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ChoiceTrade Alternatives

Written by
Adam N.
Fact checked by
Updated
Jan 2024
Our top alternative brokers to ChoiceTrade

The best alternatives to ChoiceTrade are

  1. tastytrade - US options and stockbroker
  2. SogoTrade - US-based stockbroker
  3. Zacks Trade - US discount broker
  4. TradeStation - US stockbroker

Let's see in a bit more detail how the ChoiceTrade alternatives compare to ChoiceTrade and each other:

ChoiceTrade alternatives comparison
Overall score
3.9 stars 4.5 stars 4.0 stars 4.3 stars 4.4 stars
Fees score
4.0 stars 4.1 stars 3.6 stars 3.7 stars 4.1 stars
Account opening score
4.4 stars 5.0 stars 5.0 stars 2.5 stars 5.0 stars
Deposit and withdrawal score
0.3 stars 1.3 stars 1.2 stars 3.3 stars 1.4 stars
Web platform score
1.5 stars 3.4 stars 3.0 stars 4.3 stars 4.3 stars
Markets and products score
2.2 stars 3.2 stars 2.2 stars 3.7 stars 2.6 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to ChoiceTrade? There are many areas based on which ChoiceTrade can be compared with others. When we say a given online broker is a good alternative to ChoiceTrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

ChoiceTrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • ChoiceTrade is recommended for stock and options traders looking for low trading fees and focusing on the us market
  • tastytrade is recommended for options and futures traders focusing on us markets
  • SogoTrade is recommended for stock and options traders with a us focus who value great customer service
  • Zacks Trade is recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing

Important factors of finding ChoiceTrade alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether ChoiceTrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. ChoiceTrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost ChoiceTrade alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at ChoiceTrade, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given ChoiceTrade alternative is a must.


Now let's dive into the details of how ChoiceTrade and its alternatives perform in the most important areas!

tastytrade

Recommended for options and futures traders focusing on US markets

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tastytrade vs. ChoiceTrade: Trading fees
US stock
$0.0
$0.0
tastytrade vs. ChoiceTrade: Minimum deposit, time to open an account
Minimum deposit
$0
$100
Time to open account
1 day 1-3 days

If you are interested more in tastytrade minimum deposit, this overview will help you.

tastytrade vs. ChoiceTrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$5
Web trading platform of tastytrade, a ChoiceTrade alternative
tastytrade vs. ChoiceTrade: Trading platform scores
Web platform score
3.4 stars 1.5 stars
Mobile platform score
4.2 stars 3.5 stars
Desktop platform score
3.9 stars 2.8 stars

Learn more about tastytrade's web trading platform in the detailed tastytrade review.

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tastytrade vs. ChoiceTrade: Markets and products
Stocks
Yes
Yes
ETFs
Yes Yes
Forex
No No
Funds
No No
Bonds
No No
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
Yes
No

SogoTrade

Recommended for stock and options traders with a US focus who value great customer service

Visit broker

SogoTrade vs. ChoiceTrade: Trading fees
US stock
$2.9
$0.0
SogoTrade vs. ChoiceTrade: Minimum deposit, time to open an account
Minimum deposit
$0
$100
Time to open account
1 day 1-3 days

If you are interested more in SogoTrade minimum deposit, this overview will help you.

SogoTrade vs. ChoiceTrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$5
Web trading platform of SogoTrade, a ChoiceTrade alternative
SogoTrade vs. ChoiceTrade: Trading platform scores
Web platform score
3.0 stars 1.5 stars
Mobile platform score
3.5 stars 3.5 stars
Desktop platform score
0.9 stars 2.8 stars

Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.

Visit broker

SogoTrade vs. ChoiceTrade: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
No No
Bonds
No No
Options
Yes Yes
Futures
No No
CFDs
No No
Crypto
Yes No

Zacks Trade

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

Visit broker

Zacks Trade vs. ChoiceTrade: Trading fees
US stock
$1.0
$0.0
UK stock
$15.0
-
German stock
$13.0
-
Zacks Trade vs. ChoiceTrade: Minimum deposit, time to open an account
Minimum deposit
$0
$100
Time to open account
>3 days 1-3 days

If you are interested more in Zacks Trade minimum deposit, this overview will help you.

