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TradeStation vs TradeZero

TradeStation vs TradeZero Comparison Table 2024
TradeStation TradeZero
Review
3.5
Review
2.6

TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders.

TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.

Comment by Reviewer
"TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders." "We recommend TradeZero for active stock traders looking for zero commissions, powerful software and extended hours trading."
Pros
  • Reputable brand with oversight from top US regulators
  • Powerful trading platform with desktop, webtrader and mobile app
  • Support for third-party platform add-ons
  • Fast and responsive customer service
  • Quick, straightforward account setup
  • Competitive commissions on US stocks
  • ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets
  • High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients
  • Four in-house platforms including a proprietary mobile app with real-time data streaming
  • Simple pricing structure; free or paid stock and options orders (eligibility requirements apply)
  • On-demand tutorial videos and live stream market insights
  • The US entity is registered with the FINRA and SIPC
  • Innovative solution to mark unused locates for credit
  • Pre-market and post-market trading hours
Cons
  • Limited ETF options with no commission-free ETFs
  • Expensive subscription fees for many add-ons
  • Pricing disadvantages less active traders
  • Limited free data and in-depth research
  • TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable
  • High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500)
  • The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas
  • A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals
  • Customer support is available 24/7 with a responsive live chat
Instruments
CFDs, Forex, Stocks, Futures, Commodities Stocks, ETFs, Options
Demo Account
Yes No
Minimum Deposit
$500 $200
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
Min lot size will vary $1
Regulator
SEC SCB, FINRA
Margin Trading
No Yes
Margin Rate
8%
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order. CFD trading not offered
Leverage
1:20
FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Forex Trading
Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions. Forex trading not offered
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
26
Review
Review
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