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Compare Just2Trade versus Etrade: brokerages advantages and disadvantages (2010)
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Just2Trade vs Etrade Trading Fees and Investments Offered
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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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- Stocks and ETFs: $2.50 (with surcharge for extended hours trading)
- Options: $2.50 plus $0.50 per contract
- Mutual funds: $2.50
- Investment products: stocks, options, mutual funds, bonds and fixed income securities, ETFs
- Minimum to open account: $2,500
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- Very good trading tools
- No IRA account fees, no minimums with electronic statements and confirms
- Minimum to open: $1,000 for cash account, $2,000 for margin account
- Banking products: checking, savings, money market accounts, CDs and credit cards
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- Very low commissions
- Low margin rates
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- High commissions
- Extra $0.015 per share will apply to that portion of the order that exceeds 2,000 shares
- $40 Account Service Fee might be charged each quarter in some instances
- Very high margin rates
- IRA premature distributions: $25
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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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Etrade vs Just2Trade Comparison Summary
Just2trade
easily beats Etrade
in trading costs: $2.50 per trade against TradeKing's $12.99 per trade.
Etrade also charges $0.015 per share for that portion of the order that exceeds 2,000 shares and Just2Trade
has $0.003 per share surcharge on extended hours trading.
Etrade comes ahead in trading tools, banking services and customer service. But it also charges $40 Account
Service Fee. Just2Trade has no inactivity or maintenance fees.
When comparing IRA accounts, both companies fall short: Just2Trade has IRA setup and annual fee, and Etrade
has Account Service Fee.
It's hard to recommend either of these companies. Etrade has high commissions and fees. Just2Trade suffers from
account balance calculation issues and very poor customer service.
There are other
highly rated online brokerage firms
with low commissions and excellent customer service, like
TradeKing and
OptionsHouse.
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