Abshire Smith
Choicetrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Abshire Smith was founded in 1997 and is headquartered in United kingdom, while Choicetrade was established in 2009 and is based in United States. Abshire Smith holds licences including Financial Conduct Authority (FCA), while Choicetrade is regulated by Unregulated among others. Abshire Smith serves 10,000+ clients worldwide; Choicetrade has 10,000+. The minimum deposit is $500 at Abshire Smith and $250 at Choicetrade.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1997 | 2009 |
| Country | United kingdom | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Abshire Smith and Choicetrade, directly affecting your bottom line as a trader. Choicetrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Abshire Smith). Choicetrade charges withdrawal fees while Abshire Smith does not, giving Abshire Smith an edge for frequent withdrawers. Abshire Smith charges deposit fees; Choicetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Abshire Smith offers MT4, MT5, cTrader, while Choicetrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Abshire Smith supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Abshire Smith and Choicetrade compare. The two brokers are evenly matched on educational content.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Abshire Smith accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Choicetrade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Abshire Smith and Choicetrade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Abshire Smith | Choicetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |