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BrokerSync · Trade soon

TradeZero review

Founded 2015HQ Brooklyn, New York, USAPlatforms Web, Desktop, Mobile, API

Connect TradeZero

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Sync · Trade soon

Direct integration. QuantWheel reads your positions and trades at TradeZero and gives you personalized suggestions. Placing orders from QuantWheel is coming soon.

Fee per contract
$0.42 per contract
to open a contract
Exercise and assignment
Exercise $10 auto / $35 manual, assignment $10 per line
per event
Approval
Not published
Margin rate
9.00%
on a $50,000 balance
Countries
US residents only
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE (Not published)
  • Index options (SPX)
  • Options on futures (Not published)
  • Spreads in an IRA (Not published)
  • Portfolio margin (Not published)
  • Paper trading
  • 24/7 support

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0.42
Ten-lot iron condor40 contracts
$16.80
Twenty covered calls20 contracts
$8.40
One turn of the wheelput assigned, call exercised, 2 contracts
$20.84

Exchange fees and per-order minimums are extra where the fee schedule has them. The wheel row adds the two $10 events.

What TradeZero costs for the way you trade

A year of fees from TradeZero's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
TradeZero standard price$2.15 a trade, 1.8% of your premium
$204 to $206 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
18th on the fees it publishes

Not counted because TradeZero does not publish them: SEC fee, FINRA trading activity fee, live options quote price.

Compare every broker for this pattern

QuantWheel

Sync · Trade soon

Direct integration. QuantWheel reads your positions and trades at TradeZero and gives you personalized suggestions. Placing orders from QuantWheel is coming soon.

Connect TradeZero

Fees explained

What each line of the fee schedule means for an options order

TradeZero

$0.42 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $16.80 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

$10 per event, on top of the per-contract fee. A cash-secured put that is assigned costs $10, and the covered call that is later exercised costs $10 again. Closing the option before expiry avoids both. Cost to open

The broker does not publish its highest options level. It does not publish whether spreads are allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at TradeZero

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

TradeZero

Yes, it is Sync · Trade soon. QuantWheel syncs the account's positions and trades and suggests trades and rolls; placing orders from QuantWheel is coming soon. Connect TradeZero

$0.42 per contract, and Exercise $10 auto / $35 manual, assignment $10 per line per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

It does not publish whether 0DTE trading is allowed. Index options such as SPX are offered. Brokers for 0DTE

US residents only, according to TradeZero's own pages. Check with TradeZero before you open an account. Brokers by country

Facts from TradeZero's own fee schedule and options agreement, checked 8 October 2026.