Zacks Trade Review

Zacks Trade deserves your consideration if you’re looking for an online broker that provides global trading access, solid research tools, and competitive commissions. Zacks Trade can work for traders on platforms like Bookmap.

Established in 2013, Zacks Trade is a division of LBMZ Securities. Your assets are held securely with Interactive Brokers, an established clearing firm. As a Zacks Trade client, you’ll benefit from using Interactive Brokers’ advanced trading platforms, mobile apps, and tools.

The platform provides three user portals tailored to your trading needs and experience. It also offers in-depth research resources in free and premium versions. With its extensive global reach, you can trade on 91 international exchanges across 19 countries.

Zacks Trade gives you a lot of bang for your buck. Powerful tools, low fees, and worldwide access – what more could an investor want? If you’re ready to take your portfolio international, Zacks Trade is an excellent place to start. Are you interested in learning more about Zacks Trade? If you are, here is an in-depth Zacks Trade review.

What Does Zacks Trade Offer?

Zacks Trade provides its users with a range of versatile tools and features. There’s a striking resemblance between Zacks Trade and Interactive Brokers, which serves as the custodian for Zacks.

Clients have the flexibility to access their accounts through both portals. There is an assortment of products that caters well to the needs of most investors, coupled with outstanding research tools.

  • Opportunities for global investments in stocks, ETFs, options, futures, foreign exchange, bonds, and mutual funds.
  • Comprehensive screeners for discovering undervalued stocks, growth stocks, dividend stocks, and more.
  • Around-the-clock trading, 24 hours a day, seven days a week, for those who want maximum flexibility.
  • The ability to trade in fractional shares allows you to invest small amounts and build positions over time.

Zacks has exclusive research, data packages, favorable margin rates, and the assurance of licensed stock brokers for every client. With a range of investment selections and research, Zacks Trade can meet the needs of beginners and advanced traders.

What Are the Available Zacks Trade Investment Assets

Zacks Trade offers access to various investment assets to suit any trading objective.


You’ll find shares of companies ranging from well-known blue chips to emerging small caps, both domestic and international. Whether you prefer growth, value, or dividend stocks, Zacks Trade has you covered.

Mutual Funds & ETFs

Zacks Trade offers mutual funds and exchange-traded funds (ETFs) covering every major asset class and investment style for those looking to invest in the markets without picking individual stocks. These funds provide instant diversification and professional management.


If you want to engage in more complex trading strategies, Zacks Trade gives you access to options contracts on stocks, ETFs, and indexes. You can use options to speculate, generate income, or hedge your positions.


For income investors, Zacks Trade allows you to buy corporate bonds, government bonds like U.S. Treasuries, municipal bonds, and C.D.s (certificates of deposit). Bonds provide regular interest payments and the return on your principal investment at maturity.


For those interested in this emerging digital asset class, Zacks Trade offers the ability to buy and sell major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Cryptocurrencies can provide speculative opportunities, though they also come with substantial risks.

Zacks Trade Fees and Costs

Zacks Trade keeps costs straightforward with a simple per-share commission structure. Zacks Trade charges 1 cent per share, with a minimum of $1 per trade. That means a 1,000-share trade of an ETF or stock costs $10. Larger traders looking at 10,000 shares would pay $100.

While the rates may initially seem high, Zacks Trade balances this with no extra fees for broker-assisted trades, lowering costs for smaller lots. Margin rates are also very low. Other fees like inactivity or platform charges are average or better than competitors.

Here’s what you can expect to pay with Zacks Trade:

  • Investment Minimum: $2,500
  • Account Management: Free
  • Withdrawals: Free withdrawal per month
  • Options Trades: Free, with 75 cents per contract fee ($1 for the first contract)
  • Foreign Stock Trading Commissions: Low, varying by country
  • Mutual Fund Trades: $27.50 per trade
  • Corporate Bonds:1% of face value plus $3 per bond up to $10,000 face value
  • Government Bonds:025% of face value plus $3 per bond up to $1 million face value
  • Trading Platforms: Free access to three platforms
  • Research Reports: Access to 20 free reports, with additional paid subscriptions and data packages available

On top of this, Zacks Advantage, the company’s robo-advisor service, implements management fees based on account value. The fee structure varies, with accounts valued between $25,000 and $99,999 incurring a 0.7% charge, while higher-value accounts of $250,000 or more carry a reduced fee of 0.35%.

Zacks Trade Deposit Options

Zacks Trade caters to clients across the globe, so they offer several convenient deposit methods to fund your account. For U.S. clients, wire transfers typically complete within one business day. International clients can expect funds in 3-5 days. Wire transfers allow you to move larger sums between accounts.

For ACH transfers, you can link your bank account for free ACH transfers. Deposits finalize in 2-3 days. This is a popular option for regular, smaller contributions. Users can mail in personal checks, cashier’s checks, or money orders these take 7-10 days for checks to clear.

If you have an IRA at another broker, you can directly roll it over to Zacks Trade with no tax penalties. The transfer typically takes around two weeks to complete. If you are looking to make account transfers, the ACATS system seamlessly moves your entire account from another broker. The transfer process usually wraps up in 7-14 days.

While Zacks Trade provides flexible funding choices to match your needs, they do not currently accept credit/debit cards, electronic wallets, or other instant payment methods. But with competitive commissions and a robust trading platform, Zacks Trade is a great long-term investor broker.

Account Protection Options at Zacks Trade

Zacks Trade takes securing your account and assets seriously. They employ advanced encryption and authentication to keep your information private and accounts protected.

  • SSL Encryption: Zacks Trade uses 128-bit SSL encryption to connect your computer to its platforms securely.
  • Automatic Account Timeout: Zacks Trade will automatically log you out of your account after a set time of inactivity to prevent unauthorized access.
  • Failed Login Attempts: Zacks Trade will restrict access to your account after several failed login attempts to stop unauthorized account access.

Who Benefits Most from Zacks Broker Accounts?

Zacks Trade should be at the top of your list if you’re looking for an online broker that caters to a wide range of traders and investors.

  • Talented traders
  • Research-driven investors
  • Margin traders
  • Accessibility seekers
  • Professional traders
  • Global us investors
  • International investors
  • Diverse account seekers

Pros and Cons of Using Zacks Trade

Zacks Trade has a lot going for it as an online broker, just like other platforms (TradeStation and Hankotrade), but there are also some downsides to consider before signing up. Here are some key Zacks Trade pros and cons based on user reviews.


  • Remarkable research reports covering diverse asset types
  • Skilled live brokers and efficient customer support
  • Access granted to 91 international exchanges across 19 countries
  • Nonstop 24/7 trading capability
  • Availability of multiple trading platforms
  • Robust account protection and security measures
  • Option to utilize demo accounts for practice


  • Elevated account minimum requirement
  • Accounts with a balance below $25,000 are subject to a $15 monthly inactivity fee.

Is Zacks Trade Right for You?

So, is Zacks Trade the right choice for you? That depends on your needs and trading experience. Zacks Trade is a great platform to help you learn the ropes if you’re starting. Their extensive education center offers tutorials on everything from basics to advanced strategies. 

Seasoned traders will appreciate Zacks Trade’s advanced tools, global offerings, and premium research. Options, futures, forex, and international trading are all available. No matter your experience level, Zacks Trade emphasizes service and security. 

Their customer support team is available 24/5 to help you with any questions. Their state-of-the-art data encryption and other security protocols help protect your accounts and personal information.

Overall, Zacks Trade excels at catering to traders of all levels. Their combination of resources, offerings, and service provides compelling reasons to give them strong consideration for your trading needs. Click here to open an account and see if Zacks Trade fits your financial goals.