Verified: ChoiceTrade, Inc. Was Established In 2000 And Is A U.S.-registered Financial Services Company. The Company Is Currently Unregulated. Please Be Aware Of The Risks In Case Your Funds Are Damaged.
Note: ChoiceTrade, As A, Unregulated Broker, Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Trader.
According To The Company's Official Website:
ChoiceTrade Claims To Offer Its Clients A Choice Of QUOTESTREAM, DASTRADER, CHOICETRADE ELITE, Three Different Web-based Trading Software.
It Has Been Verified That ChoiceTrade Is Not Subject To Any Valid Regulations.
Trading Products
ChoiceTrade Advertises That It Offers A Variety Of Trading Products, Including Stocks, Options And Etfs, As Well As Subscription-based Products.
Account Type
ChoiceTrade Claims To Offer Demo Accounts With $100,000 In Virtual Funds And A Real Account. The Minimum Amount To Open A Cash Account Is $100, While The Initial Minimum Amount To Set Up A Cash Account Is Much Higher At $25,000. ChoiceTrade Account.
Fees
All Rates Apply To Trading On The Online Platform And ChoiceTrade Elite. All Regulatory, Exchange, OCC And Cash Settled Option Surcharges (if Applicable) Are Subject To Additional Payment.
Commission: $0.003 Per Share For Less Than 1,000,000 Shares Per Month. Over 1,000,000 Shares Per Month At $0.001 Per Share. Execution Venue And Regulatory Fees Are Extra. Monthly Stock Trading Volume Must Exceed 100,000.
Closed-end Mutual Funds Traded On Exchanges Charge The Same Commission As Stocks. They Do Not Accept Orders From Open-ended Mutual Funds (usually Identified By A Five-letter Symbol).
The Company's Retail Commission Program Is Available Only On Their Online And ChoiceTrade Elite Platforms. It Does Not Apply To Foreign Seeker Agreements, Accounts Introduced By Investment Advisors, Other Special Agreements, Or Third-party Investment Programs.
There Are A Range Of Cash Settled Options Including SPX, OEX, RUT And VIX. ChoiceTrade Charges A Surcharge Of $0.75 Per Contract On These Options In Addition To The Regular Commission. This Surcharge Does Not Apply To ETF Options Such As QQQ Or SPY.
Trading Software
The Platform Available For Trading ChoiceTrade Is Web-based And Includes Three Different Options - Quotestream, Dastrader And ChoiceTrade Elite.
Customer Support
ChoiceTrade Is Available Monday Through Friday From 9am To 5pm (Eastern Standard Time) By Phone: (877) 731-9114, Email: [email protected]
URL: Https://www.choicetrade.com/Send A Message Online To Get In Touch.
You Can Also Follow The Broker On Social Networks Like Twitter, Facebook And LinkedIn. However, The Broker Will Not Reveal Other, More Direct Contact Information, Such As The Company Address Provided By Most Transparent Brokers.
