Compare ChoiceTrade vs FXCM


Online brokers compared for fees, trading platforms, safety and more. See how ChoiceTrade stacks up against FXCM!

ChoiceTrade vs FXCM
overall rating
4.1
4.2
overall pros
  • Commission-free stock and ETF trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Fast and straightforward account opening
  • Good technical research tools
  • High quality educational content
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • Limited product portfolio
  • Poor mobile platform
  • Poor website trading platform
fees
4.1
  • Low trading fees
  • Low stock and ETF fees
  • Commission-free stock trading
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
3.8
  • Low trading fees
  • No withdrawal fee
  • High AUDUSD trading fee
account opening
4.9
  • Fully digital
  • Low minimum deposit
  • User-friendly
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Account opening time slower than at most forex brokers
deposit and withdrawal
0.8
  • No deposit fee
  • Credit/Debit card not available
  • Withdrawal is way overcomplicated
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Slow withdrawal - over 3 days
web trading platform
1.5
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
mobile trading platform
4.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
1.0
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
desktop trading platform
2.8
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
2.1
  • Stock
  • ETF
  • Options
1.4
  • Forex
  • CFD
  • Crypto
research
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
4.5
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.0
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection
recommended for Stock and options traders looking for low trading fees and focusing on the US market Forex traders looking for easy account opening, funding, and withdrawal
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