ChoiceTrade vs IMPACT by Interactive Brokers
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
ChoiceTrade
This platform provides active, self-directed traders with advanced tools and a choice of trading applications to support their strategies. It aims to offer state-of-the-art technology for informed decision-making, ensuring benefits and convenience outweigh trading costs.
- Advanced trading tools
- Choice of trading applications
- State-of-the-art technology
- Support for trading strategies
- Informed decision-making tools
- Benefits and convenience
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ChoiceTrade is an advanced-technology securities brokerage firm that has been in business since 2000. We cater to active, self-directed traders and are committed to making available the most state-of-the-art tools - tools that give our customers their best opportunities for realizing success in their trading strategies. The mobile application trading platform that we offer is geared toward a specific trading style. We have selected our trading applications with one goal in mind - to meet the needs of our customers and to offer them a choice. Whether that's offering a basic mobile trading application for its simplicity, ease of use and low cost, or providing a system that enhances our customer's trading experience complete with the necessary tools for making informed decisions. Regardless of the choices made, our customers are always assured that the benefits, convenience and service far exceed the commissions they'll pay at any level of trading sophistication.
IMPACT by Interactive Brokers
Invest in companies aligned with your values using ESG data and tools. Monitor portfolio performance, receive recommendations for improvement, and even donate to charities directly through the app. Access advanced trading options on other platforms.
- Invest based on personal values (ESG)
- Explore companies with similar values
- Monitor portfolio performance and grade
- Improve portfolio with 'Swap' feature
- Donate to charities directly
- View giving history
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IMPACT App by IBKR provides the tools and technology that make it easy to invest responsibly in companies that uphold the principles you believe in. Select the values that are important to you, then Explore to find companies with similar values that fit your investment objectives. Monitor your portfolio's performance and grade with a tap. Want to improve your portfolio grade? Use Swap to trade out of one position and into another with a single order. For US residents, make more of an IMPACT by donating to your favorite charities through the IMPACT app. Tap the Give icon, search for or select a charity, specify the amount you'd like to give and submit. See your giving history using the Donations tab in the Transaction History page. Need access to options, futures and forex? You can use your account on IBKR's top-flight trading platforms like TWS, IBKR Mobile, and Client Portal. Trade your way to the world you want with IMPACT powered by IBKR, Barron's #1 rated online broker of 2021. DISCLOSURES INVESTING IN FINANCIAL PRODUCTS INVOLVES RISK TO YOUR CAPITAL. YOUR INVESTMENTS MAY INCREASE OR DECREASE IN VALUE, AND LOSSES IN DERIVATIVES OR WHEN TRADING ON MARGIN MAY EXCEED THE VALUE OF YOUR ORIGINAL INVESTMENT. The IMPACT application is a product of Interactive Brokers that allows clients to generate analysis of their IBKR brokerage accounts using environmental, social, and governance ("ESG") data provided by unaffiliated third-party data providers along with proprietary in-house algorithms and trade and account data contained in IBKR's systems. ESG information is not verified by IBKR and may differ from the information provided by other firms. For more information, please see the "Interactive Brokers Disclosure regarding Use of IMPACT and ESG Dashboard and IMPACT Application". The projections or other information generated by IMPACT app regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time. IBKR’s services are offered through the following companies, depending on your location: • Interactive Brokers LLC • Interactive Brokers Canada Inc. • Interactive Brokers Ireland Limited • Interactive Brokers Central Europe Zrt. • Interactive Brokers Australia Pty. Ltd. • Interactive Brokers Hong Kong Limited • Interactive Brokers India Pvt. Ltd. • Interactive Brokers Securities Japan Inc. • Interactive Brokers Singapore Pte. Ltd. • Interactive Brokers (U.K.) Ltd. Each of these IBKR companies is regulated as an investment broker in its local jurisdiction. Each company’s regulatory status is discussed on its website. Interactive Brokers LLC is a SIPC member.
Screenshots
Verdict
The clearest difference is rating: ChoiceTrade at 5.0 against IMPACT by Interactive Brokers's 4.5. ChoiceTrade also leads on ads (none vs shown) and review sentiment (100% vs 67%). IMPACT by Interactive Brokers's advantage is ratings volume (57 vs 2). On price, update cadence, in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
ChoiceTrade holds the better App Store score, 5.0 against 4.5. That said, the two scores are not equally well evidenced: IMPACT by Interactive Brokers has 57 ratings behind it against 2, so its average is the more settled of the two. Written reviews point the same way: 100% of ChoiceTrade's written reviews are positive against 67% of IMPACT by Interactive Brokers's.
Both ship on a similar rhythm, roughly every 2 months. The most recent releases landed on October 16, 2026 and October 22, 2026 respectively.
| Parameter | ChoiceTrade | IMPACT by Interactive Brokers |
|---|---|---|
| Price | Free | Free |
| Rating | 5.0 (2 ratings) — better | 4.5 (57 ratings) |
| Positive reviews | 100.0% of reviews — better | 66.7% of reviews |
| Number of ratings | 2 | 57 — better |
| Update frequency | Every 2 months | Every 2 months |
| Ads | No — better | Yes |
| In-app purchases | No | No |
| Monetization | Free — better | Free with in-app purchases |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 13.0 — better | 15.0 |
| Further details — not scored | ||
| Size | 29 MB | 49 MB |
| Age rating | 4+ | 4+ |
| Developer | ChoiceTrade | Interactive Brokers LLC |
Customer experience
ChoiceTrade
IMPACT by Interactive Brokers
In-app purchases
ChoiceTrade
No in-app purchases
IMPACT by Interactive Brokers
No in-app purchases
Questions
Is ChoiceTrade free?
Is IMPACT by Interactive Brokers free?
Which has better reviews, ChoiceTrade or IMPACT by Interactive Brokers?
Do ChoiceTrade or IMPACT by Interactive Brokers have ads?
Which is updated more often, ChoiceTrade or IMPACT by Interactive Brokers?
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