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E*TRADE vs ChoiceTrade 2020

Is ChoiceTrade better than E*TRADE? After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than ChoiceTrade (62.57%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

Overall Rating

Feature E*TRADE ChoiceTrade
Overall 4.5 3
E*TRADE Review ChoiceTrade Review

Trading Fees

Feature E*TRADE ChoiceTrade
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.40
Mutual Fund Trade Fee $19.99 N/A
Broker Assisted Trades Fee $25.00 $30.00
Commissions & Fees 4.5 4.5
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Margin Rates

Feature E*TRADE ChoiceTrade
Under $24,999.99 10.00% 7.75%
$25,000.00 to $49,999.99 9.75% 7.75%
$50,000.00 to $99,999.99 9.25% 7.75%
$100,000.00 to $249,999.99 8.75% 7.75%
$250,000.00 to $499,999.99 8.25% 7.75%
$500,000.00 to $999,999.99 7.75% 8.25%
Above $1,000,000.00 6.75% 8.25%
Commissions & Fees 4.5 4.5
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Account Fees

Feature E*TRADE ChoiceTrade
IRA Annual Fee $0.00 $50.00
IRA Closure Fee $60.00 $50.00
Returned ACH Fee $0.00 $40.00
Returned Wire Fee $0.00 $40.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $75.00 N/A
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $25.00 $35.00
International Wire Fee $25.00 $60.00
Commissions & Fees 4.5 4.5

Investment Options

Feature E*TRADE ChoiceTrade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs all All
Mutual Funds (No Load)
6663 0
Mutual Funds (Total)
9291 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4.5 2.5
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Order Types

Feature E*TRADE ChoiceTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
No Yes
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2.5
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Trading Platforms

Feature E*TRADE ChoiceTrade
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No Yes
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
125 19
Heat Mapping
No Yes
AI Assistant Bot
No No
Platforms & Tools 4.5 3
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Charting Features

Feature E*TRADE ChoiceTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
119 42
Charting - Drawing Tools
32 4
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 2
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

Feature E*TRADE ChoiceTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No Yes
Short Locator
No No
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature E*TRADE ChoiceTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
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Mobile App Features

Feature E*TRADE ChoiceTrade
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Heatmapping
No Yes
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3.5
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Research Overview

Feature E*TRADE ChoiceTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 4.5 2
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Stock Research

Feature E*TRADE ChoiceTrade
Stock Research - Reports
5 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 4.5 2
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ETF Research

Feature E*TRADE ChoiceTrade
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 4.5 2
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Mutual Fund Research

Feature E*TRADE ChoiceTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4.5 2
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Options Trading

Feature E*TRADE ChoiceTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 18
Option Chains - Greeks
5 4
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 3
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Beginners

Feature E*TRADE ChoiceTrade
Education (Stocks)
Yes No
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
12 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No
Investor Magazine
No No
Education 4 1.5
Winner check_circle

Banking

Feature E*TRADE ChoiceTrade
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 4 0.5

Overall

Feature E*TRADE ChoiceTrade
E*TRADE Review ChoiceTrade Review
Overall 4.5 3
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare ChoiceTrade vs E*TRADE.

Is ChoiceTrade or E*TRADE better for beginners?
E*TRADE is better for beginner investors than ChoiceTrade. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about ChoiceTrade vs E*TRADE pricing?
ChoiceTrade and E*TRADE have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both ChoiceTrade and E*TRADE. Option contracts are pricier at E*TRADE, costing $0.65 versus $0.40 at ChoiceTrade. For a complete commissions summary, see our best discount brokers guide.

Does ChoiceTrade or E*TRADE offer a wider range of investment options?
E*TRADE offers a more diverse selection of investment options than ChoiceTrade. E*TRADE offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and Advisor Services. Looking at Mutual Funds, E*TRADE offers its clients access to 9291 different mutual funds while ChoiceTrade has 0 available funds, a difference of 9,291.

Which trading platform is better: ChoiceTrade or E*TRADE?
To compare the trading platforms of both ChoiceTrade and E*TRADE, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts and Debit Cards are available to clients of E*TRADE while ChoiceTrade offers customers none of these.

Overall, between ChoiceTrade and E*TRADE, E*TRADE is the better online broker.

ChoiceTrade Review
E*TRADE Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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