Forex Trading

Just2Trade Review A decent multi-asset broker with the widest range of assets

todaySeptember 27, 2021 8

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We consider this a rather limited variety when compared to other brokers. Just2Trade is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. As always in Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Although there are companies with lower minimum deposits, this is still a reasonable amount.

  1. Both platforms, MT4 and MT5, are available for desktop as well as mobile versions, Android and iOS, for use on smartphones and Tablets.
  2. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit.
  3. Demo trading does not grant exposure to the full range of trading psychology and can create unrealistic expectations.
  4. Still, it adds that it does not accept clients from countries or “territories where such distribution would be contrary to local law or regulation.”
  5. Just2Trade also features in-house managed investment portfolios, available from a $250 minimum investment and a minimum investment period between three to twelve months.

MetaTrader 5 is
offered with the MT5 Global account and can be used as a desktop, mobile, or
web app. Finally, for the most experienced traders there
is the MT5 Global account. This gives access to the MetaTrader 5 trading
platform, and offers spreads starting at 0 pips, along with a commission of $2
or less. They offer very low and competitive spreads and
commissions, as well as a broad array of some of the most powerful trading
platforms for active traders. In fact, very few brokers have anywhere near the
number of available trading platforms that Just2Trade offers. On the other hand, traders are charged commissions starting from 3 USD per lot.

While the desktop
CQG platform is free, there are charges for upgraded CQG access. There is also
a $3,000 account minimum for trading with this platform. Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
pips. Note that there is a commission on the ECN account, which is $3 per lot
or less. CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader.

Customer Service

It is very common for traders to open a Demo account before depositing money into a real account. It is also important to know that the Demo account retains the same live prices and market conditions, simulating the exposure in a real account. Investors on Just2Trade can put money into investment funds that are managed by other users. Clients must allocate a minimum of £100 to take advantage of this feature. There are also robo-advisor and individual investment portfolios, where traders can determine the profitability potential of each position and limit any losses on their investments. Online APIs, such as REST API, support the integration of additional features to the standard broker experience.

And while the choice of instruments is great with Just2Trade, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from. As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. However, some account types, such as the Forex ECN account, have higher minimum deposits (£200 in this case). On the other hand, there’s a 2 USD commission per traded lot per side.

Company Review

For example, MT5 is protected using data encryption, server authentication and more. Personal account security on Just2Trade is strengthened by two-factor authentication (2FA). The broker can also restrict account access if it believes security has been breached. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days. Minimum withdrawal amounts also apply to certain processing methods.

Just2Trade offers over 30,000 stock assets and
more than 90,000 option assets. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that Just2Trade is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

In comparison with its Russian competitors, Just2trade offers slightly better trading conditions, especially in terms of minimum deposit. Its minimum commercial size is also more favorable and so spread. In fact, on the website, there is access for them where they can access their private area using a username and password. The IB is a partner that attracts clients for the broker in exchange for a commission for their operations. Obviously, the particular conditions have to be dealt with by the broker directly. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads.

Unique Features

This is a professional trading account on MT4 with a $100,000 minimum deposit. Traders have access to metals, oil, index CFDs and 47 forex instruments. This is a beginner’s account that features a lower
minimum deposit amount of $100, along with no brokerage commission and
protection against negative balance. The Forex demo account at Just2Trade is meant
for beginning traders who are trying to understand how the currency market
works.

Just2Trade masterfully arrays a suite of tradable instruments, catering to an eclectic blend of trading inclinations and methodologies. In the intricate universe of finance, trust and safety remain paramount for investors.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Just2Trade ensures its traders have a robust set of tools at their disposal, with a plethora of platform options like the globally-recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These trading platforms are known for their comprehensive charting tools, user-friendly interface, and support for algorithmic and copy trading.

How do I withdraw money from Just2Trade?

Just2Trade impressively integrates a broad array of trading instruments with sophisticated platform features, catering deftly to both trading neophytes and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and its focus on enhancing the demo trading experience. Furthermore, its robust customer support and streamlined deposit and withdrawal mechanisms add credence to its reputation. Just2Trade is a competitive just2trade forex broker broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities. The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders.

MetaTrader 4 is offered with the
Standard, Forex ECN, and Forex ECN Pro accounts and can be used as a desktop,
mobile, or web app. Just2Trade offers research and education
through a partnership with Trading Central, which is fairly common for online
brokers these days. In addition, traders can also sign up for a number of email
subscriptions that deliver forex research and trading ideas from the expert
investment team at Just2Trade. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. Just2Trade offers customer service on a
24/7 basis, better than what you’ll find at most other brokers. Customer
service can be contacted via an online chat function, through email, or via
telephone.

Pros

Just2Trade has recently spruced up this demo environment with enhanced features, making virtual trading ever more aligned with real market conditions. It’s certainly among the least expensive
online brokers in terms of fees and costs for trading. And with its CySEC
regulation and inclusion in the Investor Compensation Fund, you can be pretty
sure that your funds are safe at Just2Trade. The Standard account offers forex, precious metals, and
stocks/indices/energies as CFDs. The Forex ECN account offers forex, precious
metals, and indices/energies as CFDs.

Distinctive features

The Forex ECN and MT5 Global accounts have brokerage fees of USD 3 per lot operated and USD 2 per lot operated respectively, apart from the spread. Just2trade also offers many other trading instruments on their CQG, ROX and J2XT trading platforms. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders.

Importantly, these times and minimum requirements are in line with most of the industry. MetaTrader and CQG have intuitive mobile apps that Just2Trade clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. When exploring cryptocurrency exchanges, consider platforms like OKX and read an okx review for more insights.

Written by: Lucia

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