For options, the estimated price is calculated using the Ask amount (see Bid/Ask) multiplied by the number of contracts you are purchasing multiplied by 100 (since there are 100 shares per contract).
For stocks, the estimated price is calculated using the Ask amount (see Bid/Ask) multiplied by the number of shares you are purchasing.
We use estimated prices because the actual execution price can differ from the real time pricing in the app due to market conditions at the point of transaction.
Securities trading is provided to self-directed customers by Z-Squared Securities LLC (“Z-Squared”). Z-Squared is a member of the Financial Industry Regulatory Authority Inc. (“FINRA”). Z-Squared is also a member of the Securities Investor Protection Corporation (“SIPC”), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). For additional information and an explanatory brochure, please see www.sipc.org. Z-Squared is a wholly owned subsidiary of Zingeroo Inc. Additional information about Z-Squared can be found on FINRA’s BrokerCheck. Clearing, execution and settlement of securities transactions is provided by Apex Clearing.
Cryptocurrency trading is offered by Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not protected by SIPC or the Federal Deposit Insurance Corporation (“FDIC”). Zingeroo Crypto LLC, a wholly owned subsidiary of Zingeroo Inc. and affiliate of Z-Squared, facilitates cryptocurrency trading in connection with accounts at Apex Crypto. Zingeroo Crypto is not a financial institution and does not provide cryptocurrency trading of any kind.
This is not an offer, solicitation of an offer, or advice to buy or sell securities or cryptocurrencies, or open a brokerage or cryptocurrency account in any jurisdiction where Z-Squared or Apex Crypto are not registered. Any trading symbols displayed on our website are for illustrative purposes only and are not intended to portray recommendations. Any symbols displayed are for illustrative purposes only and are not intended to portray any recommendations.
All investments involve risk and the past performance of a security, financial product or cryptocurrency does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Cryptocurrency is highly speculative in nature, involves a high degree of risks, such as volatile market price swings, market manipulation, flash crashes, and cybersecurity risks. Cryptocurrency is not regulated or is lightly regulated in most countries. Cryptocurrency trading can lead to large, immediate and permanent loss of financial value. You should have appropriate knowledge and experience before engaging in cryptocurrency trading.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risks. Please review the options disclosure document entitled Characteristics and Risks of Standardized Options, available on Zingeroo’s Disclosure Library or on The Options Clearing Corporation’s Documents & Archives.
Z-Squared may charge a commission for customers to trade options via the Zingeroo app. Other fees may also apply. Please see Z-Squared’s Fee Schedule for additional information regarding applicable fees.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.
Third party information provided for Zingeroo product features, Zingeroo and Z-Squared communications and communications emanating from its social media community, market prices, data and other information available through Zingeroo are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information provided is not warranted as to completeness or accuracy and is subject to change without notice.
For additional details and explanations regarding Z-Squared’s social trading features review the Z-Squared FAQ Page.
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