Choicetrade
Fidelity
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Fidelity was established in 2008 and is based in USA. Choicetrade holds licences including Unregulated, while Fidelity is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; Fidelity has 10,000+. The minimum deposit is $250 at Choicetrade and $100 at Fidelity.
| Feature | Choicetrade | Fidelity |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) |
| Founded | 2009 | 2008 |
| Country | United States | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and Fidelity, directly affecting your bottom line as a trader. Fidelity has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Choicetrade). Choicetrade charges withdrawal fees while Fidelity does not, a notable advantage for frequent withdrawers. Fidelity applies inactivity fees on dormant accounts; Choicetrade does not. Overall, Fidelity scores higher on fees in our assessment.
| Feature | Choicetrade | Fidelity |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Fidelity supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Fidelity supports social and copy trading features, which Choicetrade does not offer. Choicetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Choicetrade | Fidelity |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Fidelity compare. Fidelity runs regular live webinars; Choicetrade does not. Fidelity has a video library; Choicetrade does not. Fidelity publishes daily market commentary; Choicetrade does not. Fidelity integrates third-party research tools (Trading Central); Choicetrade does not. Fidelity maintains an archive of past webinars for on-demand viewing. Fidelity scores higher overall in education and research.
| Feature | Choicetrade | Fidelity |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Choicetrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Fidelity supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Choicetrade | Fidelity |
|---|---|---|
| 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 Choicetrade and Fidelity 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 | Choicetrade | Fidelity |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |