Switch to Zacks Trade and they’ll pay your transfer fee (up to $150) charged by your current broker.
Option trade fee/contract
Minimum deposit to open
|Intro or bonus offer||Trade stocks, options and ETFs for as low as $1 per order for a year when you open a new account by December 31, 2019, and fund it with $2,500 or more within 60 days.|
|Minimum deposit to open||$2,500|
|Available asset types||Stocks|
|Stock trade fee||$0.01 per share|
|Option trade fee||$3 + $0.75/contract|
|Government bond trade fee||$3|
|Corporate bond trade fee||$3|
|Mutual fund trade fee||$27.50|
|Account transfer fee||$0|
|Last checked||Code description||Code|
|25 Mar 2020||Transfer Reimbursement||********|
Like many other online trading platforms, Zacks Trade allows users to easily make trades and manage portfolios from any computer. It also offers these benefits:
While Zacks Trade‘s low fees and powerful platform make it stand out from the competition, there are still a few things to look out for:
As of December 2018, Zacks Trade holds an A+ BBB rating alongside an official accreditation which it earned in 2012. In general, it has a good reputation for its powerful platforms and in-depth stock analysis. Some customers complain about signing up for a free trial and being charged after the trial period expired.Zacks Trade was established in 2014 by the same founder as North America’s second-largest equity research firm, Zacks Investment Research. While ZIR is a separate company, Zacks Trade users get access to its insights and resources, which can help traders make more informed decisions.
To start trading, you can sign up online or through the mobile app:
To open a Zacks Trade account, you’ll need to meet a few eligibility requirements:
Regardless of how you choose to apply, you’ll be asked for the following information:
If you have a question or want to get in touch with customer service, there are a few ways you can do so:
Once you’ve opened and funded your Zacks Trade account, you’re just about ready to trade. And while there aren’t any minimum balance requirements or inactivity fees, there are a handful of ways you can get the most out of your account:
However, it’s a fairly technical trading platform and requires at least two years of trading experience, so it may not be the best option for new traders. Compare your options to find an online trading platform that suits your needs.
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