Zacks Trade is a solid platform for advanced investors. Underneath, its trading platform and mobile app use Interactive Broker's (IBKR) technology and clearing firm, which means a high quality trading experience. However, Zacks Trade comes with a $2,500 minimum account balance, making it a hard pick for beginners. On the positive side, though, you can use free broker assisted trades, a feature that comes with additional fees with competitor platforms.
Best for: investors who want to use broker assisted trades.
Zacks Trade allows you to trade stocks, bonds, mutual funds and more from your desktop, tablet or mobile device. It offers a variety of account options and access to international exchanges. But you need at least $2,500 to open an account.
| Annual fee | $0 |
| Available asset types | Stocks |
| Account types | Brokerage, Custodial, Joint brokerage, Trust |
| Government bond trade fee | $3 |
| Corporate bond trade fee | $3 |
| Complete signup bonus | N/a |
| Mutual fund trade fee | $27.50 |
| Account transfer fee | $0 |
| Minimum deposit | $2,500 |
| Fees | ★★★★★ | Low-fee trades on stocks and ETFs, no broker assisted trade fees. |
| Available securities | ★★★★★ | Stocks, ETFs, options, mutual funds, bonds and cryptocurrencies. |
| Customer support | ★★★★★ | You can reach out to customer support via phone or email. |
| Mobile app | ★★★★★ | Mobile app users love the app’s simplicity but don’t like the lack of proper customer support. |
| Research and tools | ★★★★★ | Advanced charting capabilities and 20 free research platforms. |
| Reliability | ★★★★★ | No major outages have been reported. |
To learn how our star ratings are calculated, read our methodology at the bottom of the page.
Active investors will find plenty to celebrate on Zacks Trade, with penny stocks, options trading and access to international stock exchanges in 91 global exchanges. And for those seeking a little extra guidance, Zacks Trade offers broker-assisted trades for free — a service that comes with a surcharge on many competing platforms.
Another cool feature is the vast research library where you get access to more than 20 free subscriptions and 80 premium trials, such as Morningstar, Seeking Alpha, Thomson Reuters and more. This alone saves you hundreds of dollars of research subscriptions each year. And if you want to trade stocks in other countries — access 91 global stock exchanges.
| Minimum deposit to open | $2,500 |
| Annual fee | $0 |
| Stocks and ETFs — greater than $1 per share | $0.01 per share, $1 minimum |
| Stocks and ETFs — less than $1 per share | 1% of trade value, $1 minimum |
| Options | $1 for first contract $0.75 per additional contract |
| Mutual funds | $27.50 per fund |
| Government bond — up to $1 million face value | 0.025% of face value + $3 per bond |
| Government bond — remaining face value | 0.005% of face value + $3 per bond |
| Corporate bond — up to $10,000 face value | 0.1% of face value + $3 per bond |
| Corporate bond — remaining face value | 0.025% of face value + $3 per bond |
| Broker-assisted trades | $0 |
| Account transfer fee | $0 |
Yes. Zacks Trade was established in 2014 by the same founder as North America’s second-largest equity research firm, Zacks Investment Research (ZIR). While ZIR is a separate company, Zacks Trade users get access to its market insights and research tools.
| Google Play app reviews | 3.6/5 stars, over 10k downloads |
| Apple App Store app reviews | 2.6/5 stars based on 11 ratings |
Get in touch with the Zacks Trade support team by:
All Zacks Trade investment accounts are offered by LBMZ Securities, a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corp (SIPC), which means your account is protected up to $500,000, including up to $250,000 in cash balances. Also, Zacks Trade has no complaints lodged against it on the Consumer Financial Protection Bureau (CFPB).
Zacks Trade
★★★★★
Finder rating 4.5 / 5
Available asset types
Stocks
Stock trade fee
$1
Minimum deposit
$2,500
Complete signup bonus
N/a
SoFi Invest®
★★★★★
Finder rating 4.2 / 5
Available asset types
Stocks, Mutual funds, ETFs, Alternatives
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get up to $1,000 in stock when you fund a new account within 30 days.
Tastytrade
★★★★★
Finder rating 4.6 / 5
Available asset types
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get $100-$5,000 when you open and fund an account with $5,000 to $1,000,000+
★★★★★ 5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
Kliment Finder
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