Comments on: Just2Trade Versus TradeKing

By: indexfundfan

indexfundfan — Tue, 27 Jan 2009 17:48:33 +0000

Don’t know about Etrade, but Just2Trade looks much better, especially now that TradeKing has raised their margin interest significantly.

Just2Trade’s margin interest rates are among the best, ranging from 1.5% to 2.75%. That’s lower than some of the online savings accounts!

If only they could include a “modify order” instead of cancelling and resubmitting again…

By: Trader Jack

Trader Jack — Tue, 27 Jan 2009 16:35:23 +0000

Just2trade kills Etrade’s commissoin and can make the difference between you staying in the game and you losing money. Etrade cannot send orders out on alll three exchanged in the sub penny area. For example I wanted to buy CTIC at $.0875 with Etrade I have to put the order in at $.09 or if the bid and ask is $.09 by .092 I have to put my order in at $.10. On 100,000 shares that is a big spread and Etrade is not worth $800’s for an order. Does TradeKing Offer that platform that is modern and quick to fill? Just to trade may have an antiquated platform but for this kind of system I will take it over paying $800 a trade. Option trading for 5 contracts you pay $2.50 vs Etrade $6.95+.75x a contract. 11.95 vs $2.50 you can see why just2trade is the better deal.

By: indexfundfan

indexfundfan — Sun, 23 Nov 2008 21:14:11 +0000

Tom,

Yes, Wells Fargo still has the 100 free trades a year. I am evaluating TradeKing and Just2Trade primarily for their very low margin interest rates.

By: Tom

Tom — Sun, 23 Nov 2008 15:36:56 +0000

Isn’t Wells Fargo still offering 100 free trades a year with their PMA?

By: Mike

Mike — Fri, 21 Nov 2008 23:44:51 +0000

“Looking beyond the fees, each broker has a severe shortcoming. For TradeKing, it is their online-ACH transfer limitation of $10,000 each day.”

I wish I was concerned about that problem.