Choicetrade Guide – Read our In-Depth Choicetrade Review
This Choicetrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Choicetrade review does not apply to US users.
If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire proficient at all the concepts of broker as you continue trading. For starters, you need to choose the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program will create hefty returns. Choicetrade is one such platform which will take you and your investment to great heights. It is crucial to know all about Choicetrade until you trust them with your cash.
Our full Choicetrade Review covers all you will need to know about trading using Choicetrade. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
Choicetrade is a broker which has forged its way successfully to the broker world. Within this review, we've attempted to collate some of the important aspects of Choicetrade. This review will allow you to understand whether Choicetrade is a good fit for your own investments or not. We've attempted to breakdown all of the features and fees for your advantage.
Choicetrade Review, Table Of Contents
- Who are Choicetrade?
- Benefits Of Trading With Choicetrade
- Everything you should know about trading with Choicetrade
- Is Choicetrade Safe To Trade With?
- Pro's & Con's Of Trading With Choicetrade?
- Compare Brokers Similar To Choicetrade
- Regulation And Licencing In More Detail
- Choicetrade Awards
- Minimum Deposit Required For A Live Account With Choicetrade
- Choicetrade Commission And Fees Explained
- Compare broker fees against Choicetrade
- Choicetrade Withdrawal Fees Explained
- Choicetrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Choicetrade?
- Alternatives To Choicetrade
- Frequently Asked Questions About Choicetrade
Who are Choicetrade?
Choicetrade is a forex broker headquartered in United States and provides a range of tools for online trading. Since its beginning in 2009, Choicetrade has emerged as a leading player in the industry of online broker. Choicetrade includes an extremely competitive and full-featured trading website that is focused on forex, indices, metals, stocks , commodities.
Over the past 12 years, Choicetrade has grown into one of the leading online brokers.
After launching in 2009, their client base has become as big as 10,000+ clients.
Choicetrade is the favorite for many traders.. Our Choicetrade review discovered that they're an superb alternative for automated trading solutions. It's best suited for investors that are looking for an assortment of assets. Social and automated trading options are the heart at Choicetrade.
Technology plays a significant role in Choicetrade. Choicetrade offers trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .. Choicetrade is honest, transparent, and also a well-regulated agent by the Unregulated. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational department at Choicetrade is very enlightening for new dealers since it permits them to have a closer look at the financial markets. Choicetrade caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
If you feel that Choicetrade is not right for you then at the bottom of this Choicetrade review you wil find a lot of alternatives to Choicetrade.
What you should know about trading using Choicetrade
Choicetrade is a lively platform that offers various procedures of trading online. These instruments cover the monetary markets considerably. Most of the broker platforms offer less procedures than Choicetrade
If you wish to trade with Choicetrade, you'll need a minimum deposit of $250. This deposit is compulsory if you wish to begin trading using Choicetrade. This 2021 Choicetrade review will direct you clearly about trading with them.
Choicetrade is as versatile as any other broker platform. Choicetrade is ideal for traders who want a manageable variety of cheap services. The platforms offered by Choicetrade are third party, white-label offerings. All traders may choose from cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary ..
Together with everything, Choicetrade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade has to be kept open. The agents offer premium customer service that rewards customers with benefits.
Many unprofessional brokers attempt to pressurise consumers into bigger funding for premium services. Choicetrade, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
Choicetrade accounts are available globally and provides excellent service wherever they have clients. There are some select few countries where Choicetrade accounts are not available. Traders in the following countries cannot open or use a Choicetrade account:
Is Choicetrade Safe To Trade With?
Launched in 2009, Choicetrade has been open for 12 years, they are headquarted in United States.
Choicetrade is regulated by Unregulated. These bodies have rules that ensure that trading platforms have measures in place to keep investor's resources secured. This usually means that Choicetrade users don't need to be worried about their money since it is segregated and safely kept in banks that are established. SSL encryption secures every user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with Choicetrade for heightened security. An SMS for the confirmation code will be sent to your mobile phone. You'll be asked to enter this code to log into your accounts.
Another concern with fiscal brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With Choicetrade
Every online trading platform will have some ups and downs, and no Choicetrade review would be complete without showing both sides. This Choicetrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Choicetrade is trusted by 10,000+ clients
- Choicetrade doesn't charge withdrawal fees
- Choicetrade doesn't charge inactivity fees
- Choicetrade doesn't charge deposit fees
- Choicetrade doesn't charge CFD fees
- Choicetrade offer trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .
