks attractive you should always check the most important information of the broker�s proposal. In this purpose this review covers the following highlights:
Is Just2trade safe or a scam?
Now is the most important note within our Just2trade review, obviously, it doesn�t matter how good offering is if the broker you select is a scam. However, Just2trade is a reliable firm due to its regulation in the European Union by the Cyprus CySEC. Automatically it means that the brokers� offering is compliant to MiFID directive set by ESMA, therefore provides legal trading service within EEA zone cross boarding agreements.
Yet, make sure to verify the correct address of Just2trade, as you may see by the website we provide and snapshots respectively. There is another company just2trade.com which is an offshore entity, which we never recommend trading with due to high risks.
So all in all, while you open an account with a regulated broker, automatically all necessary regulations towards your account and money management are applied. Regulated brokers, like just2trade and its other name Finam, constantly overseen how procedures are followed and maintained. Otherwise, the broker will be fined or might be dismissed claimed for law violation, which gives to you as a trader additional peace of mind. Moreover, traders� protection also provided by coverage through the compensation fund in case things go wrong with the broker, so you may stay assured of your funds� safety.
Just2trade Trading Platforms
So getting to the trading software, we discover 4 platforms that are offered by Just2trade, including market leading MetaTrader4 and metaTrader5, CQG and ROX. While MT4 and MT5 might be known to any trader, as they are the most used platforms in the industry especially loved for its great functionality and customer-friendly design. Also allowing you to deploy a strategy of your choice, either manual one or automatic through popular EAs.
CQG is another software that provides direct access to over 40 world exchanges and combining futures and options trading. Also, this platform operates over 35 years and gained its truly reputable standing within the financial industry.
Lastly, the ROX platform will provide you with direct access to exchanges in the USA, Canada, Mexico and Europe, which is more suitable and applicable for active traders or investors of a bigger size. Along with its comprehensive functionality, there are designed additions that range by its level of sophistication, yet are easy to use.
Overall, within our Just2trade Review we saw a truly great platform range, so you will definitely find suitable software and having an option to choose from.
Just2trade Fees and Spread
There are three account types designed by Just2trade that are defined by the execution technology, or by the type of the trader you may be. Therefore, Forex Standard account will be good option for beginners or regular size traders with all costs included into the spread. Forex ECN will utilize ECN execution with quality speeds, while MT5 Global features an individual approach with better trading conditions for high-volume traders.
In addition, you may always practice and polish your skills with Demo account available for all new traders.
As for the spread, in particular, Just2trade offers quite competitive conditions, which is the lowest industry spread, while you may choose the most suitable fee condition defined by the account type, as well as by your proficiency level. Thus, Standard account spreads starting from 0.5 pips with all costs included, and ECN account for active traders feature raw spread plus $3 commission per lot. More examples of raw spread you may see below, as well compare Just2trade fees to another broker FBS.
Of course, fees are defined by the instrument you trade, also may vary from the platform to another. Alike, trading futures or options through CQG will cost you $1.50 per side.
Leverage offered by Just2trade as its set by the regulation applies a maximum of 1:30 for retail traders. Eventually, European authorities significantly lowered requirement towards leverage due to its capability to increase risks dramatically. Therefore with a purpose to protect consumers leverage ratio for regular traders is a way smaller than Forex offered before or as offshore broker offers. Yet, access to higher ratios available for professionals that prove its status therefore may use leverage in its efficient way.
What funding methods Just2trade offers?
There are 20+ methods of funds deposit, so you will definitely find the most convenient method for you personally.
Just2trade minimum deposit
The very minimum which will allow you to open an account with Just2trade is set to 100$, which is a great opportunity for either beginning or seasoned traders. Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be trading through tailored solutions.
Just2trade withdrawal fee
Also, Just2trade performs Funding of trading account free of charge and withdrawal of funds intraday, so its another great plus towards Just2trade Review. Yet, always verify with your payment provider and broker customer service in case of some additional fees due to international polices from the country of your origin.
