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Guide of this online broker with pros and cons


If you are an avid investor looking for access to a large number of financial products at the click of a button, then you will probably know that the Internet is now full of options. While choosing the consumer in the online brokerage space is usually a good thing, this can make it hard to know which platform to go with.

An example of an online broker that has grown in popularity in recent years is that of Zacks Trade. The platform claims to have one of the most complete investment platforms in space, along with some fairly juicy commercial rates.

If you are thinking of using ZacksTrade for your investment efforts, be sure to read our detailed review first. We have covered all the fine points that we think you should know, how Zacks Trade works, what fees you charge, the amount of assets you can trade, regulation and more.

Let's start exploring what Zacks Trade is.

Visit ZacksTrade

What is the Zacks trade?

ZacksTrade is an online brokerage platform that allows retail and institutional investors to buy and sell a full range of financial products. This includes US actions. UU., Foreign stocks, penny stocks, ETFs, options and more.

The Chicago-based platform was founded by Len Zacks, and has since attracted many followers in the online investment space. For example, the Zacks Trade website states that it currently serves 218 individual counties, and has since facilitated more than 200 million stock transactions.

As we will discuss in more detail later, the Zacks Trade platform is often considered one of the most profitable commercial websites in the online arena. For example, the platform charges only $ 0.01 per share, at a minimum of $ 3 per order. In addition, the platform also allows novice investors to obtain human assistance from one of their internal brokers, free of charge.

In addition to its super low trading rates, Zacks Trade also has one of the most extensive product lists, which gives users access to more than 91 different financial markets. This also includes access to the Penny Stocks arena, which is something that most online brokers avoid.

Zacks commercial website

In terms of its regulatory position, the parent company of the platform: LBMZ values, is authorized and regulated in the USA. UU. by the Securities and Exchange Commission (SEC).

In addition, LBMZ Securities is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). As a member of SIPC, this means that customer values ​​are protected for up to $ 500,000, in case Zacks Trade no longer exists.

Finally, it is also worth noting that Zacks Trade allows users to buy and sell assets through its main desktop website, mobile application or for more experienced operators, through the Zacks Trade PRO platform.

Now that you have an idea of ​​what Zacks Trade is, in the next section of our review we will explore the types of assets you can trade.

What can you exchange in Zacks Trade? How much?


Actions and participations

Zacks Trade has a huge list of actions and actions listed on its platform. For those of you who wish to access the US stocks found in NASDAQ and NYSE, there are thousands of shares on the list.

Outside the US In the US, Zacks Trade also gives you access to lots of international financial markets in 19 different nations. This includes the likes of the London Stock Exchange of the United Kingdom, the Tokyo Stock Exchange in Japan and the Frankfurt Stock Exchange in Germany.

As a distinctive platform offer, stocks and shares can be traded at only $ 0.01 per share, at a minimum of $ 3 per order. For example, if you bought 1,000 shares in Ford, you would pay only $ 10. As such, anything below 300 shares would cost you $ 3.

International stocks follow a slightly different pricing model. Instead of a flat dollar rate, you will pay a percentage of the total amount you buy or sell. In reality, this varies according to the specific market you wish to access. For example, while stock exchanges in France, Germany, Italy and the United Kingdom have a trading rate of 0.3%, accessing markets in Sweden will cost 1%.

Penny Stocks

Zacks Trade is one of the most popular platforms in the industry for those looking to access the emotions and spills of penny stocks.

Typically, most online brokers do not engage in penny stocks, especially since they generally require OTC trading (without a prescription). However, the Zacks Trade team has made this market accessible with the click of a button.

Please note that while standard commission rates apply for Penny shares with a price greater than $ 1 per share, shares with a price below $ 1 will pay 1% on trading fees that comes with a minimum of $ 3.

Also, just because you can buy penny stocks without problems through Zacks Trade, there is no guarantee that the sales process will be so simple. Penny shares operate in a highly volatile scenario that often has very little liquidity, so keep this in mind.


If you are a more experienced operator and are looking to buy and sell options, Zacks Trade offers a very competitive commercial rate of $ 3 for the first contact and $ 0.75 for each additional contract.

Investment funds

Although Zacks Trade offers a significant amount of mutual funds to invest, its rates are somewhat high in this department. You will pay $ 12.55 per transaction, which is much higher than your industry counterparts.


As in the case of stocks and shares, ETFs can be bought and sold at tremendous value through the Zacks Trade website.

ETFs, like stocks, cost $ 0.01 / share and 1% of the business amount for anything less. Again, both pricing structures come with a minimum of $ 3.

When navigating through the ETF section of Zacks Trade, we discover that the platform has a very extensive offer. This includes ETFs in the commodity, interest rate, bond, real estate and currency markets, most of which operate 24/7.


