Choicetrade
Forex.com
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Forex.com was established in 2001 and is based in United States. Choicetrade holds licences including Unregulated, while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $250 at Choicetrade and Typical at Forex.com.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| Min. Deposit | $250 | Typical |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2009 | 2001 |
| Country | United States | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and Forex.com, directly affecting your bottom line as a trader. Choicetrade has a lower barrier to entry with a minimum deposit of $250 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Forex.com applies inactivity fees on dormant accounts; Choicetrade does not. Forex.com charges deposit fees; Choicetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| Min. Deposit | $250 | Typical |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| MT4 | Yes | Yes |
| 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 . | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Forex.com compare. Forex.com runs regular live webinars; Choicetrade does not. Forex.com has a video library; Choicetrade does not. Forex.com publishes daily market commentary; Choicetrade does not. Forex.com integrates third-party research tools (Trading Central); Choicetrade does not. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| 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 Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. Choicetrade supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Choicetrade | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |