Choicetrade Guide – Read our In-Depth Choicetrade Review
Choicetrade Rating: 0.78 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get proficient at all the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will generate hefty returns. Choicetrade is just one such platform which will take you along with your investment to great heights. It's important to understand all about Choicetrade before you trust them with your money.
Choicetrade Guide – Quick Summary
Choicetrade Telephone Number:
Choicetrade Email Address:
Number Of Clients:
10,000+ Choicetrade users and traders
Choicetrade Facebook Likes:
Choicetrade Twitter Followers:
Choicetrade Instagram Followers:
Your capital is at risk
|Choicetrade Telephone Number:|
|Choicetrade Email Address:|
|Number Of Clients:||10,000+ Choicetrade users and traders|
|Choicetrade Facebook Likes:||0|
|Choicetrade Twitter Followers:||0|
|Choicetrade Instagram Followers:||0|
Your capital is at risk
Our entire Choicetrade Review covers everything you will need to learn about trading with Choicetrade. A fantastic agent can multiply your first investments and provide you favourable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It's a common misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
Choicetrade is a broker which has found its way successfully to the broker world. In this review, we have tried to collate a number of the vital aspects of Choicetrade. This review will allow you to understand whether Choicetrade is a good fit for your investments or not. We've attempted to breakdown all the features and fees for your convenience.
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?
- Choicetrade Risk Disclaimer
- 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 variety of instruments for online trading. Since its establishment in 2009, Choicetrade has emerged as a top-tier player in the field of online broker. Choicetrade has an extremely competitive and full-featured trading website that's 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 large as 10,000+ clients.
Choicetrade is a favourite of many dealers.. Our Choicetrade review found that they are an excellent alternative for automated trading options. It's most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at Choicetrade.
Technology plays a substantial role in Choicetrade. Choicetrade features trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .. Choicetrade is honest, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at Choicetrade is quite enlightening for new traders as 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 any well-diversified approach to 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 ought to know about trading with Choicetrade
Choicetrade is a dynamic platform that provides various procedures of online trading. These tools cover the financial markets considerably. The Majority of the broker platforms provide fewer methods than Choicetrade
If you would like to trade with Choicetrade, you will need a minimum deposit of $250. This deposit is compulsory if you would like to start trading using Choicetrade. This 2021 Choicetrade review will guide you easily about trading with them.
Choicetrade is as versatile as any other broker platform. Choicetrade is excellent for traders that want a manageable assortment of cheap services. The platforms offered by Choicetrade are third-party, white-label offerings. All traders can choose out of cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary ..
Together with everything, Choicetrade has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction must be kept available. The agents offer premium client service that rewards customers with benefits.
Many unethical brokers attempt to pressurise users into bigger funding for premium services. Choicetrade, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater advantages will become available.
Choicetrade accounts are available around the world and provides excellent service wherever they have customers. There are a few countries where Choicetrade accounts are not available. Traders in the following countries cannot open or use a Choicetrade account:
BR, KR, IR, IQ, SY, JP, US
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 maintain investor's assets procured. This usually means that Choicetrade users don't need to worry about their money as it is segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with Choicetrade for increased safety. An SMS for the verification code will be sent to a phone. You will be required to input this code to log in to your accounts.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is much more prevalent in the case of Market Maker agents who compete with customers on the platform.
Choicetrade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Choicetrade
Every online trading platform will have some pros and cons Choicetrade review would be complete without having a balanced approach. 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 has low minimum deposit requirements
- Choicetrade doesn't charge inactivity fees
- Choicetrade doesn't charge deposit fees
- Choicetrade offer trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .
- Choicetrade offer 73 trading instruments
- Choicetrade can communicate in English, and Chinese
- Choicetrade does not offer Negative Balance Protection
- Choicetrade does not offer Guaranteed Stop Loss
- Choicetrade charge withdrawal fees
- 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 charge CFD fees
- Choicetrade doesn't offer social trading
- Choicetrade doesn't offer copy trading
- Choicetrade doesn't offer trailing stop
Choicetrade Review - Compare Brokers Similar To Choicetrade
|Rating||0.78 / 10||4.5 / 10||4.15 / 10||4.05 / 10|
|Headquarters||United States||New Zealand||Russia||United Kingdom|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F298||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F288||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F223|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
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 information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Choicetrade Review - AwardsAt the time of writing this Choicetrade review, and despite Choicetrade’s impressive offering, the company has surprisingly not garnered any other awards to date.
Choicetrade Trading Platforms
Choicetrade are a professional trading platform that has been operating for over 12 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any professional broker and compare Choicetrade with questrade, nsfx, and amarkets
Choicetrade Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Choicetrade is $250. This is a decent amount for people just starting out. It's possible to make more advanced deposits as you cooperate. But, ensure that you understand how to make the most of your cash before investing larger amounts.
Choicetrade Review - Commission And Fees Explained
Choicetrade is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of customers they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, Choicetrade doesn't 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 amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by Choicetrade are comparatively lower. Consequently, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This Choicetrade review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against Choicetrade
Choicetrade Review - Withdrawal Fees Explained
Choicetrade charges a withdrawal fee when you make a bank transfer. Each time you move money into your bank accounts, these withdrawal fees become applicable.
