Zacks Trade Review

 on 08-01-18
  Updated: 08-17-18

Overall rating

Commissions & Fees
Customer Service
Trading Tools
Mobile App
Overall Ease of Use
on Zacks Trade's site

This Zacks Trade review is based off of pricing, customer service, trading technology, and overall ease of use. Essentially, Zacks Trade is Interactive Brokers with out all of Interactive Brokers’ flaws. Zacks uses the same technology and order execution software as Interactive Brokers, but Zacks Trade’s commission structure is more flexible for small stock and options orders, the account minimum is only $2,500, (compared to IB’s $10,000 requirement) and there are never any inactivity or maintenance fees with Zacks Trade.

Pros

  • No inactivity fees
  • Ability to trade on over 91 exchanges in over 19 different countries
  • Deeply discounted commissions for all traders
  • Extremely attentive customer service
  • Most competitive margin rates in the industry

Cons

  • Zacks Trade might be best suited for experienced traders
  • Some trading platforms might seem overwhelming at first
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