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ChoiceTrade commission and other fees

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Adam N.
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Updated
Jan 2024
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Overview of ChoiceTrade fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates ChoiceTrade charges.

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ChoiceTrade commission and other trading fees

The good news is that ChoiceTrade has low trading fees in general. We ranked the fees of ChoiceTrade as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether ChoiceTrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of ChoiceTrade commission and other trading fees
Stock and ETF
Low Low Low
Forex
- - -
Fund
- - -
Bond
- - -
Options
Low Low Low
Futures
- Low -

Now let's go over the trading fees for each asset class one by one.

ChoiceTrade stock and ETF commissions, spreads

ChoiceTrade stock and ETF commissions are low. ChoiceTrade stock and ETF commissions are charged as per the table below.

ChoiceTrade stock and ETF commission
US stock
Stocks above $1 have no commission. US stocks below $1 cost $12 per trade, foreign stocks cost $25 per trade.
UK stock
Not available
German stock
Not available
Indian stock
Not available

You can compare ChoiceTrade stock and ETF fees with the two closest competitors.

ChoiceTrade stock and ETF commission, spreads vs competitors
US stock
$0.0
$0.0
$2.9
UK stock
-
-
-
German stock
-
-
-
Indian stock
-
-
-

Stock and ETF commissions are calculated for a $2,000 trade

ChoiceTrade options commissions

You can see below the description of ChoiceTrade options commissions. ChoiceTrade options fees are low.

ChoiceTrade options commissions
US stock index options
$0 flat fee plus $0.4 per contract, max $20 per trade.
US stock options
$0.4 per contract, max. $20 per trade
UK stock index options
Not available
German stock index options
Not available

Compare options commissions charged by ChoiceTrade with those of tastytrade and SogoTrade.

ChoiceTrade options commissions vs competitors
US stock index options
$4.0
$7.5
$5.0
US stock options
$4.0
$5.0
$5.0
UK stock index options
-
-
-
German stock index options
-
-
-

Options commissions are calculated for 10 contracts

ChoiceTrade non-trading fees

In addition to trading fees, it's important to see if ChoiceTrade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by ChoiceTrade with its two closest competitors.

ChoiceTrade non-trading fees vs competitors
Deposit fee
$0
$0
$0
Withdrawal fee
$5
$0
$0
Account fee
Yes
No
No
Inactivity fee
Yes
No
No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by ChoiceTrade and its closest competitors. To learn more about ChoiceTrade, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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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.

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