ChoiceTrade Brokerage Company Review

Brokerage Company

Website: https://www.choicetrade.com/

ChoiceTrade

ChoiceTrade is an award-winning online broker that provides self-directed and broker-assisted trading services. It specializes in options trading; however, traders can trade stocks as well. The team at ChoiceTrade is highly experienced and has put in their years of experience in creating the best trading experience for new traders.

ChoiceTrade has developed powerful platforms using robust technology. Traders can access the trading platforms on their desktop, online, or through mobile devices. The web-based platform of ChoiceTrade is free to use while it also offers some premium platforms. Its desktop and web platform, Direct Pro, costs $135 per month and gives access to most of the exchanges along with advanced charts, live streaming, real-time alerts, Trade Finder scans, and option spread strategies. On the other hand, ChoiceTrade Elite costs $29.95 per month with limited access to the features.

ChoiceTrade provides its users with unique trading tools. Some of the flagship products include Power Basket, WatchPlus, and the Options Strategy Identifier. QuoteStream is another application of ChoiceTrade that provides streaming quotes. Traders can use innovative products and make their trading experience much better. The well-developed technology of ChoiceTrade leads to fast and seamless executions and real-time buying power.

The pricing structure of ChoiceTrade is low, simple, and fair. It charges a flat rate of $5 per trade on stock trades and an additional 15 cents per contract for options. Options traders can also choose to pay $10 flat rate, with no additional charges per contract. ChoiceTrade also charges certain other fees like monthly account maintenance fee, outgoing wire fee, outgoing ACH fee, broker-assist surcharge, and inactivity fee.