Choicetrade
Uphold
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Uphold was established in 2013 and is based in United States. Choicetrade holds licences including Unregulated, while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Choicetrade serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $250 at Choicetrade and $1 at Uphold.
| Feature | Choicetrade | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Unregulated | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2009 | 2013 |
| Country | United States | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $250 at Choicetrade). Choicetrade charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. Overall, Uphold scores higher on fees in our assessment.
| Feature | Choicetrade | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Choicetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Choicetrade | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Uphold compare. Uphold runs regular live webinars; Choicetrade does not. Uphold has a video library; Choicetrade does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | Choicetrade | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Choicetrade | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Choicetrade offers phone support; Uphold does not. Email support is available at both brokers. Choicetrade supports 2 languages and Uphold supports 1, giving Choicetrade broader global reach. Choicetrade scores higher overall on customer support in our assessment.
| Feature | Choicetrade | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |