ChoiceTrade Review for 2019

ChoiceTrade Rated 3/5
ChoiceTrade have a low rating. We recommend you look at one of their alternative brokers.
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ChoiceTrade Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ChoiceTrade we break down the pros and cons. What ChoiceTrade are able to offer, what countries ChoiceTrade are available in. Who ChoiceTrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ChoiceTrade

  • Regulated by: Unregulated
  • Headquarters Country : United States
  • Foundation year 2009
  • Min Deposit Fee : 250
  • Used by over 10,000 traders
  • ChoiceTrade is not available in the following countries :
Open ChoiceTrade's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to ChoiceTrade

With this review we hope to help you see if ChoiceTrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ChoiceTrade that will help you get off to a good start in the world of online trading.

ChoiceTrade Review Table of Contents

ChoiceTrade what you should know

ChoiceTrade offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With ChoiceTrade you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with ChoiceTrade platform.

ChoiceTrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are ChoiceTrade safe?

When choosing a broker like ChoiceTrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 10 years ChoiceTrade have a head office in United States.

ChoiceTrade is regulated. This means ChoiceTrade are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ChoiceTrade, this will be honored. If ChoiceTrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to ChoiceTrade accounts by traders are held in a segregated bank account.

For added security ChoiceTrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ChoiceTrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ChoiceTrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about ChoiceTrade

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by Unregulated
  • Min. deposit from $250

What we don't like about ChoiceTrade

ChoiceTrade General Fees

  • ChoiceTrade withdrawal fees varies on payment method
  • ChoiceTrade does charge inactivity fees

ChoiceTrade Commissions

  • ChoiceTrade does charge commission on CFD shares.

What can you trade with ChoiceTrade?

You can trade a wide variety of instruments with ChoiceTrade over 73 instruments infact.

If you are looking at trading currency pairs ChoiceTrade offer over currency pairs.

Compare ChoiceTrade with eToro and XTB below.

Your capital is at risk

FX / Currencies choicetrade eToro XTB
Forex pairs offered 50 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs No Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs ChoiceTrade eToro XTB
Commodities offered 0 21
Metals No Yes Yes
Energies No Yes Yes
Agricultural NO Yes Yes
Indiced & Stock CFDs ChoiceTrade eToro XTB
Stocks offered 957 1696
UK Shares No Yes Yes
US Shares NO Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
choicetrade
Instruments
eToro
Instruments
XTB
Instruments

Trading on ChoiceTrade web platforms and other applications

ChoiceTrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

ChoiceTrade is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

ChoiceTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See choicetrade's platforms

ChoiceTrade Trading benefits :

  • Low min deposit

ChoiceTrade Trading Accounts Offered :

  • Demo account
  • Mini account

Can I try ChoiceTrade before I buy?

ChoiceTrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do ChoiceTrade accept?

ChoiceTrade offer the below funding payment methods. learn more about ChoiceTrade

  • Credit cards

How can I start trading with ChoiceTrade?

When opening a trading account with ChoiceTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ChoiceTrade trading platforms here.

Performing trades with ChoiceTrade

ChoiceTrade allow you to execute a minimum of trade of $5. This may vary depending on the account you open. ChoiceTrade allow you to execute a maxium trade of varies.

As a market maker, ChoiceTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at ChoiceTrade

To trade effectively with ChoiceTrade, it's important to get a have a good understanding of the XTB trading tools and the markets.

ChoiceTrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ChoiceTrade.

Take time to look around the ChoiceTrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at ChoiceTrade

ChoiceTrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with ChoiceTrade

As ChoiceTrade is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ChoiceTrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ChoiceTrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.choicetrade.com/ on 12th August 2018.

ChoiceTrade not quite right?

Check out these ChoiceTrade Alternatives

We have spent years researching the best alternatives to ChoiceTrade. Click the links below to learn more.

If you feel some of the above ChoiceTrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ChoiceTrade alternatives below.

Related ChoiceTrade Comparisons

If you would like to see how ChoiceTrade stands up against other brokers you can read some of our ChoiceTrade comparisons below. We compare side by side some of our top rated ChoiceTrade versus comparisons. Read some indepth ChoiceTrade VS pages below.

CHOICETRADE Frequently Asked Questions

Can I try ChoiceTrade before I buy?

ChoiceTrade offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ChoiceTrade accept?

ChoiceTrade offer the following funding payment methods accept Credit cards, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with ChoiceTrade?

When opening a trading account with ChoiceTrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ChoiceTrade trading platforms here.

Is my money safe with ChoiceTrade?

ChoiceTrade is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like ChoiceTrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ChoiceTrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.