ChoiceTrade is a Multi-Assets Trading Platform with over 73+ Assets
ChoiceTrade trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.
Features of ChoiceTrade
- Virtual Portfolio, or what is commonly known as a Demo Account
- Social Trading available
- Copy Trading available
- ChoiceTrade offers Advanced Financial Chart comparison tools
- ChoiceTrade offers Research-backed analysis on financial markets and investments from top analysts
- The ChoiceTrade platform is available to use on multiple devices including and online through a Web Browser.
- ChoiceTrade offers a trading platform with tools for both New Traders and Seasoned Experts
- ChoiceTrade users benefit from using the ChoiceTrade platform in over 15 different languages
What you should know
ChoiceTrade offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the ChoiceTrade trading platform depends on the region of the world, you are in and the ChoiceTrade entity you have an account.
ChoiceTrade are able to accommodate various levels of traders whether you are experienced or a beginner.
Are ChoiceTrade safe?
When considering ChoiceTrade for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as ChoiceTrade, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2009, and in operation for 15 years ChoiceTrade have a head office in United States.
ChoiceTrade is not regulated. This means ChoiceTrade are not supervised by any regulatory bodies.
ChoiceTrade withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like ChoiceTrade are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. ChoiceTrade are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of ChoiceTrade and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. ChoiceTrade has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, ChoiceTrade will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like ChoiceTrade, you can enjoy peace of mind and focus on your trading activities.
Your capital is at risk
Is my money safe with ChoiceTrade?
All payments made to ChoiceTrade by traders are securely held in a segregated bank account.
ChoiceTrade uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should ChoiceTrade use them?
ChoiceTrade partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their ChoiceTrade clients' funds.
ChoiceTrade clients can have greater confidence in their financial security when working with a Tier 1 bank because ChoiceTrade are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in ChoiceTrade deposited in a Tier 1 bank?
Depositing funds with ChoiceTrade ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if ChoiceTrade were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that ChoiceTrade is a secure and safe platform.
Please be aware that trading in financial assets with ChoiceTrade carries a risk of loss. ChoiceTrade trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
ChoiceTrade emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about ChoiceTrade, let's closely examine its features.
To better understand the ChoiceTrade trading platform, you can create two separate accounts - one with real money and the other a ChoiceTrade demo account. A ChoiceTrade demo account provides a risk-free environment for experimenting with the ChoiceTrade platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in ChoiceTrade trading decisions.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How ChoiceTrade as a Company Compare Against Other Brokers
|Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
|RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
|FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
|10,000+ ChoiceTrade users
|180,000+ IC Markets users
|1,000,000+ Roboforex users
|30,000,000+ eToro users
|Negative balance protection
|Guaranteed Stop Loss
|Visit IC Markets
|Your capital is at risk
|Losses can exceed deposits
|Losses can exceed deposits
|76% of retail investor accounts lose money when trading CFDs with this provider.
ChoiceTrade Pros and Cons
ChoiceTrade Regulation and Licensing in more detail
The online broker ChoiceTrade is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with ChoiceTrade, you may not receive adequate help or recourse.
Is ChoiceTrade Global?
Yes, ChoiceTrade is global as ChoiceTrade is available in over 194 countries.
ChoiceTrade is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries ChoiceTrade covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. ChoiceTrade has a total of more than 10,000 users.
ChoiceTrade Fees Explained
- ChoiceTrade withdrawal fees varies on payment method
- ChoiceTrade does charge a fee for inactive accounts.
- ChoiceTrade does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from ChoiceTrade are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
ChoiceTrade Costs To Check
Modern brokers like ChoiceTrade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ChoiceTrade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ChoiceTrade trading profitability.
How ChoiceTrade Fees Compare Against Other Brokers
|CFD Commission Fees
ChoiceTrade Minimum Deposit
ChoiceTrade requires a minimum deposit of 250 GBP/USD/EUR when opening an ChoiceTrade trading account.
A minimum deposit is the minimum amount of money required by ChoiceTrade to open a new online brokerage account with them.