If you want to access the multi-million dollar bond space, Zacks Trade also has it covered. You will find a good combination of government and corporate bonds, and the rates are based on the face value of the bonds.

In the corporate bond space, you will pay 0.1% up to the first $ 10,000, plus $ 3 per bonus. After that, you will pay a reduced rate of 0.025%, plus $ 3 per bonus. In the case of government bonds, this follows the same price structure, although at 0.025% up to the first $ 1 million, and then 0.005% for everything else.

Now that we have covered the main asset classes in which Zacks Trade allows you to invest, in the next section we will explore deposits and withdrawals.

Deposits and withdrawals at Zacks Trade

First of all, it is important to keep in mind that the minimum account balance to register for Zacks Trade is $ 2,500 (or its equivalent in local currency). This is somewhat surprising. On the one hand, Zacks Trade aims to attract novice operators, to the extent that it offers zero commission commercial assistance from one of its internal brokers. On the other hand, a minimum account balance of $ 2,500 could be a bit high for inexperienced investors.

However, if you are able to deposit $ 2,500, you have several payment options at your disposal. This includes the automatic clearing house (ACH), a bank transfer or check deposit. For some unknown reason, the platform does not allow you to deposit funds with a traditional debit or credit card, and in a less surprising movement, nor does it support electronic wallets such as PayPal or Skrill.

All deposits in Zacks Trade are free, apart from the fees charged by their respective bank. In terms of collection, you are entitled to one free withdrawal per month. After that, you will pay $ 1 for withdrawal through ACH, $ 4 for check withdrawal and $ 10 for bank withdrawal. These withdrawal rates are really very competitive, since other brokers in the online space often charge much more.

So, now that you know how you can enter and exit money from the broker, in the next section we will look more closely at the numerous trading platforms available at Zacks Trade.

Trading platforms in Zacks Trade

Commercial options

Online web browser

For those of you looking for a simplified interface, it is probably best to keep the standard online platform. This can be accessed through any desktop web browser with ease. The online platform offers the same asset classes that you will find on the PRO desktop platform, although in a more simplified way.

This is perfect for those of you who simply want to buy and sell long-term assets, rather than participating in professional daily trading.

PRO platform

For those of you who classify themselves as advanced operators, we suggest you download the PRO platform to your desktop computer. The PRO platform is available to download for free on Windows, Mac and even Linux. One of the main advantages of downloading the PRO platform is that it will have access to more than 120 technical indicators.

You can create and customize scalable graphics and, essentially, you have all the necessary analysis tools that a professional operator needs. This also includes integration with the likes of Basket Trader, SpreadTrader, Volatility Lab, Market Scanners and Algos. If you have never heard of any of the commercial tools mentioned above, we suggest that you keep the online web platform.

Mobile app or tablet

If you are the type of merchant who likes to have the option to buy and sell assets while on the move, you will be pleased to know that Zacks Trade offers a complete mobile application. Available on both Android and iOS, the application can be downloaded for free.

After a deeper exploration, the mobile and tablet application comes with a lot of features. This includes viewing quotes and graphics in real time, enabling enhanced security controls, setting price notifications and, of course, operating on the move.

In terms of ease of use, we did not encounter any problems when browsing the application. In fact, everything has been completely optimized for the Android or iOS device you are using, which made remote trading a perfect process.

Business platform

Account and portfolio management

Zacks Trade also offers users a separate platform for account and portfolio management. This allows you to view and access a variety of information, such as account statements, deposits and withdrawals, and commercial confirmations.

Even better, you have the option to export account statements to help with tasks such as tax reporting. The account management portal is also required when you need to deposit or withdraw funds, or adjust your account security settings.

Shops with human assistance

Although we often find online brokerage platforms that claim to offer a free business assistant, we discover that this generally takes the form of a robo-advisor. However, the Zacks Trade platform allows you to access a member of your company human runners team at no additional cost.

It is important to keep in mind that your free human assistance it will not constitute financial advice. In other words, the broker cannot tell you what to invest in, nor can he give you his personal opinion about whether or not to carry out a particular operation.

On the contrary, the purpose of the assistance is to help you make exchanges. The broker can also explain how a particular financial product works, which is of great value to inexperienced investors.

Ultimately, if you are just starting in the field of online brokerage, it is worth using human assistance as it will not be charged!

Margin trading and leverage

If you have a slightly greater appetite for risk, and know the details of how it works, then you can also access margin trading services through Zacks Trade. If you did not select this option at the time of registration, you can request it in the administration portal of your account.

Keep in mind that if you have never before engaged in margin trading, you must ensure that you meet the conditions set out in Regulation T. In short, this means that you can only borrow up to 50% of the purchase price of securities, while the rest must be paid in cash.

