Stock Broker Reviews

ChoiceTrade Roth IRA

ChoiceTrade IRA review - best brokerage for Roth IRA in 2010




Roth IRA Commissions


  • Stocks and ETFs Plan 1 (direct access): $0.005 per share, $1 minimum per trade
  • Stocks and ETFs Plan 2: $5 per trade
  • Options: $5 plus $0.55 per contract
  • 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 and margin rates


ChoiceTrade Roth IRA Pros

  • 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


ChoiceTrade Roth IRA Cons

  • High mutual fund commissions
  • Extended hours stock trades $0.005 per share surcharge


ChoiceTrade Roth IRA Review


ChoiceTrade brokerage was awarded 4-stars (highest rating is 4.5 stars) by Barron's magazine for 5 years in a row. In 2009 it got top scores in Trade Experience, Trading Technology, Usability and Research Amenities. ChoiceTrade offers some of the cheapest commissions in the industry. You have two plans to choose from: Flat Rate and Direct Access. With Flat Rate you get $5.00 per trade, unlimited shares and no surcharges for extended hours, penny stocks or large orders. With Direct Access you pay just $0.005 per share with $1 minimum per trade. It means that any order with up to 200 shares will cost you just $1, order with 200-500 shares will be anywhere between $1.00 and $2.50, etc.

We believe that ChoiceTrade is a great choice for Roth retirement account since it has no IRA setup fee, no annual IRA fee and no inactivity or maintenance fees.

You could open account with ChoiceTrade with no money down in just a few minutes and try their virtual trading and other services for free.


Open ChoiceTrade Account
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.