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FAQ

DTC Chills & Global Lock List

  • Accounts — Account Types

    What type of account may I open?

    Just2Trade offers an assortment of investment accounts to aid in your unique financial goals. You may open the following accounts:

    • Individual
    • Joint with Rights of Survivorship
    • Joint with Tenants in Common
    • Custodial
    • Traditional IRA
    • Roth IRA
    • Rollover
    • SEP IRA
    • Corporate
    • Limited Liability
    • Partnership
    • Sole Proprietorship
    • Trust
  • What is an Individual Account?

    An individual account is a standard investment account with only one owner. Upon death of the account holder, the account assets are passed through the account holder's estate.
  • What is a Joint Tenants with Rights of Survivorship (JTWROS) Account?

    A standard account shared by two or more individuals, each account holder owns an undivided interest in the account. Upon the death of one account holder, the account ownership is passed on to the surviving account holder(s).
  • What is a Joint Tenants in Common (JTIC) Account?

    A standard account shared by two or more individuals, with each account holder owning a specified percentage of the total assets. Upon the death of one account holder, the specified percentage of the total account ownership is passed through the decedent’s estate.
  • What is a Custodial Account?

    A custodial account is managed by a custodian for the benefit of a minor. All deposits into the account are irrevocable gifts. The minor does not own the cash or securities until he or she meets the age of majority for the state in which the account is set up. The minor is responsible for paying the taxes on the account. A custodial account may be the Uniform Gift to Minors Act (UGMA) and Uniform to Transfer to Minors Act (UTMA). UGMA accounts are offered in South Carolina and Vermont. All other states and the District of Columbia offer UTMA accounts.
  • What is a Traditional IRA Account?

    A traditional IRA is a retirement savings account that may be established by any domestic individual who pays income tax. Contributions to the IRA account may be tax-deductible, and withdrawals are taxed. Distributions may be taken without penalty once the account holder reaches the age of 59 ½, and required distributions must begin by April 1st of the year following the year in which the account holder turns 70 ½ years of age. If money is withdrawn from the account prior to the age of 59 ½, a penalty fee will be assessed.
    Annual deposits of up to $5,500 may be contributed to the IRA. Individuals over the age of 50 are allowed to contribute an additional $1,000 annually.
    If the individual has a spouse who does not earn any income, an additional $5,500 may be placed into a separate account on behalf of the spouse.
    For more information, please click here.
  • What is a Roth IRA Account?

    Roth IRA is a retirement savings account that may be established by any domestic individual who pays income tax and has a modified adjusted gross income that is below a certain amount established by the IRS.
    Contributions to the Roth IRA account are taxed, and withdrawals are tax-free if they are considered a qualified distribution.
    A withdrawal is considered a qualified distribution if the Roth IRA has been in existence for 5 years, and one of the following has occurred: 1. The account owner turns 59 1/2 years old. 2. The withdrawal of up to $10,000 is used for the first-time purchase of a home. 3. The account owner is disabled. 4. The account owner is deceased.
    Annual deposits of up to $5,500 may be contributed to the IRA. Individuals over the age of 50 are allowed to contribute an additional $1,000 annually.
    For more information, please click here.
  • What is a Rollover?

    A rollover IRA permits the account owner to deposit the payment from one retirement plan into another retirement plan within a 60 day period.
  • What is a SEP IRA Account?

    A SEP IRA is a retirement plan for self-employed individuals and small companies. Employees must be 21 or older and must have earned as least $550 during the year, as well as worked 3 out of the last 5 years. For more information, please click here.
  • What is a Corporate Account?

    An account opened in the name of an incorporated business; a corporate account is managed by its officers or authorized traders.
  • What is a Limited Liability Company?

    A Limited Liability Company account is organized under applicable state laws and managed by the officers or authorized traders of the company.
  • What is a Partnership?

    A partnership is established by two or more persons who join to carry on a business and partake in its profits and liabilities. A Tax Identification number must be used in order to open a partnership account.
  • ​What is a Sole Proprietorship?

    A sole proprietorship account is a business account for an individual doing business in his or her name. The owner and owner's company are considered a single entity for tax and liability purposes.
  • What is a Trust Account?

    Trust accounts are registered in the name of a trust managed by its trustees for the benefit of the account owner or other named beneficiaries.
  • How do I apply for an account?

    Apply for an account through our online account application by clicking on the yellow "Apply Now" button.
  • Accounts — Account Requirements

    What are the requirements to begin trading in my account?

    Depending on the type of account you choose, different requirements apply. Please refer to the questions below for further information.
  • What is the Per-Share Plan?

    The Per-Share Plan is designed for high volume traders. The more you trade, the lower your commission rate will be. For more information, please click here & go to Per Share Plan section.
  • What is the minimum balance required to begin trading under the Per-Trade Plan?

    The minimum balance required to begin trading is $2,500.
  • What is the monthly fee for the Per-Trade Plan?

