Bridges Financial Services
Choicetrade
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Overview
Bridges Financial Services was founded in 2014 and is headquartered in Australia, while Choicetrade was established in 2009 and is based in United States. Bridges Financial Services holds licences including ABN 60 003 474 977, while Choicetrade is regulated by Unregulated among others. Bridges Financial Services serves 10,000+ clients worldwide; Choicetrade has 10,000+. The minimum deposit is $100 at Bridges Financial Services and $250 at Choicetrade.
| Feature | Bridges Financial Services | Choicetrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | ABN 60 003 474 977, AFSL No. 240837 | Unregulated |
| Founded | 2014 | 2009 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bridges Financial Services and Choicetrade, directly affecting your bottom line as a trader. Bridges Financial Services has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Choicetrade). Both brokers charge withdrawal fees. Bridges Financial Services charges deposit fees; Choicetrade does not. Overall, Bridges Financial Services scores higher on fees in our assessment.
| Feature | Bridges Financial Services | Choicetrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Bridges Financial Services offers MT4, MT5, cTrader, while Choicetrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bridges Financial Services supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Bridges Financial Services | 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, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bridges Financial Services and Choicetrade compare. Bridges Financial Services runs regular live webinars; Choicetrade does not. Bridges Financial Services has a video library; Choicetrade does not. Bridges Financial Services publishes daily market commentary; Choicetrade does not. Bridges Financial Services integrates third-party research tools (Trading Central, Autochartist); Choicetrade does not. Bridges Financial Services maintains an archive of past webinars for on-demand viewing. Bridges Financial Services scores higher overall in education and research.
| Feature | Bridges Financial Services | Choicetrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bridges Financial Services 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 | Bridges Financial Services | 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 Bridges Financial Services 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 | Bridges Financial Services | Choicetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |