I want to get started with trading stocks, how do I open a new account?

The fastest and easiest way to open an account with ChoiceTrade is to sign up online. You can also request a new account pack by email or download the required form directly from our website.

Is my ChoiceTrade account insured?

As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org. SIPC insurance does not protect or insure against market loss.

Is there a minimum requirement to open an account?

Cash Accounts: There is $100 minimum required to open a cash account. Margin Accounts that do not engage in day trading: If you do not intend to engage in day trading, you may deposit as little as $2,000, and then maintain your account at or above that level. Day Trading Accounts: There is a $25,000 initial minimum required to establish a ChoiceTrade account. In addition to the minimum, in order to open a ChoiceTrade account, your account must be approved as a margin account. After your account is established, a $25,000 minimum account balance will also be required. Accounts that fall below the required minimum will be subject to certain restrictions, and additional funds may be required. In addition to these requirements, it is strongly recommended, but not required, that you have at least one year of online trading experience and at least one month of live trading experience on a direct access platform before opening a ChoiceTrade account.

How will I know when my ChoiceTrade account has been approved?

When we receive your completed application and the required initial minimum deposit, and we approve your account, we will send you an email letting you know that your account has been approved. You can also contact us by phone for any additional instructions.

How do I fund my account?

There are many different ways to fund your account. Visit our Funding Page for information on the different options that we offer.

Is the mobile application free?

The ChoiceTrade Mobile Application is free for ChoiceTrade users. Trades are charged as applicable - see our commissions page.

Do ChoiceTrade brokerage commissions apply when I use the ChoiceTrade Mobile Application?

Yes. Unless otherwise noted, brokerage commissions apply to all mobile trades

How secure is my information with ChoiceTrade Mobile?

ChoiceTrade Mobile does not store your password or any other information on the device. Just like trading online, all communications are secured with high-level SSL encryption.

As a ChoiceTrade customer, do I have access to live data through ChoiceTrade Mobile?

The ChoiceTrade Mobile Application is currently limited to accounts enabled for real-time quotes.

Where do I go to download the application?

There is nothing to download! Simply point your mobile browser to m.choicetrade.com.

Which mobile devices do you support?

The ChoiceTrade Mobile Application is currently supported on all mobile devices, phones, and tablets that have browsers.

Is streaming data available on the Mobile Application?

Yes! Streaming data is supported. If you have signed up for real-time data, then quotes will update in real-time; otherwise, they will be delayed.

Can I trade multiple accounts using ChoiceTrade Mobile?

Yes. ChoiceTrade Mobile supports multiple linked accounts. Log in with your parent account and access with child account(s).

What are the differences and benefits of cash, margin & Day Trade?

In a cash account, you may generally buy up to the cash available in your account. In a margin account, you may generally buy (except for low-priced stocks) up to 2X the cash in your account. The difference between your purchase price and the cash available in your account is given to you in the form of a margin loan by our clearing firm, on which you pay interest for as long as you hold the position. Further, in a margin account, if you buy and sell within two business days, your sales proceeds are immediately available for a new purchase. In a cash account, you have to wait until the sale settles for funds to become available.

Do I have to make a deposit in order to buy stocks?

Yes, you will need to have cleared funds in your account before you can place a buy order.

I want to get started with trading stocks, how do I open a new account?

The fastest and easiest way to open an account with ChoiceTrade is to sign up online https://www.choicetrade.com/apply

Does ChoiceTrade offer mobile trading?

Yes, you can download the official ChoiceTrade trading application from the Apple App and Google Play Stores for your phone or tablet. We also offer a mobile trading website (https://m.choicetrade.com) that work in your phone or tablet browser.

Is the mobile application free?

The ChoiceTrade mobile apps are free for ChoiceTrade users. Trades are charged as applicable - see our commissions page.

Do ChoiceTrade brokerage commissions apply when I use the ChoiceTrade mobile application?

Yes. Unless otherwise noted, brokerage commissions apply to all mobile trades.

How secure is my information when trading on the ChoiceTrade app?

Just like trading online, all communications are secured with high-level SSL encryption. In addition, you can use biometric security to better secure your login.

Which mobile devices do you support?

The ChoiceTrade app is currently supported on all Apple and Android mobile devices. In addition, our mobile website is available to any device with a web brower.

Can I trade multiple accounts using the ChoiceTrade app?

Yes. The ChoiceTrade app supports multiple linked accounts. Login with your parent account and accessed with child account(s).

I'm signed up for real-time quotes, but I'm getting delayed quotes on the app or mobile site. How do I fix this?

To receive real-time quotes on the app and mobile site, you must first subscribe to real-time quotes on the regular trading site on your computer. Once this is done, if you are still getting delayed quotes on the mobile site, please make sure that your mobile browser is set to ALWAYS accept cookies. Then clear your mobile browser's cookies and cache and log in again.