TradeZero

TradeZero Canada

An active-trading brokerage focused on U.S. stocks, ETFs, options and short selling, with conditional zero-commission limit orders.

Cash admin fee$0
Canadian stocksNot Applicable buy / Not Applicable sell
U.S. stocksConditional buy / Conditional sell
Standard tierStandard TradeZero Canada account
Institution
TradeZero
Official website
https://tradezero.com/en-ca ↗

Brokerage context

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.

Eligibility facts

Standard account and commission facts

These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.

Individual accounts

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

Standard 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.

Full inventory

Fees, access, platforms, and capabilities

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
Standard platform and inactivity fee
$0; USD $500 minimum funding applies

Service and transfer fees

Incoming transfer fee reimbursement
UnknownA standing public reimbursement policy was not established from the reviewed official sources.
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