TradeZero Broker Review 2024

Established in 2015, TradeZero International has quickly gained popularity among day traders and short-sellers. this Bahamian-based brokerage offers options trading with maximum leverage up to 6x.

In TradeZero Options, every user has access to 24/7 support and it’s just one of its good features. In this comprehensive review, we'll dive deep into TradeZero's offerings, from its unique features to potential drawbacks, helping you decide if it's the right fit for your trading needs.

All the information provided in this review is based on TradeZero International.

TradeZero Forex broker Company Information & Regulation

TradeZero is a financial services firm that has been making waves in the trading community since its inception in 2015. The company's mission is to empower traders by providing a progressive and innovative trading experience. Here's what you need to know about TradeZero's company information and regulation:

• Headquarters: Nassau, Bahamas;
• Founded: 2015;
• Regulation: Registered with the Securities Commission of the Bahamas;

• Membership: Bahamas Financial Services Board.

While TradeZero International is not directly regulated by the SEC or FINRA, its U.S. subsidiary, TradeZero America, is regulated by these authorities. This dual structure allows the company to serve both international and U.S. clients, albeit through separate entities.

It's important to note that TradeZero International does not accept clients from the United States, Canada, or the Bahamas due to regulatory restrictions. For traders in these countries, TradeZero America and TradeZero Canada are available as alternatives.

Summary of Specifics

To give you a quick overview of what TradeZero offers, here's a summary table of its key features:

TradeZero stands out for its powerful trading platforms, high intraday leverage, and extensive short-selling capabilities. However, it's worth noting that the broker has limited product offerings compared to some competitors, focusing primarily on stocks, ETFs, and options.

What Accounts Are Offered by TradeZero?

TradeZero offers a variety of account features to cater to different trading styles and preferences. While they don't have traditional "account types" like some brokers, they provide flexible options within a single account structure. Here's what you need to know:

• Minimum Deposit: Start trading with $500;
• Leverage Options: Up to 6:1 intraday leverage for accounts over $500, 1:1 leverage for accounts under $500;
• Commission-Free Trading: Enjoy $0 commissions on limit orders for stocks priced $1 and above (minimum 200 shares);
• Extended Trading Hours: Trade from 4:00 AM to 8:00 PM ET;
• No Pattern Day Trading Rules: Trade as actively as you like without restrictions.

TradeZero's account structure is designed to provide maximum flexibility for active traders, especially those interested in day trading and short selling. The absence of pattern day trading rules and the availability of high leverage make it particularly attractive for aggressive trading strategies.

How Can I Sign-Up in TradeZero? Easy and Comprehensive Guide!

Opening an account with TradeZero is an easy process; Which you can done in 10 minutes:

1. Visit the TradeZero website and click on "Sign Up";
2. Choose your country of residence;
3. Fill out the application form with your personal information including first & last name, email and password;
4. Verify your email address;
5. Upload the required verification documents including Government-issued ID (passport, driver's license) and Proof of address (utility bill, bank statement);
6. Fund your account (minimum $500);
7. Wait for approval and then, start trading.

The verification process usually takes 1-2 business days. Once approved, you'll have full access to TradeZero's trading platforms and features.

Remember, TradeZero offers a 3-part bonus for new signups, including a deposit bonus, discounted locates, and free access to their ZeroPro platform for three months. Be sure to check the current promotional offers when you sign up!

What Are TradeZero Options Trading Platforms?

TradeZero offers a suite of trading platforms to suit different trader preferences and needs:

ZeroPro

The flagship desktop platform:

• Advanced charting with over 60 indicators;
• Level 2 market depth;
• Customizable layouts and hotkeys;
• Real-time news and market data.

ZeroWeb

Browser-based platform:

• Access from any device with internet connection;
• Similar functionality to ZeroPro;
• No download required.

ZeroMobile

Mobile trading app:

• Available for iOS and Android;
• Real-time quotes and charts;
• Place trades on the go.

ZeroFree

Basic web-based platform:

• Free to use;
• Limited features compared to other platforms;
• Suitable for beginners or casual traders.