Conclusion on Just2trade
In conclusion to our Just2trade Review, we must say a broker is not only a reliable company, but a broker with great options to choose from. Apart from a choice between industry powerful platforms, account types and execution models, Just2trade maintains low cost trading for your benefit and good. Also, beginning traders or active once may access professional education and information through leading providers. So all in all, with Just2trade you will find most out of trading available.
However, be aware of another entity just2trade which is offshore one, does not hold any reliable license and has nothing to do with the company we review.
Yet, let us know your opinion about Just2trade, share your experience below and do not hesitate to ask for additional information if necessary.
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.
Top Takeaways for 2020
After spending six months testing 16 online brokers for our ninth annual stock broker review, here are our top findings on Just2Trade:
- At Just2Tade, looks are deceiving. In our testing, we found that Just2Trade underperforms in every aspect of the trading experience, from Trading Platforms to Research, Mobile Trading, and Ease of Use.
- If there is one small brightspot, it is that the web-based Just2Trade+ platform met my expectations of what I would expect for $2.50 stock trades.
- We do not recommend Just2Trade for IRA accounts, beginners, or day trading.
- In our nationwide testing, we found Just2Trade’s phone service to below industry standards.
- While Just2Trade markets low cost trading, the bottom line is that the pricing structure is full of fine-print. Needless to say, we do not recommend Just2Trade for discount trading or trading penny stocks.
|Commissions & Fees||3.5 Stars|
|Offering of Investments||2.5 Stars|
|Platforms & Tools||2.5 Stars|
|Mobile Trading||2.5 Stars|
|Customer Service||3.5 Stars|
|Ease of Use||2.5 Stars|
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 Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.
All pricing data was obtained from a published web site as of 01/20/2020 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.
Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.
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Just2Trade Review – Is it scam or safe?
RECOMMENDED FOREX BROKERS
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spreads|
|Standard||$100||0.01||1:200||From 0.5 pips|
|ECN||$10 000||0.01||1:100||From 0.0 pips + $6*|
* Commission is calculated per standard lot round turn,
Just2Trade offers two basic forex trading account types � Standard and ECN, available on several trading platforms. The Standard account is commission-free, while the ECN one offers raw spreads and involves a small commission for the ECN environment.
Managed account services are available with Just2Trad through MT4 Multiterminal.
In addition, this broker offers a Multi Market Account (ММА) – a service, providing simultaneous access to all key exchanges. Trading on NYSE & NASDAQ, for example, currently is just $1,5 per trade.
The Company. Security of Funds
Just2Trade offers trading in over 50 currency pairs, and provides access to a number of stock exchanges. It uses both MetaQuotes� platforms � MT4 and MT5, as well as API protocol and web based platform TradeX.
Just2Trade is the brand name of Just2Trade Online Ltd., a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).
Cyprus is one of the most popular forex broker jurisdictions in Europe. CySEC applies certain rules and requirements to Cyprus Investment Firms: they must hold at least �730 000 as a proof of financial stability (the same amount is also required from UK-based brokerages by FCA); in addition, forex brokers must keep customer funds in segregated accounts, and regularly report to CySEC.
As a further guarantee to clients� funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to �20 000, If the company is in default.
Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.
Minimum Initial Deposit
In order to open an account with Just2Trade, traders have to invest a minimum of $100. Such minimum initial amount is considered average. ECN accounts, however, aren�t that easily accessible � they require a deposit of at least $100 000. In comparison, leading Cypriot brokerage FXTM offers access to ECN environment with just $200.
Just2Trade provides comparatively low variable spreads, averaged around 1 pips on EUR/USD on commission-free accounts, and around 0.4 pips on ECN ones. If we add the commission applicable ($6 round trip) to ECN spreads, trading costs per lot on different account types turn out to be similar.
In comparison, FXTM�s average ECN spreads amount to 0.7 pips and involve a commission of $4 per lot round turn. For more information, you may look up real-time spreads of 15 leading brokers here.
The maximum leverage level offered by Just2Trade is 1:200, which is average, yet most brokers offer more. Here you may check out a list of brokers, providing leverage equal to or exceeding 1:500.
