No surcharges for trading penny stocks; comprehensive trade ticket is site-wide for easy order entry.
Multiple platforms makes for confusing overall offering; real-time streaming quotes are not free; research tools are very basic; pricey fees for option exercising and assignments.
Investors looking to sacrifice a quality user experience in exchange for discounted trades.
|Commissions & Fees||N/A|
|Platform & Tools||N/A|
|Ease of Use||N/A|
2013 Review Star Ratings
N/A - Not Applicable
|N/A||Commissions & Fees|
|N/A||Platforms & Tools|
N/R - Not Ranked in Top 10
N/A - Not Applicable
Compare ChoiceTrade to Key Competitors
Trade Commissions Breakdown
|$5.00||Flat-Fee Trade Plan*|
|N/A||Per-Share Trade Plan|
|$5.00||Options Base Trade Fee*|
|N/A||Options Exercise Fee|
|N/A||Options Assignment Fee|
|$25.00||Mutual Fund Trade Fee|
|$25.00||Broker Assisted Trade Fee|
|N/A||Bond Trade Fee|
|N/A||Treasury Trade Fee|
|N/A||Certificate of Deposit (CD) Trade Fee|
|N/A||Interactive Voice Response (IVR) Phone Trade Fee|
|N/A||IRA Annual Fee|
|N/A||IRA Closure Fee|
|N/A||Forced-Margin Sellout Fee|
|N/A||Returned ACH Fee|
|N/A||Returned Wire Transfer Fee|
|N/A||Stock Certificate Processing Fee|
|N/A||Stock Certificate Delivery Fee|
|N/A||Paper Statement Fee|
|N/A||Paper Confirmation Fee|
|N/A||Outgoing Domestic Wire Transfer Fee|
|N/A||Outgoing International Wire Transfer Fee|
ChoiceTrade offers clients a variety of market data options which change in price depending on which platform or addon is being used. The web based platform (default) is free, with the QuoteStream addon (streaming real-time quotes) available starting at $9.95 per month. The other two platforms include ChoiceTrade Direct Pro and ChoiceTrader Select with eSignal. Data packages for these two platforms start at $49.95 and $126 per month, respectively. Further additional data feeds can be purchased such as Level 2 quotes and Pink Sheet advanced quotes for additional fees.
Stock Trades - All stock trades are $5 per trade with unlimited shares and no minimums. Any trade made during extended hours add $.005 per share. There is no additional charge for trading penny stocks (stocks under $1 per share) unless order size is more than 500,000 shares then add 1% of order dollar value.
Options Trades - Options trades are $5 per trade + $.15 per contract with no minimums. There is a $5 fee to exercise or assign an option position.
Mutual Funds - All mutual funds cost $25.00 per trade. Additional fees may apply depending on the fund.
Retirement Accounts - ChoiceTrade charges an annual fee of $30 for IRA accounts.
Misc. Account Information
|N/A||No. of Commission-Free ETFs|
|N/A||No. of Retail Locations|
|N/A||No. of Mutual Funds (w/ Load)|
|N/A||No. of Mutual Funds (No Load)|
|N/A||No. of 3rd Party Research Report Providers|
|N/A||Max. No. of Legs (Complex Options)|
|No Minimum Deposit|
|No Maintenance Fees|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
|Long Term Trading|
|Credit Card Accounts|
|Debit Card Accounts|
Trading Platform Features
|Web Browser Platform|
|Windows Desktop Platform|
|Mac Desktop Platform|
Active Trading Features
|Direct routing offered to clients|
|Broker receives payments for order flow|
|Broker internalizes trades|
|Clients receive rebates for adding liquidity|