BrokAIr Reviews

TradeZero Review

"TradeZero has quietly become one of the top online brokerages for traders in the US, despite its lack of name recognition." Could TradeZero be the next big player in the world of online brokerages?

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TradeZero Overview

Introduction

TradeZero is an online brokerage founded in 2017. It offers commission-free stock trading, options trading, and margin accounts. The company is headquartered in Florida and serves customers in the United States and Canada. TradeZero has become popular among traders who are looking for low-cost trading options and is a rapidly growing online broker.

Pros

Cons

Founders

TradeZero was founded by brothers Dan and Andrei Kuznetsov. Dan Kuznetsov is the company’s CEO and has over 10 years of experience in the financial industry. Andrei Kuznetsov is the CTO and has extensive experience in software development. Both brothers are actively involved in the day-to-day operations of the company.

Public Opinion

The public opinion of TradeZero is generally positive. Many traders have praised its low commission fees, advanced trading platforms, and wide selection of stocks and options products. Some traders have also expressed dissatisfaction with the lack of mobile app support and limited market data.

Newsworthy Events

In 2019, TradeZero became the first online brokerage to receive approval from the U.S. Securities and Exchange Commission (SEC). This enabled them to offer margin accounts to customers in the United States. In 2020, TradeZero was acquired by Apex Clearing Corporation for an undisclosed amount. This acquisition allowed TradeZero to expand its services to customers in Canada.