- Choicetrade offer 73 trading instruments
- Choicetrade can communicate in
- Choicetrade does not offer Negative Balance Protection
- Choicetrade does not offer Guaranteed Stop Loss
- Choicetrade doesn't trade major forex pairs
- Choicetrade doesn't trade minor forex pairs
- Choicetrade doesn't trade exotic forex pairs
- Choicetrade doesn't offer trading on cryptocurrencies
Choicetrade Review - Compare Brokers Similar To Choicetrade
|Headquarters||United States||UK||UK||United States|
|Regulated By||Unregulated||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits|
Choicetrade Review - Regulation And Licencing In More Detail
Choicetrade is regulated by Unregulated.
Choicetrade, as a business, has a strong set of rules for ensuring fair trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Choicetrade Review - Awards
- At the time of writing this Choicetrade review, they had not received any awards.
Choicetrade Review - Minimum Deposit Required
The minimum deposit you need to begin on Choicetrade is $250. This is a decent amount for those just starting out. It's possible to make more advanced deposits as you go along. But, ensure that you understand how to make the most of your money before investing larger sums.
Choicetrade Review - Commission And Fees Explained
Choicetrade is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily influenced by the number of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are paying a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They're billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, Choicetrade does not charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by Choicetrade are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This Choicetrade review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against Choicetrade
|CFD Fees||Yes||charge commissions on cTrader only||0.08% per share charge per side|
Choicetrade Review - Withdrawal Fees ExplainedChoicetrade doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Choicetrade account. It's possible to draw sums up to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent into the card. Choicetrade will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to draw in.
Choicetrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head when open an account with Choicetrade. An inactivity fee is an amount charged to registered dealers that have not engaged in buying or selling for some time. The period regarded as inactive is decided by the broker.
The inactivity fee also differs from one broker to another and is not standardized. If a traders account doesn't have a purchasing or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions that they had consented while enrolling.
Choicetrade doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are indicated by Choicetrade, it's better that you close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.
Choicetrade Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this operation.
Choicetrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Choicetrade trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit substantial amounts.
Choicetrade Review - Compare Broker Deposit Methods
What Can You trade With Choicetrade?
Note: Choicetrade provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ based on the country of residence of the client.
Choicetrade has a wide variety of over 73 instruments available for you to trade with.
If trading currency pairs is of interest to you then Choicetrade offer over forex pairs.
Compare Choicetrade, DF Markets, FxPro & FXCM below.
Alternatives To Choicetrade
If, after reading this Choicetrade review, Choicetrade doesn't quite meet your needs check out these Choicetrade alternatives.
We've scoured the internet to find the best alternatives to Choicetrade. Click the hyperlinks below to find out more.
Frequently Asked Questions about Choicetrade
Can I try Choicetrade before I buy?
Yes, you can most definitely try Choicetrade before you buy. Choicetrade provides demo accounts for the ease of new traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account on Choicetrade, you will set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you choose to invest your own money.
With this digital Choicetradedemo account, you can experiment at all, to whatever period you wish. You can even open positions, examine different trading strategies, and much more.
Choicetrade specifies on its official site that you are able to trade real time stocks in a demo account.
Is Choicetrade safe?
You can drop all your worries because we believe that Choicetrade is perfectly safe to use. It's in compliance with the rules of Unregulated.
Even so, Choicetrade doesn't provide assured stop-loss protection.
Why does Choicetrade ask for my passport?
The reason that Choicetrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Choicetrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Choicetrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Choicetrade?
The process to start trading withChoicetrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Choicetrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Choicetrade is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Choicetrade.
The best way to kickstart your trading career with Choicetrade is to open a demo account facility before risking any real money
What funding methods do Choicetrade accept?
There are a number of methods to finance your account with Choicetrade. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every place. The monies Choicetrade
Is my money safe with Choicetrade?
Yes, your money is safe and secure with Choicetrade. As you already know, Choicetrade operates with good conformation to. It has established plenty of steps to protect all its investors.
Choicetrade safeguards its clients' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS confirmation that you get your accounts.
Is Choicetrade trading good?
Yes, trading through Choicetrade is a pleasant and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you can also gain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Choicetrade support?
Choicetrade operates across the world. However, due to regulations there are some countries that Choicetrade do accept clients resident in
Is Choicetrade legit?
