ChoiceTrade Review
3.5-star brokerage firm rating


Cheapest online trading brokerage firm in 2012

Cheapest Online Trading Brokerage Commissions

  • Stocks and ETFs (not direct access): $5 per trade
  • Stocks and ETFs (direct access): $0.005 per share, $1 minimum per trade
  • Stocks and ETFs (broker-assisted): $30 per trade
  • Options: $5 plus $0.15 per contract
  • Mutual funds: $25 per trade
  • Investment products: stocks, options, mutual funds, Forex, ETFs
  • Minimum to open Choicetrade account: $0 for cash account, 2,000 for margin account
  • All Choicetrade fees


Cheapest Broker Pros

  • Direct access trading with lowest per share commissions
  • Very low flat-rate commissions
  • Powerful trading platforms
  • No account minimum, maintenance or inactivity fees
  • Free paper trading
  • Investor community


Cheapest Broker Cons

  • While web-based trading platform with delayed quotes is free, more advanced platforms and streaming quotes are not: web-based Choicestreamer is $14.95/month, ChoiceTrader Direct pro is $49/month, Choicetrader Select with eSignal is $126/month
  • Extended hours stock trades have $0.005 per share surcharge
  • 1% surcharge of the total dollar value of the order in addition to the normal commission of $5 per trade to all stock orders of more than 500,000 shares
  • High mutual fund commissions


The Cheapest Online Brokerage Firm


ChoiceTrade Trading has few fees, and, more importantly, it offers extremely low trading commissions when you choose their direct access commission plan -- just $0.005 per share, and any order of up to 200 shares will cost $1 or less (orders with up to 500 shares are $2.50 or less). Options commission is $5 plus $0.55 per contract. These are the best rates among national online stock brokers!

One obvious problem you see with ChoiceTrade Trading, is that the higher the number of shares in the order, the higher will be your commission. 500 shares will cost $2.50, 1,000 - $5.00, 3,000 - $15.00 and so on. That's why a lot of people have another account at a differemt brokerage firm where commissions are flat-rate, regardless of number of shares.

With only $3.95 flat-rate stock commission, OptionsHouse is one of the top choices for active traders and day traders looking for flat rate commission account to make larger trades that will be too expensive with per-share plan. Read full Optionshouse Review.


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ChoiceTrade Review



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