An ACH deposit can take up to five business days after you initiate the ACH transfer to deposit into your TradeZero account. Please make sure you have the necessary funds in your bank account for five business days after you initiate the ACH transfer to prevent a transfer reversal. A transfer reversal may occur when a scheduled bank transfer is cancelled for insufficient funds. Your bank may charge a transfer reversal fee and TradeZero will charge a $50.00 reversal fee.

An ACH withdrawal will be processed on the same day under normal business circumstances if the request is submitted by 2:30 pm est and the following is met:

• The account has settled funds to cover the withdrawal.

• The withdrawal will not create a margin call.

• The withdrawal is not a large amount needing Compliance verification.

• The withdrawal is not a third-party transfer.

Yes. Pattern Day Trader(PDT) restrictions apply. A Pattern Day Trader is a FINRA designation for a margin account that executes four or more day trades in five business days, provided the number of day trades are more than 6% of an accounts total trading activity for that same five-day period. These accounts need to maintain a daily equity balance of $25k or more and receive 4:1 Day Trading Buying Power from the clearing house. When the Starting Day Equity Balance is below $25k, the Day Trading Buying Power is reduces to zero (0).

Margin accounts receive 2:1 margin and must adhere to the PDT restrictions when the Starting Day Equity Balance is below $25k.

Cash Accounts are not intended to be day trading accounts. A cash account must have settled funds before a purchase can be made and before a security can be sold. If a cash account trades daily and liquidates long term positions, it is possible for the account to receive a "Good Faith Violation". Cash accounts are not allowed to short stock.

The short list is a proprietary tool on the trading platform that queries all TZA locate required securities for availability and price per share to locate.

 The easy to borrow list (short list) is imported daily into the trading platform.  If the stock is easy to borrow the trading platform will show a green "S" next to the symbol box. This means a locate is not required.

Locate fees are quoted per share.  The rate is determined by the supply and demand to locate the shares on that day.  The fees can vary during the day depending on market conditions.  Locate fees are charged only after the price for the locate is accepted. If the locate shares are declined, then no fee is charged.

TradeZero America, Inc., like all other registered Broker Dealers in the US, enforces the Pattern Day Trading (PDT) rule as defined by FINRA Rule 4210 (Margin Requirements).

The PDT rule generally states that a customer is limited to three (3) round trip trades in any consecutive five trading day period unless maintaining a daily equity balance of $25,000.

If a customer creates a fourth (4) roundtrip trade, the account is classified as a pattern day trading account for ninety days. During this time, the account is restricted from day trading unless the equity balance is $25,000 or more.

Click here to read FINRA Rule 4210 on Pattern Day Trading (PDT Rule).

TradeZero America can force the sale or cover of equities positions in a customer’s account(s) without prior notice. If during the trading day, the equity in a customer’s account:

• Falls between 15-20%, TradeZero America may, at its discretion, buy-in or liquidate the customer’s position in order to raise account equity up to 25% or more;
• Falls to 15% or below, TradeZero America may, at its discretion, buy-in or liquidate the customer’s entire account.

After buy-in or liquidation, it is the customer’s responsibility to maintain or increase account equity to meet the requirements stated in the Apex Clearing (“APEX”) Margin Form.

Likewise, If APEX cannot continue to borrow the securities in which a customer has a short position, TradeZero America may notify customers to cover their short positions during trading hours.

Furthermore, if the customer receives a margin call and fails to fund his/her account, TradeZero may liquidate any positions in the account to satisfy the maintenance margin call.

• Win7 SP1+ (no Mac)
• .Net Framework 4.6.2+

Margin requirement will be 100% of $2.50.  ex:  if you  short 1000 shares of stock at $1.00, the cost to carry the position will be $2500.