Compare TD Ameritrade versus Just2Trade: online stock broker comparison
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Ameritrade vs Just2Trade Trading Fees and Investments Offered
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- Stocks and ETFs: $9.99
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Investment products: stocks, bonds, mutual funds, options, ETFs
- Minimum to open account: $1,000 equity is required to open an IRA, and $2,000 to open any non-IRA account
- All TD Ameritrade fees
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- Stocks and ETFs: $9.99 if 0-149 trades per quarter; $7.99 if 150+ trades per quarter
- Options: $9.99 plus $0.75/contract if 0-149 trades per quarter; $7.99 plus $0.75/contract if 150+ trades per quarter
- Mutual Funds: $19.99
- Futures contracts: $2.99 per contract, per side + fees
- Investment products: stocks, bonds, mutual funds, futures, options, ETFs
- Minimum to open account: $1000
- All Etrade fees
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Compare Ameritrade and Just2Trade Pros
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- No surcharges for penny stocks, large orders and after-hours trading
- Large and well known company with many branches
- No maintenance and inactivity fees
- Large selection of third-party research
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- Very low commissions
- Low margin rates
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- $9.99 commission for stocks/ETFs is high, $49 commission for mutual funds is extremely high
- Poor order execution
- The website is sometimes very slow or even down on the most crucial days
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- An additional cost of $0.003 per share is incurred to trade on the ECN during the extended-hours
sessions – from 7-9:30AM EST pre-market and 4-8PM EST after hours
- $25 IRA setup fee, $75 IRA closing fee and $35 annual fee for IRA accounts (if below $25,000 in assets)
- Cannot modify an order: must cancel an order to change it and resubmit it as a new order
- Very poor customer service (company encourages contact by email)
- Incorrect cash balances and other account balance discrepancies
- Options Exercise / Assignment fee: $20 per exercise or assignment
- Checking & VISA Debit Card fees: $100 (Gold Package); $125 (Platinum Package)
- Minimum $2,500 account balance requirement
- No support for beginner or novice investors
- Very basic trading platform
- Poor choice of mutual funds
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Ameritrade or Just2Trade Comparison Summary
Just2trade
easily beats
TD Ameritrade
when it comes to commissions: $2.50 against $10! Even though Just2Trade,
unlike Ameritrade, has extended hours surcharge and IRA fees, the difference on commissions will still
make it more attractive brokerage cost wise.
TD Ameritrade and Just2Trade have no inactivity fees and do not charge extra for large orders.
Ameritrade suffers from occasional order execution problems: orders would sometimes fail to execute.
Also, TD Ameritrade website would often become slow and unresponsive on critical, high-volume days.
Just2Trade suffers from even worse problem: there are numerous reports of account balance calculation
discrepancies. Both companies also need to improve their customer service, especially Just2Trade.
Because of all these reasons it's really hard to recommend either one of these companies. There are few great
companies in our best brokerage houses list that don't suffer from all these problems
and offer much higher level of service.
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