Stock Broker Reviews



ChoiceTrade Review

Ameritrade review

Compare ChoiceTrade versus Ameritrade on costs, customer service and reliability




ChoiceTrade vs Ameritrade Trading Fees and Investments Offered



ChoiceTrade
Ameritrade
  • Stocks and ETFs: $5
  • Options: $5 plus $0.55 per contract
  • Direct Access trading: $0.005 per share, $1 minimum per trade
  • Mutual funds: $25 per trade
  • Investment products: stocks, options, mutual funds, ETFs
  • Minimum to open account: $0 for cash account, 2,000 for margin account
  • All Choicetrade fees
  • Stocks and ETFs: $9.99
  • Options: $9.99 plus $0.75 per contract
  • No-load mutual funds: $49.99
  • Investment products: stocks, bonds, mutual funds, options, ETFs
  • Minimum to open account: $1,000 equity is required to open an IRA, and $2,000 to open any non-IRA account
  • All TD Ameritrade fees



Compare ChoiceTrade and Ameritrade Pros



ChoiceTrade
Ameritrade
  • Very low commissions and fees
  • No account minimum or inactivity fees
  • No extra charges for large-sized orders or stocks below $1
  • Direct access trading with lowest commissions
  • Free paper/virtual trading
  • Investor community
  • Very good customer service
  • Powerful trading tools
  • No surcharges for penny stocks, large orders and after-hours trading
  • Large and well known company with many branches
  • No maintenance and inactivity fees
  • Large selection of third-party research



Compare ChoiceTrade and Ameritrade Cons



ChoiceTrade
Ameritrade
  • High mutual fund commissions
  • Extended hours stock trades $0.005 per share surcharge
  • $9.99 commission for stocks/ETFs is high, $49 commission for mutual funds is extremely high
  • Poor order execution
  • The website is sometimes very slow or even down on the most crucial days



ChoiceTrade or Ameritrade Comparison Summary



Choicetrade is obviously much better priced company than TD Ameritrade: just $5 per trade for stocks versus $10 in TD Ameritrade and $25 for mutual funds versus $49 in TD Ameritrade. Both firms don't charge many common fees: no inactivity or maintenance fees, no IRA fees (except for ChoiceTrade's annual custodial IRA fee of $30).

TD Ameritrade website is unreliable: it sometimes becomes extremely slow on high-volume days or it takes forever to execute orders. ChoiceTrade not only offers trading from the website but also provides direct access trading with even lower commissions: $0.005 per share, $1 minimum per trade.

ChoiceTrade offers free paper trading ability which lets customers test and improve their investing strategies without putting real money at risk. Customer service at the firm works better than at TD Ameritrade.

ChoiceTrade is clearly more appealing brokerage house in just about everything. We strongly recommend it over TD Ameritrade.


Check ChoiceTrade For Promotion

ChoiceTrade Review


Check Ameritrade For Promotion

Ameritrade review

ING
Share |

Stock broker promotions:
Copyright ©2009-2010 Brokerage-Review.com. All rights reserved.
The stock brokerage firm you select is solely responsible for its services to you, the user. Brokerage-Review.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. Brokerage-Review.com has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information.