TradeZero Online Brokerage

Overview

TradeZero Canada focuses on U.S. markets and active-trading tools. Its zero-commission equity pricing is conditional: an order must be a non-marketable limit order for at least 100 shares of an eligible NYSE, Nasdaq or AMEX security trading above USD $1. Other orders generally cost USD $0.005 per share with a USD $0.49 minimum.

The product has a USD $500 minimum and advertises leverage, short locates, extended trading from 4 a.m. to 8 p.m. ET and four synchronized platforms. ZeroPro has a monthly fee unless the volume waiver is met; other platform and market-data conditions vary.

TradeZero's personal-account application offers cash and margin accounts, not TFSA, RRSP, or FHSA accounts. Canadian-listed securities are unavailable, so this product does not meet the guide baseline.

Regular pricing and account fees

These are the regular online rates, excluding temporary promotions. Other account fees, currency conversion costs, service charges, trading fees and paid plans are covered below.

Account availability and recurring fees

Non-registered cash: Conditional · $0 account feeThe official personal-account application offers a cash account, subject to a USD $500 funding minimum. A free platform is available and the inactivity fee is $0.
TFSA: Unavailable · Not Applicable account feeTFSA is unavailable under the official account application scope. The exhaustive official personal-account application does not offer a TFSA.
RRSP: Unavailable · Not Applicable account feeRRSP is unavailable under the official account application scope. The exhaustive official personal-account application does not offer an RRSP.
FHSA: Unavailable · Not Applicable account feeFHSA is unavailable under the official account application scope. The exhaustive official personal-account application does not offer an FHSA.

Regular online commissions

Canadian Stock: Buy Not Applicable · sell Not ApplicableCanadian-listed securities are explicitly unavailable. Buy: TradeZero states Canadian-listed securities cannot be traded. Sell: TradeZero states Canadian-listed securities cannot be traded.
Canadian Etf: Buy Not Applicable · sell Not ApplicableCanadian-listed ETFs are explicitly unavailable. Buy: TradeZero states Canadian-listed securities cannot be traded. Sell: TradeZero states Canadian-listed securities cannot be traded.
Us Stock: Buy Conditional · sell ConditionalOther orders cost USD $0.005 per share with a USD $0.49 minimum; special low-priced-security terms apply. Buy: Free only for non-marketable limit orders of at least 100 shares on NYSE, Nasdaq or AMEX securities above USD $1. Sell: Free only for non-marketable limit orders of at least 100 shares on eligible securities above USD $1.
Us Etf: Buy Conditional · sell ConditionalMarket and marketable limit orders cost USD $0.005 per share with a USD $0.49 minimum. Buy: Free only when the order meets the non-marketable limit-order conditions. Sell: Free only when the order meets the non-marketable limit-order conditions.

Other fees and features

Accounts and tiers

Account types: Personal cash and margin accounts; no TFSA, RRSP, or FHSA in the exhaustive application
Platinum: Premium level for accounts maintaining USD $25,000
Canadian eligibility: Canadian citizen, permanent resident or legal resident with a valid SIN

Minimums and recurring fees

Trading-account minimum: USD $500
Inactivity fee: $0
Free platform and inactivity fee: $0; USD $500 minimum funding applies

Service and transfer fees

Incoming transfer fee reimbursement: UnknownWe couldn't find an ongoing transfer-fee reimbursement policy.
Interac e-Transfer deposits and withdrawals: $0
Outgoing wire: USD $50
Reorganization: USD $35 for reverse splits and symbol changes
Broker-assisted trade: USD $30
Institutional transfer out: Unknown in accessible official HTML

Investments and trading costs

Paid equity orders: USD $0.005 per share; USD $0.49 minimum
Orders below 100 shares: USD $0.49 flat
Sub-dollar securities: USD $0.005 per share with USD $0.49 minimum; USD $7.95 maximum from 7 a.m. to 8 p.m. ET up to 150,000 shares
Options: USD $0.59 per contract; cash-settled index options add USD $0.65
Options exercise or assignment: USD $35
Stock locates: Dynamic locate fees with possible credit-back

Foreign exchange and currency

Trading currency: USD
CAD funding conversion: Unknown on reviewed official pages

Markets

Listed markets: NYSE, Nasdaq and AMEX
OTC markets: Available with separate data fees
Trading hours: 4 a.m. to 8 p.m. ET
Canadian exchanges: Not applicable; Canadian-listed securities are explicitly unavailable

Trading features

Short selling: Locates, pre-borrows and non-easy-to-borrow access
Hotkeys and conditional orders: Available; exact capabilities vary by platform
Paper trading: One-month paper access with hypothetical execution

Platforms and market data

Platforms: TZ1, ZeroPro, ZeroFree and ZeroMobile
ZeroPro: USD $59 monthly; waived after 100,000 shares per month
Free platforms: TZ1, ZeroFree and ZeroMobile, with an active compatible user ID required for mobile
OTC data: USD $8 monthly Level 1 or USD $20 Level 2 for non-professionals
Professional data: Exchange fees passed through at cost with volume and equity rebates

Orders and research

Order tools: Market, limit, trailing, conditional, range-bracketed and closing orders; platform support varies
Research tools: Real-time stock and news scanners, charts, technical indicators, watchlists and audio news

Margin

Leverage: Up to 3-to-1 advertised
Margin rate: Unknown in accessible official HTML

Custody and protection

Dealer: TradeZero Canada Securities ULC
Regulatory membership: CIRO member firm and CIPF member
Relationship disclosure: Order-execution-only self-directed service