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Updated on Tuesday, February 9, 2021
Formerly known as Just2Trade, Score Priority is a global online brokerage and trading firm. Score Priority is best for more experienced investors who want to actively trade stocks and exchange-traded funds (ETFs), and invest in global markets. It requires a larger minimum investment than some other brokerage firms and charges higher commissions and fees based on your plan type. In this review, we break down Score Priority’s benefits and drawbacks so you can decide if it’s right for you.
|Fees||None to open an account|
|Sign-up bonus||None offered at this time|
- What Score Priority offers and whom it’s for
- Score Priority fees and costs
- Score Priority investing tools and research
- Score Priority user experience
- Score Priority investor education
- Score Priority security
- Alternatives to Score Priority to consider
What Score Priority offers and who it’s for
Seasoned investors who actively trade will find Score Priority’s low commissions and fees to be a significant advantage. If you complete a high volume of trades, using Score Priority might help you save money and get more earnings than if you used another brokerage firm.
Score Priority has a range of account options, including taxable investment accounts, IRAs and custodial accounts. Beyond stocks and bonds, you can also invest in futures and options.
- Low stock trading commissions: Depending on what plan you’re on, your cost per trade ranges from $0 to $2.50 for stocks. While other platforms may offer $0 trades, Score Priority offers more complex investment and trading options.
- Low options trading commissions: Score Priority has low options trading commissions. On the per-trade plan, options trade at $0.50 per contract.
- Day trading available: With Score Priority, you can participate in day trading, during which you buy and close a position within the same day. To qualify for a day trading account, you must deposit at least $25,000 and submit a margin and day trading agreement. Not all brokerage platforms allow for day trading, so this may be seen as a plus for traders. However, keep in mind that day trading has significant risks, and the potential for losses is high.
- Trading tools come at an additional cost: Score Priority’s research services are limited. You can access services for analyzing securities and building trading strategies through the Score Priority Store, but this comes at an additional cost. Available tools include Benzinga Pro, Investfly, StocksToTrade and Try2BFunded.
- Fees for inactivity apply: Score Priority charges a $15 inactivity fee per quarter. To avoid the fee, you must make at least five trades per quarter or maintain an account balance of at least $50,000.
- Commission-free trading has limited services: While Score Priority does offer a commission-free trading option, its services are limited. Commission-free trading doesn’t include extended trading windows and has a smaller range of option order types.
- High minimum balance: Before you begin trading, Score Priority requires you to have at least $1,000 in your account. By contrast, Fidelity Go allows customers to open an account with $0, and Schwab One accounts also have a $0 minimum.
Score Priority fees and costs
|Commission-free plan||$0 trades of stocks and ETFs|
|Per-trade plan||Stocks as low as $2.50 per trade, futures as low as $2.50 per side or contract, and options as low as $0.50 per contract|
|Inactivity fee||$15 per quarter|
|Foreign stock transaction fee||$75 per trade|
|Form 1099 copy request||$5 if dated within past two years
$10 for forms older than two years
|IRA annual fee||$50 for IRAs with less than $10,000 and fewer than 40 trades|
|Paper statement fee||$5 per statement|
|ACAT transfer (outgoing)||$80|
Score Priority’s commissions and per-trade costs are quite low. While many firms offer commission-free trading, there are usually caps on the number of trades you can complete. For high-volume traders, Score Priority is advantageous.
However, there are other fees you should be aware of before investing. Score Priority is designed for active traders; if you don’t use your account, Score Priority will charge you a $15 inactivity fee.
Trading foreign stocks also incurs an additional fee of $75 per trade.
If you want to open an IRA account, you’ll be charged a $50 annual fee unless you maintain a balance of $10,000 or more and conduct more than 40 trades.
Margin accounts must have at least $2,500 before you can begin trading, and foreign accounts must have at least $5,000.
Score Priority investing tools and research
Score Priority’s tools and research capabilities are limited, but it does offer the following features:
Trading platform access
Score Priority launched a new trading platform that allows you to use customizable trading tools to monitor your investments and develop your investing strategies. The platform includes real-time streaming quotes and no-commission equity pricing. The platform is also available for mobile.
Score Priority Store
Score Priority customers can get free trials for top investment tools such as Rumor Hound, Vantage Point Trading and more. These programs can automate your trading insights and even pick stocks based on predictive algorithms.
Score Priority user experience
With Score Priority’s rebranding under its new name, it also launched new sophisticated tools for experienced traders. However, the trading platform and mobile app are geared to advanced and professional traders, and novices might be overwhelmed or confused by the tools.
Customer service is available via live chat, phone or email. You can call 855-274-4934 Monday through Thursday from 9 a.m. until 6 p.m. and Friday from 9 a.m. until 5 p.m. Eastern time. You can also email [email protected].
Score Priority investor education
Unlike other brokerage firms, which often have robust educational materials, Score Priority doesn’t offer resources or courses for investors. As Score Priority is geared toward advanced investors, that’s not unexpected, but newer investors should be aware that they will have to look elsewhere for investing information.
Score Priority security
Score Priority is a member of the Financial Industry Regulatory Authority (FINRA) and has Securities Investor Protection Corp. (SIPC) insurance, which protects against the loss of cash and securities in case a brokerage firm becomes financially troubled. That means your investment is protected up to $500,000 — $250,000 for cash — if the broker fails.
Score Priority’s account security is basic. Users can access their accounts with a username and password, and customers are responsible for not sharing that information.
Score Priority protects your information by placing it on a secure section of its website, and it uses firewalls and other technology to prevent external attacks. Score Priority also uses SSL to protect the privacy of your information communicated between your computer and its servers.
Alternatives to Score Priority to consider
While Score Priority can be a useful brokerage firm for some investors, it’s not for everyone. With its limited educational materials and bare-bones trading platform, it may be too overwhelming for novice investors to navigate, and they may be better off with another brokerage firm.
For investors who want more information and educational resources, Interactive Brokers and Fidelity might be better choices. They have lower account minimums, making it easier to start investing, and have more tools for beginner investors.
|Cost per trade||Minimum deposit||Best for ...|
|Score Priority||$0 to $2.50||$1,000||Advanced traders trading large volumes|
|Interactive Brokers||$0 to $1||$0||Experienced investors and investment professionals|
|Fidelity||$0 to $0.65||$0||Beginner to advanced investors|
Score Priority vs. Interactive Brokers
Like Score Priority, Interactive Brokers is designed for more advanced traders and investment professionals. However, Interactive Brokers has a $0 account minimum, so you can begin trading with less money.
The brokerage firm also recently launched IBKR Lite, a platform for casual investors. It offers commission-free trading on stocks and ETFs, and educational materials to help you become knowledgeable before investing.
Score Priority vs. Fidelity
While Score Priority is best for advanced investors and day traders, Fidelity is suitable for investors of every level, including beginners. With low- or no-fee commissions on most products and a $0 minimum, Fidelity makes it easy to open an account and start investing, even if your investing knowledge is limited.
Score Priority’s educational materials are scarce, while Fidelity has a wide range of tools to guide newer investors. Fidelity’s resources include articles, a detailed learning center and robo-advisor options.
Rates and fees mentioned in this article are accurate as of the date of publishing.
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