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 are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you need to select the ideal broker who will be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. Choicetrade is just one such platform which will take you and your investment into great heights. It's important that you understand about Choicetrade before you trust them with your cash.
Our entire Choicetrade Review covers all you need to know about trading with Choicetrade. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to make profits, you should trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you select them. It's a common misconception that all agents are exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
Choicetrade is a broker which has forged its way successfully to the brokerage world. In this review, we have attempted to collate some of the vital aspects of Choicetrade. This review will help you to understand whether Choicetrade is a fantastic fit for your investments or not. We have attempted to breakdown all the qualities and charges 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?
- 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 tools for trading. Since its establishment in 2009, Choicetrade has emerged as a top-tier player in the field of online brokerage. Choicetrade has a highly competitive and full-featured trading website that is focused on forex, indices, metals, sharesand commodities.
Over the past 12 years, Choicetrade has grown into one of the leading online brokers.
After launching in 2009, their customer base has become as big as 10,000+ clients.
Choicetrade is a favorite for many dealers.. Our Choicetrade review found that they're an excellent choice for automated trading solutions. They're most appropriate for investors that are searching 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 fair, transparent, and a well-regulated broker by the Unregulated. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Choicetrade is very insightful for new dealers since it permits them to get a closer look at the financial markets. Choicetrade caters to all sorts of traders and are a must-have broker for any well-diversified method of online 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.
Everything you ought to know about trading using Choicetrade
Choicetrade is a lively platform that offers various procedures of online trading. These tools cover the financial markets considerably. The Majority of the brokerage platforms offer less procedures than Choicetrade
If you wish to trade with Choicetrade, you'll need a minimum deposit of $250. This deposit is mandatory if you would like to begin trading using Choicetrade. This 2021 Choicetrade review will direct you safely about trading with them.
Choicetrade is as flexible as another brokerage platform. Choicetrade is great for traders who want a manageable variety of cheap services. The platforms supplied by Choicetrade are third-party, white-label offerings. All traders can pick out of cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary ..
Along with everything, Choicetrade has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept open. The agents provide premium customer service which rewards customers with advantages.
Many unethical brokers try to pressurise consumers into larger financing for superior services. Choicetrade, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further advantages will come along.
Choicetrade accounts are available globally and provides quality service everywhere they have clients. There are only a 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?
Established in 2006, Choicetrade has been open for 12 years, they are headquarted in United States.
Choicetrade is regulated by Unregulated. These figures have rules that mandate that trading platforms have steps in place to maintain investor's assets procured. This usually means that Choicetrade users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Choicetrade for heightened safety. An SMS for the confirmation code will be sent to a phone. You'll be asked to enter this code to log into your accounts.
Another concern with fiscal brokers with regards to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With Choicetrade
Every online trading platform has 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
|Choicetrade||PaxForex||Zacks Trade||DF Markets|
|Headquarters||United States||Saint Vincent and the Grenadines||United States||UK|
|Regulated By||Unregulated||Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825||Unregulated||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||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 company, has a powerful set of rules for ensuring fair trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization'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 that you need to begin on Choicetrade is $250. This is an adequate amount for those just starting out. You can create more advanced residue as you cooperate. But, make certain that you know how to make the most of your cash before investing larger amounts.
Choicetrade Review - Commission And Fees Explained
Choicetrade is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of fees for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, Choicetrade doesn't charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees billed by Choicetrade are relatively greater. Consequently, you're charged more for non-trading activities in your trading account, like withdrawal and deposits. These aren't 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
|Choicetrade||PaxForex||Zacks Trade||DF Markets|
|Deposit Fees||No for deposits over $300||variable|
Choicetrade Review - Withdrawal Fees ExplainedChoicetrade doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from the Choicetrade account. You can draw sums up to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily need to have any money in your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Choicetrade will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.
Choicetrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head when open an account with Choicetrade. An inactivity fee is an amount charged to registered traders that haven't engaged in buying or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and isn't generalized. If a dealers account does not have a purchasing or selling trade, it is maintained by the agent as an inactivity fee. The traders have to pay this commission under conditions and terms they had agreed while registering.
Choicetrade doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by Choicetrade, it is better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the broker beforehand.
Choicetrade Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of 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 have to finish a single-user profile survey to start depositing money into your trading account. You'll have to provide an identity evidence and proof of residency to deposit large amounts.
Choicetrade Review - Compare Broker Deposit Methods
|Choicetrade||PaxForex||Zacks Trade||DF Markets|
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 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 forex pairs is of interest to you then Choicetrade offer over forex pairs.
Compare Choicetrade, PaxForex, Zacks Trade & DF Markets below.
Alternatives To Choicetrade
If, after studying this Choicetrade review, Choicetrade does not fulfill your needs check out these Choicetrade alternatives.
We have scoured the web to find the best alternatives to Choicetrade. Click on the links below to learn 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 convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up to get a demonstration account on Choicetrade, you may set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you decide to invest your own money.
With this virtual Choicetradedemo account, you can experiment at all, to whatever period you wish. You can even open positions, examine different trading strategies, and more.
Choicetrade specifies on its official website that you can exchange real time stocks with your 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 all the principles of Unregulated.
Even so, 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 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 ways to fund your accounts with Choicetrade. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards Which range 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 isn't available in every country. 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 guard all of its investors.
Choicetrade protects its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation that you get your accounts.
Is Choicetrade trading good?
Yes, trading through Choicetrade is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could even obtain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
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 globe. However, due to regulations there are some countries that Choicetrade cannot accept clients from
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 it. The highlight of this platform is its fast order execution on transactions.
You'll find the clean layout of this platform along with the commendable 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 currently one of the industry leaders. It supports over 10,000+ registered users and over 12 years of expertise on its record. They're one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide range of resources plus tools so you can 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 earn a lot of cash. But typically, through continual trading, you also can create between 2% - 10% profit a month.
This can look like a small number, but within the year, this adds to a substantial number of gains. While Choicetrade provide you all of the tools to earn money, they cannot guarantee you will profit.
Does Choicetrade have fees?
Yes. To start trading using Choicetrade, you have to deposit $250. Certain commissions while trading additionally applies. 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 worldwide 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?
No. Choicetrade does not provide negative balance protection. If your balance is negative, Choicetrade indicates that you promptly contact client services. With this, you are able to fix any imbalances in your own account.
Does Choicetrade offer guaranteed stop loss?Choicetrade regrettably, does not offer guaranteed stop loss. Choicetrade provides an opportunity to its dealers to close their trade at their specified price. Apart from that, Choicetrade does not offer guaranteed stop loss.
Does Choicetrade allow scalping?Yes, Choicetrade do allow 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 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.