Review TradeZero
Founded in 2014, TradeZero is a global fintech firm with offices in the U.S., Canada, and the Bahamas. The platform offers access to stocks, options, and ETFs, with a focus on low-cost trading, including zero-commission trades for select assets. Catering to both day traders and long-term investors, TradeZero provides Cash and Margin accounts with advanced features like short selling and direct market access. The platform is equipped with powerful tools, including real-time data and risk management features, ensuring a seamless trading experience.
Recommended to:
TradeZero is recommended for active traders and investors who seek low-cost trading options, advanced tools, and features like short selling and direct market access.
Pros
- Commission-free trading on Stocks and ETF
- Strong customer support service
- Simple and easy setup procedure
Cons
- Product portfolio is limited
- Limited based currencies
- Transfers exclusively via bank transfer
Review’s Keypoints
Country of regulation
United States, Bahamas, Canada
Minimum deposit
$500
Time to open an account
1-2 days
Trading fees class
Low
Deposit with bank card
Not available
Number of base currencies supported
1
Products offered
Stocks
ETF's
Options
Depositing with electronic wallet
Not available
Demo account provided
Yes
Fees
TradeZero offers zero-commission trades for U.S. stocks on qualifying limit orders, but fees apply to market orders, short selling, margin trading, and certain services like direct market access. Traders should review the fee schedule for specific costs based on their activities.
Pros
- Free stock and ETF trading above a certain volume
- Lack of inactivity fees
- No deposit fees
Cons
- High withdrawal fee
Account
Opening an account with TradeZero is fully digital and straightforward. After your account is open, you can fund it via wire transfer or ACH. TradeZero currently accepts applications from residents of the United States, Canada, Australia, the United Kingdom, and several other countries.
Individual Account:
Individual Account:
A standard account for individual traders looking to trade stocks, options, and other securities.
Joint Account
Joint Account
An account shared by two or more individuals, allowing them to trade collectively.
Corporate Account:
Corporate Account:
Designed for businesses and corporate entities, enabling them to trade under a company name
IRA Account
IRA Account
A retirement account that allows U.S. residents to trade while enjoying tax advantages associated with an Individual Retirement Account (IRA).
Click on the card to see details
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01Complete an online application through the web
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02Add financial and trading info
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03Submit identification documents
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04Fund your account
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05Download the Trading Platform and start trading
Transfers
TradeZero allows deposits via wire transfer or ACH, with funds available in 1-2 business days. Withdrawals are processed by wire transfer, taking 1-3 business days. ACH deposits are free, while wire transfers may have fees. Withdrawal fees are $50 for domestic and $75 for international transfers. Check with your bank for any additional charges.
Pros
- Quick transfer processing
Cons
- One base currency
- Withdrawal fees
Trading Platforms
Web trading platform
TradeZero's web trading platform offers a user-friendly interface with real-time data, advanced charting, and customizable layouts. It supports trading in stocks, options, and ETFs with direct market access for fast execution. Accessible from any browser, it combines ease of use with advanced features, making it ideal for traders of all levels.
Mobile trading platform
TradeZero's mobile trading platform offers a streamlined experience with real-time data, advanced charting, and customizable features, all optimized for mobile use. It supports trading in stocks, options, and ETFs, providing direct market access for quick execution. Designed for traders on the go, the mobile platform ensures you can manage your trades efficiently from anywhere, combining ease of use with powerful trading tools.
Desktop Trading platform
TradeZero's desktop trading platform is designed for serious traders, offering advanced features like real-time data, detailed charting, and fully customizable layouts. It supports trading in stocks, options, and ETFs with direct market access, ensuring fast and precise execution. The platform is highly responsive and provides a robust environment for executing complex trades, making it ideal for active and professional traders who require powerful tools and high-level performance.
Offering
Tools
Advanced Charting
The platform provides detailed, customizable charts with various technical indicators to help traders analyze market trends and make informed decisions.
Order Types
The platform supports a wide range of order types, including trailing, range, market (MKT), limit (LMT), and stop orders, offering traders enhanced flexibility in executing their trades.
Alerts and Notifications
Users can set up alerts and notifications for specific price levels or trading events, helping them stay informed and act quickly.
Direct Market Access (DMA)
TradeZero allows traders to place orders directly on the exchange, ensuring fast execution and better control over trades.
Price Alarm
Price Alarm is a trading tool in TradeZero that allows traders to set alerts for specific price levels. This feature ensures users are notified instantly when a stock reaches their chosen target, helping them stay on top of market movements.
Hotkeys
Hotkeys in TradeZero provide traders with the ability to execute trades instantly with customizable keyboard shortcuts, enhancing speed and efficiency. This tool allows for quick actions like buying, selling, or canceling orders, making it ideal for active traders looking to capitalize on fast market movements.
Algo Orders
Algo Orders in TradeZero enable traders to automate trade executions based on pre-set criteria, allowing for strategic and efficient market participation.
Regulation
TradeZero is regulated by the Securities Commission of the Bahamas (SCB) for its international operations, ensuring compliance with financial standards and practices in that jurisdiction. For U.S. clients, TradeZero America is registered with the SEC and is a member of FINRA and SIPC, offering additional protection and oversight. These regulatory frameworks provide traders with a level of security and transparency, ensuring that the platform operates within established legal and ethical guidelines. This regulation is essential for maintaining trust and safeguarding client assets.
Bottom Line
TradeZero is ideal for active traders, especially those focused on short selling, options, and U.S. stocks. It offers advanced tools, direct market access, and a strong desktop platform, making it great for experienced traders. The platform is user-friendly across web, mobile, and desktop, with commission-free trading on select accounts. However, beginners might find it complex, and fees for wire transfers and international withdrawals could be a drawback. Overall, TradeZero is best suited for seasoned traders who need powerful trading tools and fast execution.
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