|
|
Compare Just2trade versus OptionsHouse: which brokerage house to choose?
|
|
|
- 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
|
|
|
|
- Very low commissions
- Low margin rates
|
- Lowest stock commissions in the industry
- 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 and inactivity fees
- Free check-writing privileges
- No surcharges for large orders, penny stocks and extended hours trading
- Very low margin rates
|
|
|
- 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
|
- Might not be the best for beginner investors
|
Just2trade or OptionsHouse Comparison Summary
Just2trade
and Optionshouse
have the lowest flat-rate trading fees in the industry: $2.50 per stock/ETF trade at Just2trade and $2.99 at
Optionshouse. Both companies have no 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 orders very expensive.
Just2trade has $25 IRA setup fee and $35 annual fee for IRA accounts. OptionsHouse does not charge these fees
and it is one of the
Best Brokerages for IRA account.
Firm's customer service is much better than at Just2trade and the company does not have account
balance discrepancies that some Just2trade customers complain about.
Unlike Just2trade, OptionsHouse is highly rated by all investor magazines and the firm was named Best for Options
Traders in 2009 and 2010. It is also one of our
Recommended Brokerage Firms 2010.
When choosing between Just2trade and OptionsHouse, we strongly recommend the latter.
|
|
|
|
|
|
|