Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Just2Trade？
Just2Trade, a trading name of Just2Trade Online Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC, No.281/15) issued on 25/09/2015. Just2Trade was founded in 2007 and has offices in the United States, Europe, Seychelles, Russia, China, Mexico, and India. Just2Trade gives traders access to trade a range of trading instruments including stocks, futures, forex, bonds, and CFDs through MT4/5 trading platforms.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Just2Trade offers several advantages, including being regulated by the Cyprus Securities and Exchange Commission (CYSEC) and providing a wide range of financial instruments for trading. They offer multiple account types with affordable minimum deposit requirements and access to popular trading platforms like MT4 and MT5. Additionally, Just2Trade provides competitive spreads and leverage options.
However, there are some concerns to be aware of. There have been reports of withdrawal issues and scams associated with the company, which raises questions about the reliability of their services.
Just2Trade Alternative Brokers
There are many alternative brokers to Just2Trade depending on the specific needs and preferences of the trader. Some popular options include:
Darwinex - offers a unique social trading experience with innovative risk management tools, making it a recommended choice for traders seeking a community-driven trading platform.
LegacyFX - provides a comprehensive range of trading instruments, educational resources, and competitive trading conditions, making it a recommended option for traders looking for a diverse trading environment.
TrioMarkets - offers a wide range of trading instruments, advanced trading technologies, and excellent customer support, making it a recommended choice for traders looking for a reliable and feature-rich brokerage.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Just2Trade Safe or Scam？
Just2Trade being regulated by the Cyprus Securities and Exchange Commission (CYSEC, License No. 281/15) is a positive indication of its commitment to comply with regulatory standards. Regulatory oversight helps ensure that brokers operate in a transparent and accountable manner, providing a certain level of investor protection.
However, it's important to note that regulatory oversight alone does not guarantee the complete safety of a broker. Traders should conduct thorough research, assess user feedback, and consider other factors such as the broker's reputation, customer support, and trading conditions before making a decision.
Market Instruments
Just2Trade provides a wide range of market instruments to cater to the diverse trading needs of its clients. Traders have access to various asset classes, including stocks, futures, forex, bonds, and CFDs (Contracts for Difference). The availability of these instruments allows traders to diversify their portfolios and take advantage of different market opportunities.
Accounts
Three types of live accounts are listed at Just2Trade. The Standard account requires a minimum deposit of $100, making it accessible to traders with varying budget sizes. The ECN account, with a minimum deposit of $200, is designed for those seeking tighter spreads and faster execution through the Electronic Communication Network (ECN) technology. Additionally, Just2Trade provides the MT5 Global account, requiring a minimum deposit of $100, which allows traders to access the popular MetaTrader5 platform with its advanced features and functionalities. These account options offer traders the flexibility to choose an account type that aligns with their trading preferences and requirements.
Furthermore, Just2Trade also provides demo accounts, allowing traders to practice and familiarize themselves with the trading platform and strategies without risking real money. The availability of multiple account types, including affordable minimum deposits and demo accounts, demonstrates Just2Trade's commitment to meeting the diverse needs of traders.
Account Opening
Opening an account with Just2Trade is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the Just2Trade account team, you can then fund your account and commence trading.
Leverage
Just2Trade offers varying leverage levels depending on the trading instrument. For forex trading, the maximum leverage provided is 1:500, allowing traders to amplify their trading positions. Cryptocurrencies have a leverage of 1:5, providing some leverage but with a more conservative approach due to the volatility of the crypto market. Precious metals, such as gold and silver, have leverage ranging from 1:10 to 1:200, giving traders flexibility in their trading strategies.
Bonds have a leverage of 1:3, offering a more controlled trading environment. For stocks, Just2Trade offers day trading leverage of 1:20, allowing traders to take advantage of short-term market opportunities. Night trading leverage for stocks is set at 1:5, reflecting the reduced liquidity during non-trading hours. Finally, CFDs have a maximum leverage of 1:10, providing traders with exposure to a diverse range of financial instruments.
