Choice Trade Online Brokerage Firm
For those who want to trade Options or Equities I recommend you ChoiceTrade, a Broker headquartered in New Jersey, ChoiceTrade is an online brokerage firm that offers stock and options trading using state-of-the-art trading tools and deeply discounted commissions.
ChoiceTrade offers 3 trading platforms: ChoiceTrader Online, ChoiceTrader Direct Pro, ChoiceTrader Select.
All three platforms can be used to trade stocks and options. The online platform gives customers access to quotes, research and customized watch lists, Active traders might prefer the ChoiceTrader Select, which provides all of the services of the online platform plus direct access trading, advanced order entry, and algorithmic trading.
The ChoiceTrader Direct Pro is the most advanced platform. For a $60 monthly fee, traders have all of the services available in ChoiceTrader Select plus advanced charting, bracket orders, position and order management, as well as other analytical tools.
For the first time in the history of Wall Street, individual investors have access to Option Vision’s institutional-level tools, which include volatility studies, correlation analyzers, value at risk studies, and “what if” scenarios.
There is no minimum value required to open an account at ChoiceTrade and there is no monthly fee for their base platform, ChoiceTrader Online.
ChoiceTrade has low costs; you can read their prices bellow:
- Options: Online orders for 1-20 contracts are 0.99 per contract ($8.95 minimum – no trade fee). Online orders of 21 or more contracts are only 0.75 per contract. $25 surcharge for broker-assisted trades. $15 for exercise and assignment.
- Equities: $5.00 for online trades; $5.00 or 1/2-cent per share all-in on Direct Pro; $25 surcharge for broker-assisted trades.
ChoiceTrade provides real-time streaming quotes (free with 5 trades a month, regular price $14.95) and Level II. (Esignal subscription necessary for ChoiceTrader Select).
Risk Disclosure: Options are risky investments and not suitable for all investors.
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