TradeZero review

Stock trades cost $0 per trade, and options cost $0.59 a contract. The pricing model is described as commission-free and low-fee, so the per-order cost is the main thing to compare. The inactivity fee is $0, so an idle account is not charged.

The account is provided by TradeZero Europe B.V., which is licensed by AFM in the Netherlands. Investor protection is EU ICS up to EUR 20,000, so money above that figure sits outside the scheme. Keeping larger balances elsewhere limits what is at stake.

The range is stocks and options, covering equities and options. Forex, crypto, bonds and metals sit outside it. Readers who need those can look at eToro, which covers stocks, etfs and forex, or Vantage, which covers forex, cfds and stocks.

The margin rate is 9% on borrowed positions, which is the number to weigh before using leverage. Leverage magnifies losses as well as gains. The rate applies to the stocks and options range, so stocks and options can both be traded on margin.

A wire transfer out of the account costs $15 wire transfer out, and that is the transfer charge to plan around if you move money regularly. Trading itself adds no commission on stocks, at $0 a trade, while options cost $0.59 a contract.

Trading runs on ZeroPro, ZeroFree and ZeroMobile, so the set covers desktop, mobile and charting. A demo account is included too, which lets you try the order flow before putting money in. Experienced traders get more out of the pro tools than beginners.

The stated audience is experienced, beginners and day traders, which covers beginners, day traders and experienced traders. Beginners can start on the demo account and the mobile app. Experienced traders have the pro platforms and a margin rate of 9% to work with.

The company has been running since 2015, and the European entity is TradeZero Europe B.V., licensed by AFM. Its markets are stocks and options, with investor protection of EU ICS up to EUR 20,000. Pricing stays simple, with stock trades at $0.