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TradeZero Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
6d ago
Regulated and trusted. Tested via live trading.
8,642 people chose this broker
Available in United States

Why choose TradeZero

TradeZero is a global stock broker that provides mostly commission-free stock and ETF trading.

Account opening is fully online, straightforward and quick, and it has great education materials and customer service. It is a good choice for beginner investors.

Among some negatives, there's a quite high withdrawal fee, and TradeZero offers no bank card option for deposit and withdrawal. In addition, its product portfolio is limited only to stocks, ETFs and options.

BrokerChooser gave TradeZero a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Commission-free stock and ETF trading above a certain volume
  • Quick and easy account opening
  • Excellent education and customer support
Overall score
Minimum deposit
Stock fee
Options fee
Inactivity fee
Account opening
1 day

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to TradeZero

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price


Score: 4.3/5
TradeZero offers commission-free stock and ETF trading for volumes of over 200 shares, and there are also no deposit or inactivity fees. On the other hand, there is a steep $50 withdrawal fee.
  • No inactivity fee
  • Free stock and ETF trading above a certain volume
  • No deposit fee

We compared TradeZero's fees with two similar brokers we selected, Interactive Brokers and tastytrade. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of TradeZero alternatives.

Commission-free stock and ETFs

It’s extremely great as TradeZero has commission-free US stock trading.

US stock
Interactive Brokers
TradeZero stock and ETF commission

Low margin rates

TradeZero USD margin rate fees are slightly lower than the industry average. USD margin rate fees are calculated as follows: 9% annual charge

USD margin rate
Interactive Brokers
TradeZero annual margin rates

Low options commission

TradeZero US stock index options fees are about half of the industry average. US stock index options fees are calculated as follows: $0.59 per contract

US stock index options
Interactive Brokers
TradeZero stock index options commission

No inactivity fee, high withdrawal fee

There is no inactivity fee - similarly to most competitors - but TradeZero charges a $50 withdrawal fee.

Inactivity fee
Withdrawal fee
Interactive Brokers
TradeZero inactivity, withdrawal and other fees


TradeZero is a legit brokerage. Its US and Canadian clients enjoy top-tier regulation and a high level of investor protection. Among negatives, TradeZero has no banking license.
  • Top-tier US & Canada regulation
  • High protection to US & Canadian customers
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Deposit and withdrawal

Score: 0.8/5
You can deposit at TradeZero using wire bank or Revolut/Wise transfers. Unfortunately, no bank cards or electronic wallets are accepted. There's also a high withdrawal fee, and deposits are only in USD.
  • User-friendly
  • No deposit fee above $500
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Account opening

Score: 5/5
The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
  • Fast
  • Fully digital
  • User-friendly
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Mobile app

Score: 4.5/5
TradeZero's mobile trading app is user-friendly and well designed, with great search, alert and order functions.
  • User-friendly
  • Good search function
  • Good variety of order types
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Desktop platform

Score: 4.3/5
TradeZero has a user-friendly desktop trading platform with great features.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
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Product selection

Score: 2/5
TradeZero focuses on stocks, options and ETFs. This means that other popular asset classes such as bonds, mutual funds, forex or futures are not available to trade.
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“I recommend TradeZero for investors and traders interested in commission-free trading and a focus on US stocks and options.”


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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Krisztián Gátonyi
Author of this review
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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