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Just2Trade vs TD Ameritrade
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TD Ameritrade vs Just2Trade: Trading Fees and Investments
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- Stocks and ETFs: $9.99
- Stocks and ETFs broker assisted: $49.99
- Stocks and ETFs Interactive Voice Response (IVR) Telephone System: $34.99
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Treasuries at auction: $25 flat fee
- All other bonds and CMOs, CDs: on a net yield basis
- Futures: $3.50 per contract (inclusive of exchange fees)
- Investment products: stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
- Minimum to open TD Ameritrade account: $0 for cash account, $2,000 for margin account
- All TD Ameritrade fees
- Ameritrade login, TD Ameritrade promotional code
and Ameritrade referral code
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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 Etrade account: $2,000 for margin account. For securities accounts (except retirement accounts), an account minimum deposit of
either at least $500 in cash or a deposit of securities is required within 60 days of account opening for the account to remain active. There is no initial minimum deposit requirement for retirement, custodial, or employee stock plan accounts. Accounts not meeting the minimum deposit requirement will be closed after 60 days.
- All Etrade fees
- Etrade login
and Etrade referral code
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TD Ameritrade vs Just2Trade: Pros
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- No surcharges on penny stocks, large orders and after-hours trading
- Large and well known company with many local branches
- Very good trading platform
- Free IRA accounts
- No maintenance and inactivity fees
- Free streaming quotes
- Large selection of independent, third-party research (S&P, Morningstar Associates, and ResearchTeamTM)
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- Very low commissions
- Free real-time level 1 and 2 quotes
- Free Morningstar research
- Free dividend reinvestment including fractional shares
- Low margin rates
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TD Ameritrade vs Just2Trade: Cons
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- $9.99 commission for stocks/ETFs and $49 commission for mutual funds are high
- Occasional poor order execution
- The website is sometimes very slow or even down on the high volume days
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- Wrong cash balances and other account balance discrepancies (!)
- An additional $0.003 per share 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)
- For customer service company encourages contact by email
- Options Exercise / Assignment fee: $20 per exercise or assignment
- Checking & VISA Debit Card fees: $50 (Gold Package); $75 (Platinum Package)
- Minimum $2,500 account balance requirement
- No support for beginner or novice investors
- Poor choice of mutual funds
- Open orders are getting randomly canceled
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TD Ameritrade vs Just2Trade: Comparison Summary
Just2Trade (Just2Trade Review)
easily beats
TD Ameritrade (Ameritrade Review)
when it comes to commissions: $2.50 versus $10 per trade on stocks and ETFs! Even though Just2Trade
has extended hours surcharge and IRA fees, the difference on commissions will still
make it a more attractive brokerage house costs-wise.
TD Ameritrade and Just2Trade don't have inactivity fees and do not charge additional commission on large orders and penny stocks.
TD Ameritrade suffers from occasional execution problems: orders would sometimes fail to execute even when the price passes your
limit price. It's especially true during extended hours trading.
Also, TD Ameritrade website would often become slow and unresponsive on critical, high-volume days.
Just2Trade suffered from even worse problem: there are numerous reports of account balance calculation
discrepancies. The company claims that it had been fixed. Because of multiple IRA fees, Just2Trade would not work for people
looking for Free IRA Account.
Both companies need to improve their customer service, especially Just2Trade. Neither one of these firms is a good
Broker for New Investors:
they don't offer investor community as well as free paper trading ability which lets customers test and improve their investing
strategies without putting real money at risk.
We recommend TD Ameritrade for IRA accounts and "buy-and-hold" investors. Just2Trade has too many problems.
There are also great
companies in Best Brokerage Houses list, that don't have all above mentioned problems
and offer much higher level of customer service.
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