Choicetrade
Interactive Investor
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Interactive Investor was established in 1995 and is based in UK. Choicetrade holds licences including Unregulated, while Interactive Investor is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; Interactive Investor has 10,000+. The minimum deposit is $250 at Choicetrade and $1 at Interactive Investor.
| Feature | Choicetrade | Interactive Investor |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2009 | 1995 |
| Country | United States | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and Interactive Investor, directly affecting your bottom line as a trader. Interactive Investor has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Choicetrade). Choicetrade charges withdrawal fees while Interactive Investor does not, a notable advantage for frequent withdrawers. Interactive Investor applies inactivity fees on dormant accounts; Choicetrade does not. Overall, Interactive Investor scores higher on fees in our assessment.
| Feature | Choicetrade | Interactive Investor |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Interactive Investor supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Interactive Investor supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Choicetrade | Interactive Investor |
|---|---|---|
| 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 . | Web Trader, ProTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Interactive Investor compare. Interactive Investor has a video library; Choicetrade does not. Interactive Investor integrates third-party research tools (Autochartist); Choicetrade does not. Interactive Investor scores higher overall in education and research.
| Feature | Choicetrade | Interactive Investor |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
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 Interactive Investor supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Choicetrade | Interactive Investor |
|---|---|---|
| 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 Interactive Investor 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 | Interactive Investor |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |