Stock Broker Reviews




ChoiceTrade Review

Compare ChoiceTrade versus TradeKing: which brokerage firm to pick?




ChoiceTrade vs TradeKing Trading Fees and Investments Offered




TradeKing
ChoiceTrade
  • Stocks and ETFs: $4.95 (for stocks over $1)
  • Options: $4.95 plus $0.65 per contract
  • Mutual Funds: $14.95
  • Bonds: $4.95/bond ($14.95 minimum)
  • Treasuries: $24.95 per transaction
  • Certificates of Deposit (CDs): $24.95 per transaction
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $0
  • All TradeKing fees
  • 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



Compare TradeKing and ChoiceTrade Pros



TradeKing
ChoiceTrade
  • One of the best in trading commissions
  • No minimums or hidden fees
  • Award-winning trading tools
  • Best rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Extensive educational resources
  • 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



Compare TradeKing and ChoiceTrade Cons



TradeKing
ChoiceTrade
  • Extra $0.01 per share on the entire order of stocks priced less than $1
  • High mutual fund commissions
  • Extended hours stock trades $0.005 per share surcharge



TradeKing or ChoiceTrade Comparison Summary


br /> When it comes to stock commissions Tradeking and Choicetrade have the same $5 rate. TradeKing has better commissions for mutual funds and options but it also has surcharge on penny stocks. Choicetrade charges additional $0.005 per share on after-hours stock trading.

Both ChoiceTrade and TradeKing do not have inactivity or maintenance fees, as well as no volume or minimum number of trades requirements. They also don't charge IRA fees except for ChoiceTrade's annual custodial IRA fee of $30.

TradeKing is much friendlier to new investors: it has lots of learning materials and very helpful trader community. If you are new to investing we would strongly recommend TradeKing.

Both brokerages are excellent. TradeKing has much better trading tools, customer service and trading community and therefore it is clearly better broker out of the two.


TradeKing Promotion Link
ChoiceTrade Promotion Link

ChoiceTrade 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.