![]() What is the minimum deposit at ChoiceTrade? Domestic ACH fee is $5 (limit: 3/month).The inactivity fee for corporate accounts is a hefty $50 per month but the fee is waived if at least 5 trades are performed within the month. The inactivity fee and the withdrawal fees are rather steep and the broker charges a one-time fee for setting up non-US individual and corporate accounts. There is a monthly $10 fee for non-US account maintenance.Īn inactivity fee of $40 per quarter is levied on individual accounts if less than 5 trades are executed in the previous quarter. ChoiceTrade stock index options commission on 10 contractsĬhoiceTrade has high non-trading fees. However, there is a maximum of $20 per trade, so if you trade higher volumes in one trade the fee becomes more favorable. Options feesĬhoiceTrade options fees are high. The commission for options is $0 per trade plus $2 per contract. The financing rates above are also applied to options trades. It can account for a significant portion of your trading costs.ĬhoiceTrade margin rates are high. You have to pay interest on this borrowed money – the interest rate is called the margin rate. Trading on margin basically means that you borrow money from your broker so that you can purchase more shares than you could with the available cash in your account. If you prefer stock trading on margin, you should check ChoiceTrade's margin rates. ChoiceTrade stock and ETF commission for a $2,000 trade Also, if you trade premarket and aftermarket, there'll be a $0.005 fee per share. Stock fees and ETF feesĬhoiceTrade offers low stock and ETF commissions. If you trade stocks and ETFs listed on the 5 exchanges made available by the broker, the commission is zero, except for penny stocks. The broker charges $12 per trade for over-the-counter (OTC) stocks and ETFs, and requires a $100 minimum cash balance at all times for OTC stocks. Stock trades executed on the tZERO alternative trading system (ATS) carry a commission of 2% of the principal value of the trade, subject to a $25 minimum fee per trade. There's a comprehensive list of rates and fees featured on the broker's website, but the structure is not easy to understand at first glance. ChoiceTrade trading feesĬhoiceTrade trading fees are low. To have a clear overview of ChoiceTrade, let's start with the trading fees. ![]() See a more detailed rundown of ChoiceTrade alternatives. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also compared ChoiceTrade's fees with those of two similar brokers we selected, tastyworks and SogoTrade. For example, in the case of stock investing the most important fees are commissions. In the sections below, you will find the most relevant fees of ChoiceTrade for each asset class. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.These can be commissions, spreads, financing rates and conversion fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked ChoiceTrade's fee levels as low, average or high based on how they compare to those of all reviewed brokers.įirst, let's go over some basic terms related to broker fees. $50 for corporate accounts if you made less than 5 trades in the previous quarter $40 per quarter for individual accounts if you made less than 5 trades in the previous quarter. Stocks above $1 have no commission, US stocks below $1 cost $12 per trade, foreign stocks cost $25 per trade.
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