All platforms offer real-time data, advanced order types, and access to TradeZero's short locate feature. The choice of platform depends on your trading style, technical requirements, and whether you're willing to pay for advanced features.

How Much Are TradeZero Fees and Commission?

TradeZero's commission structure is designed to be competitive, especially for active traders. Here's a breakdown of their fees:

Stocks priced $1 and above

• $0 commission for limit orders (200+ shares)
• $0.005 per share for market orders (min $0.99, max $9.99)

Stocks under $1

• 5% of trade value (min $0.99, max $9.99)

Options

• $0.59 per contract
• $0.0 Routing pass through fee
• $0.0 Commission fee

Platform Fees

• ZeroPro: $59 per month
• ZeroMobile: Free

Other Fees

Beside the fees that we mentioned, there are some other fees that you should consider:

• Inactivity Fee: $0;
• Outgoing Withdrawals: $15;
• Reorgs: $35 for reverse splits and symbol changes;
• Incoming Deposit: $15 for all deposits;
• Broker Assister Trades: $30 per trade.

What are the Available Payment Methods at TradeZero?

The only available option for deposit and withdrawals is bank transfer; Unlike other brokers such as Windsor, Oanda, Pepperstone, Admirals, etc, there are no other options available for funding and withdrawals and it’s a huge drawback for TradeZero Options.

Is Copy Trading & Investment Options Available at TradeZero International?

TradeZero focuses primarily on providing tools for active, self-directed traders. As such, they do not offer traditional copy trading or social trading features. Their platforms are designed for traders who want to execute their own strategies rather than following or copying others.

Does TradeZero Options Offer Bonuses?

TradeZero International offers an attractive bonus package for new clients, designed to give traders a head start:

• 1% Deposit Bonus: Receive a 1% bonus on your initial deposit with maximum amount of $1,000;
• 5% Locates Discount: Get a 5% discount on short locate fees for the first 3 months;
• 3 Months Free Platform Access: Free access to ZeroPro and ZeroWeb platforms for 3 months.

These promotions can provide significant value, especially for traders planning to actively use TradeZero's advanced features like short selling and the ZeroPro platform. However, always read the full terms and conditions before taking advantage of any bonus offers.

TradeZero International Customer Support

TradeZero provides multiple channels for customer support, ensuring that traders can get help when they need it:

• Live Chat: Available 24/7, accessible directly from the TradeZero website and trading platforms;
• Phone Support: Call center hours: 8 AM to 5 PM ET on weekdays;
• Email Support: support@tradezero.co, Suitable for non-urgent inquiries or detailed questions;
• Indoor Meetings: TradeZero may occasionally host events or seminars for traders.

TradeZero's customer support is available in multiple languages, including English, Arabic, Italian, Portuguese, and Spanish, catering to a global client base. The 24/7 live chat option is particularly valuable for traders operating in different time zones or outside regular business hours.

TradeZero Broker Trust Scores & Reviews

TradeZero has garnered generally positive reviews from users, reflected in its high Trustpilot score of 4.5/5 based on 2,970+ reviews. Here's a breakdown of the key points from user feedback:

Positive Aspects:

• Advanced trading software and powerful charting tools;
• Real-time market data and fast order execution;
• Excellent short-selling capabilities, even for hard-to-borrow stocks;
• Responsive customer service and 24/7 live chat support;
• Comprehensive educational resources.

Areas of Concern:

• Some users report issues with account withdrawals;
• Occasional trade rejections, particularly for penny stocks;
• Technical problems reported by a small number of users.

Overall, TradeZero review appears to be well-regarded by active traders, particularly those focused on day trading and short selling. The platform's advanced features and competitive pricing structure are frequently praised.

However, as with any broker, it's important to consider both the positive and negative feedback when making your decision.

TradingFinder Expert Conclusion and Final Words

TradeZero stands out as a compelling option for active traders, particularly those interested in day trading and short selling U.S. stocks and options. Its advanced platforms, high leverage for options trading [6x], and competitive pricing structure make it an attractive choice for both newbies and experienced traders.

But like any other brokerage, TradeZero Options has some cons and as an example, forex trading is not available! In the end, will you choose this broker after reading TradeZero review?