Just2Trade vs TradeKing: Trading Fees and Investments
|
|
- Stocks and ETFs: $4.95 (for stocks/etfs priced over $1)
- Options: $4.95 plus $0.65 per contract (for up to 8 contracts) OR $8.95 plus $0.15 per contract (for over 8 contracts)
- Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
- Multiple legs will only be charged one base price of either $4.95 or $8.95, depending on how many total contracts are involved
- Mutual Funds: $9.95
- Bonds: $4.95 per bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, CDs, treasuries, ETFs
- Minimum to open TradeKing account: $0
- All TradeKing fees
- TradeKing login, TradeKing promotional code
and Tradeking referral code
|
- 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
|
|
|
- Great commissions
- No minimums, maintenance or hidden fees
- Free real time quotes
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
|
- Very low commissions
- Free real-time level 1 and 2 quotes
- Free Morningstar research
- Free dividend reinvestment including fractional shares
- Low margin rates
|
|
|
- Additional $0.01 per share on the entire order of stocks priced less than $1
- $50 annual inactivity fee if BOTH apply to an account(s):
- Combined account value of the household account(s) is less than $2,500
- No commission-charged trades have been executed in the account(s) during the last 12 months
|
- 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
|
TradeKing vs Just2Trade: Comparison Summary
Just2Trade (Just2Trade Review)
is definitely better priced online broker: $2.50 on stock and ETF trades versus
TradeKing's (TradeKing Review) $5.
TradeKing has a surcharge on penny stocks and Just2Trade charges additional commission on extended hours trading.
Both Just2Trade and TradeKing don't have maintenance fees. When it comes to IRA accounts,
Just2Trade slams customers with both setup and annual IRA fees. TradeKing does not have IRA fees and it is great company for a
No Fee IRA account.
TradeKing is one of the very Best brokers for new investors:
offering lots of learning materials, no additional charge for broker-assisted trading and great trader community where beginners could ask questions and learn from more
experienced members. For people new to investing we strongly recommend TradeKing.
TradeKing easily outclasses Just2Trade in trading tools and customer service, and we rated it as one of the
Best Brokerage Houses in 2012.
Out of these two brokerages TradeKing is a clear winner.
|
|
|
|
|
|