General Information & Regulation
ChoiceTrade is allegedly a financial services company founded in 2000 and registered in the United States that claims to provide its clients with a choice of three different web-based trading software. Here is the home page of this brokers official site:
As for regulation, it has been verified that ChoiceTrade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.45/10. Please be aware of the risk.
Trading Products
ChoiceTrade advertises that it offers a variety of trading products, which include stocks, options and ETFs, as well as subscription-based products.
Account Types
ChoiceTrade claims to offer demo accounts with $100,000 in virtual funds and live accounts. There is a $100 minimum required to open a cash account, while there is a much higher initial minimum of $25,000 required to establish a ChoiceTrade account.
Trading Software Available
The platform available for trading at ChoiceTrade is web-based, including three different choices - QUOTESTREAM, DASTRADER and CHOICETRADE ELITE.
Customer Support
ChoiceTrade‘s customer support can be reached Monday - Friday - 9 am to 5 pm (EST) by telephone: (877) 731-9114, email: service@choicetrade.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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