Introduction
ChoiceTrade.com is an online broker that offers trading services for stocks, options, and mutual funds. The company is headquartered in New York City and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). While ChoiceTrade.com may not be as well-known as some of the other online brokers, they offer many of the same features and services. In this review, we will take a look at the company’s regulation, platforms, pros and cons, and what traders have to say about their experience with the broker.
Company Overview
ChoiceTrade is an online stock brokerage firm that was founded in 2000. The company is headquartered in New York City and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
ChoiceTrade offers its clients a variety of services including online stock trading, options trading, mutual fund trading, and more. The company has a variety of platforms that it offers its clients including a desktop platform, mobile platform, and web-based platform. ChoiceTrade also has an extensive education center that provides its clients with resources to help them become better traders.
The company has received positive reviews from many different sources. However, some reviewers have criticized the company for its high commissions and lack of customer support. Overall, ChoiceTrade is a reputable company that offers its clients a variety of services and products.
Services Offered
ChoiceTrade is a brokerage firm that offers online trading in stocks, options, and ETFs. The company is headquartered in New York City and was founded in 2000. ChoiceTrade is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
The company offers three different trading platforms: the ChoiceTrade WebTrader platform, the MetaTrader 4 platform, and the NinjaTrader platform. All three platforms are available for desktop, web, and mobile devices.
ChoiceTrade offers a variety of investment products and services, including:
– Stock trading
– Options trading
– ETF trading
– Mutual fund trading
– Fixed income trading
– Retirement accounts
– Margin accounts
Pricing
Pricing
The pricing at ChoiceTrade is very competitive. commissions are $4.95 per trade for stocks and ETFs, and $9.95 + $1 per contract for options. There is no account minimum, so you can start trading with as little as you like. The company also offers a variety of other services like mutual fund trading, forex trading, and futures trading. Prices for these services vary depending on the service you choose.
Platforms and Tools
There are numerous platforms and tools available for ChoiceTrade.com traders. The most popular platform among ChoiceTrade.com traders is the MetaTrader 4 (MT4) platform. Other platforms offered by ChoiceTrade.com include the WebTrader platform, Mobile Trader platform, and the ZuluTrade social trading platform. In addition to these platforms, ChoiceTrade.com also offers a variety of tools such as trading signals, market analysis, and educational resources.
The MetaTrader 4 (MT4) platform is the most popular trading platform among ChoiceTrade.com traders. The MT4 platform is a user-friendly platform that offers a variety of features and tools such as advanced charting capabilities, automated trading robots, and a wide range of indicators. The WebTrader platform is another popular choice among ChoiceTrade.com traders. This web-based platform offers all of the features and tools of the MT4 platform with the added benefit of being accessible from any internet-enabled device.
The Mobile Trader platform allowsChoiceTrade.comtraders to access their account and trade on the go using their mobile phone or tablet device. The ZuluTrade social trading platforms allowsChoiceTrade tradersto copy the trades of other successful traders in real-time. Thisplatform also provides access to a community of like-minded traders where ideas and strategies can be shared.
In addition to these platforms and tools,Choice Tradealso offers a variety of resources such as market analysis,
Research
If you’re looking for a broker that offers a wide variety of research tools and resources, ChoiceTrade may be a good option for you. The broker offers both basic and advanced research tools, including economic calendars, real-time news feeds, and analyst ratings. You’ll also find a good selection of educational materials on theChoiceTrade website, including articles, webinars, and videos.
One thing to keep in mind, however, is that ChoiceTrade is not regulated by the US Securities and Exchange Commission (SEC). This means that the broker is not subject to the same strict rules and regulations as SEC-regulated brokers. As such, you may want to consider whether or notChoiceTrade is right for you before opening an account.
Education
Education is important for any online broker. At ChoiceTrade, they have an entire section of their website dedicated to education. Here, you’ll find articles on topics such as “What is a Stock?”, “How to Place an Order”, and “Understanding Options”. There are also webinars available on a variety of topics, such as “Introduction to Technical Analysis” and “How to Use the ChoiceTrade Platform”. Whether you’re a beginner or a experienced trader, there’s something here for you.
Customer Service
At ChoiceTrade, we are dedicated to providing the best possible customer service experience. We have a team of knowledgeable and friendly customer service representatives who are ready to help you with any questions or concerns you may have.
We offer a variety of platforms and services to meet the needs of our customers. Our trading platforms are easy to use and offer a wide range of features and tools. We also offer a variety of research and educational resources to help our customers make informed trading decisions.
We are committed to providing our customers with a fair, transparent, and enjoyable trading experience. We believe that our customer service is second to none, and we strive to provide a positive experience for all of our customers.
Pros and Cons
When it comes to online brokers, there are many different things to consider. In this ChoiceTrade review, we will take a close look at the company’s regulations, platforms, pros and cons, and traders’ ratings.
ChoiceTrade is a US-based online broker that was founded in 2000. The company is a member of FINRA and SIPC, which protects investors’ funds up to $500,000 (including $250,000 for cash).
One of the main advantages of ChoiceTrade is that it offers a variety of platforms for its clients. These include the popular MetaTrader 4 platform as well as the company’s own web-based platform. ChoiceTrade also has mobile trading apps for both iOS and Android devices.
Another plus point is that ChoiceTrade offers commission-free trading on all stocks and ETFs. However, there is a $0.01 per share charge for options contracts.
One potential downside of using ChoiceTrade is that the firm only provides support during US working hours (9:30am – 4pm EST). This could be an issue for international clients or those who trade outside of normal working hours.
Overall, ChoiceTrade appears to be a solid online broker with some great features. However, it’s worth considering whether the company’s limited customer support hours could be an issue for you before opening an account.
Bottom Line
When it comes to online trading, the bottom line is always regulation. And when it comes to ChoiceTrade.com, the bottom line is that they are a regulated broker. That means they are held to certain standards by the government and must follow certain rules in order to protect their customers.
One of the main things that ChoiceTrade.com does to protect their customers is to offer a secure platform. Their platform is encrypted and offers multiple layers of security. They also offer customer support 24/7 so that you can always get help if you need it.
ChoiceTrade.com also has some great features for traders. They offer a variety of different account types so that you can find one that fits your needs. They also have a mobile app so that you can trade on the go. And, they offer competitive commissions and fees so that you can save money on your trades.
Overall, ChoiceTrade.com is a great choice for an online broker. They are regulated and offer a secure platform with great features for traders.