In this guide

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  • Details
    • Features
  • Frequently asked questions
  • Your reviews
  • Ask a question
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Zacks Trade
4.5
★★★★★
Finder score
Stock trade fee
$1
Minimum deposit
$2,500
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Our verdict

Zacks Trade offers a robust trading platform and research tools, but commission fees may diminish profits.

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.

Pros

  • Free broker-assisted trades.
  • Wide selection of securities.
  • Trade on 91 global exchanges

Cons

  • $2,500 minimum account balance.
  • $15 per month inactivity fee if your balance is less than $25,000.
  • $27.50 mutual fund transaction fee

In this guide

  • Our verdict
  • Details
    • Features
  • Frequently asked questions
  • Your reviews
  • Ask a question

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.

  • Consider Zacks Trade if you’re an active investor looking to swap international stocks.
  • Look elsewhere if you’re seeking portfolio management or robo-advising.

Details

Features

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

How we rated Zacks Trade’s features

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.

Zacks Trade is best for experienced investors and active traders

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.

What you can trade on Zacks Trade

  • Stocks
  • ETFs
  • Options
  • Bonds
  • Mutual funds
  • Cryptocurrencies

Account types available with Zacks Trade

  • Individual
  • Joint
  • Retirement
  • Custodian
  • Trust
  • Financial advisor
  • Institution

Where Zacks Trade shines

Zacks Trade offers the full investment package: you can choose a variety of account types, a variety of advanced trading platforms and you can trade almost any asset class including crypto. On top of that, you get to use broker assisted trades without additional cost. Most brokers charge a fee for this feature.

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.

Where Zacks Trade falls short

Zacks Trade has a minimum account requirements of $2,500, making it a poor choice for beginners who want to try their luck or learn how to trade. Also, beginners may find Zacks Trade platforms overwhelming. The stocks fee of $0.01 per share with a $1 minimum can quickly add up, making it a hard sell for some day traders as well. Those who want to diversify into cryptocurrencies may find the limited number of coins offered to be a huge drawback. Trading crypto also comes with fees.

Zacks Trade’s fees

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 share1% 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 value0.025% of face value + $3 per bond
Government bond — remaining face value0.005% of face value + $3 per bond
Corporate bond — up to $10,000 face value0.1% of face value + $3 per bond
Corporate bond — remaining face value0.025% of face value + $3 per bond
Broker-assisted trades$0
Account transfer fee$0

Is Zacks Trade legit?

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.

Zacks Trade’s platform may feel overwhelming to beginner investors

Zacks Trade offers multiple platforms to choose from, including a desktop platform and a mobile app. The desktop platforms comes with features such as advanced charting tools and indicators, it lets you create watchlists, view portfolio data, set real-time alerts and more.

Zacks Trade’s desktop tools

Zacks Trade has many practical tools to offer. In addition to over 120 technical chart indicators and chart-enabled trade executions, Zacks Trade Pro investors gain access to:
  • Algorithms. Implement algorithms by arrival price, percentage of volume strategy, time-weighted average price and volume-weighted average price.
  • Basket trader. Import baskets of stock orders and execute trades.
  • Market scanners. Filter and screen stocks, bonds, mutual funds and options by set parameters.
  • Options strategy lab. View options strategies based on price and volatility forecast.
  • Probability lab. Explore options probability and adjust your strategy based on the forecast.
  • Volatility lab. Take a look at past and future readings with Zacks Trade’s volatility tools.
  • Rebalance portfolio. Adjust your portfolio based on your risk tolerance and investment goals.
  • SpreadTrader. Close or reverse spread positions on options orders.

Screen shot of Zacks Trade app on Desktop

Zacks Trade’s app

Zacks Trade mobile app is basically Interactive Brokers underneath. This means you get a high-quality trading app, but it may be feel too complex for beginners. Via the app you can place trades, set watchlists, scan for assets based on parameters that you set, make deposits and withdrawals, use some of the research tools and more. All this can make the app your primary trading tool removing the need for the desktop or the web-based trading platforms.
Screen shot of Zacks Trade app on smartphone

Zacks Trade’s app store reviews

Google Play app reviews3.6/5 stars, over 10k downloads
Apple App Store app reviews2.6/5 stars based on 11 ratings

Zacks Trade’s customer support

Get in touch with the Zacks Trade support team by:

  • Email support
  • Phone
  • Online chat

How to open an account with Zacks Trade

  1. Click the “Sign up now” button below and click “Open an Account”.
  2. Enter your full name, email and phone number.
  3. Select what kind of account you whish to open and fill out the requested information.
  4. Deposit funds to begin trading.

Eligibility and required information

  • At least 18 years old
  • Valid phone number and residential and email address
  • A citizen or resident of an acceptable country, including the US and Canada.
  • Existing bank to fund your account
  • Valid Social Security number

Sign up now

How safe is Zacks Trade?

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).

Compare Zacks Trade to other platforms

Zacks Trade logo

Zacks Trade

★★★★★

Finder rating 4.5 / 5

Go to site


Available asset types

Stocks


Stock trade fee

$1


Minimum deposit

$2,500


Complete signup bonus

N/a

SoFi Invest® logo

SoFi Invest®

★★★★★

Finder rating 4.2 / 5

Go to site


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 logo

Tastytrade

★★★★★

Finder rating 4.6 / 5

Go to site


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+

Frequently asked questions about Zacks Trade

How we rate trading platforms

★★★★★ 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.

Frequently asked questions

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