The leverage options offered by Just2Trade enable traders to tailor their trading approach based on their risk tolerance and trading preferences across different asset classes. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Just2Trade offers competitive spreads and commissions across different account types and trading instruments. For Standard accounts, the minimum spread starts from 0.5 pips for forex trading, providing traders with tight spreads for major currency pairs, and there are no commissions charged. However, when trading cryptocurrencies, a one-time fee of 0.35% + 0.35% is applied for opening and closing positions. Additionally, for metals trading, triple swap rates are applied on Wednesday nights, and there are specific bilateral fees for opening positions in XAGUSD.100 and XAGUSD.5000.
On the other hand, the MT5 Global account offers even tighter spreads, starting from 0 pips for forex trading. However, a commission of $4 is charged for each lot traded on this account type, ensuring transparency in trading costs. For cryptocurrency trading on the MT5 Global account, a commission of 0.35% of the trade volume (minimum $0.01) is applied. For metals trading, a fixed commission of $2 per lot is charged.
When it comes to trading stocks, Just2Trade charges a commission of $0.006 per share (minimum $1.50 per trade), providing a cost-efficient option for stock traders. Futures trading carries a commission of $1.50 per contract ($1 for tiny contracts), while bonds trading incurs a commission of 0.128% of the trading volume (minimum $10/€10/750 rubles). For CFD trading, a commission of 0.03% per lot is applied.
Overall, Just2Trade offers a transparent fee structure, with competitive spreads for forex trading and reasonable commissions for other trading instruments. Traders can choose the account type that aligns with their trading needs and enjoy cost-effective trading conditions.
Trading Platforms
Just2Trade provides traders with a selection of popular trading platforms to suit their preferences and trading styles. The widely used MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms are available, offering advanced charting tools, a wide range of technical indicators, and automated trading capabilities through expert advisors. Traders can enjoy a user-friendly interface and robust functionality to execute trades seamlessly.
Additionally, Just2Trade offers CQG, a professional trading platform known for its powerful order routing and advanced charting features. CQG caters to more advanced traders who require sophisticated trading tools and access to real-time market data.
Lastly, Sterling Trader Pro is another platform option provided by Just2Trade, offering direct market access (DMA) and customizable trading workflows. With these platform choices, Just2Trade ensures that traders have access to a variety of trading tools and features to enhance their trading experience and meet their individual needs.
Overall, Just2Trades trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Deposits & Withdrawals
Just2Trade offers a variety of convenient and secure payment methods for both deposits and withdrawals. While specific details may not be available on their website, they do provide icons of popular payment options such as Visa Secure, MasterCard, and UnionPay. These methods suggest that traders can fund their accounts using major credit cards and potentially through UnionPay, a popular payment service in certain regions.
The availability of these payment options indicates that Just2Trade strives to offer flexibility and convenience to their clients when it comes to depositing and withdrawing funds from their trading accounts. It is recommended for traders to contact Just2Trade directly or consult their customer support for more detailed information on specific payment methods and processes.
Just2Trade minimum deposit vs other brokers
Customer Service
Just2Trade places importance on providing reliable and accessible customer support to its clients. Traders can reach out to their customer service team 24/7 for assistance and guidance. Whether it's through the telephone helpline at +357 25 030 442 or via email at 24_support@just2trade.online, clients have multiple channels to connect with the support team. The company address at 10 Chrysanthou Mylona, MAGNUM HOUSE 3030 Limassol, Cyprus is openly disclosed, which adds transparency and accessibility to their operations.
Note: These pros and cons are subjective and may vary depending on the individual's experience with Just2Trade's customer service.
User Exposure on WikiFX
On our website, you can see that some reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Conclusion
In conclusion, Just2Trade is a regulated brokerage firm offering a range of financial instruments and access to popular trading platforms. They have competitive spreads and leverage options. However, there have been reports of withdrawal issues and scams associated with the company, raising concerns about their reliability. Traders should exercise caution and thoroughly research before engaging with Just2Trade or any other brokerage.
Frequently Asked Questions (FAQs)
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