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FAQ

DTC Chills & Global Lock List

  • Order Types & Securities — Order Types & Securities

    What is a Market Order?

    An order to buy or sell a stock at the next available price, effective for same day orders.
  • What is a Limit Order?

    An order to buy or sell a security at a specified price or better. A buy limit order is executed at the limit price or lower, and a sell limit order is executed at the limit price or higher.
  • What is a Stop Order?

    An order to buy or sell a security when a specified price is reached. Once the specified price is reached, the order becomes a market order. A buy-stop order is entered at a stop price above the current market price. A sell-stop order is placed below the current market price.
  • What is a Stop-Limit Order?

    A combination of a stop order and limit order. Once the specified stop price is reached, the order becomes a limit order to buy or to sell at the specified limit price or better.
  • What is a GTC (Good Till Cancelled) Order?

    An instruction to buy or sell a security that remains in force until the order executes, expires at a specified time, or cancels.
  • May I trade during extended hours?

    Trading during extended hours is subject to a commission surcharge of $0.003 per share. This fee applies to orders executed on the Electronic Communication Network (ECN). Extended pre-market trading is between 7:05 a.m. - 9:30 a.m., EST. Extended after-hours trading is between 4:00 p.m. - 8:00 p.m. EST.
  • How do I cancel an existing order?

    Locate the ‘Orders’ widget on the Just2Trade + trading platform. You will see a cancel button next to each open order. Press the cancel button to submit a request to cancel your order.
  • Can I modify an open order?

    Open equity orders may only be changed between 9:30 a.m. and 3:30 p.m. (Eastern Time) during normal market hours. Outside these times, you must cancel your order and enter a new order. From the Just2Trade + trading platform, locate the ‘Orders’ widget. In order to modify the order, click on the “Replace” button, located in the “Replace” column. Please note that all order change requests are subject to prior fills, including fills not yet displaying on the system. New quantity represents the total number of shares including shares already filled by the order being changed.
  • How long do GTC orders stay open?

    GTC (Good until Cancelled) orders remain active for 90 days or until cancelled or executed. GTC orders cannot be cancelled after hours; GTC orders may only be cancelled during market hours.
  • Is there an additional charge to Cancel an order?

    No, there is no charge to cancel an order. Please note, however, if the order has already been filled, even partially, then the order will be charged a commission for the portion that was filled.
  • Is there an additional charge to cancel and replace an order/replace an existing order with a new order?

    There is no charge to cancel and replace an order. Please note, however, if the old order has already been filled, even partially, then that filled order will be charged a commission. Please also note that if the new order replacing the cancelled order is filled, then the new replacement order will also be charged a new commission once it begins to be filled.
  • What kind of products does Just2Trade offer?

    At Just2Trade, you may trade in Stocks, ETFs, Options, Mutual Funds, Futures and OTC (Over the Counter Stocks).
  • Do you accept orders in ETFs?

    Yes. Clients can place trades in ETFs trading on US exchanges.
  • Do you offer margin for ETFs?

    Margin requirements for non-leveraged ETFs are the same as those for regular stocks. Leveraged ETFs are held at a 100% requirement.
  • Can I trade foreign stocks?

    If the foreign issue settles in and is listed over-the-counter in the U.S., you will be able to trade the security through our systems.
  • Can I trade preferred stock and class shares? How do I enter orders for preferred stocks? Class shares?

    You can trade both preferred stock and class shares. Preferred share issues are denoted by a trailing .PR indicator, with or without an additional letter indicating a further specification of the shares. For example, the following symbols denote preferred shares: AF.PR DXG.PRA Class shares are indicated by a period before the class specifier. For example, to get a quote for Berkshire Hathaway Class B shares, enter BRKpB.
  • Order Types & Securities — Options

    What is the charge to trade options?

    The online cost to trade options is $2.50 plus $0.50 per contract.
  • Do I need to update my account in order to trade options?

    Yes, you will need to update your account with an Options Agreement. Please fax this form to 202-466-6895 or scan and email it to newaccounts@just2trade.com.
  • How do I exercise my options?

    To exercise an option, please submit a request from your email address on file to tradedesk@just2trade.com. The email must include your account number, name, number of contracts to be exercised, and the option symbol to be exercised. Funds to cover the cost of exercise must be in the account prior to submitting the request, or the request will be rejected due to insufficient funds.
  • When can I exercise my options?

    Requests to exercise options can be submitted at any point before 3:00 PM EST on the last trading day prior to the date of expiration. Please note that for a request to be processed the same day, it must be received via email prior to 3:00 PM EST. Please submit the request to tradedesk@just2trade.com.
  • Where can I see that my options are exercised?

    You can view this on your monthly statement and on your Just2Trade online trading account.To view your statements online, click on the “Reports” button located inside of the Cabinet. To view the exercise transaction, select a two-day time range after the day that you submitted the assigned request.
  • How much does it cost when I exercise my options?

    There is a $20 fee per exercise or assignment. This fee is charged on a per option symbol basis.
  • When are my options assigned?

    Given the option contract, options can be assigned at any time.
  • How much does it cost when my options are assigned?

    There is a $20 fee per exercise or assignment. This fee is charged on a per option symbol basis.
  • Where can I see that my options are assigned?

    You can view this on your monthly statement and on your Just2Trade online trading account. To view your statements online, click on the “Reports” button located inside of the Cabinet. To view the assigned transaction, select a two-day time range after the day that you submitted the assigned request.
  • Which orders can I place on stocks under $1?

    You may place a buy or sell order for limit orders. You may only place a sell order for market orders. Market orders are not supported for opening transactions of OTC securities.
  • Which option orders can I make? What is the maximum risk level allowed?

    Just2Trade offers clients with cash and IRA accounts the ability to purchase calls and puts and write covered calls (if approved). Qualified margin accounts have the ability to write uncovered calls and puts (if approved). Qualified margin accounts must have a minimum of $25,000 in equity to write uncovered puts and a minimum of $100,000 in equity to write uncovered calls. Complex option strategies, including spreads and straddles, will be added in the coming months.
  • Are options margin eligible at Just2trade?

    No, options cannot be borrowed against at Just2trade.
  • Do you allow cash-covered puts?

    At this time, cash-covered puts are not available.
  • Does Just2Trade offer streaming option quotes?

    Yes. Streaming option quotes are available on the Just2Trade platforms.
  • Does Just2Trade provide option charting? Historical option pricing information?

    No. At this time, Just2Trade does not offer option charting or historical option pricing information.
  • Am I able to trade options in an IRA?

    IRA accounts are eligible to be authorized for Options Level 1 & 2, allowing you to purchase calls and puts and write covered call options. Uncovered option trading is not permitted for IRA accounts. In order to update your account for options trading, please submit the Option Account Agreement. Please fax all pages of the completed form to (646) 381-3624 or scan and email it to newaccounts@just2trade.com.
  • How long do GTC orders stay open?

    GTC (Good until Cancelled) orders remain active for 90 days or until cancelled or executed. GTC orders cannot be cancelled after hours; GTC orders may only be cancelled during market hours.
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