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No Regulation
Score
1.54 /10
Danger
ChoiceTrade
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.25
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2025-01-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2025-01-30
| ChoiceTradeReview Summary | |
| Founded | 2002-05-17 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Stocks/ETFs/Options |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | ChoiceTrade(Mobile(iOS/Android)) |
| Min Deposit | / |
| Customer Support | Phone: (877) 731-9114 |
| All other inquiries: (787)773-1848 | |
| Email: service@choicetrade.com | |
| Social Media: Facebook/Twitter/LinkedIn | |
ChoiceTrade Information
Registered in the United States, ChoiceTrade is a broker that provides a web-based trading platform without commission for Stocks, ETFs, and Options. Unless otherwise noted, brokerage commissions apply to all mobile trades. There is a $100 minimum required to open a cash account. Margin accounts that do not engage in day trading require a minimum deposit of $2,000, and day trading accounts have an initial minimum requirement of $25,000. ChoiceTrade is risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| Various tradable instruments | MT4/MT5 unavailable |
| Commission free | No specific transfer method |
Is ChoiceTrade Legit?
ChoiceTrade is not regulated, making it less safe than regulated brokers.
What Can I Trade on ChoiceTrade?
ChoiceTrade offers various market instruments, including stocks, ETFs, and options.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| ETFs | ✔ |
| Options | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Forex | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
ChoiceTrade Fees
The commission is 0. The lower the spread, the faster the liquidity.
Trading Platform
ChoiceTrade provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems. The ChoiceTrade Mobile Application is currently supported on all mobile devices, phones, and tablets that have browsers.
| Trading Platform | Supported | Available Devices |
| ChoiceTrade | ✔ | Mobile(iOS/Android) |
Deposit and Withdrawal
The first deposit amount must be $100 or above.
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