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Compare Just2trade versus Interactive Brokers (IB)
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Just2trade vs Interactive Brokers Trading Fees and Investments Offered
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- Stocks and ETFs: $0.005 per share with $1 minimum per trade for SMART routed orders
- Options: $0.70 per contract plus exchange fees
- Mutual funds: $14.95 per transaction
- Investment products: stocks, options, ETFs, bonds, futures, currency transactions
- Minimum to open account: $10,000
- All Interactive Brokers 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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Low stock commissions for orders with fewer than 600 shares
- Professional trading platform
- Competitive margin rates
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- Very low commissions
- Low margin rates
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- $10,000 minimum to open most accounts
- $10/month minimum monthly commission requirement
- $10/month for IB market data feed (waived if trade commissions are more than $30/month)
- Fees on modified or canceled orders
- Trader Workstation is designed for professional traders, is unintuitive and difficult to learn
- Expensive to make trades with over 1,500 shares
- A lot of complains about snobby customer service (experienced it ourselves)
- $1.20 fee to modify or cancel an option order
- Merciless margin tightening and margin calls - IB doesn't care if customers get completely wiped out
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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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Interactive Brokers versus Just2trade: Comparison Summary
Just2trade
has better commissions than
Interactive Brokers
if you trade orders of over 500 shares. If you
trade orders of up to 500 shares than IB has a clear advantage. Just2Trade charges more IRA fees and suffers from
account balance calculation problems. Interactive Brokers has $10/month minimum monthly commission requirement.
Both companies are primarily suited for very active traders. If you are new to investing, you are better off
with one of the firms that are in our best for beginner investor
list. Because of the IRA and maintenance fees neither Interactive Brokers or Just2trade are well suited for
IRA brokerage account.
Between these two Interactive Brokers would be our pick. There are also other
low commission brokers
that don't charge that many fees and don't have customer service issues that plague Interactive Brokers and Just2trade.
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