Just2Trade Review

Just2trade.online briefly

Websites just2trade.online, finam.eu and finam.com.cy are owned by Just2Trade Online Ltd. It is an international investment company, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). It claims to provide direct access to major world stock markets with instant execution and maximum liquidity due to its modern 100G network across Europe, America, and Asia. Just2Trade has delivered investments and brokerage services since 2007 and currently has over 150,000 customers from 130 countries. Clients can trade currency pairs, futures on indices and commodities, metals, shares, bonds, and options through a set of platforms such as MT4, MT5, etc. You can open a live account with as low as USD200.

Regulation

It is important to know if and where the company is regulated. Just2Trade operates in full compliance with the European Securities and Markets Authority (ESMA) and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 281/15. Additionally, Just2Trade is a member of the Investor Compensation Fund.

Account Types

There are four types of live trading accounts available and you can open a demo account for each type. The demo account offers access to all the same features as the real one but is funded with virtual money.

MT5 Global account – you have access from the Multi Market Account to the US, European and Asian markets. Here you can trade forex, metals, shares, futures bonds and CFDs, in other words, all available instruments, through the MetaTrader 5 (MT5) platform. The minimum deposit amount is USD100.

US Stocks and Options account – Here you have access to 7,000 securities on the US stock and option exchanges, as well as direct access to New York Stock Exchange (NYSE), NASDAQ, major stock exchanges of Canada, Mexico, and Europe. You can trade through the full version of ROX Premium platform. The minimum deposit amount is USD3,000. There are commissions that are reduced by increasing the trading volume per month. There is a platform fee that depends on the exchange data subscribed and starts from USD39 per month.

Global Futures Account – You can trade more than 9,000 instruments on NYSE through the MT5 platform or through the multifunctional platform CQG, which is a highly professional trading terminal. There is a fee of USD1.50 per contract per side for all contracts.

Forex Account – You can trade currency pairs, precious metals, indices, commodities and CFDs. There are two sub accounts in Forex: Forex and CFDs Standard, which requires USD100 to open and the instruments has spreads starting from 0.5 pips without commission; Forex ECN account, which requires USD200 to open and the instruments spread is close to zero at the expense of a commission of USD3 per lot.

Keep in mind that all profits and losses here are real.

What Type of Broker the Company Is

The Brokerage Regulations document shows that the client appoints the company as its agent to act on behalf of the client. The company may route clients’ orders for execution to third parties some of which may be affiliated entities when the company is acting as a riskless principal. This means that it uses the Straight Through Processing (STP) model to execute client’s orders and there is no conflict of interest as there is if the company is a market maker.  Just2Trade provides a list of financial institutions, which act as execution venues.

The same document explains that under certain trading conditions, it may be impossible to execute orders (including stop loss orders) at the requested price. In this case, the company executes the order at the first available market price. This may occur at times of rapid price fluctuations. This means that stop loss orders are not guaranteed and will be filled at the first available market price.

All types of orders are subject to slippage and the company informs it is a normal phenomenon during the period of low liquidity or high volatility. The orders will be filled at the next available market price.

In addition, all the retail clients who have accounts different from ECN are covered by Negative Balance Protection. This means that Just2Trade ensures that losses will never exceed the client account balance.

Fees

There are a lot of additional fees especially when you trade stocks with some of the professional platforms and the company describes them in a separate section of the webpage, so before start trading be informed about them.

Deposits and Withdrawals

Customers can use several deposit methods such as wire transfer, credit/debit cards, and plenty of electronic payments such as PSB, Skrill, giropay, iDeal, Dankort, etc. There are commissions on some of them such as WebMoney (1.4%) and Yandex.Money (8%). Almost all withdrawal methods are charged with commission such as Neteller (2%), AstroPay (2.8%), Skrill (1%), credit cards (2.5%), etc.

Trading Platforms

You can trade via the popular trading platform – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is a perfect terminal for the active trader. You can use 21 timeframes and an advanced set of tools such as indicators and graphical objects. The platform shows the market depth (Level II quotes) and provides the new generation of programming language for expert advisors and technical indicators (MQL5).The terminal is available as a desktop version, as a web-based version, and as mobile app for iOS and Android devices.

There are some other professional platforms available intended for stocks trading such as CQG and ROX, but they involve additional fees.

Assets

Forex – More than 70 popular major, minor, and exotic currency pairs can be traded. The typical spread for the EUR/USD pair is above 1 pip

Indices – You can trade 19 of the most popular major and minor indices globally, such as DJIA, US500, FTSE100, CAC40 etc. The typical spread for DAX30 is 10 points.

Commodities – 11 of the most traded commodities are available such as gold, silver, oil, platinum, etc. The typical spread for the Gold is USD0.40.

Shares – Just2Trade offers more than 50 CFD trading of major companies such as Apple, eBay, Google, etc. through the MT5 forex account. Additionally, there are more than 9,000 stocks available through the MT5 global account and the professional platform for stock trading ROX.

Cryptocurrencies – 8 of most traded cryptocurrencies. The average spread for Bitcoin is about USD10.

Summary

Just2Trade has a CySEC regulation, which allows it to provide financial services across European Union. It uses the STP model to execute orders. The company provides a wide range of trading instruments via the most popular trading terminals MT4 and MT5. Additionally, there are some professional trading terminals dedicated to stock trading. There are several types of live accounts and the minimum deposit amount is USD100. Keep in mind the fees if you will trade stocks and use non-MT4 and MT5 terminals. There are also fees for withdrawals.