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Just2Trade Review - Is it scam or safe?

Just2Trade Review - is just2trade.online scam or good forex broker?

RATING: 3 / 0 REVIEWS Just2Trade
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Trading Accounts

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads   
Standard $100 0.01 1:200 From 0.5 pips
ECN $10 000 0.01 1:100 From 0.0 pips + $6*

 

* Commission is calculated per standard lot round turn,

 

Just2Trade offers two basic forex trading account types – Standard and ECN, available on several trading platforms. The Standard account is commission-free, while the ECN one offers raw spreads and involves a small commission for the  ECN environment.

 

Managed account services are available with Just2Trad through MT4 Multiterminal.

 

In addition, this broker offers a Multi Market Account (ММА) - a service, providing simultaneous access to all key exchanges. Trading on NYSE & NASDAQ, for example, currently is just $1,5 per trade.

 

The Company. Security of Funds

 

Just2Trade offers trading in over 50 currency pairs, and provides access to a number of stock exchanges. It uses both MetaQuotes’ platforms – MT4 and MT5, as well as API protocol and web based platform TradeX.

 

Just2Trade is the brand name of Just2Trade Online Ltd., a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC).

 

Cyprus is one of the most popular forex broker jurisdictions in Europe. CySEC applies certain rules and requirements to Cyprus Investment Firms: they must hold at least €730 000 as a proof of financial stability (the same amount is also required from UK-based brokerages by FCA); in addition, forex brokers must keep customer funds in segregated accounts, and regularly report to CySEC.

 

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20 000, If the company is in default.

 

Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.

 

Trading Conditions

 

Minimum Initial Deposit

In order to open an account with Just2Trade, traders have to invest a minimum of $100. Such minimum initial amount is considered average. ECN accounts, however, aren’t that easily accessible – they require a deposit of at least $100 000. In comparison, leading Cypriot brokerage FXTM offers access to ECN environment with just $200.

 

Spreads & Commissions

Just2Trade provides comparatively low variable spreads, averaged around 1 pips on EUR/USD on commission-free accounts, and around 0.4 pips on ECN ones. If we add the commission applicable ($6 round trip) to ECN spreads, trading costs per lot on different account types turn out to be similar.

 

In comparison, FXTM’s average ECN spreads amount to 0.7 pips and involve a commission of $4 per lot round turn. For more information, you may look up real-time spreads of 15 leading brokers here.

 

Leverage

The maximum leverage level offered by Just2Trade is 1:200, which is average, yet most brokers offer more. Here you may check out a list of brokers, providing leverage equal to or exceeding 1:500.

 

That, however, is probably about to change, as CySEC has recently introduced some leverage rules, urging brokers to offer default leverage of 1:50, in an attempt to protect clients from the greater risk associated with using high leverage levels. 

 

Trading Platforms

 

This broker offers its clients a choice of several trading platforms: MetaTrader4 (MT4), MetaTrader 5, as well as web-based TradeX.

 

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.

 

MT4’s successor, MetaTrader 5 is lately gaining popularity among brokerages. It is no wander that Just2Trade has also adopted it, since this platform allows trading in both forex and stocks through a single account. MT5 is a perfectly equipped trader's working place that allows trading on the global financial markets and provides all the necessary tools to analyze price dynamics and use the automated trading programs (Expert Advisors).

 

TradeX Web platform that is simple and easy to use. It offers fast execution advanced technical analysis tools.

 

 

In addition, Just2Trade offers trading signals from experienced analysts.

 

Methods of Payment

 

Just2Trade offers an array of payment methods: credit/debit cards (Visa, MasterCard, Maestro), bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, UnionPay (Dinpay), iDEAL, POLi, Moneta RU, Qiwi, WebMoney, Яндекс деньги, Safety Pay, giropay, and others.

 

Conclusion

 

Just2Trade is a well-regulated broker offering trading in forex and access to a number of stock exchanges. Its offerings seem quite reasonable, except the minimum amount required for ECN access, which we find too high. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

Pros Cons
Well-regulated    High initial deposit for ECN account  
A selection of trading platforms  
ECN environment available  
Competitive spreads  
Access to many stock exchanges  

 

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Traders` reviews for Just2Trade

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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