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ChoiceTrade is another online brokerage that features low commissions and the ability to trade anywhere with their web-based platform.
ChoiceTrade Features
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ChoiceTrade Rates
| Trade | Commission Plans | Notes |
| Listed Stocks and ETF Trades | Stock Plan A: $0 Commission Per Trade (Market and Limit Day Orders Only. Day Stop, Stop Limit and all GTC and Day+Ext orders are $5)Stock Plan B: $5 Commission Per Trade |
$100 Minimum account balance. $5 monthly fee applies. Day+Ext add $0.0050 per share for either plan.$100 minimum account balance. No $5 monthly fee. |
| All other U.S. Stock Trades | $7 Commission Per Trade | Trading is not allowed on stock trades less than $0.05 per share. Additional $0.0007 per share charge applies to shares over 10,000. $500 minimum cash balance required for OTC stocks |
| F Stocks | $25.00 Commission Per Trade | |
| Option Trades | Option Plan A: $5 per trade plus $0.15 per contract (default)
Option Plan B: $10 Per Trade plus $0.00 per contract |
Limit of 250 contracts per leg, max 4 legs per trade. Customer may choose either one of the two options plans regardless of which stock plan is chosen. The default option plan is $5 plus 15 cents. Exercise and Assignment $5 |
Available Trading Platforms
There are 3 great trading platforms that you can choose from when you sign up for ChoiceTrade and they are separated depending on your skill level. There’s a single downloadable trading platform that is accessible to day-traders and two other web-based platforms that you can use. Each one of the platforms is user friendly and includes a variety of features that you may or may not use.
Accessibility
Another incredibly useful design feature that is included in ChoiceTrade is the fact that users have access to the stocks and their trading information from anywhere in the world on any device. Their accessibility branches farther than your computer, as you can also view the program on your smart phone or tablet.
Free Trading Available
If you simply don’t have a lot of experience with working on the stock market or if you want to test your skills without losing any of your real money, consider taking advantage of the free trading that you can find from Choicetrader, a subsidiary of ChoiceTrade. As a mobile application that you can download, you will have the ability to place artificial bets and learn how the stock market works before you invest your own money. This is an incredibly useful tool that is 100% free to use.
Additional Fees
As with any trading platform it is important that you consider any additional fees that you might be subjected to, and this is no different with ChoiceTrade. Typically you might find a 1% surcharge for penny stocks and a $2 surcharge for pink sheet stocks. Ensure that you read through the fine print before you start investing your own funds.
Promotions and Deals
There are no current enticing sign-up promotions with ChoiceTrade. They do have a Virtual Trading platform that you can test out with $100,000 in virtual funds to demo their online platform. You’re better off checking out TD Ameritrade, Betterment, E*Trade, etc. for better offers. Here are more below:
- Merrill Edge Review: $600 And Free Trades Promotions
- Fidelity Promotions: $2500 Cash, 500 Free Trades, Other Offers
- E*Trade Brokerage Promotions & Bonuses: $2,500 In Cash
- Charles Schwab Brokerage Promotions, Bonuses And Offers
- TD Ameritrade Promotions: $600, $1500, $2500 Cash Bonus Offers
- Ally Invest $3500 Bonus Cash & Free Trades Promotion
- Betterment Review 2018: New Promotions & Bonuses
- Best Brokerage Promotions And Bonuses May 2018
- Best Online Brokers For Trading Stocks May 2018
- TradeStation Promotions: $1,500 In Commission Rebates!
- OptionsHouse (Acquired By E*Trade)
*See our Brokerage Promotions Page for a full list
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.