• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Good Financial Cents®
Content is based on in-depth research & analysis. Opinions are our own. We may earn a commission when you click or make a purchase from links on our site. Learn more.
  • Make Money
    • Get Money Now
      • Ultimate Guide to Making Money
      • Need Money Now
      • Get Free Money Fast
      • Make Money Fast
      • Make $1K Per Month
      • Make $100 Per Day
    • Control Your Destiny
      • Self Employed Jobs
      • Make Money from Home
      • Hobbies That Make Money
      • How to Become a Freelance Writer
      • Small Business Ideas to Start
      • How to Become an Independent Contractor
      • Best Online Jobs
    • Passive Income
      • Passive Income Ideas
      • Multiple Streams of Income
      • Extra Income
      • Residual Income Ideas
      • Learn to Sell e-Books
      • Make Money on Facebook
      • Make Money on Tiktok
      • Best Online Survey Sites to Make Money
    • Explore More
      • Best Side Hustle Ideas
      • Make Money for Teens
      • Best Online Colleges
      • Best Jobs No College Degree
      • Become a Millionaire
      • Careers for the Future
  • Manage Money
    • Best Of
      • Budgeting Tools
      • Personal Finance Software
      • Best Cashback Cards
    • Company Reviews
      • Personal Capital vs Mint
      • Personal Capital Review
      • SmartAsset Review
    • Guides
      • Buy or Lease a Car
      • What is Liquid Net Worth?
      • Setting Financial Goals
      • How to Budget
      • Ways to Save Money
    • Explore More
      • How Much Car Can I Afford?
      • Best Auto Refinance Companies
  • Invest
    • Best Of
      • Best Short and Long-Term Investments
      • Best Low Risk Investments
      • Best Online Stock Brokers
      • Best Crypto Exchanges
      • Best Short Term Investments
      • Best Long Term Investments
      • Best Trading Platforms
      • Best Investment Apps
    • Company Reviews
      • Lending Club
      • Robinhood
      • M1 Finance
      • Ally
      • TD Ameritrade
      • Fundrise
      • Betterment
      • Etrade
      • Wealthfront
    • Guides
      • Investing for Beginners
      • Investing Small Amounts of Money
      • Investing in Real Estate
      • No Money Down Real Estate
      • Bonds vs Stocks
      • Peer to Peer Lending
      • Best Hedges Against Inflation
      • Safe Bitcoin Investing in 2023
    • Explore More
      • Bitcoin vs. Real Estate
      • Betterment vs Wealthfront
      • Investing for College Students
      • Stock Market Alternatives
    • By Investment Amount
      • How to Invest $100
      • How to Invest $1K
      • How to Invest $2k-$3k
      • How to Invest $5K
      • How to Invest $10K
      • How to Invest $15k
      • How to Invest $20K
      • How to Invest $30k
      • How to Invest $50K
      • How to Invest $100K
      • How to Invest $200K
      • How to Invest $500K
      • How to Invest $1M
  • Taxes
    • Best Of
      • Best Tax Relief Companies
      • Best Tax Software
    • Guides
      • Federal Income Tax Guide 2023
      • Taxes and Cryptocurrency
      • How to Do Your Own Taxes
      • How to Invest Your Tax Refund
      • Hiring a Professional Tax Preparer
      • Tax Tips for Freelancers
    • Company Reviews
      • TurboTax Review
      • H&R Block Review
      • Taxslayer
      • Tax Act
  • Insurance
    • Best Of
      • Best Life Insurance
      • Best Home Insurance
      • Best Auto Insurance
      • Cheap Term Life Insurance