That, however, is probably about to change, as CySEC has recently introduced some leverage rules, urging brokers to offer default leverage of 1:50, in an attempt to protect clients from the greater risk associated with using high leverage levels.
This broker offers its clients a choice of several trading platforms: MetaTrader4 (MT4), MetaTrader 5, as well as web-based TradeX.
MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.
MT4�s successor, MetaTrader 5 is lately gaining popularity among brokerages. It is no wander that Just2Trade has also adopted it, since this platform allows trading in both forex and stocks through a single account. MT5 is a perfectly equipped trader’s working place that allows trading on the global financial markets and provides all the necessary tools to analyze price dynamics and use the automated trading programs (Expert Advisors).
TradeX Web platform that is simple and easy to use. It offers fast execution advanced technical analysis tools.
In addition, Just2Trade offers trading signals from experienced analysts.
Methods of Payment
Just2Trade offers an array of payment methods: credit/debit cards (Visa, MasterCard, Maestro), bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, UnionPay (Dinpay), iDEAL, POLi, Moneta RU, Qiwi, WebMoney, Яндекс деньги, Safety Pay, giropay, and others.
Just2Trade is a well-regulated broker offering trading in forex and access to a number of stock exchanges. Its offerings seem quite reasonable, except the minimum amount required for ECN access, which we find too high. To sum up the above, here are the advantages and drawbacks with regards to this broker:
|Well-regulated||High initial deposit for ECN account|
|A selection of trading platforms|
|ECN environment available|
|Access to many stock exchanges|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it�s EU-regulated and there�s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it�s regulated in the UK, offers Metatrader 4 (MT4) and cTrader � where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Score Priority / Just2Trade Review
Tools and features focused on active traders
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The broker formerly known as Just2Trade announced in mid-Jan. 2020 that it changed its name and overall focus. Just2Trade was originally founded in 2007 as a deep discount broker with a focus on very active, high-volume traders. The new name, Score Priority, reflects the firm’s vision of developing traders who commit themselves to successful investing.
In addition to the change in name and focus, Score Priority launched a commission-free Lite trading platform with a browser-based application and a mobile app. The company�s new brand identity, logo, and website are intended to more clearly represent the ecosystem and potential value to traders. These changes come at a time when the company is relaunching its service offerings and expanding its capabilities for active and institutional traders. We’ll look at Score Priority’s revamped offering to help you decide whether it is a good fit for your trading needs.
Who Score Priority Is For
The newly launched and reformatted Score Priority is best suited for traders who are past the novice stage and on the way to becoming extremely active. More active traders who want access to stocks, options, futures, futures options, and international markets to create multi-instrument trades will likely see the most value in a Score Priority account.
This review focuses on Score Priority’s features and fees for account holders in the United States. Investors outside the U.S. may choose to open an account with Score Priority�s Cyprus-registered sister company for access to spot forex and contracts for differences (CFDs), in addition to the other instruments provided by the U.S. firm.
You can connect the Score Priority trading engine to a third-party application for more powerful analytics
The per-share and per-contract pricing tables reward high-volume traders with very low commissions
Customers can qualify for up to three months of free access to Trade Ideas, a third-party site offering a suite of scanning and advanced analysis tools
The services and research offered on the Lite (zero commission) website are very limited
A minimum account balance of $2,000 is required and inactive accounts incur fees
The order routing system does not seek out price improvement
Score Priority does well in terms of accessibility and ease of use. Setting up an account via the online opening process is easy and quick. The account registration forms provide guidance for the required responses if you want approval to use your brokerage account to trade on margin or to engage in advanced options strategies. You must fund your account with a minimum of $2,000 before you can place any trades ($50,000 to avoid inactivity fees if you trade less than five times per quarter).
There are three web-based platforms available to Score Priority clients: Lite, Plus, and Pro. The Pro platform has charting and some analytical tools beyond what you will get with the other two. Once the account is set up, you log right into Score Priority Lite, but you�ll have to log in again to use the Plus or Pro platform. The entry-level Lite platform is easy to navigate, and order tickets are available from virtually any location in both Lite and Plus. The Pro platform has quite a few customizable options but the other two do not allow many user-defined changes to the initial setup.
