Warrior Trading Blog

TradeZero Broker Review 2018: How It Matches Up

Trade Zero

TradeZero Broker Review 2018: How It Matches Up

TradeZero

Trade Zero is an online broker that is headquartered in Nassau, Bahamas and focuses on provided broker services to active traders who are looking for cheap commissions.

Since they are outside of the states they don’t have to comply with the SEC regulations for pattern day traders and can supply more buying power than normal without the high requirements for day traders in the states. I found their site to be easy to navigate with all the information you need just a click away and not hidden like some other brokers.

Their customer service was middle of the road with and didn’t answer every time I called. However, when they did answer they were nice and professional and were able to help me with my questions. I also liked that they have a live chat feature in case you just have a quick question.

**Keep in mind that they do not allow US citizens to open accounts with them.**

Commissions & Fees

Trade Zero’s claim to fame is that they offer free limit orders if the order goes unmatched for more than one second and its for 200 shares or more. It also has to trade on a major exchange like the NYSE, AMEX or NASDAQ and have a value of more than $1.

This is the first I have heard of an offer like this and I found it to be pretty interesting, but I’m not sure how likely an order will go unmatched and if they’re just using this as marketing ploy.

For marketable orders there is a flat fee of $0.005 per share with orders less than 200 shares being a flat fee of $0.99. So for a thousand shares you will pay $5.00 and for 100 shares you will pay $0.99.

 

Platform & ToolsTradeZero

Looking at their software they had a couple different choices with the main two being their web-based platform called ZeroWeb and their main trading platform called ZeroPro (both with direct market access). The web-based platform comes with all your standard features and can run on any connected device such as computers, laptops, tablets or phones.

What I liked about it the most was it has hotkey capabilities and direct market access. These are key features for active traders. I found it to be more powerful than other web-based browsers I’ve tried and was surprisingly quick.

Their flagship trading platform ZeroPro is powerful and full of rich graphics with advanced order entry and hotkey capabilities. It also features Level 2, time and sales, real-time news feed and direct market access. You can check it out for free by signing up for their demo. I found it to have all the features and tools you need to trade actively and definitely recommend it if you’re shopping around for brokers.

Final Thoughts

Even though they are headquartered overseas, I still recommend checking out Trade Zero as they offer some great tools and excellent commission rates. I know it seems a little sketchy that they are offshore but there are other brokers like SureTrader that have been doing it for a while.

They provide a service to traders who can’t fulfill the equity needs for the patter day trading rules in the states by allowing traders to day trade on margin with much less equity requirement. If interested in checking them out you check their site out at this link.

Broker Rebate Program

Click on the image below to see how you can save on your Warrior Trading education through the special rebate program we’ve started with TradeZero!

 

As always if you have any questions or comments regarding Trade Zero, please leave us a message below!

 

9 Comments

  • Jacob

    January 21, 2017 at 2:33 am

    Why does it say in the FAQ’s that US citizens cannot open an account

  • Steve

    January 21, 2017 at 6:03 pm

    Do you know if Trade Zero would have trade execution speed equal to Suretrader or Speedtrader? Thanks for the review!

  • Paul Zeymer

    May 19, 2017 at 3:23 am

    Ive been with them for 2 months and its true, free orders when its a limit order not to be executed too fast as it would count as market order I guess cause part of the money they make is from rebates from EDGX adding liquidity (limit order) … mostly Im entering positions on a market order (0.005 per share) and getting out on a limit order which I place at resistence (free) thats my strategy for now at least … so I pay 0.005 one way and FREE the way out, so its like Im paying 0.0025 round trade … platform is simple but cheap and with this free structure on limit ..Im not a big fan of the platform but for now TradeZero is my best option for sure .ps I hold a Canadian passport so I could open an acc with them .. Americans with 2 passports could do it too

  • Paul Zeymer

    May 19, 2017 at 3:27 am

    …and yes SureTrader is also in an island offshore and so many people use them so I decided to try TradeZero … I think SureTrader can accept Americans cause theyre using some loophole in the law that TradeZero decided not to use …the only explanation I see

  • Richard I

    July 3, 2017 at 10:23 pm

    I switched from Suretrader to Trade Zero for lower cost commissions and lower cost Lvl 2 feed costs. If anything, I am perceiving the trade executions are faster with Trade Zero. PROs: Personally, I find Trade Zero Pro desktop has great Level 2, Time and Sales and speed/reliability of trade executions. Hotkey features are modest, but have the essentials and work good. The News feed is good too. CONs: Charts are basic compared to other trading platforms. It’s challenging to know if shares are available to short or have leverage limitations. Compared to Suretrader Pro (DAS Trader), the TZ Pro platform is very basic and not as developed, but works very well.

  • Randy Copp

    July 15, 2017 at 11:37 am

    Not for US citizens
    is USA an opotion for Country?
    Unfortunately no, sorry. We require a foreign ID and a foreign PROOF of address.
    they can’t be American you can still use a US bank to deposit however.

  • Rahul karan

    August 3, 2017 at 5:09 pm

    This review seem to be legit. But i have some doubts like do they have shorts available compared to sure trader. I mean ETB like suretrader?

  • Charlie

    September 26, 2017 at 12:52 pm

    Very Very basic hotkeys. They don’t have a hot key for stop-loss based on price paid or stop-loss based on average price paid. Just bid ask ‘current’ and ‘last’. So you have to be creative and extra careful on volatile stocks.

  • Jonh

    January 16, 2018 at 1:28 pm

    Trade Zero fees for wires are ridiculous. Their web platform is slow, limited and suffer frequent outtages, They don’t offer market data for all OTCSs. Most Stocks cannot be shorted. Prefer to stay under PDT rules with US Brokers anyday than trade with them again

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