The best alternatives to TradeZero are
- Freetrade - UK discount broker
- Revolut - UK discount broker
- eToro - Global social trading broker
- Trading 212 - Global CFD broker, but real stocks/ETFs are also available
Let's see in a bit more detail how the TradeZero alternatives compare to TradeZero and each other:
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| Overall score | 4.3 | 4.5 | 4.3 | 4.8 | 4.6 |
| Fees score | 4.3 stars | 4.7 stars | 3.8 stars | 4.4 stars | 3.7 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 4.5 stars |
| Deposit and withdrawal score | 1.8 stars | 4.0 stars | 3.5 stars | 3.9 stars | 4.3 stars |
| Web platform score | 4.0 stars | - | - | 4.4 stars | 4.4 stars |
| Markets and products score | 2.0 stars | 2.0 stars | 2.1 stars | 4.3 stars | 4.1 stars |
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Why are these brokers considered good alternatives to TradeZero? There are many areas based on which TradeZero can be compared with others. When we say a given online broker is a good alternative to TradeZero we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
TradeZero alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- TradeZero is recommended for investors and traders interested in commission-free trading and a focus on us stocks and options.
- Freetrade is recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets
- Revolut is recommended for beginners looking for free trading and a great mobile-only trading platform
- eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
- Trading 212 is recommended for equity investors and cfd traders looking for easy-to-use trading platforms
Important factors of finding TradeZero alternatives
So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether TradeZero or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. TradeZero is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost TradeZero alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At TradeZero this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at TradeZero, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given TradeZero alternative is a must.
Now let's dive into the details of how TradeZero and its alternatives perform in the most important areas!
TradeZero alternatives
Freetrade
Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the UK's Financial Conduct Authority (FCA). The company was founded in 2016.
Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.
Recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • Basic product portfolio |
| • Easy and fast account opening | • Limited research tools |
| • Great mobile trading platform | • Debit card only for deposits |
Fees
At Freetrade, you can trade stocks and ETFs free of charge. Also, there are no account, inactivity or withdrawal fees. However, there is a high, 0.45% fee for converting your funds to USD.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High currency conversion fee |
| • No inactivity fee | |
| • No withdrawal fee |
| Freetrade | TradeZero | |
|---|---|---|
| Apple benchmark fee | $0.3 | $0.3 |
| Vodafone benchmark fee | $0.7 | $0.7 |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at Freetrade is fast, fully digital and user-friendly, and there is no minimum deposit. You can choose from 3 different account types.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Freetrade | TradeZero | |
|---|---|---|
| Minimum deposit | $0 | $250 |
| Time to open account | 1 day | 1 day |
If you are interested more in Freetrade minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are user-friendly and free. On the negative side, no credit cards are accepted and the only available base currency is GBP.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Only one account base currency |
| • No deposit fee | • Debit card available only for deposits |
| • User-friendly |
| Freetrade | TradeZero | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $50 |
Web trading platform
At Freetrade, you can only trade through a mobile platform, while desktop platform is not available, and web platform is available in beta version only for Freetrade Plus subscribers.
| Freetrade | TradeZero | |
|---|---|---|
| Web platform score | - | 4.0 stars |
| Mobile platform score | 4.7 stars | 4.0 stars |
| Desktop platform score | - | 3.8 stars |
Learn more about Freetrade's web trading platform in the detailed Freetrade review.
Markets and products
Freetrade has a limited product portfolio that covers only stocks and ETFs. There are no other asset classes available, like mutual funds, bonds or options.
| Freetrade | TradeZero | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | No |
| Funds | No | No |
| Bonds | No | No |
| Options | No | Yes |
| Futures | No | No |
| CFDs | No | No |
| Crypto | No | No |
Verdict
Freetrade's fees are great. Stock and ETF trades are free and there is no inactivity fee. Account opening is easy, fully digital and fast. You can use an awesome and user-friendly mobile trading platform.
Freetrade has some drawbacks, though: there are only US and UK stocks and ETFs available for trading. There aren't many research tools and you can't use credit/debit cards for transfers.
If you are looking for stock and ETF trading from the main UK and US exchanges for free and you prefer an easy-to-use mobile trading platform, Freetrade is a good choice.
| Freetrade | |
|---|---|
| Summary | Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA. |
| Fees score | 4.7 stars |
| Recommended for | Long-term investors on the hunt for low fees and focusing on the UK and US markets |
TradeZero alternatives
Revolut
Revolut is a fast-growing fintech startup founded in 2015 and mainly known for its banking and payment services. In 2019, the company launched its commission-free stock trading service, which is provided by Revolut Trading Ltd.
Revolut is regulated by multiple top-tier regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($100,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance. The protected amount can vary based on your country of residence. Revolut is also regulated by the UK Financial Conduct Authority (FCA).
Recommended for beginners looking for free trading and a great mobile-only trading platform
| Pros | Cons |
|---|---|
| • Free stock trading | • Limited product portfolio |
| • Fast and easy account opening | • Basic research and missing educational tools |
| • Great mobile trading platform | • Poor customer service |
Fees
Revolut provides a certain number of free stock trades, depending on your plan. On the other hand, it charges a custody fee and outside the monthly allowance the trading fees are quite high.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • High trading fees |
| • Free stock trading |
| Revolut | TradeZero | |
|---|---|---|
| Apple benchmark fee | $14.3 | $0.3 |
| Vodafone benchmark fee | - | $0.7 |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Revolut | TradeZero | |
|---|---|---|
| Minimum deposit | $0 | $250 |
| Time to open account | 1 day | 1 day |
If you are interested more in Revolut minimum deposit, this overview will help you.
Deposit and withdrawal
Revolut offers several deposit options, and both deposits and withdrawals are free even when using wire transfers. On the negative side, you can only use a USD-based account for trading and we experienced issues with canceled orders.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • Free withdrawal | • Funds can be blocked after cancel order |
| • No deposit fee |
| Revolut | TradeZero | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $50 |
Web trading platform
Revolut does not offer a web trading platform, it's available only on mobile. This is a drawback, as web-based applications are convenient and accessible from all devices.
| Revolut | TradeZero | |
|---|---|---|
| Web platform score | - | 4.0 stars |
| Mobile platform score | 4.9 stars | 4.0 stars |
| Desktop platform score | - | 3.8 stars |
Learn more about Revolut's web trading platform in the detailed Revolut review.
Markets and products
Revolut has a limited product portfolio, as you can only trade certain US stocks, cryptos, gold and silver. It doesn't offer popular asset classes like mutual funds, bonds or options.
| Revolut | TradeZero | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Forex | No | No |
| Funds | No | No |
| Bonds | No | No |
| Options | No | Yes |
| Futures | No | No |
| CFDs | No | No |
| Crypto | Yes | No |
Verdict
Revolut's fees truly steal the show. If you open any of the three types of accounts, you can trade US stocks for free (though monthly limits may apply). Account opening is easy, fully digital, and fast. You will also have an awesome and user-friendly mobile trading platform at your disposal.
Revolut has some drawbacks though. The product portfolio covers only US stocks and some crypto currencies. Their research tool selection is limited, and the broker offers no educational material at all. Customer service could also be improved.
If you want to trade US stocks for free and are looking for an easy-to-use mobile platform, Revolut is a great choice.
| Revolut | |
|---|---|
| Summary | Revolut is a UK-based fintech startup that offers commission-free stock trading. Revolut Trading Ltd is regulated by the FCA. |
| Fees score | 3.8 stars |
| Recommended for | Beginners looking for free trading and a great mobile-only trading platform |
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TradeZero alternatives
eToro
eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.
Check out our eToro review tailored to the needs of beginner investors and traders.
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.
Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.
HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High non-trading fees |
| • Seamless account opening | • Only one account base currency |
| • Social trading | • Customer support should be improved |
Fees
eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Free stock and ETF trading | • $5 withdrawal fee |
| • Low forex and CFD fees |
| eToro | TradeZero | |
|---|---|---|
| Apple benchmark fee | $4.8 | $0.3 |
| Vodafone benchmark fee | - | $0.7 |
| EURUSD benchmark fee | $7.8 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at eToro is seamless and very fast, and the minimum deposit is relatively low for most countries.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | TradeZero | |
|---|---|---|
| Minimum deposit | $10 | $250 |
| Time to open account | 1 day | 1 day |
If you are interested more in eToro minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • User-friendly | • $5 withdrawal fee |
| • Conversion fee for non-USD deposits |
| eToro | TradeZero | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $5 | $50 |
Web trading platform
eToro offers a user-friendly and well-designed web trading platform, where social trading is also available. On the other hand, the platform's customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | TradeZero | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.7 stars | 4.0 stars |
| Desktop platform score | - | 3.8 stars |
Learn more about eToro's web trading platform in the detailed eToro review.
