Choicetrade
SpreadCo
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while SpreadCo was established in 2005 and is based in London. Choicetrade holds licences including Unregulated, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $250 at Choicetrade and $100 at SpreadCo.
| Feature | Choicetrade | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2005 |
| Country | United States | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Choicetrade). Both brokers charge withdrawal fees. SpreadCo charges deposit fees; Choicetrade does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | Choicetrade | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Choicetrade offers MT4, MT5, cTrader, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. SpreadCo supports social and copy trading features, which Choicetrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Choicetrade | SpreadCo |
|---|---|---|
| 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, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and SpreadCo compare. SpreadCo has a video library; Choicetrade does not. SpreadCo integrates third-party research tools (Autochartist); Choicetrade does not. SpreadCo scores higher overall in education and research.
| Feature | Choicetrade | SpreadCo |
|---|---|---|
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Choicetrade | SpreadCo |
|---|---|---|
| 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 SpreadCo 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 | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |