TradeZero Logo

How to withdraw money from TradeZero

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

All you need to know about withdrawal on TradeZero as of February 2024

Reading time: 4 minutes

Being able to access your money is one of the top priorities when it comes to choosing a broker. Here, we will show you the withdrawal options, possible fees, how fast you can access your funds, and why TradeZero is a reliable broker, where you can withdraw your money without safety concerns.

Withdrawal at TradeZero is not the most user-friendly, according to our analysis. In any case, there are some issues, such as currency and closing positions, you have to pay attention to.

To give you a brief summary: TradeZero is a global stock broker with commission-free trading.

My key findings in a nutshell

I've thoroughly tested TradeZero services with our analyst team by opening a real-money account and these are my most important findings:

  • TradeZero charges $50 for withdrawal
  • The withdrawal process is usually executed within >3 days
  • TradeZero is a reliable broker, regulated by at least one top-tier regulator
  • You can only withdraw funds to accounts in your name

First, let's see if TradeZero is available in your country?

Yes, you can open an account at TradeZero if you live in the United States!
the United States

Visit broker

BrokerChooser score
4.2 4.2 /5
Visit broker
TradeZero is available in the United States

Is TradeZero safe?

To trust your money with a broker, you need to be sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers, meaning the broker's operations are overseen by a trusted body.

TradeZero can be considered a legit broker as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to withdraw your funds.

Visit broker

What withdrawal methods are available at TradeZero?

At TradeZero, the only available option to withdraw money to your account is via Bank transfer.

Remember, you can only withdraw funds to accounts that are in your name.

Withdrawal options TradeZero
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

Visit broker

How long does it take to withdraw from TradeZero?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

At TradeZero, the withdrawal process is usually executed within >3 days.

What are the withdrawal fees at TradeZero?

TradeZero has a $50 withdrawal fee.

Withdrawal option Withdrawal fees
Credit/Debit card -
Domestic bank withdrawal $50.0
International bank withdrawal $50.0
Electronic wallet No fees charged

Conversion fees

Pay attention that if your TradeZero account's base currency and bank account's currency differ, you might be charged a conversion fee depending on your personal bank.

At TradeZero, the only available currency is USD. This means that if you withdraw money to your account in any other currency than USD, you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

BrokerChooser score
4.2 4.2 /5
Visit broker
TradeZero is available in the United States

What to keep in mind when withdrawing from TradeZero?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

Wrap-up

You are awesome for having read through this article! Making sure you can access your funds might seem overwhelming at first, but the best time to start dealing with your finances is always right now.

You're doing great! Navigating through the world of brokerages is hard, and we want to help you along the way. If you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

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.

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.

Follow us

Regional settings

×
I'd like to trade with...