The best alternatives to ChoiceTrade are
- tastytrade - US options and stockbroker
- SogoTrade - US-based stockbroker
- Zacks Trade - US discount broker
- TradeStation - US stockbroker
Let's see in a bit more detail how the ChoiceTrade alternatives compare to ChoiceTrade and each other:
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
US stock
|
$0.0
|
$0.0
|
---|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$5
|
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.
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
US stock
|
$2.9
|
$0.0
|
---|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$5
|
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.
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
US stock
|
$1.0
|
$0.0
|
---|---|---|
UK stock
|
$15.0
|
-
|
German stock
|
$13.0
|
-
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$0
|
$5
|
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.
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
US stock
|
$5.0
|
$0.0
|
---|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | No |
Withdrawal fee
|
$35
|
$5
|
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.
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
US stock
|
$0.0
|
$0.0
|
$2.9
|
$1.0
|
$5.0
|
---|
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.
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
|
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.
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.
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.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.