    There is no monthly fee for the Per-Trade Plan.
  • What happens if my account drops below $2,500 in the Per-Trade Plan?

    If your account is $2,500 or more, commissions will be charged at a rate of $2.50 per trade. If your account drops to between $2,000-$2,499, commissions will be charged at a rate of $4.00 per trade. If your account drops below $2,000, you will be unable to open new positions.
    Please refer to the commission structure below:
    $2,500 or more $2.50 per trade
    $2,000 - $2,499 $4.00 per trade
    Under $2,000 Trading capabilities ceases until equity is raised.
  • What is the minimum balance required to begin trading under the Per-share Plan?

    The minimum balance required to begin trading is $25,000.
  • What is the monthly fee for the Per-Share Plan?

    The monthly minimum fee is $333. If the total commissions charged on your account during the month are less than the minimum monthly fee, the difference will be debited to your account.
  • What kind of account must I have to engage in the Per-Share Plan?

    You must have a Margin Account in order to engage in the Per-Share Plan.
  • What is the minimum balance required to open an Options Account?

    The minimum account value varies depending on your option level.
  • What is the minimum balance required to open a Margin Account?

    The minimum account balance is $2,500.
  • What are the available Option Levels at Just2Trade?

    Level 1 Covered Call Writing
    Level 2 Covered Call Writing, Buying Puts & Calls
    Level 3 Covered Call Writing, Buying Puts & Calls
    Level 4 Covered Call Writing , Buying Puts & Calls , Writing Equity Puts
    Level 5 Covered Call Writing, Buying Puts & Calls , Writing Equity Puts , Writing Uncovered Equity Calls
  • What is the commission for Option Trading?

    $2.50 per trade plus $0.50 per option contract.
  • What is the minimum balance required to open a Futures Account?

    The minimum account balance is $2,500.
  • What is the minimum balance required to keep my Futures Account opened?

    The minimum amount needed to keep your Futures Account opened is: $100.
  • What is the margin requirement for Futures Accounts?

    A certain margin requirement must be maintained at all times. If you fail to meet the margin requirement after receiving a margin call, your account will be locked for trading until the margin call has been satisfied.
  • What is the commission for Futures Accounts?

    $2.50 per side, per contract.
  • What are the requirements for trading OTC Stocks?

    Trading OTCBB and Pink Sheet stocks must close at $0.05 or higher. Incoming account transfers containing OTC Stocks are not permitted.
  • Do you have any educational information on how to use Just2Trade?

    Please take advantage of the following:
  • What is the Per-Trade Plan?

    The Per-Trade Plan is our basic pricing plan. Each commission costs $2.50 per trade, plus an additional $0.50 per option contract. For more details, please click here.
  • Accounts — New Accounts

    How long does it take to open an account?

    Please allow 1-2 business days upon receipt of your application. An email notification regarding your account approval status will be sent to you.
  • Who can open an account?

    U.S. Citizens, U.S. Residents and Foreign Citizens are welcome to open a Just2Trade account. You must be at least 18 years of age to open an account.
  • I live outside of the United States. Can I open an account with you?

    Citizens who reside outside of the United States are welcome to apply. To begin your application, please click here.
    Due to changes to investment regulations in non U.S. Jurisdictions, citizens of certain countries may not be able to open accounts. Certain foreign accounts may also be limited to certain offerings (i.e. no margin.) For more information, please contact: newaccounts@just2trade.com.
    We are prohibited from opening accounts for residents of the following countries:
    • Afghanistan
    • Bosnia & Herzegovina
    • Central African Republic
    • Cuba
    • Democratic Republic of the Congo (formerly Zaire)
    • Guyana
    • Iran
    • Iraq
    • Laos
    • Libya
    • North Korea
    • Somalia
    • Syria
    • Uganda
    • Vanuatu
    • Yemen
  • What is an Accredited Investor?

    An accredited investor has to qualify under at least one of the following:
    • As an individual, have an annual income and net worth of $200,000.
    • With a spouse, have an annual income and net worth of $300,000 in each of the two most recent years, with an expectation of reaching the same income level in the current year.
    • Either individual or jointly with a spouse, have a net worth of $1 million, excluding the positive equity in such person's primary residence
    • Be a general partner, executive office, director, or a related combination thereof for the issuer of a security being offered.
  • What is a Wholesale Investor?

    Citizens of New Zealand and Australia may only open Just2Trade USA accounts as wholesale investors. A person will be considered to be a wholesale investor under the following conditions.
    Investor who meets the net assets/income or the price/value test
    • A person or entity that has obtained an accountant's certificate within the preceding six months stating that the client has net assets of at least $2.5 million or has a gross income for each of the last two financial years of at least $250,000.
    • A person or entity who invests where the entry price of the product is at least $500,0000

    Professional investor
    • A financial services licensee
    • A body registered under the financial corporation act 1974
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