Don't be scared off by brokers like ChoiceTrade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like ChoiceTrade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
ChoiceTrade Withdrawal Fees
The fees for withdrawing funds from your ChoiceTrade account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your ChoiceTrade withdrawal request is important.
ChoiceTrade Withdrawal rules may vary across different brokers when it comes to transferring funds from your ChoiceTrade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ChoiceTrade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the ChoiceTrade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ChoiceTrade. Researching and comparing ChoiceTrade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ChoiceTrade funds frequently or dealing with large sums of money. Awareness of these ChoiceTrade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ChoiceTrade funds.
For example, ChoiceTrade allows you to withdraw your funds to Credit cards, Debit Cards, Bank Transfer.
ChoiceTrade Inactivity Fees
ChoiceTrade does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ChoiceTrade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all ChoiceTrade fees and services. It's recommended that you check the ChoiceTrade website before signing up. If you decide to close your ChoiceTrade account, it's important to do so with the ChoiceTrade broker customer support and obtain confirmation that no remaining ChoiceTrade fees are due.
Brokers like ChoiceTrade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
ChoiceTrade Deposit Fees
ChoiceTrade do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
ChoiceTrade Commission Fees
ChoiceTrade does charge commission on CFD instruments.
Brokerage firms like ChoiceTrade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ChoiceTrade trading account level held by the trader.
ChoiceTrade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ChoiceTrade terms and conditions to understand the commission fees and any other charges that may apply is essential.
What can you trade with ChoiceTrade?
It's essential to note that the trading instruments offered under the ChoiceTrade brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the ChoiceTrade trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with ChoiceTrade over 73 instruments in fact.
If you want to trade currency pairs on global Forex markets, ChoiceTrade offer over currency pairs.
ChoiceTrade Compared To Other Brokers
How ChoiceTrade Trading Options Compare Against Other Brokers
|cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary .
|MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android
|MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
|Web Trader, Tablet & Mobile apps
|FX / Currencies
|Forex pairs offered
|Major Forex pairs
|Minor Forex pairs
|Exotic Forex pairs
|Cryptocurrencies (availability subject to regulation)
|Indiced & Stock CFDs
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Losses can exceed deposits
76% of retail investor accounts lose money when trading CFDs with this provider.
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 trading apps help you stay on top of your trades and execute them on the go.See ChoiceTrade's platforms
Is the ChoiceTrade Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the ChoiceTrade trading platform to protect you on PC and mobile ChoiceTrade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ChoiceTrade web trading platforms.
ChoiceTrade Trading Platform Options
After logging into your ChoiceTrade account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that ChoiceTrade does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
Let's explore each of these trading platforms in detail and what options ChoiceTrade gives you.
ChoiceTrade MetaTrader 4 (MT4)
ChoiceTrade MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on ChoiceTrade offers traders comprehensive features and tools to enhance their trading performance. The ChoiceTrade MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the ChoiceTrade platform to their needs. One of the standout features of MT4 is its charting functionality, which allows ChoiceTrade traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give ChoiceTrade traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 ChoiceTrade trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the ChoiceTrade MetaTrader 4 (MT4) trading platform. MT4 is a platform available with ChoiceTrade, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The ChoiceTrade MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. ChoiceTrade allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with ChoiceTrade in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. ChoiceTrade MetaTrader 4 is compatible with the latest macOS. ChoiceTrade allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on ChoiceTrade
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade ChoiceTrade MetaTrader 4 on iOS Devices
You can download the ChoiceTrade app or trade with ChoiceTrade through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. ChoiceTrade customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade ChoiceTrade MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and ChoiceTrade offers its clients access to the MetaTrader 4 platform on these devices. With the ChoiceTrade MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing ChoiceTrade traders to stay on top of their trades and react quickly to changes in the market. With the ChoiceTrade MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade ChoiceTrade MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on ChoiceTrade are a powerful bundle of three major indicators designed to help traders make informed decisions. ChoiceTrade MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help ChoiceTrade traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing ChoiceTrade traders to potentially stay one step ahead.
