Choicetrade
Startrader
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Startrader was established in 2011 and is based in Hong Kong. Choicetrade holds licences including Unregulated, while Startrader is regulated by Financial Conduct Authority (FCA) among others. Choicetrade serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $250 at Choicetrade and $50 at Startrader.
| Feature | Choicetrade | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2009 | 2011 |
| Country | United States | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between Choicetrade and Startrader, directly affecting your bottom line as a trader. Choicetrade has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Startrader). Both brokers charge withdrawal fees. Overall, Startrader scores higher on fees in our assessment.
| Feature | Choicetrade | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. Choicetrade offers a mobile trading app; mobile availability for Startrader is limited. Startrader supports social and copy trading features, which Choicetrade does not offer. Choicetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Choicetrade | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Startrader compare. Startrader runs regular live webinars; Choicetrade does not. Startrader has a video library; Choicetrade does not. Startrader publishes daily market commentary; Choicetrade does not. Startrader integrates third-party research tools (Trading Central, Autochartist); Choicetrade does not. Startrader maintains an archive of past webinars for on-demand viewing. Startrader scores higher overall in education and research.
| Feature | Choicetrade | Startrader |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Choicetrade | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Choicetrade and Startrader 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 | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |