ChoiceTrade [2021 Review]: A Low-Cost International Broker

June 15, 2021
Brokers
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ChoiceTrade is an American broker with 20 years of experience, high regulatory standards, and protection of funds. Also, the web portal is available in 109 languages and in its different investment platforms, you will be able to trade stocks, ETFs, and options. Take into account that you can trade these financial instruments with $0 commission on the NYSE, Nasdaq and AMEX Stock markets. If you are looking for an experienced and trusted American broker, ChoiceTrade may be a good alternative for you.

It is true that ChoiceTrade is a broker that has good characteristics in several aspects. But, we strongly believe that Capital.com is the best online trading platform because it's one of the easiest and cheapest ways to trade CFDs on equities, commodities, indices, Forex pairs and cryptocurrencies anywhere in the world. Capital.com offers you zero fees on intra-day trading, a lightning-fast web platform and their proprietary Negative Balance Protection. Also, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with ChoiceTrade and scored our findings on a 10-point scale across 10 distinct categories.
 ChoiceTradeCapital.com
1 - Fees810
2 - Signup Process710
3 - Minimum Deposit1010
4 - Ease of Use910
5 - Deposit & Withdrawal Options510
6 - Customer Support810
7 - Asset Classes210
8 - Referral Program 01
9 - Demo Account & Educational Resources710
10 - Safety & Regulation1010
TOTAL6691

ChoiceTrade is an American broker that has been operating since 2000 and provides self-directed investors with discount brokerage services. Also, the broker complies with high regulatory standards because it is registered with the Securities and Exchange Commission (SEC) and is a member of the Securities Investor Protection Corporation (SIPC). In this sense, ChoiceTrade accounts are protected by the SIPC up to $500,000 USD ($250,000 USD maximum in cash).

Additionally, the broker offers fast execution orders thanks to the fact that it operates with Electronic Communication Network (ECN), which will allow you to buy and sell financial instruments without lags.

ChoiceTrade is one of the American brokers that provides its broker services to international clients. However, note that the services are restricted in Indonesia, Malaysia, United Arab Emirates and Russia.

ChoiceTrade Availability
AlbaniaCosta RicaHong KongMoldovaSomalia
AlgeriaCroatiaHungaryMonacoSouth Africa
American SamoaCyprusIcelandMongoliaSouth Korea
AndorraDenmarkIndiaMontserratSpain
AngolaDjiboutiIndonesiaMoroccoSri Lanka
AnguillaDominicaIrelandMozambiqueSt. Helena
Antigua & BarbudaEcuadorIsle of ManNamibiaSt. Kitts & Nevis
ArgentinaEgyptIsraelNauruSt. Lucia
ArmeniaEl SalvadorItalyNepalSt. Pierre & Miquelon
ArubaEquatorial GuineaJamaicaNew CaledoniaSuriname
AustraliaEritreaJapanNew ZealandSweden
AustriaEstoniaJerseyNicaraguaSwitzerland
AzerbaijaneSwatini (fmr. Swaziland)JordanNigerTaiwan
BahrainEthiopiaKazakhstanNigeriaTajikistan
BangladeshFijiKenyaNorwayTanzania
BarbadosFinlandKiribatiOmanThailand
BelarusFranceKuwaitPanamaThe Bahamas
BelgiumFrench GuianaKyrgyzstanPapua New GuineaThe British Virgin Islands
BelizeFrench PolynesiaLatviaParaguayThe Comoros
BeninGabonLebanonPeruThe Cook Islands
BermudaGambiaLesothoPolandThe Czech Republic
BhutanGaza StripLiberiaPortugalThe Dominican Republic
BoliviaGeorgiaLithuaniaPuerto RicoThe Faroe Islands
BotswanaGermanyLuxembourgQatarThe Maldives
BrazilGhanaMacauReunionThe Marshall Islands
Brunei DarussalamGibraltarMacedoniaRomaniaThe Netherlands
BulgariaGreeceMadagascarRwandaThe Northern Mariana Islands
Burkina FasoGreenlandMalawiSamoaThe Philippines
BurundiGrenadaMalaysiaSan MarinoThe Seychelles
CambodiaGuadeloupeMaliSao Tome & PrincipeThe Solomon Islands
CameroonGuatemalaMaltaSaudi ArabiaThe Turks & Caicos Islands
Cape VerdeGuernseyMartiniqueSenegalThe U.S. Virgin Islands
Cayman IslandsGuineaMauritaniaSerbiaThe United Arab Emirates
ChadGuinea-BissauMauritiusSierra LeoneThe United Kingdom
ChileGuyanaMayotteSingaporeThe United States
ChinaHaitiMexicoSlovakiaTogo
ColombiaHondurasMicronesia, Fed. St.SloveniaTonga
option

Yes, you can open an account with (broker name) if you live in Afghanistan.


Our #1-rated commission-free broker is Capital.

A Quick Overview of ChoiceTrade

Here is a summary of the most important features and benefits this broker has to offer:

 ChoiceTradeCapital.com
FEE STRUCTURE
            Zero commision broker?✔️✔️
            Fees and spreadsLOWLOW
SIGNUP PROCESS2 DAYSINSTANT / SAME DAY
MINIMUM INITIAL DEPOSITLOWLOW
TRADING PLATFORM
            Website Ease of UseGOODGOOD
            Proprietary web platform✔️
            Proprietary desktop platform✔️
            Proprietary mobile platform✔️
            Third Party
            (Metatrader 4 or 5, CTrader, etc.)
DEPOSIT AND WITHDRAWAL OPTIONS
            Credit/Debit Card✔️
            Bank/Wire Transfer✔️✔️
            e-Wallets/Crypto✔️
CUSTOMER SUPPORTSTRONG
Few channels
Very quick response
STRONG
Multiple channels
Quick response
ASSETS OFFERED
            Offers Stocks✔️✔️
            Offers ForEx currency pairs✔️
            Offers Commodities✔️✔️
            Offers Bonds✔️
            Offers ETFs✔️✔️
            Offers Crypto✔️
REFERRAL PROGRAMDoesn't have one yetPOOR
DEMO ACCOUNT & EDUCATIONAL RESOURCES
            Demo Account✔️
Unlimited
✔️
Unlimited
            Educational resourcesWEAK/NONESTRONG
SAFETY & REGULATION
            Regulated by Tier 1 Regulator/s✔️✔️
            Regulated by Other Regulator/sNO✔️
            Fund Protection✔️

ChoiceTrade Pros & Cons

Pros

  • $0 USD commissions on stocks and ETFs.
  • High regulatory standards.
  • High level of investor protection.
  • No deposit fee.
  • You will be able to choose between several investment platforms.
  • High level of investor protection.

Cons

  • Little diversity of financial instruments.
  • There are fees every time you make withdrawals from your account.
  • There are inactivity fees.
  • It is not possible to use an e-wallet or credit/debit card.
  • You will be able to choose between several investment platforms.
  • No live chat.

ChoiceTrade  Account Types

ChoiceTrade offers standard individual, joint and corporate trading accounts that offer the same investment alternatives. Please note that there are no charges for operating these accounts for American residents. However, in the case of non-US residents, a maintenance fee must be paid. Also, ChoiceTrade offers, only for American clients, the possibility of opening IRA accounts.

Here's a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 ChoiceTrade Fees

 ChoiceTradeCapital.com
Zero commision broker?✔️✔️
Fees and spreadsLOWLOW
Deposit Fees?NONO
Withdrawal Fees?YESNO
Inactivity Fee?YESNO

At ChoiceTrade you will have to pay commissions when you trade on the investment platform. Take into account that the commissions will depend on the market and type of instrument that you decide to trade. Here is a table where you can find the different commissions in each case.

Trade Cost

TradeCommission
NYSE, Nasdaq, AMEX Stock and ETF (executed at $1.00 or above per share)$0 USD Commission Per Trade
Stocks executed on the tZERO ATS2% of the principal value of the trade, subject to a $25 minimum per trade
All other U.S. Stock Trades (10,000 or less shares per trade)$12 USD Commission Per Trade
F Stocks (Foreign stocks trading in the U.S with five letter symbol ending in F)$25 USD Commission Per Trade
Option Trades$0 USD per trade plus $0.40 USD per contract (maximum $50 USD per month)

At ChoiceTrade you will not have to pay commissions for funding your account. But, there are fees when you make withdrawals. Also, withdrawal fees will vary depending on the method you choose. Later, you will find a complete section dedicated to the deposit and withdrawal alternatives that ChoiceTrade offers you.

Inactivity Fee

The broker charges an inactivity fee that you can see in the following table:

TypeFee
Inactivity Fee (Individual or Joint Accounts)$40 USD Quarterly. The fee is waived if 5 or more trades are performed within the calendar quarter
Inactivity Fee (Entity Accounts)$50 USD Monthly. The fee is waived if 5 or more trades are performed within the month

ChoiceTrade is a broker that charges fees for various types of operations. In fact, if you are a Non-U.S. resident you must pay an account maintenance fee of $10 USD. Also, there is a Broker-Assist Surcharge fee of $30 USD per trade. Due to this, the broker loses quite a few points in this category. Take into account that the ideal is to be able to operate with the least amount of costs so that you can progressively increase your capital.

If you are interested in a broker where you do not have to pay commissions every time you make purchases or sales of financial instruments, we recommend that you take into account Capital.com, FX Choice and Firstrade. With these brokers, you can save a lot of money.

ChoiceTrade Fees Score: 8/10

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non-trading fees make a broker lose points and the commissions and spreads associated with each asset type are built into the score to determine the overall value.

#2 ChoiceTrade Signup Process

The account opening process at ChoiceTrade is fast, friendly and totally online for both American and international clients. This factor is important because it is generally very difficult to open accounts in an American broker if you are a foreign client. The process of opening an account has two phases:

User register

In this phase, you must add personal information such as:

  • Name
  • Address
  • Mail
  • Phone

User verification

In this part of the opening process, you will load legible, colour scanned documents onto the platform. You must upload one of the following documents:

  • Personal identification
    • ID
    • Passport
    • Driver's license
  • Proof of residence
    • Bank statement
    • Utility bill

Please note that generally, it will not take you more than 30 minutes to complete the user registration phase. But, the verification process may take up to two days. Due to the importance of opening an account quickly, the broker loses points.

If you have identified a great opportunity in the stock market, and need to open an account as soon as possible to get the profits you have estimated, we can recommend you to Capital.com. With this broker, you will only need 20 minutes to open a trading account and you can invest in the stock market without problems.

ChoiceTrade Signup Process Score: 7/10

How We Rank The Sign Up Process

We rank the sign-up process based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded.
  • Number of documents required.
  • The time the verification process takes.

The easier an account opening process is without unnecessary checks, and the faster the verification process, the higher the score.

#3 Minimum Initial Deposit

ChoiceTrade requires a minimum initial deposit of $100 USD to trade on the investment platform. However, you must bear in mind that if you want to do day trading, the broker requires a minimum initial deposit of $25,000 USD so that your account allows you to perform several operations on the same financial instrument throughout each day.

Additionally, below we present the minimum initial deposit required by other brokers so that you have a reference on the amount required by this one:

Broker                       Minimum Initial Deposit
TD Ameritrade$0 USD
Capital.com$20 USD
eToro$50 USD
Forex.com$100 USD
eToro$200 USD

As you can see, there are other brokers on the market that require a lower minimum initial deposit than ChoiceTrade. However, the broker gets an excellent rating because it is possible to trade with a standard trading account with only $100 USD.

ChoiceTrade Minimum Initial Deposit Score: 10/10

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker's services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

#4 Ease of Use

 ChoiceTradeCapital.com
Proprietary web platform✔️
Proprietary desktop platform✔️
Proprietary mobile platform✔️
Third Party Platform (Metatrader, CTrader, etc.)
Website Ease Of UseGOODGOOD
Google Play Store Score (/5)3.44.4
Apple App Store Score (/5)3.74.8

ChoiceTrade offers a free web investment platform that is very simple and has a very basic interface. In it, you can see all the quotes in real-time and operate with complete peace of mind. But, the platform is really limited. For this reason, the broker offers three different paid-license desktop software with which you can see advanced charts, technical indicators and alerts, among other features.

ChoiceTrade: sofware
ChoiceTrade Investment Platform

Additionally, each of these platforms offers its own apps with which you can manage your investments with powerful apps on your cell phone. In the following table, we present the price and the main characteristics of each software:

Investment Platforms

FeaturesQUOTESTREAMDIRECT PROCHOICETRADE ELITE
Price (monthly)$14.95 USD
$24.95 USD (Pro Version)
$135 USDthen $29.95 USD
Streaming Real-Time Quotes
News Headlines
Real-time alerts✓ (Pro only)
Option Spread Strategies
Trade Finder Scans
Heat Maps
Institutional and Insider Activity
Google Play Store3.42.73.7
Apple App Store3.74.04.1
ChoiceTrade: Investment Platforms
DIRECT PRO Investment Platform

In addition to offering a free web version, the broker allows you to choose between several much more powerful desktop software alternatives so that you can make a much more in-depth and technical analysis. But, ChoiceTrade loses points in this category because in general, the apps are not well ranked on the different download pages.

Take into account that this factor is very important because if you need to open or close orders from your cell phone, there can be no failures in the interface. After all, you could lose money if you do a wrong analysis due to a momentary error in the app.

ChoiceTrade Ease of Use Score: 9/10

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users when considering a broker. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience, so we factored those into the score as well.

#5 Deposit & Withdrawal Options

 ChoiceTradeCapital.com
DEPOSIT METHODS
            Credit card deposit✔️
            Debit card deposit✔️
            Deposit by bank transfer✔️✔️
            Deposit from electronic wallets✔️
            Deposit by wire transfer✔️✔️
            Deposit by check
            Deposit by account transfer from another broker
            Deposit with physical stock certificates
            Deposit by bill payment
WITHDRAWAL METHODS
            Withdrawal to credit card✔️
            Withdrawal to debit card✔️
            Withdrawal by bank transfer✔️✔️
            Withdrawal to electronic wallets
            Withdrawal by wire transfer✔️
            Withdrawal by check
            Account transfer to another broker
            Withdrawal in physical stock certificates

In ChoiceTrade you will not have to pay commissions when you fund your account. But, there are fees associated with the operations of withdrawing funds from your account. Below you will find a table with the different fees for each withdrawal option.

Type of withdrawalFee
ACAT$75 USD
Wire (Domestic)$35  USD
Wire (Foreign)$60  USD
ACH (Domestic only – limit 3/month)$5  USD

Although ChoiceTrade offers several alternatives for you to make bank transfers, the broker does not offer other alternatives such as credit or debit cards and does not offer e-wallets. Take into account that e-wallets are a very popular means of payment. For this reason, the broker loses points in this category.

However, we can recommend other brokers that offer a much wider range of payment methods such as Capital.com, Vantage FX and Blackbull Markets.

ChoiceTrade Deposit & Withdrawal Options Score: 5/10

How We Rank Deposit & Withdrawal Options

Having a lot of deposit & withdrawal options gives you flexibility when it comes to using or accessing your funds. We rank brokers in this dimension according to the total number of options they offer within the following three main categories of deposit and withdrawal methods, since these are the most commonly offered by most brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

#6 ChoiceTrade Customer Support

 ChoiceTradeCapital.com
Phone Support✔️
Available more than 100 hours per week
✔️
Available more than 100 hours per week
            Phone number/s+787.773.1848+44.20.8089.7893
Email Support✔️
Response time: Less Than 2 Hours
✔️
Average response time: 2-24 Hours
            Email address[email protected][email protected]
Live Chat✔️
Dedicated Account Manager✔️
Supported languages113

ChoiceTrade offers immediate customer support. In fact, you will receive an answer to your emails in less than two hours. Also, the telephone service has a schedule between Monday through Friday from 9:00 AM to 5:00 PM. Take into account that, although it is possible to see the web portal in 109 languages, customer support is only in English. In summary, below you can see the alternatives that ChoiceTrade offers you so that you can communicate with the technical staff.