Withdrawal of money is possible at any time from your Choicetrade account. You can draw sums up to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always need to have any money in your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Choicetrade will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are choosing to withdraw in.
Choicetrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Choicetrade. An inactivity fee is an amount charged to registered dealers that haven't participated in purchasing or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee differs from 1 broker to another and is not generalized. If a dealers account does not have a buying or selling transaction, it is claimed by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had consented while enrolling.
Choicetrade doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees have been implied by Choicetrade, it's best for you to close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to many conditions and should be revealed clearly by the agent beforehand.
Choicetrade Review - Deposit Fees Explained
When you transfer money in your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don't 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 simple. You just need to complete a single-user profile survey to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit large amounts.
Choicetrade Review - Compare Broker Deposit Methods
What Can You Trade With Choicetrade?
Note: Choicetrade provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different depending 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 currency pairs.
Compare Choicetrade, questrade, nsfx & amarkets below.
Reviewing The Choicetrade Mobile App
Note: Choicetrade's mobile app has a lot of functions and is being constantly developed. The below information was correct at the time of writing this Choicetrade review.
Understand the capabilities of the mobile apps of Choicetrade, questrade, nsfx & amarkets below.
Alternatives To Choicetrade
If, after reading this Choicetrade review, they do not meet your needs check out these Choicetrade alternatives.
We've scoured the web to find the best alternatives to Choicetrade. Click on the hyperlinks below to learn more.
Frequently Asked Questions about Choicetrade
Can I try Choicetrade before I buy?
Yes, you can most certainly try Choicetrade before you buy. Choicetrade offers demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on Choicetrade, you will set out with a decent amount of virtual currency. It's to establish a sense of safety and confidence in you before you choose to spend your own money.
With this virtual Choicetradedemo account, you are able to experiment at all, to whatever period you desire. You can even start positions, examine different trading strategies, and more.
Choicetrade specifies on its official website that you are able to trade real time stocks in a demo account.
Is Choicetrade safe?
It is possible to drop all your worries since we believe that Choicetrade is totally safe to use. It is in compliance with all the principles of Unregulated.
Nevertheless, Choicetrade does not 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 account with Choicetrade is $250. You should have a good understanding of the details 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 multiple ways to finance your account with Choicetrade. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal is not available in every place. The monies Choicetrade
Is my money safe with Choicetrade?
Yes, your cash is safe and protected with Choicetrade. As you already know, Choicetrade operates with good conformation to. It has established lots of measures to guard all of its own investors.
Choicetrade protects its clients' personal and sensitive information 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 access your accounts.
Is Choicetrade trading good?
Yes, trading via Choicetrade is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a huge collection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does Choicetrade support?
Choicetrade operates across the world. However, due to regulations there are some countries that Choicetrade does not accept clients resident in BR, KR, IR, IQ, SY, JP, US
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 an excellent broker, and its own users can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean layout of the platform and the commendable features 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 currently among the business leaders. It has over 10,000+ registered customers and over 12 years of experience on its record. They're among the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so that you can put money into 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 earn a lot of cash. But on average, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial number of gains. While Choicetrade provide you all the tools to earn money, they can't guarantee that you will profit.
Does Choicetrade have fees?
Yes. To start trading using Choicetrade, you have to deposit $250. Particular commissions while trading also apply. Any processing fees from your bank might need 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 globally recognised agent with 10,000+ clients.
Where is the Choicetrade head office?
Choicetrade has its head office in United States
Does Choicetrade offer negative balance protection?
Does Choicetrade offer guaranteed stop loss?Choicetrade regrettably, doesn't offer guaranteed stop loss. Choicetrade gives a chance to its traders to close their trades in their given price. Apart from this, Choicetrade doesn't offer guaranteed stop loss.
Does Choicetrade allow scalping?Yes, Choicetrade do permit scalping. Several traders throughout the world select Choicetrade for their services that are trading. They offer trading on cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . which let 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?
Yes, Choicetrade accepts bank transfers for depositing money.
Does Choicetrade accept credit cards?
Yes, Choicetrade accepts credit cards for depositing money.
Does Choicetrade accept PayPal?
No, Choicetrade does not accept PayPal.
Does Choicetrade accept Skrill?
No, Choicetrade does not accept Skrill.
Does Choicetrade accept Payoneer?
Yes, Choicetrade accepts Payoneer for depositing money.
Does Choicetrade accept Neteller?
No, Choicetrade does not accept Neteller.
Does Choicetrade offer Live Chat customer support?
Yes, Choicetrade offers customer support through live chat.
Does Choicetrade offer phone customer support?
Yes, Choicetrade offers customer support over the telephone.
Does Choicetrade offer email customer support?
Yes, Choicetrade offers customer support through email.
What languages can Choicetrade communicate in?
Choicetrade has the ability to communicate and support customers who speak: English, and Chinese
Does Choicetrade have a wikipedia page?
No, Choicetrade does not have an official wikipedia page.
Does Choicetrade offer demo accounts?
Yes, Choicetrade offers virtual portfolio accounts so you can learn their systems before risking any real money. New traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of Choicetrade's features before getting a live account.