ChoiceTrade Review

Finding a decent option broker is half the battle for fruitful trading and financial stability. ChoiceTrade is one of those brokerage firms stirring great interest in traders. Read this review to know whether Choicetrade is worth your trust and money.

Choicetrade Essentials

ChoiceTrade is the USA securities brokerage company that made its presence in remote 2000. Disposition in the United States forces ChoiceTrade to conform to the rules and regulations established by the Securities and Exchange Commission.
The broker is also a member of:

• FINRA that is an independent, non-state regulator supervising the performance of security and brokerage firms on the territory of the USA;
• SIPC that is non-profit Securities Investor Protection Corporation designed to compensate traders their losses up to $500,000 if their brokers go bankrupt or fall short of their obligations.

Trading conditions

As for the product catalog, you will not be overwhelmed with a selection. The broker supports trading with stocks (including Pink Sheet and over-the-counter stocks) and options only, and if you among those folks who love gambling with cryptocurrencies, bonds, commodities, and futures, ChoiceTrade is not the best partner for you.

ChoiceTrade is a free web-based trading tool that can be accessed via desktop and mobile alike, and it includes all vital features for intelligent trading (real-time quotes, comparison charts, indicators, financial and fundamental data to name a few). For those in need of more powerful trading software, streaming data, interactive charts, and in-depth analytics, ChoiceTrade offers three paid trading tools available for both Apple and Android mobile devices:

• Quotestream Trader is a streaming quote application that will cost you $14.95 or $24.95 (Pro Version) a month.
• Direct Pro Trader is geared towards professional traders willing to control their trade routing and able to pay $135 per month for such a powerful trading platform.
• Elite Trader is a cutting-edge trading terminal loaded with sophisticated trading features and robust analytics coming for $29.95 a month.

The broker’s official website does not provide tutorials, videos or educative materials, which suggests that the establishment is more focused on seasoned traders rather than beginners. However, after opening and funding an account, you will enjoy a wealth of the latest financial market information and insightful analytics under the Research tab in your profile.

Additional info

Operating peculiarities:

• The broker supports trading with stocks and options only. Trading with other assets like futures, Forex currencies, bonds or cryptocurrencies is not available.
• ChoiceTrade’s free browser-based trading platform proposed by does not boast top-notch capabilities to suit the requirements of experienced traders. Such functionality is found only in paid applications proposed by ChoiceTrade.
• No educative or tutorial materials on the website except for a FAQ section.