TradeZero Review 2025

Is TradeZero regulated?

Yes, it is regulated by The Securities Commission of The Bahamas.

The US entity is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

The Canadian entity is regulated by the top-tier Canadian Investment Regulatory Organization (CIRO).

Is TradeZero safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

US clients are eligible for standard protection by the Securities Investor Protection Corproation (SIPC). For clients of TradeZero International, the company offers protection via Excess SIPC insurance provided by Lloyds of London Syndicates Arch, AXA XL and Kiln. It also holds professional indemnity insurance.
TradeZero does not provide negative balance protection. If the balance on your account goes into negative, you will not be protected. However, we don't think this should be a concern as TradeZero is not a CFD/forex broker.

Our brokerage experts put together a comprehensive guide on the safety profile of TradeZero.

Background

TradeZero was established in 2015. The longer track record a broker has, the more proof we have that it has successfully weathered previous financial crises.
TradeZero's US regulation and its Excess SIPC insurance in other jurisdictions are all great signs for TradeZero's safety.

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Account base currencies

At TradeZero, the only available base currency is USD.

If you have a personal bank account in a currency other than USD, then you will be charged a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

The TradeZero deposit fee is $15.

The deposit is free for initial deposits, otherwise there is a $15 fee. Credit/debit cards are not accepted for depositing, which is a definite disadvantage.

Due to US regulations, US citizens cannot use credit cards to fund their brokerage accounts. They can only use debit cards, where available.

Here's all you need to know about minimum deposit requirements and depositing money at TradeZero.

A bank transfer can take several business days. You can only deposit money from accounts that are in your name.

TradeZero withdrawal fees and options

The TradeZero withdrawal fee is $15 which is considered average compared to industry peers.

Read our guide containing all key info on available withdrawal methods and related fees at TradeZero.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from TradeZero? We tested bank wire withdrawal and it took more than 3 business days.

How do you withdraw money from TradeZero?

• Log in to your TradeZero account
• Go to 'Wires'
• Click 'Wire Transfer Out'
• Fill the form and click 'Withdraw'

Can you open an account?

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TradeZero accepts clients from around the world. There are some notable exceptions though, e.g. Australian or Chinese customers can't open an account.

Read our separate article on how to get your account started with TradeZero.

What is the minimum deposit at TradeZero?

The required TradeZero minimum deposit is $250.

However, if you only deposit the minimum, you will have to pay a $25 fee. If you don't want to be charged a deposit fee, you have to fund your account with at least $500.

Account types

TradeZero offers three account types:

• individual
• joint
• corporate

How to open your account

The account opening process is easy and fully digital. New accounts are usually verified within one business day.
To open an account at TradeZero, just follow these 9 steps:

1. Provide information on where you live
2. Add information about your citizenship
3. Submit your employement status
4. Enter your tax data
5. Fill in a quiz testing your regulatory knowledge
6. Answer questions about your trading experience
7. Provide your risk objectives
8. Check options account profile
9. Sign the contract

To activate your trading account, you will need to identify yourself by sending TradeZero the following:

• Proof of identity: national ID / driver's license
• Proof of residency: recent bank statement, utility bill, lease for property, rental agreement or proof of insurance

TradeZero has its own-developed mobile platform called ZeroMobile.

Look and feel

The TradeZero mobile trading app is user-friendly. It is easy to navigate; everything can be found quickly.

Login and security

TradeZero provides a safer, two-step login for its mobile platform.

You can log in using biometric authentication, which is a convenient feature.

Search functions

The search functions are good.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop
• Range
• Stop Limit

There is a single order time limit you can use: Good 'til canceled (GTC).

Alerts and notifications

You cannot set alerts and notifications on the TradeZero mobile platform.

Our analysts personally tested TradeZero's mobile trading platform; read the TradeZero mobile app review for a detailed verdict on its performance and features.

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TradeZero has its own-developed desktop platform called ZeroPro.

Look and feel

The ZeroPro desktop trading platform has more features than the web platform and, unlike its web counterpart, it is customizable. The ZeroPro platform includes Level 2 information as well. On the other hand, the desktop platform is not so user-friendly as it is not that easy to navigate.

Login and security

TradeZero provides a two-step login.

Search functions

The search functions are good.

You can search by:

• company name
• symbols
• exchanges

The feature to search by exchanges is not very common at other brokers.

Placing orders

TradeZero provides a wide range of order types on the desktop trading platform.

There are also order time limits you can use on the desktop platform:

• Good for day
• Good 'til canceled (GTC)
• Good 'till crossing (GTX)

Alerts and notifications

You can set alerts and notifications on the desktop trading platform.

Portfolio and fee reports

TradeZero has clear fee reports.

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This selection falls behind competing brokers. Both Interactive Brokers and tastytrade offer more stock markets to trade on.

Stocks and ETFs

TradeZero's stock market and ETF selection are fewer than most other brokers.

Options

TradeZero also offers options. The avaialable option markets are considered average compared to competing brokers.

This selection is average compared to competing brokers.

Social trading

TradeZero offers a third-party social trading service called Kinfo. It is a social trading app that tracks your trading performance and lets you view top traders' portfolios. You get a free trading app to track your trading performance using standard trading metrics. Kinfo is also available in a web version.

We recommend TradeZero for investors and traders interested in commission-free trading, focusing on US stocks and options.

Below you can find links to all aspects of TradeZero in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our TradeZero fees article.

What about the minimum deposit?

Our ultimate guide to the TradeZero minimum deposit is updated regularly.

How to start your TradeZero account?

Look no further than our evaluation of the TradeZero account opening.

How's their trading app?

Here's our expert view after checking the TradeZero trading app.

Is the quality of customer service satisfactory?

All you need to know about TradeZero customer service.

Legit or scam?

'Is TradeZero legit' features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether TradeZero is really free.

Is this broker good for beginners?

We checked it in Is TradeZero good for beginners.

Should you buy your silver bullets on TradeZero?

Research for silver bugs in the Silver buy on TradeZero guide.

I want to trade options, are they available at TradeZero?

We explored the topic in Can you trade options on TradeZero?

What is the minimum account balance at TradeZero?

Check out the current account balance requirements at TradeZero in our What is the minimum account balance at TradeZero article.

Looking for commission and fees data for TradeZero?

We collected them in TradeZero commissions and fees.

How do you withdraw money from TradeZero?

We tested it and collected the options and costs in How to withdraw money on TradeZero.