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Compare Just2Trade versus TradeKing: which brokerage firm is better for me?
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Just2Trade vs TradeKing Trading Fees and Investments Offered
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- Stocks and ETFs: $4.95 (for stocks over $1)
- Options: $4.95 plus $0.65 per contract
- Mutual Funds: $14.95
- Bonds: $4.95/bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, ETFs
- Minimum to open account: $0
- All TradeKing 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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- One of the best in trading commissions
- No minimums or hidden fees
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
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- Very low commissions
- Low margin rates
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- Extra $0.01 per share on the entire order of stocks priced less than $1
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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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TradeKing vs Just2Trade: Comparison Summary
Just2trade
is definitely better priced broker: $2.50/trade against
Tradeking's $5/trade.
TradeKing has surcharge on penny stocks and Just2Trade has
surcharge on extended hours trading.
Both Just2Trade and TradeKing have no inactivity or maintenance fees. When it comes to IRA accounts,
Just2Trade slams customers with both setup and annual IRA fees. TradeKing does not have those.
TradeKing is one of the very best brokers for new investors:
it has lots of learning materials and
great trader community. For people new to investing we strongly recommend TradeKing.
TradeKing easily outclasses Just2Trade in trading tools and customer service and we rated it
Best Brokerage House
in 2009. Just2Trade also has
serious problems with calculating account balances and customer support. Out of these two brokerages TradeKing
is a clear winner.
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