ChoiceTrade MetaTrader 4 Advanced Trading Tools
The ChoiceTrade MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give ChoiceTrade traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, ChoiceTrade provides traders with everything they need to succeed. The ChoiceTrade MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing ChoiceTrade traders to analyze the market at any level of complexity.
Trade ChoiceTrade MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
ChoiceTrade MetaTrader 4 AutoChartist
Autochartist on the ChoiceTrade platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for ChoiceTrade MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, ChoiceTrade traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save ChoiceTrade users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. ChoiceTrade traders can navigate the platform and find the information they need to make informed trading decisions.
ChoiceTrade Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for ChoiceTrade traders of all experience levels.
ChoiceTrade cTrader In Detail
ChoiceTrade cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.
ChoiceTrade offers cTrader Premium Charting and Manual Trading Platform
ChoiceTrade cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, ChoiceTrade level II pricing, and fast execution. The ChoiceTrade cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for ChoiceTrade traders.
cTrader Copy available on ChoiceTrade
ChoiceTrade cTrader Copy empowers everyone on the ChoiceTrade platform to share their investment and trading strategies for a fee or commission. ChoiceTrade cTrader users can search and replicate the approaches available when investing. Furthermore, ChoiceTrade traders can use their risk management configurations.
cTrader Automate available on ChoiceTrade
cTrader Automate allows ChoiceTrade traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the ChoiceTrade cTrader IDE, which allows developers to optimize and test their financial robots.
cTrader Open API available on ChoiceTrade
Build your ChoiceTrade trading software using cTraders Open API. It is a free, secure and publicly available API for all. ChoiceTrade developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows ChoiceTrade trading developers to interact and interface with any ChoiceTrade cTrader account.
ChoiceTrade Trading benefits
- ChoiceTrade Low min deposit
ChoiceTrade Trading Accounts Offered
Below we give an overview of the account types that ChoiceTrade offer. Whatever you are looking to trade, the varying ChoiceTrade account types will be able to provide you with what you need.
- ChoiceTrade Demo account
- ChoiceTrade Mini account
Can I try ChoiceTrade?
ChoiceTrade provides a demo account that enables individuals to explore trading before investing their funds. By creating a ChoiceTrade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ChoiceTrade demo account can help individuals to make informed decisions before investing their money.
Your capital is at risk
ChoiceTrade withdrawal and funding methods
It's essential to remember that the payment methods provided by ChoiceTrade vary based on the ChoiceTrade entity and the ChoiceTrade client's country of residence. To view the ChoiceTrade payment options available, you can log into your ChoiceTrade member's area.
ChoiceTrade offers various funding payment methods listed in your ChoiceTrade dashboard if available in your region. To learn more about the ChoiceTrade funding and withdrawal options available in your area, you can explore the ChoiceTrade website.ChoiceTrade provides several payment methods for funding your ChoiceTrade account. You may utilize any of these deposit options if they are available in your region. ChoiceTrade ensures that users have multiple payment methods to choose from, making it more convenient for verified ChoiceTrade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ChoiceTrade user's location. learn more about ChoiceTrade funding and withdrawal methods.
ChoiceTrade Payment MethodsSome ChoiceTrade payment methods are local and are available only to specific regions. ChoiceTrade account holders should check which payment methods are provided in your region.
- ChoiceTrade accepts Credit cards
- ChoiceTrade accepts Debit Cards
- ChoiceTrade accepts Bank Transfer
*please note available ChoiceTrade and other broker payment methods depend on the clients country of residence.
How can I start trading with ChoiceTrade?
To open a trading account with ChoiceTrade, individuals can sign up on the ChoiceTrade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for ChoiceTrade account validation and making a deposit. Once completed, ChoiceTrade users can download the trading platform of their choice.
It's important to note that ChoiceTrade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ChoiceTrade maintain a trustworthy financial environment for its 10,000 users. Detailed information on the ChoiceTrade trading platforms is available on their website.
Your capital is at risk
Performing trades with ChoiceTrade
When using ChoiceTrade, the minimum trade size is typically $5 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. ChoiceTrade have a max trade of varies.
ChoiceTrade, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like ChoiceTrade can be useful for traders starting or with limited capital.
