Recommended for
- equity trading 4.4/5
Trusted broker
- Top-tier regulation in the US
- Compensation in case of broker bankruptcy (terms apply)
- Long track record - founded in 1978
Popularity
2,923
people
chose this broker in the last 6 months
Our take on Zacks Trade
Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade has low fees, including low stock/ETF fees and no inactivity fee. Its stock and ETF selection is outstanding, covering many international markets. We also liked the speed and professionalism of customer support, especially live chat support. On the negative side, the desktop trading platform and research tools are complex and not suitable for beginners. During our testing, account verification was slow and the online registration process itself is cumbersome. Lastly, we note that Zacks doesn’t offer futures, CFDs or cryptos. BrokerChooser gave Zacks Trade a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Stock fee
Low
Fractional shares
Yes
Minimum deposit
$50
Inactivity fee
$1
Pros
Cons
- Low fees
- Extensive stock and ETF selection
- Great customer service
- Complex desktop platform and research tools
- Slow and complicated account opening
- No futures and forex
Zacks Trade main highlights
🗺️ Country of regulation
USA
💰 Trading fees class
Low
💰 Inactivity fee charged
Yes
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0
🕖 Time to open an account
>3 days
💳 Deposit with bank card
Not available
👛 Depositing with electronic wallet
Not available
💱 Number of base currencies supported
20
🎮 Demo account provided
Yes
🛍️ Products offered
Stock, ETF, Fund, Bond, Options, Crypto
Fees
Zacks Trade has generally low trading fees; its stock, ETF and bond trading fees are especially low. However, mutual fund fees are quite high, and there’s also an inactivity fee.
Account opening
Zacks Trade offers fully digital account opening for clients all over the world, and there is no minimum deposit. On the negative side, we found the process slow and hard to navigate.
Deposit and withdrawal
Zacks Trade offers one free withdrawal per month for nearly all base currencies. However, you cannot use credit/debit cards or electronic wallets to deposit or withdraw funds.
Web trading platform
The Zacks Trade web platform is simple and easy to use, even for beginners.
Mobile trading platform
The Zacks Trade mobile trading platform, called Handy Trader, has a lot of functions and a useful chatbot, but its user interface could be better.
Desktop trading platform
The Zacks Trade Pro desktop platform has many customizable options and advanced functions. As such, the platform is more suited for advanced traders rather than beginners.
Markets and products
Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker; along with US funds and options. However, you can’t trade futures or forex.
Research
Zacks Trade offers nearly limitless research possibilities, but the user interface is complicated, hard to navigate and not very well designed.
Customer service
Zacks Trade customer service is generally prompt and helpful. However, we missed 24-hour support, which would be a great help for international customers.
Education
Zacks Trade offers a demo account, along with videos on how to use its platforms. However, we missed general educational materials on trading and investing topics.
Safety
Zacks Trade is regulated by top-tier financial authorities and offers a high level of investor protection, but is not listed on a stock exchange and does not hold a banking license.
