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
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
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 Interactive Brokers and XTB below.
| FX / Currencies | choicetrade | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 10 | 50 | |
| Major forex pairs | No | Yes | Yes |
| Minor forex pairs | No | Yes | |
| Exotic forex pairs | No | Yes | |
| Cryptocurrencies | No | No | Yes |
| Commodity CFDs | ChoiceTrade | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | No | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | NO | Yes | Yes |
| Indiced & Stock CFDs | ChoiceTrade | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | No | Yes | Yes |
| US Shares | NO | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
choicetrade's
Instruments |
IB's
Instruments |
XTB's
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 looking for a STP/ECN solution. 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 platformsChoiceTrade Trading benefits :
- Low min deposit
ChoiceTrade Trading Accounts offered:
- 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, but as a guide, ChoiceTrade offer margin up to % on currencies.
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.
CHOICETRADE Frequently Asked Questions
Can I try ChoiceTrade before I buy?
ChoiceTrade do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do ChoiceTrade accept?
ChoiceTrade offer the below funding payment methods accept Credit cards, among other payment methods. Learn more here
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.