Like other brokers, ChoiceTrade margin requirements can differ depending on the traded instrument.
CFD Trading on ChoiceTrade
We will show you an example of the basics of using ChoiceTrade leverage.
CFD trading on ChoiceTrade allows traders to speculate on the price movements of various financial instruments against the broker ChoiceTrade, without actually owning real assets. With CFDs, ChoiceTrade traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
ChoiceTrade provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, ChoiceTrade leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ChoiceTrade trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ChoiceTrade leverage magnifies both profits and losses in trading.
Trading CFD trades on the ChoiceTrade platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced ChoiceTrade traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at ChoiceTrade
To trade effectively with ChoiceTrade, it's important to have a good understanding of the ChoiceTrade trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ChoiceTrade and externally.
ChoiceTrade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ChoiceTrade. Familiarizing yourself with the ChoiceTrade trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using ChoiceTrade. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ChoiceTrade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like ChoiceTrade, and risk management techniques can help you become a more confident and successful trader.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ChoiceTrade, before live trading.
Customer Support at ChoiceTrade
As part of our ChoiceTrade review, we review customer service options, response times and problem resolution effectiveness on the ChoiceTrade trading platform. The ChoiceTrade trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
ChoiceTrade Available Support Types
Based on our experience, we have given ChoiceTrade a D grade for customer support. We encountered some slow response times or ChoiceTrade queries that were left unanswered.
Compared to other brokers, ChoiceTrade offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.
Livechat Support at ChoiceTrade
Our team tested the live chat support of ChoiceTrade and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested ChoiceTrade support services in various countries and languages and found that ChoiceTrade were able to effectively resolve our customer issues.
Email Support at ChoiceTrade
We tested the email support of ChoiceTrade by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any ChoiceTrade response.
The ChoiceTrade team did resolve and answer our queries, but the email support from ChoiceTrade was overall average compared to other brokers we have tested.
Phone Support at ChoiceTrade
We contacted ChoiceTrade via phone and received quick assistance within 10 minutes of our call.
The ChoiceTrade phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by ChoiceTrade and found that they could assist us in various languages.
While we found the ChoiceTrade phone support satisfactory, there is room for improvement in response time.
See how ChoiceTrade Support Compares Against Other Brokers
|English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
|English, German, Spanish, French, Italian
|Visit IC Markets
|Your capital is at risk
|Losses can exceed deposits
|Losses can exceed deposits
|76% of retail investor accounts lose money when trading CFDs with this provider.
What you will need to open an account with ChoiceTrade
As ChoiceTrade is regulated by Unregulated.
As a new client of ChoiceTrade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ChoiceTrade in your region. During the ChoiceTrade account opening process, you will be asked to provide ChoiceTrade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with ChoiceTrade have the following documents available.
- ChoiceTrade require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for ChoiceTrade compliance. This must be dated within the last six months.
- If you plan to fund your ChoiceTrade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ChoiceTrade platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under ChoiceTrade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ChoiceTrade's platform.
However, remember that you won't be able to make trades on ChoiceTrade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ChoiceTrade KYC compliance process as soon as possible to avoid any delays in accessing the ChoiceTrade platform's features.
It is important to note that ChoiceTrade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ChoiceTrade platform and features immediately. However, you must pass the verification process to start live trading with ChoiceTrade, which can take up to a few business days.
To start the process of opening an account with ChoiceTrade you can visit the ChoiceTrade trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.choicetrade.com/ on February 18, 2024.
Is ChoiceTrade A Good Broker?
We have spent over 5 years examining ChoiceTrade in depth. Although we found some very useful aspects of the ChoiceTrade platform that would be useful to some traders. We feel that a alternative to ChoiceTrade may better suit you.
- ChoiceTrade have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
- ChoiceTrade has a history of over 15 years.
- ChoiceTrade has a reasonable sized customer support of at least 10.
- ChoiceTrade are regulated by the Unregulated. ChoiceTrade is subject to strict regulatory oversight from its respective jurisdiction, which holds ChoiceTrade (the broker) accountable for misconduct. This regulatory framework helps ensure that ChoiceTrade operates fairly and transparently and provides ChoiceTrade customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and ChoiceTrade.
