Updated September 28, 2026 · BrokerCue Editorial Team
ChoiceTrade vs Spreadex
Where ChoiceTrade and Spreadex differ
| Compare |  ChoiceTrade |  Spreadex |
|---|---|---|
| Minimum deposit | $100 | £0 |
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Options | Stocks, Forex, CFDs, Options, Spread betting |
| Regulators | SIPC | Financial Conduct Authority (FCA), UK Gambling Commission |
| Investor protection | SIPC up to USD 500,000 | FSCS up to GBP 85,000 |
| Platforms | ChoiceTrade Direct Pro, ChoiceTrade Elite, Mobile Apps | Web, Mobile |
| Account fee | $10 | Not confirmed |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 61% |
| EUR/USD spread | Not confirmed | 0.6% |
| Options contract fee | $0.40 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
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Key differences
- Spreadex scores higher overall: 9.3 vs 8.9.
- Regulators: only ChoiceTrade offers SIPC.
- Regulators: only Spreadex offers Financial Conduct Authority (FCA), UK Gambling Commission.
- Founded is lower at Spreadex: 1999 vs 2000.
- Markets: only ChoiceTrade offers ETFs.
- Markets: only Spreadex offers Forex, CFDs, Spread betting.
- Platforms: only ChoiceTrade offers ChoiceTrade Direct Pro, ChoiceTrade Elite, Mobile Apps.
- Platforms: only Spreadex offers Web, Mobile.
- Support channels: only ChoiceTrade offers Email.
- Support channels: only Spreadex offers Help centre.
Our verdict on each
ChoiceTrade
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.
Spreadex
Spreadex suits UK traders who want to deal shares without a trade commission, with the same account carrying forex, CFDs, options and spread betting. Regulated in the UK with FSCS investor protection, it ranks 1 of 161 brands on stock trade fees, which sit at £0.
Score breakdown
| Area | ChoiceTrade | Spreadex |
|---|---|---|
| Cost | 8.9Trade fee of $0 is the cheapest measure, offset by an account fee of $10 and an options fee of $0.40 per contract | 9.4HigherThe minimum deposit is £0, inactivity is $0 and the EUR/USD spread is 0.6%. |
| Offer | 9.0 | 9.1Higher |
| Trust | 8.9 | 9.4Higher |
Feature by feature
| Markets | ChoiceTrade | Spreadex |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Forex | No | Yes |
| CFDs | No | Yes |
| Options | Yes | Yes |
| Spread betting | No | Yes |
Availability and regulation
| Country | ChoiceTrade | Spreadex |
|---|---|---|
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 52511 | Not confirmed |
Additional countries for ChoiceTrade: 1. Additional countries for Spreadex: 1.
How they place
| Ranking | ChoiceTrade | Spreadex |
|---|---|---|
| Stock and ETF brokers | 156 of 471 | 82 of 471 |
| Options trading platforms | 55 of 103 | 27 of 103 |
Every fact side by side
| Fact | ChoiceTrade | Spreadex |
|---|---|---|
| Features | Demo account, Mobile appCovers more | Mobile app |
| Pricing model | Commission free | Commission free, Low feesCovers more |
| Audience | Experienced | Not confirmed |
| Legal entity | LETSGOTRADE INC | Spreadex Limited |
| Headquarters | United States | United Kingdom |
| Founded | 2000 | 1999Lower |
| Support channels | Email, Phone | Phone, Help centre |
Where each stands against the rest
| Fact | ChoiceTrade | Spreadex | Median |
|---|---|---|---|
| Account fee | $10above the median | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | Not confirmed | 61%lowest quarter | 72.05% |
| EUR/USD spread | Not confirmed | 0.6%below the median | 0.65% |
| Options contract fee | $0.40below the median | Not confirmed | $0.625 |
Median across 52 listed brokers.
Pros and cons
ChoiceTrade
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
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
Spreadex
Pros
- Shares cost £0 to buy and sell, and the pricing model is commission free and low fees.
- A single account covers stocks, forex and cfds, so shares, forex, CFDs, options and spread betting sit side by side.
- Trading runs on Web and Mobile platforms, and a mobile app is part of the feature set.
Cons
- Support runs on phone and help centre only, with no live chat or email listed.
- The risk warning puts 61% of retail accounts losing money.
- The market list runs stocks, forex and cfds, with no crypto, funds or bond offering.
Who each suits
ChoiceTrade
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
Spreadex
Who it suits
- UK residents who want to deal shares without a per-trade commission.
- Traders who want forex, CFDs, options and spread betting in the same account.
- Anyone who values a long operating history: Spreadex has run from the UK since 1999.
Who should look elsewhere
- Vantage, for anyone who prefers a stated minimum deposit of $5 to a free entry.
- CFI, whose minimum deposit is quoted in dollars at $0.
- Anyone who wants live chat or email support, because Spreadex lists phone and help centre only.
Country by country
| Country | ChoiceTrade | Spreadex |
|---|---|---|
| United Kingdom | No | Yes |
| United States | Yes | No |
Questions about each
ChoiceTrade
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.
Spreadex
What does it cost to deal shares on Spreadex?+
Stock trades are £0, and the pricing model is listed as commission free and low fees. Spreadex ranks 1 of 161 brands on stock trade fees, so share dealing sits at the cheaper end of what brokers charge.
Is there a minimum deposit at Spreadex?+
The minimum deposit is £0, so an account can be opened and funded with a small balance. Spreadex ranks 1 of 213 brands on minimum deposit, worth weighing against brokers that ask for a starter amount.
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