Company Profile
| ChoiceTradeReview Summary | |
| Founded | 2002-05-17 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Stocks/ETFs/Options |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | ChoiceTrade(Mobile(iOS/Android)) |
| Min Deposit | / |
| Customer Support | Phone: (877) 731-9114 |
| All other inquiries: (787)773-1848 | |
| Email: service@choicetrade.com | |
| Social Media: Facebook/Twitter/LinkedIn | |
ChoiceTrade Information
Registered in the United States, ChoiceTrade is a broker that provides a web-based trading platform without commission for Stocks, ETFs, and Options. Unless otherwise noted, brokerage commissions apply to all mobile trades. There is a $100 minimum required to open a cash account. Margin accounts that do not engage in day trading require a minimum deposit of $2,000, and day trading accounts have an initial minimum requirement of $25,000. ChoiceTrade is risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| Various tradable instruments | MT4/MT5 unavailable |
| Commission free | No specific transfer method |
Is ChoiceTrade Legit?
ChoiceTrade is not regulated, making it less safe than regulated brokers.
What Can I Trade on ChoiceTrade?
ChoiceTrade offers various market instruments, including stocks, ETFs, and options.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| ETFs | ✔ |
| Options | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Forex | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
ChoiceTrade Fees
The commission is 0. The lower the spread, the faster the liquidity.
Trading Platform
ChoiceTrade provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems. The ChoiceTrade Mobile Application is currently supported on all mobile devices, phones, and tablets that have browsers.
| Trading Platform | Supported | Available Devices |
| ChoiceTrade | ✔ | Mobile(iOS/Android) |
Deposit and Withdrawal
The first deposit amount must be $100 or above.
