TradeZero Margin Interest Rates
The maximum day trading leverage at TradeZero America is 4:1, and this figure assumes an account balance above $25,000. If account equity dips below that level, leverage drops to 2:1.
Equities under $3 may not be purchased on margin in a US account. For short positions priced at $2.50 or less, TradeZero margin requirement is 100% of $2.50.
A margin rate at TradeZero America is 9%
across all balance levels.
The Lowest Margin Rates
| Broker |
$0 - $4,999 |
$5,000 - $9,999 |
$10,000 - $24,999 |
$25,000 - $49,999 |
$50,000 - $99,999 |
$100,000 - $249,999 |
$250,000 - $499,999 |
$500,000 - $999,999 |
above $1,000,000 |
|
Robinhood
|
6%
|
6%
|
6%
|
6%
|
6%
|
6%
|
6%
|
6%
|
6%
|
|
IBKR Lite
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
7.33%
|
|
ZacksTrade
|
8.83%
|
8.83%
|
8.83%
|
8.83%
|
8.83%
|
8.33%
|
8.33%
|
8.33%
|
8.08%
|
See
Lowest Margin Rates Brokers »
Fees and Commissions
ZeroFree is free (as you would expect); but it takes $59 a month to gain access to ZeroPro and ZeroWeb. They are both included in a single package. There is no charge for the broker’s mobile app.
Although ZeroFree is free, options trading is an extra $25 per month. Level II data and hotkeys are also an extra $25.
Limit and market orders on the big exchanges are free, assuming the stock price is $1 or higher. Other trades, including OTC transactions, cost 0.2¢ per share. For some reason, trades between 4:00 am and 7:00 am on the big exchanges cost 0.2¢ per share.
Option trades have no base charge and no per-contract commissions, a great deal to be sure. Exercises and assignments, however, cost $35.
A margin loan at TradeZero America currently costs 9% across all balance levels.
Incoming ACH transfers are free, but an outgoing ACH is $5.
Directly routing orders entails fees for adding and removing liquidity. The exact amounts vary by exchange. In all cases, an account balance of at least $30,000 is required.
Financial Education and Security Analysis
During our exploration, we found updated news articles on all four trading platforms. Benzinga was the only source, however.
ZeroPro has an equity screener (the only platform with the screener). A separate tool shows the market day’s most active investments based on several criteria, such as AMEX net change down.
Other resources are completely missing at TradeZero. There are no third-party equity reports. We didn’t find any general investment education, such as an overview of options or how to invest in stocks.
Updated on 11/9/2024.
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