In general terms, ChoiceTrade offers a fast service of attention to the user. But, the broker loses points in this category because it does not offer live chat. Take into account that with live chat you will be able to communicate in real-time with the technical staff so that you can clarify all your doubts and even share links and watch it while chatting with the technical assistant. For this reason, the broker loses points in this category.

ChoiceTrade Customer Support Score: 8/10

How We Rank Customer Support

Customer support plays an important role in getting much-needed help. Our criteria take into account the 3 most pivotal factors traders which include:

  • Availability of support via Live chat, phone & email throughout the week and on weekends.
  • Speed & quality of response across channels.
  • Availability of customized support such as a dedicated account manager.

Customer support is very important for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

#7 ChoiceTrade  Asset Classes

 ChoiceTradeCapital.com
Stock markets coveredAccess to markets from USA alone.Access to markets from 6 countries:
✔️ USA
✔️ Canada
✔️ UK
✔️ Germany
✔️ Japan
✔️ Hong Kong
Number of Stocks3,817
Indices20
Forex Pairs166
Commodities40
Bonds
ETFs
Cryptos239

Stocks

You can trade all stocks offered by the NYSE, Nasdaq and AMEX Stock Markets.

Gold

You can trade gold through ETFs.

ETFs

ChoiceTrade offers a wide range of ETFs.

Because ChoiceTrade does not offer cryptos, Forex markets or bonds, it loses quite a few points in this category. Also, the broker does not offer the possibility of investing in other international markets, which further limits the possibility of creating diversified portfolios that can reduce risk and consistently generate high returns.

ChoiceTrade Asset Classes Score: 2/10

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number of asset classes they offer, such as crypto, forex, stocks, ETFs and bonds.
  • The number of options provided within each asset class.

The more asset classes a broker provides, the more the chance to diversify your portfolio so the better the score. Also, the more asset options within each class, the better.

#8 Referral Program

At this time ChoiceTrade does not offer a referral program with which you can earn extra money by inviting friends and family to open accounts with the broker. For this reason, it is not possible to assign a rating in this category to ChoiceTrade.

ChoiceTrade Referral Program Score: 0/10

How We Rank Referral Programs

Referral bonuses are the perfect way to make a little extra on the side to invest in the platform, so, obviously, the more rewards a broker gives the higher the score for this dimension. Additionally, we also take into account how difficult it is to attain these rewards.

#9 Demo Account & Educational Resources

 ChoiceTradeCapital.com
Demo Account✔️✔️
            Time limitUnlimitedUnlimited
            Initial Balance (fake money)$20,000
Educational ResourcesWeak/NoneStrong
            Seminars / Webinars✔️
            Educational Articles✔️
            Platform / Trading Tutorials✔️
            Online Courses✔️

ChoiceTrade Demo Account

ChoiceTrade offers you the possibility to open unlimited demo accounts with paper money on most of its platforms. But, take into account that in the case of Direct Pro software the demo account is only for 14 days.

A demo account is a really useful tool because it will allow you to test and learn how to use the investment platform so that when you use real money you can fully exploit all the features that it offers you.

Educational Resources

As for educational content, the broker only offers tutorials on investment platforms. Ideally, a broker should offer high-level educational content such as news, videos, podcasts, webinars, opinion pieces, and even economic calendars.

Although ChoiceTrade offers demo accounts with which you can practice without taking the risk of losing money, it loses points in this category because it does not offer educational content with which you can complement your investment strategies.

If you are interested in a broker where you can be informed and in constant learning thanks to its excellent educational resources, we recommend you to see Capital.co and TD Ameritrade.

ChoiceTrade Demo Account & Educational Resources Score: 7/10

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

#10 ChoiceTrade Safety & Regulation

 ChoiceTrade
Regulated Broker✔️
            Tier 1 Regulators✔️
Regulated by the SEC and the SIPC
            Tier 2 Regulator LiscenceNO
            Other LiscensesNO
Fund protecionNO
            CoverageN/A

Regarding the level of security and regulation of the broker, we can say that it is top. ChoiceTrade is regulated by the Securities and Exchange Commission (SEC) and is a member of the Securities Investor Protection Corporation (SIPC) that offers protection on your assets for up to $500,000 USD and protection of up to $250,000 USD for your cash.

