Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade vs ChoiceTrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Chase You Invest Trade charges more than ChoiceTrade for placing regular stock trades ($2.95 and $0, respectively). For options trading, Chase You Invest Trade has a base fee of $2.95, and ChoiceTrade a base fee of $0. ChoiceTrade's per contract rate of $0.40 is less than Chase You Invest Trade which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. ChoiceTrade supports Stock Trading and Options Trading while Chase You Invest Trade supports Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Chase You Invest Trade offers its clients access to 2700 different mutual funds while ChoiceTrade has 0 available funds, a difference of 2,700.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. ChoiceTrade has virtual trading, Chase You Invest Trade doesn't. For mobile trading, Chase You Invest Trade and ChoiceTrade both have a iPhone App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Chase You Invest Trade while customers at ChoiceTrade can have none of these.
Overall, between Chase You Invest Trade and ChoiceTrade, ChoiceTrade is the winner.
Chase You Invest Trade Review