ChoiceTrade review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
ChoiceTrade runs commission-free stock and ETF dealing, with an account fee of $10 and a minimum deposit of $100. It suits experienced US traders who want a long-standing, SIPC protected broker and do not mind paying to hold the account. Options cost $0.40 per contract.
Key facts
- Best for
- Experienced US traders wanting commission-free stocks, ETFs and options on a SIPC protected account.
- Minimum deposit
- $100 (Source, checked September 26, 2026)
- Stock trade fee
- $0 (Source, checked September 26, 2026)
- Account fee
- $10 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Options (Source, checked September 26, 2026)
- Regulators
- SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Options contract fee
- $0.40 (Source, checked September 26, 2026)
- Platforms
- ChoiceTrade Direct Pro, ChoiceTrade Elite, Mobile Apps (Source, checked September 26, 2026)
- Legal entity
- LETSGOTRADE INC (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2000 (Source, checked September 26, 2026)
- Support channels
- Email, Phone (Source, checked September 26, 2026)
- Features
- Demo account, Mobile app
- Pricing model
- Commission-free
- Audience
- Experienced traders
- Official website
- choicetrade.com
Pros and cons
Pros
- Stock trades carry a fee of $0 and rank first among 161 brands on that measure
- Members of SIPC, with protection of SIPC up to USD 500,000
- Trading platforms include ChoiceTrade Direct Pro, ChoiceTrade Elite and Mobile Apps, so orders can go from desktop to phone
- Support runs on email and phone and a demo account is available for practice
Cons
- An account fee of $10 applies, which ranks 114 of 138 on that measure
- The minimum deposit of $100 ranks 148 of 213
- The audience is listed as experienced traders, so a first account may feel technical
Who it suits
- Experienced traders who want commission-free stock and ETF dealing on a US account
- Investors who value SIPC protection and a long operating history
- Anyone who wants demo practice before committing real money
Who should look elsewhere
- eToro, which charges an account fee of $0
- CFI, which takes a minimum deposit of $0
- Vantage, whose minimum deposit is $5
Fees and costs
Stock and ETF dealing is commission free, with a trade fee of $0. The account fee is $10, and the minimum deposit is $100. Options are charged $0.40 per contract, so the only recurring cost sits with the account itself rather than with each trade.
How it compares on our data
On stock trade fee the brand ranks 1 of 161, the strongest of the measures we track. On account fee it sits at 114 of 138, and on minimum deposit at 148 of 213. The entry cost, not the dealing cost, is the weak point.
How ChoiceTrade compares
8.9 vs 9.0
8.9 vs 9.4
8.9 vs 8.7
MarketScreener
8.9 vs 9.4
8.9 vs 8.7
8.9 vs 9.0
8.9 vs 9.3
8.9 vs 8.7
8.9 vs 8.6
8.9 vs 9.2An account fee of $0 makes it cheaper to hold than ChoiceTrade's $10
8.9 vs 8.7
Kitco
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where ChoiceTrade is available
- Available
- United States
- Licence in United States
- SIPC (SIPC member 52511), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to trade stocks at ChoiceTrade?+
Stock dealing is commission free, with a trade fee of $0. That is the measure on which the brand ranks 1 of 161, so trading itself adds nothing to the cost of a position.
Is there an account fee or minimum deposit?+
Yes. The account fee is $10 and the minimum deposit is $100. On account fee the brand ranks 114 of 138, so this is where it costs more than cheaper rivals.
How much are options at ChoiceTrade?+
Options are charged $0.40 per contract. That is the only per-trade cost on this account, since the dealing model is commission free and the stock trade fee is $0.
Is my money protected at ChoiceTrade?+
The broker is covered by SIPC, and the stated protection is SIPC up to USD 500,000. The account is held in the US, with the legal entity listed as LETSGOTRADE INC and a headquarters in the United States.
What can I trade on the platform?+
Available markets cover stocks, etfs and options. Trading runs through ChoiceTrade Direct Pro, ChoiceTrade Elite and Mobile Apps, which includes mobile apps, and a demo account is offered so the platform can be tried before funding it.
Who is ChoiceTrade built for?+
The stated audience is experienced traders. The company was founded in 2000 and is based in the United States, so the account suits a US trader with a long history rather than a first investment.
How do I get help if something goes wrong?+
Support runs on email and phone, covering both email and phone. There is a demo account for testing the platform, and the broker has operated since 2000.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Regulators, Legal entity, Investor protection, Licences
“reportingFileNumber=52511; name=LETSGOTRADE INC”
- choicetrade.com checked September 26, 2026
Backs: Headquarters, Markets, Platforms, Features
“A regulated U.S. brokerage built for trust”
- choicetrade.com/about-us.php checked September 26, 2026
Backs: Audience, Founded
“optimal choice for active traders, self-directed investors”
- choicetrade.com/pricing.php checked September 26, 2026
Backs: Account fee, Pricing model, Options contract fee, Stock trade fee, Minimum deposit
“$10.00 monthly maintenance for non-U.S. accounts”
- choicetrade.com/trading-products.php checked September 26, 2026
Backs: Support channels
“Call Us (877) 731-9114 - Email Us service@choicetrade.com”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Inactivity fee, Retail accounts that lose money.
ChoiceTrade
Experienced US traders wanting commission-free stocks, ETFs and options on a SIPC protected account.