Zacks Trade vs. ChoiceTrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$5
Web trading platform of Zacks Trade, a ChoiceTrade alternative
Zacks Trade vs. ChoiceTrade: Trading platform scores
Web platform score
4.3 stars 1.5 stars
Mobile platform score
3.5 stars 3.5 stars
Desktop platform score
3.8 stars 2.8 stars

Learn more about Zacks Trade's web trading platform in the detailed Zacks Trade review.

Visit broker

Zacks Trade vs. ChoiceTrade: Markets and products
Stocks
Yes
Yes
ETFs
Yes
Yes
Forex
No No
Funds
Yes
No
Bonds
Yes
No
Options
Yes
Yes
Futures
No No
CFDs
No No
Crypto
Yes
No

TradeStation

Recommended for traders focusing on US markets and buy-and-hold investing

Visit broker

TradeStation vs. ChoiceTrade: Trading fees
US stock
$5.0
$0.0
TradeStation vs. ChoiceTrade: Minimum deposit, time to open an account
Minimum deposit
$0
$100
Time to open account
1 day 1-3 days

If you are interested more in TradeStation minimum deposit, this overview will help you.

TradeStation vs. ChoiceTrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$35
$5
Web trading platform of TradeStation, a ChoiceTrade alternative
TradeStation vs. ChoiceTrade: Trading platform scores
Web platform score
4.3 stars 1.5 stars
Mobile platform score
4.8 stars 3.5 stars
Desktop platform score
2.3 stars 2.8 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

Visit broker

TradeStation vs. ChoiceTrade: Markets and products
Stocks
Yes
Yes
ETFs
Yes Yes
Forex
No No
Funds
No No
Bonds
No
No
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
No
No

ChoiceTrade

Recommended for stock and options traders looking for low trading fees and focusing on the US market

ChoiceTrade alternatives trading fees
US stock
$0.0
$0.0
$2.9
$1.0
$5.0
ChoiceTrade alternatives minimum deposit and account open times
Minimum deposit
$100
$0
$0
$0
$0
Time to open account
1-3 days 1 day 1 day >3 days 1 day

Learn more about ChoiceTrade minimum deposit here.

ChoiceTrade and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
No No No No No
Electronic wallets
No No No No No
Withdrawal fee
$5
$0
$0
$0
$35
ChoiceTrade - Web trading platform
ChoiceTrade and alternatives trading platform scores
Web platform score
1.5 stars 3.4 stars 3.0 stars 4.3 stars 4.3 stars
Mobile platform score
3.5 stars 4.2 stars 3.5 stars 3.5 stars 4.8 stars
Desktop platform score
2.8 stars 3.9 stars 0.9 stars 3.8 stars 2.3 stars

Learn more about ChoiceTrade's web trading platform in the detailed ChoiceTrade review.

ChoiceTrade and alternatives markets and products
Stocks
Yes Yes
Yes Yes
Yes
ETFs
Yes Yes Yes Yes
Yes
Forex
No No No No No
Funds
No No No Yes
No
Bonds
No No No Yes
No
Options
Yes Yes Yes Yes
Yes
Futures
No Yes No No Yes
CFDs
No No No No No
Crypto
No Yes
Yes Yes
No

Bottom line

Based on our analysis, there are several good alternatives to ChoiceTrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

ChoiceTrade alternatives
Broker intro
Recommended for
US-based stockbroker Stock and options traders looking for low trading fees and focusing on the US market
US options and stockbroker Options and futures traders focusing on US markets
US-based stockbroker Stock and options traders with a US focus who value great customer service
US discount broker Traders and investors looking for comprehensive research tools, a wide product selection and low fees
US stockbroker Traders focusing on US markets and buy-and-hold investing

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Our top alternative brokers to ChoiceTrade

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