This is definitely a broker you can trust for your money, and for this reason, ChoiceTrade takes all the points in this category.

ChoiceTrade Safety & Regulation Score: 10/10

How We Rank Safety & Regulation

The score depends on the number and quality of regulators that oversee the broker. If a broker is regulated by a tier-1 regulator like the Financial Conduct Authority of the UK (FCA), the Securities Exchange Commission of the US (SEC), or the Australia Securities & Investments Commission (ASIC), it scores a perfect 10. However, if it is regulated only by tier-2 regulators like the Cyprus Securities & Exchange Commission (CySEC) it scores an 8. The score for most brokers regulated by tier-3 regulators is a 6.

While researching 100+ of the world's top brokers, we’ve noticed what works and what doesn’t from the customer's point of view. That’s why our final test for any broker is to compare it to Capital, which scores 91/100 points across the 10 categories mentioned in this review, and is our top-rated broker for 2021.

ChoiceTrade vs. Capital.com

ChoiceTrade vs. Capital.com

Selecting the broker that best suits your investment strategies and plans is one of the decisions you must make with the greatest amount of information available so that you can operate without distractions and focus on making money. Moreover, the broker should also allow you to be confident when investing your money by letting you do the best analysis possible at the same time offering you the lowest rates. Taking into account the most relevant aspects for an investor, we prefer Capital.com over ChoiceTrade for the following reasons:

Quick and easy account opening

If you want to trade now without having to wait for days struggling to verify your trading account, we recommend you visit Capital.com. You can open your account and trade in less than 20 minutes.

It has the best fees

Capital.com doesn’t charge any fees on any asset that you trade: stocks, commodities, cryptocurrency, indices, forex, ETFs, or anything else. It doesn’t charge monthly or annual fees, inactivity fees, or deposit or withdrawal fees, either. It also offers tight spreads on trades, unlike other zero-fee brokers, who make their money on wide spreads. Capital.com only makes money on the overnight fees on leveraged trades, so if you trade without leverage, you’ll never pay any fees.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

It Provides More Educational Resources

At Capital.com you have more tools and options so you can study the market and create the best investment plans. For example, you will be able to access:

  • Free financial webinars.
  • Educational courses for traders.
  • Extensive market glossary.
  • Comprehensive CFD trading guide.
  • Cryptocurrency trading tutorial.
  • Investmate, Capital.com’s investor education app.

The Best Investment options

ChoiceTrade has a good number of financial instruments that you can invest in. However, Capital.com offers you several more possibilities because, on its investment platform, you will be able to access a greater number of financial instruments. This feature is really important because with Capital.com you will be able to have a greater capacity for diversification when building your investment portfolios.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ChoiceTrade In Summary

  • ChoiceTrade is an American broker with 20 years of experience.
  • The broker complies with high regulatory standards because it is registered with the Securities and Exchange Commission (SEC) and is a member of the Securities Investor Protection Corporation (SIPC).
  • At ChoiceTrade you will have to pay commissions when you trade on the investment platform.
  • The broker charges an inactivity fee.
  • The account opening process at ChoiceTrade is fast, friendly and totally online.
  • ChoiceTrade requires a minimum initial deposit of $100 USD.
  • The broker offers three different paid-license desktop software.
  • In ChoiceTrade you will not have to pay commissions when you fund your account. But, there is a fee for withdrawing money.

If you are looking for an American broker that allows you to open accounts to international clients, ChoiceTrade may be a good alternative because it also meets high regulatory standards and has a proven track record of providing investment services.

However, it is important that you do not make the decision without considering other alternatives that could offer you greater benefits. This is why we recommend you to Capital.com. In fact, we are 100% sure that it is a broker with which you can save money because you will not have to pay any fee for withdrawal, deposit or inactivity. In addition, Capital.com does not charge any fee for managing an investment account, doing negotiations with financial instruments and you can use the investment platform, in any of its versions, totally free.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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