Zacks Trade vs Interactive Brokers 2018

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If you’ve seen the trading platforms of Zacks Trade and Interactive Brokers, you’re probably wondering what the differences between the two online brokers are.

Although Zacks Trade uses the same trading platform and order execution system as Interactive Brokers (Zacks clears their trades through IB), the two brokers are very different. In short, Interactive Brokers has poor customer service, monthly inactivity and trading data fees, and order cancellation fees. Zacks Trade doesn’t have any of these issues and is the clear winner vs Interactive Brokers.

Zacks Trade vs Interactive Brokers 2018

Company Ratings

Zacks Trade

Interactive Brokers

Overall

Commissions & Fees

Customer Service

Trading Platforms

Mobile App

Overall Ease of Use

Promotion Value

Fees

Zacks Trade

Interactive Brokers

Minimum Deposit

$2,500

$10,000

Stock Trade Fee

 $0.01 / share ($3 min)

 $0.005 / share ($1 min)

Options Ticket Charge

 None

 None

Options per Contract Fee

 $0.75 ($3 min)

 $0.70

Mutual Fund Fee

$27.50

$14.95

Market Data Fee

 Free

 $10+ / month (more for futures & options)

Wire fee (outgoing)

1 Free (then $10)

 $10.00

Inactivity fee

 None

 $10 – $20 per month

Investments

Zacks Trade

Interactive Brokers

Stocks

Options

Futures

Forex

Bonds

OTC Stocks

Penny Stocks

Options on Futures

Crypto

Mutual Funds

10,051

10,051

International Trading

Advisor Services

Trading Platforms

Zacks Trade

Interactive Brokers

Web-based

Mobile App

Downloadable (Mac)

Downloadable (PC)

Real-time Level II data

Real-time Charting

Historical Option Data

Options Analysis

iPad App

Company Info

Zacks Trade

Interactive Brokers

In-person Branches

Customer Service hours

24/6

24/6 email + phone

Sum of Client Balances

Not listed

$129.2 million

Member FDIC

Savings Account

Checking Account

Free Online Banking

Margin Rates

Zacks Trade

Interactive Brokers

Under $24,999

5.41%

3.19%

$25k-$49,999

5.41%

2.69%

$50k-$99,999

5.41%

2.69%

$100k-$249,999

4.91%

2.69%

$250k-$499,999

4.91%

2.69%

$500k-$1M

4.91%

2.69%

Above $1M

4.5%

2.19%

Check out the full Zacks Trade Review.

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