      • Car Insurance For Young Adults
    • Guides
      • Term vs Whole Life
      • Different Types of Car Insurance
      • Average Cost of Car Insurance
    • Explore More
      • Life Insurance Over 50
      • Life Insurance Over 60
      • Life Insurance Over 80
      • $1 Million Life Insurance
      • $2 Million Life Insurance
      • $3 Million Life Insurance
    • Company Reviews
      • Banner Life Insurance
      • Ladder Life Insurance
      • Health IQ
      • Haven Life
      • Policygenius
      • State Farm Auto Insurance Review
  • Retirement
    • Roth IRA
      • Best Places to Open a Roth IRA
      • Best Investments for Roth IRA
      • 7 Roth IRA Secrets
      • Roth IRA Conversion Guide
      • Roth IRA Rules
      • Roth IRA vs Roth 401k
      • Are Roth IRA Contributions Tax Deductible?
    • 401(k)
      • 401(k) Limits
      • 401(k) to Roth Rollover
      • Is 401(k) Enough for Retirement?
      • Maxed Out 401(k): What's next?
    • Traditional IRA
      • Traditional IRA Rules and Limits
      • Traditional IRA vs. 401(k)
      • Simple IRA Rules
      • SEP IRA Rules
      • How Much Do You Need to Start an IRA?
    • Explore More
      • SEP IRA vs. Roth IRA
      • 457 Plan for Successful Retirement
      • 401a Rollover Rules
      • How to Retire at 50
      • How to Retire at 55
  • Banking
    • Best Of
      • Best National Banks
      • Best High-Yield Savings Accounts
      • Best Checking Accounts
      • Best Savings Accounts
      • Best CD Rates
      • Best Money Market Accounts
    • Company Reviews
      • BBVA
      • Synchrony
      • Wells Fargo
    • Explore More
      • 9 Banking Alternatives for 2023
      • What is a Credit Union?
  • Home
    • Best Of
      • Best Mortgage Lenders
      • Best Mortgage Refinance Companies
      • Best Home Warranties
      • Best Homeowners Insurance
      • Best VA Loans
      • Best Mortgage Rates
      • Best Moving Companies
      • Best Home Security
    • Guides
      • Home Buying Checklist
      • Online Home Appraisal
      • How Much House Can I Afford?
      • First-time Homebuyer Programs
      • How to Get Approved for a Home Loan
      • Save Money When Building a House
      • How to Save for a Downpayment
      • When to Refinance Your Mortgage
    • Explore More
      • 15 vs. 30-year Mortgage
      • Home Warranty vs. Home Insurance
      • Veterans United Home Loan Review
      • Quicken Loans Review
      • HELOC vs Second Mortgage
      • DCU Mortgage Review
      • Costco Mortgage Program Review
      • USAA Mortgage Loan Review
  • Credit
    • Best Of
      • Best Credit Repair Companies
      • Best ID Theft Protection Services
      • Best Credit Report Options
      • Best Bad Credit Loans
    • Guides
      • How to Build Your Credit Score
      • How to Raise Your Credit Score in 5 Months
      • How to Dispute Your Credit Report
      • Hot to Remove Collections from Your Credit Reports
      • How Identity Theft Destroys Your Credit Score
    • Explore More
      • What is a Good Credit Score?
      • What is a Bad Credit Score?
  • Debt
    • Best Of
      • Best Debt Consolidation Loans
      • Best Personal Loans
      • Best Student Loans
      • Best Student Loan Refinance
    • Guides
      • What is Debt Consolidation?
      • How to Get Out of Debt
      • How to Get a Personal Loan Approved
      • How to Pay Off Student Loans Faster
      • Should I Consolidate My Debts?
      • Should I File for Bankruptcy?
    • Company Reviews
      • Credible
      • Sofi

