Scribd
Upload
388 views

TradeZero Guide

This document provides guidance on placing orders, short selling, margin requirements, and account information for Trade Zero. Key points include that orders must be for 200 shares or more and a LIMIT order to qualify for $0 commissions. Stocks below $1 or $3 are subject to restrictions on marginability and shorting. The account portal can be used to check cash journal, trades, commissions, and complete deposits by wire transfer only. Maintaining a $500 balance allows overnight buying power to reset automatically.

Uploaded by

Kelvin Lim Wei Liang
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
388 views

TradeZero Guide

This document provides guidance on placing orders, short selling, margin requirements, and account information for Trade Zero. Key points include that orders must be for 200 shares or more and a LIMIT order to qualify for $0 commissions. Stocks below $1 or $3 are subject to restrictions on marginability and shorting. The account portal can be used to check cash journal, trades, commissions, and complete deposits by wire transfer only. Maintaining a $500 balance allows overnight buying power to reset automatically.

Uploaded by

Kelvin Lim Wei Liang
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

HelloandwelcometoTradeZerosQuickGuide:

Thingstoknow:

Howtoplace$0commissionorders:

Ordermustbefor200sharesormore
Stockmusttradeat$1orhigher
OrdermustbeaLIMITorderatapricethatisnotmarketable(immediatematch)

Otherinfo:

Wedonottradestocksbelow.10centsinshareprice.
Stocksthattradebelow$3arenotmarginable,thesearetradedincashonly.
Shortingisavailableforstocksthattradeat$1orhigherinprice,notlower.
Pleasepayattentiontoyourovernightbuyingpowerifyouwouldliketoholdstock
overnightinmargin(overnightmarginmultipleis2to1).

Howtolocateastocktoshort:

WhenusingthePROsoftware,thelevel2willshowtheletter[S]nexttothesymbolbox:

indicatingthatthestockisavailabletoshortforfree.Ifthe[S]is

notavailable,youwillhavetolocatethestockbygoingtotheMaintab> shortlist.
Alllocatedstockscarryaonetimepersharefeewhichyoucanacceptordeclinebefore
trading,onceacceptedyoucanthensendtheordervialevel2fortheshareslocated.
WhenusingtheWebtrader,pleaseusetheChatonourhomepagetoinquireaboutthe
stock.
Ifyouwanttoholdalocatedstockovernightpleaseknowthatitis7xthelocatefeeforthe
firstnight:

(example:locatefeefor100is.01=$1x7=$7thenisx1forthefollowingnights).

BuyingPowerResets

Whendaytradingcashstocks(below$3only)thebuyingpowerwillresetovernight.
Forcashaccounts(accountsunder$500inequity)buyingpowerwillresetovernight.
Weallowonecourtesymanualbuyingpowerresetperday.Torequestaresetpleasevisit
thechatinourwebsiteatwww.tradezero.co
Accountsthatmaintainabalanceover$500havebuyingpowerrestoredautomatically.

Accountportal

Pleaselogintothewebsiteandclickon[checkmyaccount]thengotoSEARCH>CASH
JOURNALtoreviewyourdebitsandcredits.Softwareischargedevery1stofthemonth,
andassoonasthefirstdepositcomesin.
Toreviewyourcommissionspleaselogintothewebsiteandclickon[checkmyaccount]
thengotoSEARCH>TRADES,daycommissionsarecalculatedattheendofthedayand
readyforthenextday.

Deposits:

Assoonasyourfirstdepositcomesinyouwillbechargedforsoftware,thenagainevery
1stofthemonth.
Pleasemakesuretosendusyourwireconfirmationdetailsafteryousubmityourdeposit
withyourbanktoensureaccuracyandavoiddelays.Wirestakeupto5businessdaysto
processandyouwillbenotifiedrightawayassoonasitisreceived.
Weonlyacceptbankwires,nocreditcards,nodebitcards.

ThankyouagainforchoosingTZ!


www.tradezero.co-954.944.3885

You might also like