Pricing
Stocks & Options
All orders with TradeZero are either FREE or PAID.
Free Orders
$0.00 USD Free Limit Orders
- Limit order must not create an immediate match.
- Symbol must trade on NYSE, AMEX, or NASDAQ and be greater than $1.
- This applies to all orders that are 100 shares or greater.
| Fee Example | Commission |
|---|---|
| Buy 1000 shares of AAPL at less than $125.10 USD AAPL Current Price (Bid 125 x Ask 125.10) | FREE |
| Sell 2000 shares SIRI at greater than $3.75 USD SIRI Current Price (Bid 3.75 x Ask 3.80) | FREE |
| Short 200 shares of IBM at greater than $135 USD IBM Current price Bid (135 x Ask 135.05) | FREE |
| Cover 200 shares of IBM at less than $135.05 USD IBM Current price Bid (135 x Ask 135.05) | FREE |
Paid Orders
Paid Orders: $0.005 USD Per Share
- Orders less than 100 shares: $0.49 USD flat fee.
- Market orders or marketable limit orders1 on all stocks, ETFs and warrants on NYSE, NASDAQ, AMEX.
- All equity securities below $1.00 USD: •
4:00 AM ET to 7:00 AM ET: $0.005 USD per share with a $.49 USD flat fee/minimum2.
•7:00 AM ET to 8:00PM ET: $0.005 USD per share with a $.49 USD flat fee/minimum and a $7.95 USD max charge up to 250k shares.
| Fee Example | Commission |
|---|---|
| Buy 1000 shares of AAPL at $125.10 USD or greater AAPL Current Price (Bid 125 x Ask 125.10) | $5.00 USD |
| Sell 2000 shares SIRI at $3.75 USD or lower SIRI current price (Bid 3.75 x Ask 3.80) | $10.00 USD |
| Buy 50 shares of SIRI at Market | $0.49 USD |
| Stocks trading below $1.00 USD are $7.95 USD per trade up to 250,000 shares between 7AM and 8PM ET. (Buy 200,000 shares of ABC at $0.75) | $7.95 USD |
| Buy 2000 shares of ABCD at $0.34 USD or lower at 5AM ET i.e., between 4:00 – 7:00 AM ET ABCD current price (Bid 0.34 x Ask 0.35) $0.005 USD per share with a $.49 USD flat fee/minimum for securities below $1 USD between 4:00-7:00 AM ET. | $10.00 USD |
| Buy 90 shares IBM at 135 IBM Current price Bid 135 x Ask 135.05 | $0.49 USD |
1An order must rest (i.e., not create a match) for at least one second to qualify as non-marketable.
2For greater clarity, there is no max charge on equity securities below $1 USD from 4AM to 7AM ET.
Options
| Options | $0.59 per contract |
| Cash Settled Index Options* | $0.65 additional per contract (as of 04/15/2024) |
| Options Clearing Corp (OCC) fee** | $0.055 USD per contract |
| Options Regulatory Fee (ORF)** | Up to $0.03175 per contract, based on prevailing rates |
| Option Exercise or Assignment | $35 USD |
**May change without notice
Watch our video below on how to place free stock trades
Other Fees
| Daily Short Locates | As Quoted |
| Overnight Borrow | Market rate which changes daily based on market conditions (as of 9/26/2022) |
| Overnight Borrow - Odd Lots | Odd lot positions (less than 100 shares) will be rounded up to the nearest hundred shares |
| Margin Debit Interest | 9% annually (only applies to stocks held overnight with values exceeding equity) |
| TAF Fee* | $0.000166 per share (equity sells) and $0.00279 per contract (options sells). |
| SEC Fee* | $0.0000278 x dollar amount, sell side only |
| NSCC Fee* | $0.00015 per share, with a $0.03 minimum |
Foreign Exchange Rates*
TradeZero Canada maintains competitive foreign exchange rates within the online brokerage industry. Currency conversion (also referred to as foreign exchange or "FX") is performed at prevailing rates and includes the applicable spread below.
FX rates are determined at the time your deposit or withdrawal is processed by TZC. This means the rate is determined when your deposit or withdrawal request is processed by TZC, not when you send your funds to TZC.
Lastly, FX fees are only applied by us when currency conversion is required.
| Amount (CAD) | Sprd (%) |
|---|---|
| C$0 - C$1,999.99 | 1.25% |
| C$2,000 - C$24,999.99 | 1.00% |
| C$25,000 - C$49,999.99 | 0.85% |
| C$50,000 - C$99,999.99 | 0.55% |
| C$100,000 or more | 0.50% |
*May change without notice
All $ values displayed on this page are in USD unless otherwise noted. Canadian dollars will be referred to as “C$”.