ChoiceTrade
Pros
- No commission on listed US stock and ETF trades
- Free $100,000 virtual demo account
- Direct Pro platform powered by DAS Trader for advanced charting and order routing
- Long operating history since 2000
- SIPC protection up to $500,000
- ChoiceTrade Elite platform fee waived with $30,000+ account balance
Cons
- Inactivity fee of $55 per quarter for low-activity individual/joint accounts
- Paid platform subscriptions required for advanced tools
- No forex, crypto, commodities, or futures trading
- ACH withdrawal fee of $5 (max 3 per month); domestic wire $35; international wire $60
- Limited funding methods - primarily bank transfer and ACH
- Limited educational resources compared to larger brokers
- Cash-settled options (SPX, OEX, RUT, VIX) carry an additional $0.75 per-contract surcharge