TradeZero America Promotion
TradeZero Competitor Promotions
Overview of TradeZero Brokerage
TradeZero America is a U.S. brokerage firm with headquarters in Brooklyn, NY. It is a FINRA and SIPC
member company.
Investment Vehicles
TradeZero America clients can trade option contracts, ETF's, and stocks. The last category
includes OTC and Pink Sheet securities that trade above 10¢.
Unfortunately, the broker-dealer does not offer forex, digital currencies, futures, contracts for difference, global stocks, or mutual funds.
Recommendations
Individual Retirement Accounts: TradeZero doesn’t offer IRA’s, but Schwab and Firstrade do.
Beginners: TradeZero is designed for seasoned investors. New traders would be better off with E*Trade or Fidelity.
Active Stock and ETF Trading: We do like TradeZero for active equity trading. However, limit orders are only free if they don’t create an immediate match, a slight disadvantage that TD Ameritrade doesn’t have.
Long-Term Investors and Retirement Savers: TradeZero emphasizes day trading. For investors with a long-term horizon, we suggest Vanguard.
Small Accounts: Because of TradeZero’s software fees, we propose Merrill Edge instead.
The big advantage that TradeZero US offers over its sister company in the Caribbean is the American regulatory framework. The US branch also offers $0 commissions on all limit orders, which the Caribbean broker doesn’t do.
As for other US-based brokerage firms, it’s easy to find firms that offer mutual funds (like Vanguard), cryptocurrencies (SoFi Invest), and futures (E*Trade). On the other hand, TradeZero’s margin rate is lower than TD Ameritrade’s and Fidelity’s.
TradeZero Promotion Code Disclaimer
TradeZero promotion incentive details can change without notice. Read TradeZero promotion offer's
fine print on their website before opening an account.
Updated on 3/16/2024.
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