- ChoiceTrade have regulation from reputable regulators.
- One of the advantages of using ChoiceTrade is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from ChoiceTrade are particularly important as ChoiceTrade traders want to receive their money quickly. With the efficient ChoiceTrade payment processing system, traders can enjoy faster access to their ChoiceTrade funds.
- ChoiceTrade have an international presence in multiple countries. Including local ChoiceTrade seminars and training.
- ChoiceTrade can hire people from various locations in the world who can better communicate in your local language.
ChoiceTrade Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
ChoiceTrade not quite right?
If after reading this ChoiceTrade review, ChoiceTrade does not fulfill your needs check out these ChoiceTrade Alternatives.
We have spent years researching the best alternatives to ChoiceTrade. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective ChoiceTrade alternatives available today. If you are unsatisfied with ChoiceTrade or want to explore other options, we recommend checking out our carefully curated list of highly-rated ChoiceTrade alternatives. Follow the links below to learn more about these ChoiceTrade broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
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Related ChoiceTrade Vs Comparisons
Throughout our comprehensive ChoiceTrade review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing ChoiceTrade against other popular brokers in the industry, check out our ChoiceTrade Vs pages. Our team has compiled a series of detailed ChoiceTrade comparison articles, pitting the ChoiceTrade platform against some of the best-rated ChoiceTrade competitors in the market. Dive into our informative ChoiceTrade Vs pages below to find out how ChoiceTrade stacks up against other leading brokers.
- ChoiceTrade vs ICMarkets
- ChoiceTrade vs Roboforex
- ChoiceTrade vs eToro
- ChoiceTrade vs XTB
- ChoiceTrade vs XM
- ChoiceTrade vs Pepperstone
- ChoiceTrade vs AvaTrade
- ChoiceTrade vs FPMarkets
- ChoiceTrade vs NordFX
- ChoiceTrade vs easyMarkets
- ChoiceTrade vs SpreadEx
- ChoiceTrade vs FxPro
- ChoiceTrade vs Plus500
- ChoiceTrade vs AdmiralMarkets
- ChoiceTrade vs ThinkMarkets
- ChoiceTrade vs FXPrimus
- ChoiceTrade vs Trading212
- ChoiceTrade vs ForexMart
- ChoiceTrade vs Eightcap
- ChoiceTrade vs ForTrade
- ChoiceTrade vs InteractiveBrokers
- ChoiceTrade vs Forex.com
- ChoiceTrade vs IG
- ChoiceTrade vs Robinhood
- ChoiceTrade vs Coinbase
- ChoiceTrade vs Binance
- ChoiceTrade vs ETXCapital
- ChoiceTrade vs CoreSpreads
CHOICETRADE Frequently Asked Questions
Read our detailed ChoiceTrade FAQ Section updated for 2024.
Can I try ChoiceTrade?
What funding methods do ChoiceTrade accept?
Please note that the list of payment methods below depends on the ChoiceTrade Entity and the client's Country of Residence.
ChoiceTrade offer the following funding payment methods Credit cards, Debit Cards, Bank Transfer, among other payment methods.
Learn more here
Is ChoiceTrade safe?
ChoiceTrade have over 10,000 users. While ChoiceTrade may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.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 bank's financial health and strength.Trading with ChoiceTrade is risky, and because the market is so volatile, losses could happen at any time. Do not invest with ChoiceTrade unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is ChoiceTrade trading good?
ChoiceTrade is considered good and reputable to trade with ChoiceTrade. ChoiceTrade is used by over 10,000 traders and ChoiceTrade users. ChoiceTrade offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with ChoiceTrade is 250.
Is ChoiceTrade trading Legit?
ChoiceTrade was founded in United States in 2009. ChoiceTrade has been facilitating trade on the financial markets for over 15 years. ChoiceTrade offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to ChoiceTrade are held in segregated bank accounts for security. ChoiceTrade is not regulated. Although this doesn't mean ChoiceTrade are awful, we recommend trading with regulated brokers.