Markets and products
At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available.
| eToro | TradeZero | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | No | No |
| Bonds | No | No |
| Options | No | Yes |
| Futures | No | No |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
How does eToro work? eToro offers zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders. Furthermore, eToro offers many cryptos to trade.
It has some drawbacks, though. There is a $5 withdrawal fee and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high if your funding currency is not USD. It's difficult to contact customer support and their educational materials could be better.
So is eToro good? Overall, we would recommend eToro for its social trading feature, crypto offering and zero-commission stock trading. If you are a long-term stock investor, a traditional stockbroker might make more sense to you as some of the drawbacks of eToro (like not applying reduced withholding tax on US dividends) might outweigh the benefits of free trading.
Risk disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
| eToro | |
|---|---|
| Summary | eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. |
| Fees score | 4.4 stars |
| Recommended for | Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading |
TradeZero alternatives
Trading 212
Trading 212 is onboarding clients without a waiting list from the EEA region only. Customers from other eligible countries can join Trading 212's waiting list, but it may take a while until onboarding restrictions are lifted and the waiting list is scrapped.
Trading 212 is a global CFD broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA), the Cypriot Cyprus Securities and Exchange Commission (CySEC), and the Bulgarian Financial Supervision Commission (FSC).
Check out our Trading 212 review tailored to the needs of beginner investors and traders.
Trading 212 is considered safe as it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms
| Pros | Cons |
|---|---|
| • Real stocks and ETFs are commission-free | • Limited product portfolio |
| • Quick and easy account opening | • High forex fees |
| • Great trading platforms | • USD unavailable as account currency |
Fees
Trading 212 offers commission-free stock and ETF trading, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • No withdrawal and inactivity fee | • High financing rate |
| Trading 212 | TradeZero | |
|---|---|---|
| Apple benchmark fee | $16.5 | $0.3 |
| Vodafone benchmark fee | $14.7 | $0.7 |
| EURUSD benchmark fee | $26.7 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
| Pros | Cons |
|---|---|
| • Fast | • Problems with verification |
| • Fully digital | |
| • No minimum deposit |
| Trading 212 | TradeZero | |
|---|---|---|
| Minimum deposit | $0 | $250 |
| Time to open account | 1 day | 1 day |
If you are interested more in Trading 212 minimum deposit, this overview will help you.
Deposit and withdrawal
Trading 212 offers many free deposit and withdrawal options. On the downside, there are only a few account base currencies available in each country, and you can't choose USD.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • USD unavailable as base currency |
| • Free withdrawal | • Few base currencies in each country |
| Trading 212 | TradeZero | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $50 |
Web trading platform
Trading 212 has a user-friendly web trading platform with great features, like a safe two-step login or easy search. On the negative side, the platform is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Two-step (safer) login | |
| • Good search function |
| Trading 212 | TradeZero | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.9 stars | 4.0 stars |
| Desktop platform score | - | 3.8 stars |
Learn more about Trading 212's web trading platform in the detailed Trading 212 review.
Markets and products
Trading 212 focuses on CFDs (forex, stock, index, etc.) and real stocks/ETFs. As a result, popular asset classes like bonds, mutual funds, options or futures are missing.
| Trading 212 | TradeZero | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | No | No |
| Bonds | No | No |
| Options | No | Yes |
| Futures | No | No |
| CFDs | Yes | No |
| Crypto | No | No |
Verdict
Trading 212 is primarily a CFD broker, regulated by multiple financial supervisory authorities.
On the plus side, Trading 212 offers commission-free stocks and ETFs, while most CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.
However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We found forex fees relatively high and missed USD as an account currency.
So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged CFD products, using a great trading platform. As it offers a demo account, don't hesitate to give it a try.
| Trading 212 | |
|---|---|
| Summary | Trading 212 is a CFD broker regulated by the UK FCA, Bulgarian FSC, and Cypriot CySEC. Customers can invest in commission-free stock and ETF trading as well. |
| Fees score | 3.7 stars |
| Recommended for | Equity investors and CFD traders looking for easy-to-use trading platforms |
TradeZero alternatives
TradeZero
TradeZero is a Bahamian stockbroker founded in 2015, targeting non-US investors who want to trade in US markets. Another entity, the US-based TradeZero America was established in 2019 for US investors. TradeZero is regulated by the The Securities Commission of The Bahamas, while TradeZero America is regulated by the top-tier US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
TradeZero is considered safe because, in addition to standard protection for US clients, it holds Excess SIPC (Securities Investor Protection Corporation) insurance through top insurers for all other clients.
