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Just2Trade is a Cypriot broker that you can work with on the world markets.
history of the company
Just2Trade Online Ltd is a Cyprus-registered company that was acquired by the Russian holding FINAM in 2015. In Russia Just2Trade provides services on behalf of the FINAM brand.
Initially, the Just2Trade brand, along with LowTraders, belonged to the Internet broker Success Trade Securities, headquartered in Washington. And then both companies were bought out by WhoTrades, Inc., part of the FINAM group of companies. The deal strengthened FINAM's position in the investment services segment in the US market.
Fund security
Today Just2Trade has changed its registration address to a European one and belongs to Just2Trade Online Ltd, which is licensed by the Cyprus Securities and Exchange Commission No.281 / 15 dated 25/09/2015.
Cyprus has long been known as a financial center with a convenient taxation system, therefore it is popular with brokers. However, getting a CySEC license is not easy. Companies must have at least € 730,000 in their accounts, must regularly report on financial transactions, keep customers' money in segregated accounts, and be prepared for sudden checks. Moreover, due to the fact that every broker licensed by CySEC is required to join the Investor Compensation Fund, every trader who invested money can expect to receive payments in the event of a broker's bankruptcy.
Just2Trade has over 400,000 client accounts around the world.
Trading conditions
Just2Trade provides clients with a full range of services for working in the international financial markets, including trading in currencies, stocks, cryptocurrency, futures, options, CFDs.
The company has three accounts: demo, Forex, World.
To work on Forex, the broker provides two main accounts: Standard and ECN.
Minimum initial deposit
The minimum deposit is $ 100 for standard Forex accounts, $ 200 for ECN Forex accounts.
Spreads and commissions
Just2Trade provides comparatively low variable spreads, averaging about 1 pip in EUR / USD on no commission accounts and about 0.4 pips on ECN. If we add a commission ($ 6 for both sides) to the ECN spreads, then the trading costs per lot for different account types will be the same.
Leverage
The maximum leverage is up to 1: 500. Please note that the broker charges an additional commission for borrowed funds when trading some assets.
Trading platforms
Several trading platforms are available for trading: MetaTrader4, MetaTrader5, TradeX Lite, Transaq MMA, J2T Europe, CQG, ROX.
Through the world famous MT4 terminal, a trader can use more than 50 built-in indicators, charts, advisors and create their own experts. The next version of the MT5 platform is rapidly gaining popularity among traders. In addition, the creators of both MetaQuotes platforms have announced that they will no longer release updates for MT4. All of this is done to ensure that MT5 replaces its predecessor. And this platform has every chance to do it! The terminal has more advanced functions and trading capabilities.
Transaq MMA is a terminal for professional trading in international financial markets. Available for MMF accounts.
TradeX Lite offers modern technical analysis tools.
Analytics and news
The broker has a section "Analytics", which offers the latest news, economic calendar, subscription to analytical reviews.
Significant services
A single MMA trading account gives you access to the exchanges in the US, Europe and Asia from a single account. Such an account can be opened in rubles.
Just2Trade is a trustee in the North American and European equity markets.
Robo-advisor is an automated investment advisor that provides financial advice with minimal human intervention.
Support service
Support works by phone and mail, you can also leave a voice request. Oddly enough, but such an advanced broker does not offer instant messengers or online chat for communication.
Ways of payment
The broker offers a variety of payment options. You can get acquainted with all the methods and commission by the link. Please note that payment methods vary by account type.
Criticism of traders
On the net, traders most often complain about the weak customer focus on the part of Just2Trade. The support service does not seek to solve the trader's problem, the company dictates its rules to clients and leaves no opportunity to challenge them.
Pros:
MMA account; selection of trading platforms; a large selection of assets for trading.
Minuses:
high spreads on ECN accounts; support complaints.
JUST2TRADE is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
JUST2TRADE profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. JUST2TRADE received a score of 1 of 5 on our resource.