In addition, Zacks Trade will require that you have an account balance of at least $ 2,000 (cash or securities) if you choose to trade with margin.

In terms of leverage, this will depend on the specific privileges of your account. Typically, Zacks Trade will allow you to get 2x leverage on overnight holdings and 4x for daily transactions.

Alternatively, if you have at least $ 110,000 in holdings, you could increase this to 6x. When it comes to financing costs, this represents a 5.4% rate for account balances of less than $ 100,000. The lowest rate on offer is 4.7%, and is reserved for those with balances of $ 3 million or more.

Am I eligible to open an account at Zacks Trade?

Although Zacks Trade is used by millions of customers in more than 200 national states, not everyone is eligible for an account. In terms of the fundamentals, you should ensure that you have a minimum annual income of $ 40,000 and a net worth of not less than $ 20,000. You should also indicate that you have had sufficient exposure to the online investment space.

This includes at least two years of commercial experience and the execution of at least 100 operations. This is more of an exercise in checkboxes to ensure that Zacks Trade continues to fully comply with U.S. commercial laws. UU., So you will not be asked to send supporting documentation about visits.

However, if it is not from the USA. UU. And, therefore, you do not have a social security number, you must provide the platform with a valid tax identification number.

Finally, and as is the case with all regulated brokers, you must verify your identity, either when you initially open an account or when you make your first withdrawal. Generally, you will be asked to upload copies of a government-issued identification (passport, driver's license or national identification card) and proof of address (bank statement, utility bill, tax statement, etc.).

Is the Zacks trade safe?

As is the case with any online broker you are using for the first time, you must ensure that your platform of choice is safe. First, Zacks Trade has all the regulatory licenses required to facilitate online commerce. As noted above, all regulatory matters are based on the broker's parent company: LBMZ Securities. This means that Zacks Trade is authorized and regulated by the SEC, FINRA and SIPC.

Most importantly, Zacks Trade is covered by the SIPC insurance policy. This means that in the event of a brokerage failure, your account balances would be protected for up to $ 500,000 ($ 250,000 cash limit). For those with higher account balances, Zacks Trade has also been subscribed by Lloyd & # 39; s of London.

It is important to keep in mind that SIPC policy does not protect you in case you lose money through your business efforts, nor do you do so in case your account is used fraudulently by malicious third parties.

When it comes to keeping your account secure, Zacks Trade offers a number of useful solutions. First, you have the option to configure two-factor authentication (2FA). This means that you must enter a unique code every time you log in, which can only be purchased from your personal mobile device.

If you do not want to use your cell phone, you can also request that a physical device be sent to your home. This works similarly to 2FA, although you will get your device codes sent to you by Zacks Trade.

In addition to this, Zacks Trade also employs the services of an internal security team. They have the task of keeping their account secure at all times, such as detecting suspicious login attempts or unusual business activities.

Customer service

If you need to contact the Zacks Trade customer service team, you have several options available, which we list below.

  • Phone: 888-979-2257 (Monday to Friday from 9:00 a.m. to 6:00 p.m. Eastern Time)
  • E-mail: support@zackstrade.com
  • Live Chat – Although the telephone support team only works during the week, your live chat captures the follow-up consultations on Monday.

Zacks commercial review: the verdict?

In short, there really isn't much no like with Zacks Trade. The platform lists virtually all kinds of imaginable assets. Whether you have stocks and shares, bonds, ETFs, mutual funds or options, you will have access to more than 90 different markets with the click of a button. In addition, Zacks Trade also allows you to access the penny stock space that would otherwise be difficult to reach.

When it comes to rates, Zacks Trade lives up to the best. With a stock and ETF trading rate of only $ 0.01 per holding (minimum of $ 3), this offers excellent value, especially for those who trade very frequently. We also like the fact that deposits are free, and after you have used your free monthly withdrawal, you will only pay between $ 1 and $ 10.

It is also notable that the platform is suitable for merchants of all sizes. For those who have little experience in the field of online commerce, they have the option of using the traditional web-based browser platform. For those with advanced trading capabilities, you can use the Zacks Trade PRO platform for free. This includes access to more than 120 technical indicators, as well as a range of tools from known third parties.

Visit ZacksTrade


ZacksTrade Review


  • Low cost trade
  • Customizable
  • Variety of values
  • Good educational tools


  • The user experience could be improved
  • Not for beginners


Disclaimer: The opinions expressed herein are only those of the author, not those of any bank or credit card issuer and have not been reviewed, approved or endorsed by any of these entities.

Disclaimer: The answers below are not provided or commissioned by the bank advertiser. The responses have not been reviewed, approved or supported by the bank advertiser. It is not the responsibility of the bank advertiser to ensure that all publications and / or questions are answered.

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