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Tradezero has a rating of 1.0 star from 2 reviews, indicating that most customers are generally dissatisfied with their purchases. Tradezero ranks 41st among Brokerage sites.
Compare to many, this is a good broker for international clients, but for the USA, it still needs to catch up a lot:
-Support has really improved over the years, so props to them for that.
-One of the best for shorting and day trades, but horrible for long term(Don't be fooled by the free commission trading).
-The free platform has bugs here and there(numbers don't update correctly).
-Their pro version actually works as advertised.
The real con: Their fee's are really the worse part and sole reason I urged anyone starting with trading to avoid them at all costs.(Put your 25k somewhere else) They will charge you ridiculous hidden fee's that you won't see anywhere else. Their website will conveniently not mention any of them, but there are a lot of written rules that will make you unprofitable with them. Some examples are high withdrawal fee's, they charge locate fee's during weekends. They also charge you fee's for short positions that you no longer have. Essentially after a day, you lose the shorts you did not execute, but payed to borrow. Not only do they take away the short you paid for, but they charged you 4x overnight for them even though you cannot reuse those locates. And many other hidden fee's you won't get reimbursed for.
The second biggest con: The company does not really care about it's customers. They do a good job at pretending like they do, but at the end of the day this company profits from tricking it's customers with regular fee's and they will fight to make sure you pay as many as them as possible.
Tip for consumers:
Give it a shot if you are outside the united states. As mentioned in my review, it is not great for USA customers or Entry level traders. Half my profits were always eaten by fee's and those cannot be used a tax deduction. Those loses in fee's added up to thousands in a month.
Products used:
All of the brokage Services: Free trading, pro Platform, web pro.
Money invested in this company is lost. They will tell you that there is insurance, this is false. When you go to try and get your money out you will be passed around to different people, from Jane, to Anna Tutova, to Daniel. All con artists.
If you've been scammed by these criminals, you should file an investigative/ recovery case with fortsolution tech. They will help you get it back.
Tip for consumers:
If not for the intervention of fortsolution tech recovery, i would have ran into big loss.
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