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Just2trade vs OptionsHouse
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Just2trade vs OptionsHouse 2012: Fees and Investments
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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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- Stocks and ETFs: $3.95
- Stocks and ETFs Broker assisted: $3.95
- Two plans for options:
1. Up to five contracts for $5; each additional
contract $1
2. $8.50 + 0.15/contract (great if trading over 10 contracts)
- Two plans for spreads:
1. Up to 10 contracts for $10; each additional
contract $1
2. $12.50 + 0.15/contract
- Mutual Funds: $9.95
- Orders for U.S. treasury bonds and listed corporate bonds are accepted by phone
- Investments: stocks, options, mutual funds, bonds, ETFs
- Minimum to open Optionshouse account: $1,000 for cash account, $2,000 for margin account
- All Optionshouse fees
- Optionshouse login, Optionshouse promotional code
and Optionshouse referral code
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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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- Lowest commissions
- Free streaming quotes
- Efficient trading tools
- No account minimums. Minimum initial funding size is $1,000 for a cash account and $2,000 for a margin account
- No fee IRA accounts
- No volume requirements, maintenance and inactivity fees
- Free check-writing privileges
- Free DRIPs (complete shares only)
- No surcharges for large orders and extended hours trading
- Very low margin rates
- Free virtual trading
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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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- For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order
- Shortened extended hours trading: 8:00 am - 9:30 am and 4:00 pm - 5:00 pm EST
- International investors are not accepted
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OptionsHouse vs Just2trade: Comparison Summary
Just2Trade (Just2Trade Review)
and Optionshouse (Optionshouse Review)
offer the lowest flat-rate trading fees in the industry: $2.50 per stock/ETF trade at Just2trade and $3.95 at
Optionshouse. Both companies don't have inactivity or maintenance fees, volume or size requirements to get these
low commissions. Just2trade, however, charges $0.003 per share for after-hours trading, which makes
these trades very expensive.
Just2trade has $25 IRA setup fee and $35 annual fee for IRA accounts. OptionsHouse does not charge IRA fees
and it is one of the
Best Brokerages for IRA account.
Its customer service is much better than at Just2trade and the company does not have account
balance discrepancies that some Just2trade customers had complained about.
Optionshouse is better brokerage firm for beginner investors, offering free virtual trading, where investors could practice trading
without risking real money.
Unlike Just2trade, OptionsHouse is highly rated by all investor magazines and the firm was named Best for Options
Traders in 2009, 2010 and 2011. Of course,
the company is also an excellent choice for anyone interested in investing in stocks, mutual funds and ETFs. It is also one of our
Best Discount Brokerage Firms in 2012.
When choosing between Just2trade and OptionsHouse, we strongly recommend the latter.
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