Just2Trade

Introduction to Just2Trade

Just2Trade is a brokerage firm that offers a wide range of financial services to clients worldwide. With its headquarters in Cyprus, the company operates in multiple countries and provides access to global markets. It offers an array of trading instruments, including stocks, futures, options, mutual funds, and ETFs, among others. However, despite the wide range of services, there are several concerns and issues that potential clients should be aware of before choosing Just2Trade as their broker.

Trading Platforms and Tools

Just2Trade offers two main trading platforms – MetaTrader 5 and CQG. MetaTrader 5 is a popular platform known for its advanced trading features, while CQG is a high-performance trading platform designed for futures trading. The availability of these platforms offers flexibility to traders based on their trading needs.

MetaTrader 5

MetaTrader 5 is widely used by traders globally due to its comprehensive trading tools, real-time data, and advanced charting capabilities. It also offers automated trading through the use of Expert Advisors (EAs).

CQG

CQG is renowned for its speed and reliability, making it a suitable choice for futures trading. It provides real-time data, advanced analytics, and integrated news and research.

Account Types and Fees

Just2Trade offers different types of accounts, including Individual, Joint, and Corporate accounts. The minimum deposit required to open an account is $2,500. However, Just2Trade has been criticized for its complex fee structure. The broker charges fees for services like wire transfers, account transfers, and even inactivity. These fees can add up quickly and eat into a trader’s profits.

Customer Service

Customer service is a crucial aspect of any brokerage firm. Unfortunately, Just2Trade has received numerous complaints about its customer service. Clients have reported long wait times, unresponsive customer service representatives, and unresolved issues. This lack of reliable customer service can be a significant drawback for traders, especially in situations where they need immediate assistance.

Regulation and Security

Just2Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC). While this provides some level of security, it’s worth noting that CySEC is not as highly regarded as regulatory bodies like the Financial Conduct Authority (FCA) or the US Securities and Exchange Commission (SEC). Furthermore, there have been reports of security concerns, including unauthorized transactions and account breaches.

Conclusion

While Just2Trade offers a comprehensive range of trading instruments and platforms, potential clients should be aware of the broker’s complex fee structure, reported customer service issues, and potential security concerns. It’s essential to carefully consider these factors and conduct thorough research before choosing a broker. As with any financial decision, it’s crucial to ensure that the brokerage firm you choose aligns with your trading needs and goals.