Recommended for investors and traders interested in commission-free trading and a focus on us stocks and options.
| Pros | Cons |
|---|---|
| • Real stocks and ETFs are commission-free | • High withdrawal fee |
| • Quick and easy account opening | • Credit/debit cards not accepted for funding |
| • Excellent education and customer support | • Poor product portfolio. |
Fees
TradeZero offers commission-free stock and ETF trading, and there are also no deposit or inactivity fees. On the other hand, there is a steep $50 withdrawal fee.
| Pros | Cons |
|---|---|
| • No inactivity fee | • Withdrawal fee |
| • Free stock and ETF trading | |
| • No deposit fee |
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| US stock | $0.0 | $0.0 | $7.0 | $0.0 | $0.0 |
| UK stock | $0.0 | $0.0 | - | $0.0 | $0.0 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • User-friendly |
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| Minimum deposit | $250 | $0 | $0 | $10 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about TradeZero minimum deposit here.
Deposit and withdrawal
You can deposit at TradeZero using wire transfers or electronic wallets, but credit/debit cards are not accepted. There's also a high withdrawal fee, and deposits are only in USD.
| Pros | Cons |
|---|---|
| • User-friendly | • Credit/Debit card not available |
| • Electronic wallets available | • High withdrawal fee |
| • No deposit fee above $500 | • Only USD deposit available |
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | Yes | Yes |
| Electronic wallets | Yes | Yes | No | Yes | Yes |
| Withdrawal fee | $50 | $0 | $0 | $5 | $0 |
Web trading platform
TradeZero has a user-friendly web trading platform with great features. Among the few negatives, we missed two-step authentication for login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| Web platform score | 4.0 stars | - | - | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.0 stars | 4.7 stars | 4.9 stars | 4.7 stars | 4.9 stars |
| Desktop platform score | 3.8 stars | - | - | - | - |
Learn more about TradeZero's web trading platform in the detailed TradeZero review.
Markets and products
TradeZero focuses on stocks, options and ETFs. Other popular asset classes such as bonds, mutual funds, forex or futures are missing, though.
| TradeZero | Freetrade | Revolut | eToro | Trading 212 | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | No | Yes | Yes |
| Forex | No | No | No | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | Yes | No | No | No | No |
| Futures | No | No | No | No | No |
| CFDs | No | No | No | Yes | Yes |
| Crypto | No | No | Yes | Yes | No |
Verdict
TradeZero is a Bahamian stockbroker founded in 2015, mainly targeting non-US investors who want to trade on US markets.
On the plus side, TradeZero offers commission-free stock and ETF trading. The account opening process is seamless, and TradeZero supports its users with excellent education materials and prompt customer service.
On the down side, TradeZero has a high withdrawal fee, and it doesn't allow funding using credit/debit cards. Among other limitations, only USD is available as an account currency, and the product portfolio consists of stocks, ETFs and options only.
So is TradeZero good? TradeZero is a good choice for those who are interested in investing in US and international equities with low trading fees. As it offers a demo account, don't hesitate to give it a try.
| TradeZero | |
|---|---|
| Summary | TradeZero is a global stock broker with commission-free trading. |
| Fees score | 4.3 stars |
| Recommended for | Investors and traders interested in commission-free trading and a focus on US stocks and options. |
TradeZero alternatives
Bottom line
Based on our analysis, there are several good alternatives to TradeZero. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| TradeZero | Bahamian stockbroker | Investors and traders interested in commission-free trading and a focus on US stocks and options. |
| Freetrade | UK discount broker | Long-term investors on the hunt for low fees and focusing on the UK and US markets |
| Revolut | UK discount broker | Beginners looking for free trading and a great mobile-only trading platform |
| eToro | Global social trading broker | Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading |
| Trading 212 | Global CFD broker, but real stocks/ETFs are also available | Equity investors and CFD traders looking for easy-to-use trading platforms |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
