Choice IRA Review: Is it a Retirement App You Can Trust?

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Choice IRA is a retirement account that allows you to invest in both stocks and other alternative-class assets to diversify your retirement portfolio.

Choice App Choice App
4.0
Fees: $0.99 to 1% per trade
Minimum investment: $0
Pros:
  • Assets in one account
  • Own your crypto keys
  • Institutional-grade security
  • Win free Bitcoin
Cons:
  • Monthly or yearly fees
  • Limited customer support
Promotion: No current promotions

Why should you tip-toe through life feeling like you’re walking on eggshells? Look around you; new investment options crop up daily, waiting for you to explore them. Opening a Choice account is a way for you to exploit these investments.

Cryptocurrencies are volatile, and some IRA custodians limit how much you can invest in them. However, higher-risk investments can lead to greater rewards.

Investing 5% of your retirement savings in virtual assets can yield significant returns. Check out this Choice IRA review if you’re considering diversifying your retirement portfolio.

What is Kingdom Trust?

Choice app homepage
Choiceapp.io

Kingdom Trust is an IRA custodian that focuses on self-directed IRAs. The company has been around since 2009, and it holds billions of assets on behalf of its clients. In 2021, the company decided to rebrand itself as Choice.

Choice offers a variety of investment opportunities to its clients, unlike most traditional IRAs, which focus on investing in the stock market alone.

With Choice, clients can invest in exchange-traded funds (ETFs), precious metals, and cryptocurrencies, in addition to the standard stock for retirement.

Ryan Radloff founded Choice, formerly Kingdom Trust, in Murray, Kentucky, back in 2009, with the intention of shifting the market toward alternative asset investing. This has been possible so far thanks to technology and regulatory IP.

Choice’s mission is to become an “industry leader in understanding the regulatory and compliance environment for their strategic relationships and their clients.”

Choice IRA App

Choice offers a mix of traditional assets and alternative investments. You can access the former via Interactive Brokers. The company partnered with Kraken to give its clients access to cryptocurrencies.

The Choice app has diverse membership options to suit your taste, including the no annual fee plan, cold storage, and hold your keys. The main difference in these options is how they hold your cryptos.

The no Annual fee option stores the cryptos on exchanges where you can trade them anytime. In Hold Your Keys, you choose where to store your cryptos, whereas the cold storage plan holds your cryptos offline for safety reasons.

Remember, Kraken has over 200 cryptocurrencies for trading, whereas the Choice app only allows you to select a few cryptos on the platform. You should familiarize yourself with the cryptos you can trade on the app before you invest in it to avoid losses.

The benefit of the Choice app is that no brokers can eat into your profits. You can access the app anytime, as it is available 24/7. Besides, the app lets you transfer funds from an existing retirement scheme if you already have one.

The Choice app charges minimal fees for the accounts compared to similar platforms such as Bitcoin IRA. There are no hidden costs; you won’t pay a dime for trading on the platform. In Choice, a crypto IRA is also possible for crypto lovers.

Choice Fees & Pricing

Trade SizeFee (per trade)
Under $50$0.99
$50 – $99.99$1.49
$100 – $249,999.991.49%
$250,000 – $499,999.991.25%
$500,000+1.00%
TypeCold StorageHold Your Keys
Minimum balance:$0$0
Setup fee:$0$625
Annual account fee:1%$160
Deposit fees:$0$0
Traditional asset custody:$0$0
Traditional asset trading fee (Choice):$0$0
Interactive Brokers’ trading fee:$0.005 per share ($1 minimum)$0.005 per share ($1 minimum)
Location:Choice’s cold storageYour personal cold storage

How Does Choice IRA Compare?

Primary Rating:
4.0
Primary Rating:
5.0
Primary Rating:
4.5
Minimum investment:
$0
Minimum investment:
$3,000
Minimum investment:
$1,000
Fees:
$0.99 to 1% per trade
Fees:
3.99% set-up fee, 2% trading fee, 0.08% maintenance fee
Fees:
1%
Promotion:
No current promotions
Promotion:
No current promotions
Promotion:
No current promotions
Primary Rating:
4.0
Minimum investment:
$0
Fees:
$0.99 to 1% per trade
Promotion:
No current promotions
Primary Rating:
5.0
Minimum investment:
$3,000
Fees:
3.99% set-up fee, 2% trading fee, 0.08% maintenance fee
Promotion:
No current promotions
Primary Rating:
4.5
Minimum investment:
$1,000
Fees:
1%
Promotion:
No current promotions

Who Should Use Choice IRA?

Choice IRA is open to anyone who is interested in diversifying their retirement portfolio. You do not have to be an expert to trade on the platform. Choice has another platform for getting valuable insights from financial advisors to help you navigate the uncertain investment environment.

Expect to get a self-administered IRA account if you decide to use the company. The account will grant you access to both traditional and alternative investment options. You’ll have better odds of improving the value of your retirement portfolio when you spread your investments.

Getting Started with Choice App

  1. Install Choice App on iOS or sign-up on your browser
  2. Create your account
  3. Fund your IRA
  4. Start investing in assets

Should I Invest with Choice IRA?

You should use Choice IRA as your investment partner. The days of relying on traditional stocks for your retirement portfolio are over, as there is now a variety of investment options that you can explore.

Through Choice IRA, you can invest in cryptos that may be volatile but have better yields. In case you are risk averse, Choice IRA allows you to invest in precious metals such as very stable gold.

Choice IRA will enable you to mix traditional and alternative assets for better yields. Go through Choice IRA reviews online, and you’ll notice this is a transparent company that has your best interests at heart.

Furthermore, the company’s pricing is among the lowest in the industry. High account fees dilute investors’ profits; that’s not what Choice wants.

Create an IRA with Choice today if you want to cast your investment net wider.

Choice App FAQs

Here are answers to common questions people ask about Choice app:

Is Choice a legitimate company?

Yes, Choice is a legitimate company that complies with all the applicable state laws and regulations.

Who owns Choice?

Ryan Radloff is the founder and owner of Choice IRA. He doubles up as the CEO of the company.

Does Choice have any pending lawsuits or complaints?

No, there are no pending lawsuits. Choice has responded to all cases and complaints brought against it in the past.

Where is Choice located?

The address is 1105 State Route, 121 North Suite B, Murray, Kentucky 42071.

Bitcoin IRA

Bitcoin IRA is the 1st and most trusted crypto IRA platform that lets you self-trade cryptocurrency in a self-directed IRA. Open an account today.

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Choice App
choice app review

Choice enables you to invest in bitcoin, crypto, stocks, and more in a single IRA. You can also play Blinko & stack free sats daily.

Product Brand: Choice

Editor's Rating:
4

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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