Broker Account – justTRADE

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JustTRADE allows German investors to trade securities completely commission-free. The company has partnered with various banks in Germany to ensure efficiency, security, and ease for its users. The Sutor Bank manages users’ clearing and securities accounts. Additionally, the von der Heydt bank stores users’ crypto assets. Investors can have the following advantages when they open a depot with justTRADE.

• A large selection of trading instruments: Investors can trade over 500 000 securities, including 9500 stocks and ETFs from various countries around the world.
• Enjoy trading on several trading venues such as the LS Exchange, Quotrix, Tradegate, and live trading.
• Enjoy commission-free trading with zero-order fees.
• Enjoy extra-long trading hours in justTRADE’s on-exchange trading.

It is imperative to note that justTrade only accepts users with tax domicile in Germany and German citizenship. Furthermore, users must possess an Identity Card for legitimation.

How to Sign-Up

The sign-up process is simplified and takes about 10 minutes to complete. Investors can conveniently use the digital process without having to go through annoying paperwork.

1. Go to justTRADE and register for an account. Optional: Download and install the justTRADE app.
2. Enter the required details (Web users can fill out the application form for a securities account).
3. Complete the video legitimation process.
4. Enter your initial password.

Pricing and Fees

JustTRADE offers transparent and competitive fees. Ideally, the company was formed with the aim of providing completely commission-free securities trading in Germany. The most lucrative offers include zero-order commission, zero custody fees, no lump sums for third-party costs, zero costs for dividend payments, zero trading venue fees, and zero stock exchange fees.

• The minimum spread for cryptocurrencies is only 0.30% in proportion to both buy and sell.
• Zero-order fee.
• The minimum order volume for securities is € 500 and € 50 for crypto.
• Free real-time prices of products.
• Free statutory tax reporting.

JustTrade offers various order types to increase flexibility and efficiency in trading. The available order types include Quote Request, Limit, Trailing Stop Loss, Market (Sell), One Cancels Other (Sell).

• The execution and cancellation of a limit order are free of charge.
• The maximum order volume in limit trading is 100 000 units, which is equivalent to € 50 000.
• – 0.5% per year for credit balances on clearing accounts.
• Zero negative interest for account balances up to € 10.

Benefits of using justTRADE.

• JustTRADE offers crypto and securities trading in just one depot. The broker has over 9500 stocks and ETFs, 500 000 certificates, and 10 crypto values.
• Relatively lower costs enable investors to maximize on profit margins.
• Comprehensive product range: They offer stocks, ETFs, ETCs, Certificates, warrants, and leverage products. They also provide 10 popular cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Stellar, XRP, EOS, and Chainlink.
• JustTRADE guarantees safety for their traders. The German Sutor Bank provides account management and deposit protection funds.
• JustTRADE offers different order types, which enhances flexibility and efficiency when trading.
• JustTRADE provides real-time rates free of charge, which enhances trading success.
• Investors can trade both national and international from around 52 countries on various trading venues. The venues include LS Exchange, Quotrix, Uniswap, Polkadot, and Tradegate Exchange.

Overall, justTRADE is a first-rising startup company that seeks to revolutionize crypto and securities trading. However, it has limited educational resources and a high minimum deposit amount ($500), discouraging investors with lower budgets. Furthermore, the broker does not allow participation in airdrops for cryptocurrency investors.

Mobile Apps and Other Platforms

JustTRADE provides both web trading and mobile app trading for securities and cryptocurrency. The mobile app is available for free download in Play Store and App Store. Desktop traders can also sign up on the web platform and access all its features.

Documentation Needed.

JustTRADE collects various information from users during the registration process. The information includes name, marital status, date of birth, nationality, and address data. Traders must prove their German citizenship through the legitimation process in order to open an account with justTRADE. An identity Card is required during this process, often conducted through a video in the app.