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 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 |
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.
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.
Zacks Trade’s app store reviews
Google Play app reviews | 3.6/5 stars, over 10k downloads |
Apple App Store app reviews | 2.6/5 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
- Click the “Sign up now” button below and click “Open an Account”.
- Enter your full name, email and phone number.
- Select what kind of account you whish to open and fill out the requested information.
- 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
★★★★★
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
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+
Robinhood
★★★★★
Finder rating 4.2 / 5
Go to site
Available asset types
Stocks, Options, ETFs, Cryptocurrency
Stock trade fee
$0
Minimum deposit
$0
Complete signup bonus
Get a free stock when you successfully sign up and link your bank account.
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.