Introduction
Just2Trade is a brokerage firm that has been providing services to investors since 2007. It offers a variety of investment options that include stocks, options, futures, and mutual funds. Despite its attractive low-cost trading model, there have been a number of concerns and criticisms raised about the company, which makes it essential to carefully review this broker before deciding to use its services.
Overview of Just2Trade
Just2Trade is a discount broker that promises low-cost trades and a simple trading platform. It is a part of the WhoTrades, Inc. network, which is a global network of financial services companies. The company is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
Trading Platform
Just2Trade offers two main trading platforms: Just2Trade Online and Just2Trade Pro. The former is a basic web-based platform suitable for casual investors, while the latter is a more advanced platform designed for active traders. Both platforms provide access to real-time quotes, charting tools, and news feeds.
Investment Options
Just2Trade provides a wide range of investment options that include stocks, options, futures, mutual funds, and ETFs. This makes it a suitable choice for investors who want to diversify their investment portfolio.
Concerns About Just2Trade
Despite its attractive features, there have been several concerns raised about Just2Trade. These concerns primarily revolve around customer service, account security, and the company’s financial stability.
Customer Service
One of the main criticisms of Just2Trade is its poor customer service. Many users have reported difficulties in contacting the company’s customer service representatives, with some stating that they had to wait for several days to get a response. This can be a major issue, especially when dealing with time-sensitive matters like account issues or trade disputes.
Account Security
Another concern about Just2Trade is the security of user accounts. There have been several reports of unauthorized transactions and account breaches. While the company has stated that it has taken steps to improve account security, these reports are still a cause for concern.
Financial Stability
Just2Trade’s financial stability has also been questioned. In 2015, the company was fined by FINRA for net capital deficiencies and for failing to maintain accurate books and records. While the company has since rectified these issues, it does raise concerns about its financial management and stability.
Conclusion
Just2Trade offers a low-cost trading model and a variety of investment options, making it an attractive option for budget-conscious investors. However, concerns about customer service, account security, and financial stability make it essential for potential users to carefully consider these issues before deciding to use this broker. As with any financial service, it is important to do thorough research and consider all aspects before making a decision.
I am extremely disappointed with the lack of professionalism and communication from Just2Trade.
I have heard some concerning reviews about Just2Trade and their reliability as a broker. Some users have reported issues with executing trades accurately and difficulty in reaching customer support. Additionally, there have been some complaints about delayed withdrawals and high fees. It may be best to exercise caution and further research before choosing to use Just2Trade as a trading platform.
I found the services offered by Just2Trade to be average with nothing particularly outstanding or disappointing.