Overview of TradeZero fees and charges
It's safe to say that TradeZero's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use TradeZero even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of TradeZero's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Commission-free, but orders less than 200 shares have $0.99 flat fee. |
| EURUSD fee | - | Not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
TradeZero fees
TradeZero fees explained
We compare TradeZero fees with its closest competitors, Interactive Brokers and tastyworks.
TradeZero fees
TradeZero trading fees
TradeZero's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at TradeZero.
Trading fees
TradeZero's trading fees are low.
Stock fees and ETF fees
TradeZero has low stock trading fees.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| US stock | $0.0 | $1.0 | $0.0 |
| UK stock | $0.0 | $3.4 | - |
| German stock | $0.0 | $3.0 | - |
Options fees
TradeZero's options fees are low.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| US stock index options | $5.9 | $6.5 | $7.5 |
| UK stock index options | $5.9 | $19.2 | - |
| German stock index options | $5.9 | $16.8 | - |
Financing rates
TradeZero financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| Apple CFD financing rate | - | 5.3% | - |
| Vodafone CFD financing rate | - | 4.5% | - |
| EURUSD financing rate | - | 2.7% | - |
| EURGBP financing rate | - | 2.1% | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
TradeZero fees
TradeZero non-trading fees
When it comes to looking at all the non-trading fees TradeZero is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at TradeZero that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| Withdrawal fee | $50 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
TradeZero fees
TradeZero deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and TradeZero is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods TradeZero offers.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
TradeZero fees
TradeZero withdrawal fee
Unfortunately, quite like the majority of the online brokers we have reviewed TradeZero does charge a withdrawal fee of $50 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.
| TradeZero | Interactive Brokers | tastyworks | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $50 | $0 | $0 |
TradeZero fees
TradeZero inactivity fee
TradeZero does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
