Just2Trade vs Etrade 2012: Commissions, Fees and Investments
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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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- 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 Just2trade account: $2,500
- All Just2trade fees
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Compare Etrade vs Just2Trade: Pros
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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
- No surcharges on large orders, penny stocks and extended hours trading
- Great research amenities
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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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Compare Etrade vs Just2Trade: Cons
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- High commissions on all investment products
- High margin rates
- Customer service complaints
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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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Etrade versus Just2Trade: Comparison Summary
Just2Trade (Just2Trade Review)
easily beats Etrade (Etrade Review)
when comparing trading costs on stocks and ETFs: $2.50 per trade versus Etrade's $9.99 per trade. Just2Trade, however, has a
$0.003 per share surcharge on extended hours trading. There are no surcharges on stocks under $1 and large orders at either
company as well as no inactivity or maintenance fees.
Etrade is much better than Just2Trade in trading tools, banking services, selection of invetsment products and customer service.
When comparing IRA accounts, Etrade is again a winner: Just2Trade charges IRA setup and annual IRA fee. Etrade did not, however, made it into our
Best IRA Companies list.
Just2Trade would only work well for very active, experienced investors who trade a lot. The firm actually requires customers to
have 2 years of trading experience before opening an account. Etrade would be our suggestion for an IRA account and
for "buy-and-hold" investors.
There are also other highly rated brokerage firms to consider, with low commissions and excellent customer service, like
TradeKing (TradeKing Review) and
OptionsHouse (OptionsHouse reviews).
For more details, take a look at our Best Brokerages article.
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