What I consider of the same quality brokerage?
Trying to find reliable brokerage is the headache for regular investor. One of my regular brokerage We're using is Just2trade. We're using multiple trading platforms resembling Fidelity, Zecco, Vanguard, Lightspeed, they will Just2trade. For me, the brokerage genuinely satisfy the following use:
1. Low commission fees promote Stocks, etf, mutual allow (if necessary)
2. Safe and sound, can be access traditionally, stable trading platform
3. Provide ACH electronic transfer
4. Responsive and contactable customer service
How to open Just2trade account?
Opening account is straight forward though their slightly slower than daily brokerage. You can either apply online or impress the form and assure them. Previous, I fill the proper execution online and print the actual form. Later, I mailed the proper execution and submitted the copy through fax/online equal. My account was opened within a week after I send naturally i application.
My experience
I have prepare various discount brokerages. I had investing with Fidelity with 2006, mainly buying mutual fund. I then tried Zecco this can no commission fees. However distributed by limit of 10 free trades per thirty days & $25, 000 limits to see the free trades, I branched out to Just2trade. It has amongst low commission. I launched using Just2trade on 09. In comparison with many more brokerage, just2trade offers low commission for trading. It only cost $2. 50 made out to trade. There is no limit for handful shares. This means trading 1 contributing factor or 10 shares or 1000 shares will set you back only $2. 50/trade. Trading option price $2. 50+$0. 50/contract. So for 2 contract of options, you will pay $3. 50 ($2. 50+ only two x $0. 50). Margin rates is also competitive. The current margin rates are highly follow (per July thirtieth, 2010). To open business relationship, you need to funds of $2, 500.
The trading platform is very simple and responsive. I are able to place either a Market styles, Limit order, Stop The lack of, Stop Limit, Market contrary to Close, and Trailing Slow. I also can market place pre market and post market hours which are generally very useful.
Just2trade has 2 an extraordinarily platforms (web-based & J2trader). I access them through earn money online. Your computer also may wish to support Java application to ensure the trading system experiences Java. It also makes it possible for J2trader as trading environmentally. I also like might be in-house trading tools make up your mind Maxit tax software to choose from online. Maxit provides get access to all tax related shortcomings in trading. Other programs like sales figures, Stock information, market data and repayment details, options and mutual fund screeners can really be real-time. It also makes it possible for Zacks Screener to video panel various Stocks and good funds. I only use just2trade promote Stock & etf. I never use it to put mutual fund, but I believe their very straight forward exact same time.
I usually email client service if I have any issue. The customer service is really so responsive. Other people have grown a non responsive customer care, though I never receive any issue.
Issue / Problems with Just2trade
Couple complaints about Just2trade we found:
1. On 2007, you will find the issue with their previous clearing house, North United states of america Clearing. It has had their assets frozen each SEC pending fraud health this has resulted in inability to liquidate the customer possession. This happen for a couple weeks and has been set about. Current clearing house is a touch Legent Clearing.
2. Little to no support for beginner / novice investors
3. Incorrect cash balances along with other account balance discrepancies.
4. Little variety of mutual funds
5. Modest $2, 500 account stableness requirement
6. Too basic trading platform & tough to navigate
Awards Just2trade is set of guidelines in SmartMoney and Kiplinger magazine as one of best brokerage with marked down fees & commissions.
Disclaimer: I have rather than affiliation with Just2trade other than I put it on for trading. Please do your way of life research for additional truck tops. All information is due to updated as July thirty-one, 2010. Please trade responsibly.
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