Free Trading, no PDT !

Discussion in 'Retail Brokers' started by Younes, Mar 13, 2016.

  1. Younes

    Younes

    Hello everyone,

    Anyone trading with this broker TradeZero ? they are located in Bahamas. They claim

    no fees for trading using limit orders, 0,005$ for market orders, no PDT , leverage 4:1 for 500$-2000$ / 6:1 for >2000$.

    Are they legit? Any info would be appreciated.

    Thank you in advance.
     
  2. IAS_LLC

    IAS_LLC

    They don't except accounts from people living in the U.S, and they get paid paid for routing there order flow to certain venues. Depending on the style of your trading, you may get very poor fills because of their routing. This is all in the "FAQ" section of their website, I don't have any personal experience with them.
     
  3. botpro

    botpro

    That's unbelievable, limit orders cost nothing! :
    https://www.tradezero.co/pricing
    Code:
    Fee Example    Commission
    
    Buy 1000 shares of AAPL at less than $125.25
    AAPL Current Price (Bid 125.20 x Ask 125.25)    Free
    
    Sell 10000 shares SIRI at greater than $3.65
    SIRI Current Price (Bid 3.65 x Ask 3.70)     Free
    
     
  4. Younes

    Younes

    The only thing I found about them was this review: tradingschools .org/reviews/trade-zero/, but you can not trust reviews on the internet these days.
     
  5. CBC

    CBC

    OTC CFD Bucket shop.
     
  6. d08

    d08

    There is nothing unbelievable about it. If you were trading with real money instead of using simulated data, you'd know this. They sell their order flow therefore guaranteeing you get terrible fills. If you provide liquidity (=limit orders), you would routinely get paid to trade.
     
  7. Younes

    Younes

    Hey d08. Do you have an experience with them? How do you know you get terrible fills?. Thanks.
     
  8. botpro

    botpro

    Ok, now I understand their structure. Yes there were times in the past when brokers had "commission wars"
    advertising agressively for paying for providing liquidity etc. Ok, same thing, just made compact and handy...
     
    Last edited: Mar 14, 2016
  9. botpro

    botpro

    IMHO it is impossible to get "terrible fills" with limit orders... :banghead: :D
     
    smileypete likes this.
  10. CBC

    CBC

    ??? U never heard of order flow fees ?? You can set a limit order and the broker can modify ur order.

    IMO its all rubbish. Its just another fee and should all be included in the commission....

    Just brokers taking money that they shouldn't.

    Which broker are you with? I'l look up their order flow statement... all of them have one.
     
    #10     Mar 14, 2016