Choice Trade Offering of Investments | Markets and Products

Pros

Cons

  • Shares, options, and ETFs trading
  • Few trading instruments
  • No Forex or CFD trading
  • No futures, mutual funds, or crypto trading.

Introduction

Choice Trade is one of the US-based brokers that was founded in 2000. It’s regulated by top-tier financial authorities and is also a member of SIPC that protects assets up to $500,000 (cash up to $250,000). Choice Trade also has over 10,000 clients worldwide. Choice Trade’s main trading products are stocks, options, and ETFs with a minimum deposit of only $100. Choice Trade is also available on different platforms like web, desktop, and mobile to provide the best trading experience on the go.

Trading Products

Choice Trade’s offering of investments is very limited. Clients only have shares, options, and ETFs to trade on. There’s no Forex, CFD, futures, mutual funds, or crypto trading.

Choice Trade Offering of Investments

 

Choice Trade

Forex

No

CFD

No

Stocks/ shares

Yes

Options

Yes

Futures

No

Metals

No

Bonds

No

ETFs

Yes

Note:

  • The FCA bans crypto trading for the UK retail customers from 6th of Jan 2021.
  • Some of the trading products are not available for you if you’re resident in some countries or you have a specific account type with which you can’t trade on them

FAQs

  1. What’s the margin account?
  • A margin account allows you to increase the purchasing power in your account by borrowing against cash or marginable securities that you hold in the account. The extension of credit in a margin account, and associated fees, are governed by terms in the Penson Customer Margin and Short Account Agreement and relevant sections in the ChoiceTrade Customer Agreement.
  1. Can I open more than one trading account?
  • Yes, you can.
  1. Does Choice Trade give a bonus?
  • No, it doesn’t.
  1. Does Choice Trade allow scalping and hedging?
  • Yes, it does allow both of them.
  1. Does Choice Trade provide a swap-free account option?
  • No, it doesn’t.
  1. When trading forex, will you lose more than your initial deposit?
  • Yes, as Choice Trade doesn’t provide negative balance protection on your money.


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