WhoTrades CEO Tosin Osunsanya said of the acquisition, “This deal made a lot of sense for us. When considering a transaction like this one, we look for synergies with WhoTrades or being an industry disruptor."
New York, NY (PRWEB) April 06, 2015
Privately-held WhoTrades, Inc., a global broker-dealer, has acquired the Just2Trade and LowTrades brands from Washington, D.C.-based online securities broker Success Trade Securities, Inc. for an undisclosed amount. Through the acquisition, WhoTrades strengthens its role in the online deep discount brokerage space.
Just2Trade and LowTrades have made arrangements to immediately transfer all accounts to WhoTrades, Inc. There is no fee for clients to transfer their accounts as a result of the acquisition. Additionally, commissions, margin rates, and trading platforms will remain exactly the same.
The transaction promises current Just2Trade and LowTrades customers new and exciting features to come. The strong financial and personnel background of WhoTrades ensures the implementation of development plans for Just2Trade’s technology – such as a fully streaming option application and an HTML 5 trading application. Besides the new Just2Trade and LowTrades application, WhoTrades also provides both a web-based and desktop trading platform geared towards very active traders, all backed by a larger support staff.
WhoTrades also offers a social network for traders from around the world to connect, learn and follow. Both Just2Trades and LowTrades customers will have free access to the WhoTrades social network.
WhoTrades CEO Tosin Osunsanya said of the acquisition, “This deal made a lot of sense for us. When considering a transaction like this one, we look for synergies with WhoTrades or being an industry disruptor. In the case of the Just2Trades and LowTrades brands, we believe we got both.”
About Just2Trade: Founded in 2007 as deep discount broker, Just2Trade has earned recognition from some of the country’s leading financial publications, including Barron’s, SmartMoney and Kiplinger’s.
ABOUT WhoTrades, Inc.: Founded in 2010, WhoTrades, Inc. is a New York-based registered broker-dealer with the Financial Industry Regulatory Authority (FINRA). WhoTrades offers a unique personal finance technology that allows customers to trade from a reliable and secure platform. For more information, please visit http://www.whotrades.us or contact Alex Baron, Director of Social Media and Corporate Communications, at 646-346-1088.