The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares ChoiceTrade vs E*TRADE. Is ChoiceTrade or E*TRADE a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE charges more than ChoiceTrade for placing regular stock trades ($6.95 and $5.00, respectively). For options trading, E*TRADE has a base fee of $6.95, and ChoiceTrade a base fee of $5.00. ChoiceTrade's per contract rate of $0.50 is less than E*TRADE which charges $0.75. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, E*TRADE boasts an offering of 8652 mutual funds compared to ChoiceTrade's 500 available funds. Commission free ETFs can also be a nice plus, with E*TRADE having the upper hand thanks to its 133 available commission free ETFs compared to ChoiceTrade's offering of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade offers virtual trading while E*TRADE does not. For mobile trading, E*TRADE offers the iPhone App, iPad App and Android App while ChoiceTrade offers the none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at E*TRADE while customers at ChoiceTrade can have none of these. On the whole, when it comes to tools, research, and mobile trading, E*TRADE was rated Best in Class - Research and Best in Class - Mobile Trading in 2017, while ChoiceTrade was rated none of these.
Overall, E*TRADE boasts 4.00 stars versus ChoiceTrade's 2.00 stars.