Dan’s Personal Journey
Positive Phil is all about encouraging people. So, he starts the podcast by playing some quotes by Dan Pipitone that have helped him succeed in his personal and professional life.
•Pipitone mentions that his career spans more than 20 years as an entrepreneur, co-founding and leadingsuccessful start-ups in the financial services sector.
•To Pipitone, it is important to look backwardsevery now and then, to see where we’ve come from and review our progress and to get through things in a more exciting manner rather than a monotonous or mechanical way.
•He is committed to self-development, not self-destruction, which means anything or anyone taking him further away from his dreams has to go.
•He believes that anyone who’s meant to be with him in his journey would choose the higher, meaningful road. A tougher road is a much more rewarding one.
•Pipitone wants his life to mean something, he wants to be able to look back at his life and say, ‘Yeah, I made some tough decisions, but they were the right decisions.’”
Dan Pipitone’s principles have undoubtedly been the guiding force for his business ventures.
TradeZero is actually two companies – one is based in the Bahamas, started by Pipitone and his partners in 2015 and targeted toward non-US investors trading in the US markets.
TradeZero has been commission-free since 2015. They had a really good and nearly overwhelming response, where US investors were trying to open accounts with them. By design, they couldn’t accept any US customers. Pipitone and his partner John Muscatella bought a broker dealer in the US and launched TradeZero America in 2019, catering to US residents.
TradeZero is now actively using the technology it’s been working on for the past 9 years. The company is leveraging that to spread the word and facilitate professional grade trading of the US markets, albeit in a commission-free framework.
Commission-free Trading Model
This commission-free model was new for many companies, but TradeZero was already operating in the field. TradeZero’s policy is never to rest on its laurels, but to keep innovating and making it faster, better and cheaper for traders.That’s why the commission-free model was introduced. All the while, Pipitone wanted to accommodate life’s charitable aspects too. So, that balance is something Pipitone is keen to adopt both in the US and the Bahamas. The coding training program offered for Brooklyn students is an example of that.
Desktop and Web Platforms
Pipitone explains that TradeZero has web and desktop platforms that are robust, providing Level 2 market data, multiple charts, the ability to trade using your keyboard, real-time news, etc. TradeZero offers the mobile platform as well. Their customer care is also high class. They help out individual customers in all aspects of trading such as explaining the platform, clearing doubts, answering questions, assisting in setting up hot keys, and so on.
The podcast concludes with how Dan Pipitone is always looking for the next big thing to do. He reasserts that the only way to keep moving on is to look back at where you came from, assess yourself and realize how you could do things better, in a more involving manner.
Looking to the Future
And that’s how TradeZero is pushing further on and offering services that traders from the current and new generations will come to expect. TradeZero wants to be future-proof, and the quest for excellence is what gets it there.