Score Priority�s mobile app is tricky to navigate because there aren’t any buttons to tap. It’s all done via the “hamburger” menu (three parallel horizontal lines) that you tap, and then make a choice from there. There are no customization or personalization options. The mobile app and the browser-based platforms share watchlists, so if you set one up on the Plus platform, for example, it is also visible on the mobile app. You can trade all the asset classes on both the browser and the mobile app.
All of the Score Priority platforms have streaming data. As mentioned in usability, the Score Priority Lite and Plus websites are extremely limited on tools and customization options. The platforms open new tabs for most analysis tasks, many of which are provided by third parties, so your browser can get messy fast. The Pro site puts everything on one page, and you can designate tabs for the tools you like to use most often. Of course, you pay commissions for this more customizable platform. On Pro, you can customize trading defaults, such as order type and number of shares. The other browser-based platforms do not have much you can customize besides the overall color scheme (light or dark).
That said, you will find the overall layout in the Plus and Pro platforms defaulted to a standard active trader layout with the watchlists and charts on the left and your drill down information and trade ticket to the right. Score Priority Lite puts the trade ticket in the banner in the simple layout view, with the watchlists and alerts to the left. There are a few views you can toggle through, but none of these are much improvement over the simple one as they just allow for multiple charts to be displayed in columns. You need to click into a chart to bring the order banner back when in these multichart views in Lite. Most traders will likely find Lite too simple and will end up opting for Plus or Pro for their trading needs.
Mobile Trade Experience
Score Priority’s mobile trading experience is actually a bit better than the Score Priority Lite platform. The workflow is simple as you just tap on the Order choice while viewing stock information to open an order ticket. There is streaming real-time data, and a relatively comprehensive charting feature set that is more useful than what is available on the Lite platform.
Just2Trade.online Scam and Scammed FINAM
This thread is dedicated to the dishonest activities by Just2Trade.online with clone website at FINAM.EU regulated by Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2020.
Address: Just2Trade Online Ltd
Before you say, “Why use them in the first place”, I’ll just say, I don’t have an option at this current time. The amount of funds with them are 1% of my risk capital and its purely for testing purposes anyways. However, since I’ve had continual issues with them (it will blow your mind) I figured that ForexSignals traffic should be enough to get the message across.
Prior to using them, I haven’t seen any reviews on ForexPeaceArmy. Probably a huge RED FLAG right there. I did find a list of systems trading on Just2Trade at Myfxbook. (login to see the image). Mostly all clients are in Russia.
Myfxbook does have a review section for Just2Trade , but the red flag here is that all the reviews are posted by a Member with 1 post . If you are a community member of Myfxbook, you wouldn’t simply sign up , rate one broker with a positive review and never post again. I’ll post a link to the review on my next post.
How I was scammed by Just2Trade.online FiNAM.EU Round 1
They offered Indices and then they didn’t. I already had open positions and they disabled trading on all indices. When I contacted their support, I got the weirdest response ever. They said I couldn’t trade in Broken lots (to them this means they wanted to change the minimum lotsize to 0.1 instead of allowing 0.01 lotsize). I thought to myself, ” Ok this fine, I’ll begin closing down the 0.0+ lots and they will enable trading again.” At this time, I began to trade some FOREX pairs and as these positions were closed out(profits), I would slowly reduce the position sizes on my Indices to meet their new standards of the minimum lotsize of 0.1. This was a slow process for me but eventually I managed to close all the MICRO LOTS (that’s what we call 0.01 lotsize).
Once, I met their new requirement of only having positions opened with a MINI LOT (that’s what we call a 0.1 lotsize) I contacted support again to ask when Trading would be enabled again. I never got a response. Another week past, Trading was still disabled, then another week, and finally after a month I closed all the positions. As of today, indices are not active on the server that I was trading on. However, their DEMO SERVER STILL HAS INDICES AS OF TODAY. I never got a response on why they delisted all the indices, but they were happy to charge my a negative swap for the length of my patience.
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