Is ChoiceTrade a good broker?
ChoiceTrade allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. ChoiceTrade is overseen by the top tier financial regulators Unregulated so can be considered a good broker.
Is ChoiceTrade trustworthy broker?
Despite any potential benefits associated with ChoiceTrade, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like ChoiceTrade, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.
What is the minimum deposit for ChoiceTrade?
The minimum deposit to trade with ChoiceTrade is 250.
How long do ChoiceTrade withdrawals take?
Withdrawing money from ChoiceTrade processing time varies depending on the method but averages 1-5 days.
Is ChoiceTrade regulated?
ChoiceTrade is not regulated by a top tier financial regulator.
Is ChoiceTrade a market maker?
ChoiceTrade is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with ChoiceTrade?
When opening a trading account with ChoiceTrade, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on ChoiceTrade trading platforms, you can follow the link provided below: Learn more about signing up with the ChoiceTrade trading platform here. This will provide useful information and insights into the various trading platforms offered by ChoiceTrade, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with ChoiceTrade?
Yes your money is safe with ChoiceTrade.
Overall, strict financial regulation is essential for ensuring that trading platforms like ChoiceTrade operate fairly, transparently, and responsibly, which ultimately benefits all ChoiceTrade stakeholders involved.
Trading platforms like ChoiceTrade must have strict financial regulation for several reasons:
- Protecting ChoiceTrade Investors: Strict financial regulation ensures that investors who use the ChoiceTrade trading platform are protected against fraudulent or unethical behavior by the ChoiceTrade platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the ChoiceTrade platform.
- Maintaining ChoiceTrade Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the ChoiceTrade trading platform. Regulatory procedures reduce the likelihood of the ChoiceTrade platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing ChoiceTrade Transparency: Regulations require trading platforms like ChoiceTrade to maintain detailed records and disclose ChoiceTrade client information. Financial regulatory requirements enhances transparency and helps to build trust between the ChoiceTrade platform and its investors.
ChoiceTrade is regulated by the Unregulated. When selecting a broker such as ChoiceTrade, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, ChoiceTrade ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like ChoiceTrade.
Is ChoiceTrade a con?
While we would not say that ChoiceTrade is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.
Can you make money with ChoiceTrade?
Although traders have had great success with ChoiceTrade, trading on the financial markets with ChoiceTrade is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does ChoiceTrade have fees?
ChoiceTrade withdrawal fees vary on payment method.ChoiceTrade does charge a fee for inactive accounts. ChoiceTrade do charge deposit fees.
When was ChoiceTrade founded?
ChoiceTrade was founded in 2009.
How many people use ChoiceTrade?
ChoiceTrade is used by over 10,000 registered ChoiceTrade users.
What is ChoiceTrade Headquarters country?
ChoiceTrade has its head quarters office in United States .
Does ChoiceTrade offer negative balance protection?
ChoiceTrade does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does ChoiceTrade offer guaranteed stop loss?
ChoiceTrade does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does ChoiceTrade allow scalping?
ChoiceTrade does not offer scalping.
Does ChoiceTrade allow hedging?
ChoiceTrade does not offer hedging.
Does ChoiceTrade offer CFD trading?
ChoiceTrade offers CFD trading.
Does ChoiceTrade offer STP?
ChoiceTrade does not offer STP trading.
How many people use ChoiceTrade?
ChoiceTrade is used by over 10000 ChoiceTrade users and traders.
Is ChoiceTrade an ECN broker?
ChoiceTrade does not offer ECN trading.
Does ChoiceTrade offer a demo account?
ChoiceTrade offers a demo account.
Does ChoiceTrade offer an Islamic account?
ChoiceTrade does not offer Islamic accounts.
What are the funding methods for ChoiceTrade?
Please note that funding methods and options available with ChoiceTrade can be found in the ChoiceTrade Members area and depend on the ChoiceTrade client’s country of residence. Please check your specific available payment methods on the ChoiceTrade website. ChoiceTrade accept the following funding methods : Credit cards, Debit Cards, Bank Transfer.