Choicetrade is a legit company headquarted in United States since 2009. They are regulated by Unregulated. Choicetrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Choicetrade a good broker?
Choicetrade is a great broker, and its users can vouch for this. The highlight of the platform is its fast order execution on trades.
You'll discover the clean layout of the platform and the admirable features that a pleasure to work with.
Is Choicetrade a trustworthy broker?
Yes, Choicetrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Choicetrade?
The minimum deposit to open a live account with Choicetrade is $250
How long do Choicetrade withdrawals take?
Normally, withdrawal of money from Choicetrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Choicetrade to show in your bank account.
Are Choicetrade regulated?
Choicetrade are regulated by Unregulated
Is Choicetrade a market leading broker?
Choicetrade is indisputably one of the business leaders. It supports over 10,000+ registered customers and over 12 years of expertise on its record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of tools plus resources so you may invest in capital markets.
Is Choicetrade a con?
No, Choicetrade is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Choicetrade is not a scam.
Can you make money with Choicetrade?
Through Choicetrade, many traders make a great deal of cash. However, on average, through continual trading, you can make between 2% - 10% profit a month.
This may seem like a little number, but within the year, this adds to a substantial number of gains. While Choicetrade supply you all of the tools to make money, they cannot guarantee that you will gain.
Does Choicetrade have fees?
Yes. To begin trading using Choicetrade, you need to deposit $250. Certain commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was Choicetrade founded?
Choicetrade was founded in 2009 in United States. Choicetrade is regulated by Unregulated.
How many people use Choicetrade?
Choicetrade is a worldwide recognised broker with 10,000+ customers.
Where is the Choicetrade head office?
Choicetrade has its head office in United States
Does Choicetrade offer negative balance protection?
No. Choicetrade does not offer negative balance protection. If your balance is negative, Choicetrade suggests that you promptly contact client services. With this, you can fix any imbalances within your account.
Does Choicetrade offer guaranteed stop loss?Choicetrade unfortunately, doesn't offer guaranteed stop loss. Choicetrade provides an opportunity for its traders to close their trades in their specified price. Aside from this, Choicetrade doesn't offer guaranteed stop loss.
Does Choicetrade allow scalping?Yes, Choicetrade do allow scalping. Many traders across the world choose Choicetrade due to their services that are trading. They offer trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . which allow this.
Does Choicetrade allow hedging?
Yes, Choicetrade does allow hedging.
Can you trade energies with Choicetrade?
No, unfortunately you cannot trade energy stock with Choicetrade
Can you trade agricultural shares with Choicetrade?
No, unfortunately you cannot trade agricultural stock with Choicetrade
Can you trade cryptocurrency with Choicetrade?
No, unfortunately you cannot trade cryptocurrency with Choicetrade
Can you trade metals with Choicetrade?
No, unfortunately you cannot trade metals with Choicetrade
Can you trade UK Shares with Choicetrade?
No, unfortunately you cannot trade UK shares with Choicetrade
Can you trade US Shares with Choicetrade?
No, unfortunately you cannot trade US shares with Choicetrade
Can you trade Japanese Shares with Choicetrade?
No, unfortunately you cannot trade Japanese shares with Choicetrade
Can you trade German Shares with Choicetrade?
No, unfortunately you cannot trade German shares with Choicetrade
Does Choicetrade accept bank transfers?
No, Choicetrade does not accept bank transfers.
Does Choicetrade accept credit cards?
No, Choicetrade does not accept credit cards.
Does Choicetrade accept PayPal?
No, Choicetrade does not accept PayPal.
Does Choicetrade accept Skrill?
No, Choicetrade does not accept Skrill.
Does Choicetrade accept Payoneer?
No, Choicetrade does not accept Payoneer.
Does Choicetrade accept Neteller?
No, Choicetrade does not accept Neteller.
Does Choicetrade offer Live Chat customer support?
No, Choicetrade does not offer customer support through live chat.
Does Choicetrade offer phone customer support?
No, Choicetrade does not offer customer support over the telephone.
Does Choicetrade offer email customer support?
No, Choicetrade does not offer customer support through email.
What languages can Choicetrade communicate in?
Choicetrade has the ability to communicate and support customers who speak:
Does Choicetrade have a wikipedia page?
No, Choicetrade does not have an official wikipedia page.
Does Choicetrade offer demo accounts?
Yes, Choicetrade offers demo accounts so you can learn their systems before risking any real money.