TradeZero Broker Review and Opinions

TradeZero is a worldwide stock broker that offers mostly commission-free trading. The account opening and trading platform are both user friendly and intuitive to use.

The brokerage provides a short locator, which is ideal for traders who frequently short stocks. Unfortunately, it lacks other tools like trailing stops and automatic order ticket setups for spreads.

Opinions

TradeZero is a highly sought-after broker that offers commission-free trading, no PDT rule (as long as you’re not from the US), cutting-edge software, and up to 6-to-1 leverage – making them particularly appealing to day traders.

However, you should be aware that this broker is unregulated by either the SEC or FINRA and lacks SIPC insurance. Therefore, depositing money in your account could potentially be risky if your initial investment is less than $25,000.

The software is user-friendly and features point-and-click order routing, hot keys, watch lists, decent charting, as well as various order types like market, limit, stop limit, market on close, and conditional. Plus it comes with an add-on app that lets you place and monitor trades away from your desktop computer.

TradeZero’s platform is ideal for technical traders, offering efficient watch lists with alarms enabled. Additionally, it provides real time streaming quotes and news from Benzinga; however, its research offering is lacking compared to more comprehensive online brokers.

Benefits

TradeZero is a brokerage firm based in the Bahamas that offers low-cost trading and advanced software. It’s regulated by the Securities Commission of The Bahamas.

The broker specializes in short selling. It has developed unique technology that enables traders to locate stocks they can borrow for shorting, as well as the option to sell back unused locates, helping them recoup some of the costs associated with locating shares.

This feature gives traders access to more than 14,000 easy-to-borrow and hard-to-borrow stocks, as well as ETFs for shorting, and other types of stocks.

Customers with a minimum balance of $50,000 are eligible for free access to the platform, while active traders can take advantage of Zero Pro desktop software and Zero Mobile for just $79 per month. Level 2 data is also free if you meet certain volume requirements.

Deposit and withdrawal

TradeZero is an online brokerage offering a diverse selection of trading products. Users can utilize their accounts to trade stocks, ETFs and CFDs.

In addition to these offerings, investors can purchase and sell OTC stocks at $0.003 per share. This feature can be a huge advantage for day traders who need to execute quick trades.

Another advantage of TradeZero is its leverage, which ranges from 1:1 to 6:1, depending on account balance. This higher leverage ratio than most investment apps and CFD brokers in the industry offers an unparalleled advantage for clients.

However, this feature is only accessible to traders who meet certain criteria and make a minimum deposit of $2500. Furthermore, the brokerage charges a fee for broker-assisted trades and unqualified accounts. Furthermore, outgoing ACH transfers and return ACH transfers both cost $5 each.

Trading platform

TradeZero’s trading platform is a browser-based interface that provides charting, Level 2 quotes, hot keys and more. Plus it features a watch list as well as real-time price data.

ZeroPro, the desktop program from the company, features dynamic streaming quotes and multiple layouts for both PC and Mac computers.

TradeZero app on mobile devices allows traders to monitor their accounts. Unfortunately, it lacks some key features found on the desktop platform such as Level 2 quotes, stock screener and alerts.

Another useful feature is the option to cancel orders with a single hotkey press. This eliminates the need to click and click on each order individually, which can be time-consuming.

TradeZero’s platform is ideal for active day traders and short sellers. While it may not have all of the advanced tools that more experienced investors require, TradeZero provides excellent customer support and an easy account opening process.

Pros and cons

TradeZero is an online brokerage firm that provides various day trading platforms and software tools. It has a desktop day trading platform (ZeroPro), two main desktop trading platforms, as well as a mobile app for convenience.

ZeroPro is an advanced desktop platform that enables users to customize their pages according to their preferences. It also features level II trading information and charting tools.

For a monthly fee, this service provides six levels of level II information and ten chart windows. Its advanced tier offers additional capabilities such as real-time news, options trading, and stock screening.

The ZeroWeb platform is a web-based version of the ZeroPro desktop layout. While it lacks some features that the full ZeroPro platform offers, this web-based option remains suitable for both novices and experienced traders alike.

Account opening and login

TradeZero is an excellent option for traders of stocks, options or ETFs. As a reliable and regulated broker, they provide high levels of security for client data as well as a secure login portal.

TradeZero boasts a dedicated customer service team that is available to answer questions during normal business hours. Phone support and live chat options are both provided.

To open a TradeZero account, all that’s required is to fill out the online application form and upload your documents. Afterward, you will receive an email confirming your new account.

Education

TradeZero is a stock and options broker that specializes in short-term trading. Their level 2 quotes, attractive margin and leverage rates make them an attractive option for those seeking to make quick money in the market. Furthermore, TradeZero’s website offers plenty of free educational content on topics ranging from stock trading to technical analysis.

TradeZero not only offers the best trading platforms, but they also provide top-notch educational content in the form of videos and webinars that can be watched for free or paid for by registered account holders. Their customer service is also impressive – if there are any issues, their experienced staff is available to help out. Plus, for just $20 monthly fee you can take advantage of TradeZero’s latest offering: a personal account liaison who is a licensed series 7 representative. Overall, TradeZero is an excellent learning tool for those interested in investing in stocks and options markets around the US and Canada.

Customer service

TradeZero provides 24/7 customer support through live chat, email and phone. They also have a ticket form you can use to report any issues with your account or platform.

Trade U.S. stock and option trades at no cost on the NYSE, AMEX, and NASDAQ exchanges; however these orders must be priced at $1 or higher to qualify.

ZeroPro software is also provided free of charge in a demo account, so that customers can test out its features before investing their real funds.

Additionally, the demo account is compatible with various trading platforms, including ZeroWeb. Its features include charting with OHLC numbers, news articles, earnings histories, a watchlist and current position data. Plus it offers credit – an innovative feature which enables users to borrow shares of stocks on the platform to resell them at a profit later. Furthermore, there are various order types and duration choices available within the app.

Demo account

TradeZero provides a demo account that enables investors to experience trading in an actual environment. This is essential for any trader as it helps them decide whether or not they’ll make a purchase.

Portfolio tracking provides investors with a way to monitor their portfolio, view information such as unrealized profits, equity and buying power. All these details are clearly defined at the top of the window for easy viewing.

TradeZero also provides a stock locator to help users locate hard-to-find stocks for shorting. This makes TradeZero an ideal broker for those interested in actively shorting markets.

The platform is reliable and user-friendly, featuring point-and-click order routing, hot keys, watch lists, and impressive charting. It is accessible on desktop and mobile devices alike.