Home » Invest » Zacks Trade Review

Zacks Trade Review

https://www.goodfinancialcents.com/wp-content/uploads/2019/07/MG_5503-150x150.jpg
  • Written By:
    Jeff Rose, CFP®

    Jeff Rose, CFP®

    Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance...

    Read More
  • Updated: August 23, 2022
  • 4 Min Read
  • Advertising Disclosure

    Advertising Disclosure

    GoodFinancialCents® has an advertising relationship with the companies included on this page. All of our content is based on objective analysis, and the opinions are our own. For more information, please check out our full disclaimer and complete list of partners.

Quality Verified THE GFC® PROMISE
shield check icon
Quality Verified

GoodFinancialCents® partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

shield check icon
Why You Can Trust GoodFinancialCents®

GoodFinancialCents® partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

Are you an active investor who sometimes needs some expert guidance and support in your online trades?

If so, then you might want to try investing with Zacks Trade, a discount broker that offers a variety of valuable trading tools and features.

Take a look below to see some of Zacks Trade’s key features, fees, and pros and cons to decide whether or not you should invest your time and resources with the platform.

Zacks Trade Overview

Zacks Trade logo

Zacks Trade is a subsidiary of Zacks Investment Research, a reputable investment research firm. It is an online discount brokerage company that is accessible to investors in over 200 countries across the globe.

Zacks Trade makes trading available in at least 91 exchanges in 19 countries worldwide. This brokerage firm was born out of a partnership between Zacks Investment Research and Interactive Brokers committed to offering top-of-the-line investment tools at affordable prices.

It is thus driven by the cost-effective trading capabilities of Interactive Brokers and the robust research tools of Zacks Investment Research.

Zacks Trade Platforms

In fact, Zacks Trade has some of the lowest trading fee schedules in the brokerage market. It offers four different special trading platforms:

  • Client Portal
  • Online Platform – Zacks Trader
  • Desktop Platform – Zacks Trade Pro
  • Mobile Platform

You can choose the best platform for your needs at no extra cost. Moreover, Zacks Trade offers live support from human brokers, as well as broker-assisted trades at no additional cost.

With broker-assisted trades, beginner investors can get guidance on the trading processes until they are experienced enough to stand on their own.

Zacks Trade Pricing Plans

Zacks Trade offers some of the most competitive prices in the industry. ETFs and stocks that trade for at least $1 per share cost $0.01. You’ll need to spend a minimum of $3.

ETFs and stocks that trade for less than $1 per share go for 1 percent of the trade value. You’ll need to invest at least $3. When it comes to options trading, the first contract will cost you $1, and every additional contract costs $0.75.

Zacks Trade charges no on-going fees on investment accounts. However, you will need at least $2,500 to open an account. You won’t pay a dime to use any of the brokerage company’s platforms.

How to Invest with Zacks Trade

Choosing an Account Type

Zacks Trade offers two types of accounts:

  • Margin accounts: A margin account will enable you to borrow funds over and above your account balance for investment purposes.
  • Cash accounts: With a cash account, you’re only allowed to trade with the funds you’ve deposited in that account.

Getting Started

You can get a feel of how Zacks Trade works by trading on a demo account. This allows you to start with $1 million in virtual funds to trade stocks, mutual funds, exchange-traded funds (ETFs), and other securities. Once, you understand the ins and outs of trading, you can start trading with real money.

While Zacks Trade is designed for self-directed investors, it gives you access to live brokers in case you need some form of guidance with your trades. These brokers are, however, available only during regular business hours.

Get Started With Zacks Trade

Benefits of Zacks Trade

Zacks Trade Key Features

Zacks Trade offers a variety of features to ensure you have an excellent trading and investing experience. Let’s look at some of the most remarkable features:

  • Basket Trader: You can get this tool on Zacks Trade Pro. It’s designed to import baskets of stock order and execute them quickly.
  • SpreadTrader: This tool allows you to create and manage complex options orders. The tool makes it easy to close or reverse spread positions.
  • Market Scanners: This feature helps to evaluate investments based on your desired parameters.
  • Rebalance Portfolio: This tool makes it easy and quick to rebalance your entire portfolio to suit your investment goals and risk tolerance.
  • Options Strategy Lab: This tool can help you find potentially profitable strategies once you provide your price or volatility forecast for the underlying stock.
  • Volatility Lab: This is a collection of volatility tools that give you an overview of previous and future readings.
  • Probability Lab: This tool provides simple options probabilities that completely adjust according to your forecasts. 

Zacks Trade Research Tools

You can access research tools on any of Zacks Trade’s trading platforms.

However, you may not get some features on the mobile trading platform, thanks to its limited functionality. One of the most remarkable research tools that this brokerage firm offers is the stock scanner.

With the stock scanner, you can search a particular exchange for various parameters, such as most active and top gainers in terms of percentage. You will get a list of stocks after running the tool.

Other powerful research tools geared to help you make more informed trading and investment decisions include:

  • A bond scanner
  • A volatility lab
  • Options chains with a strategy builder
  • Level II quotes

Zacks Trade Security Features

With Zacks Trade, you don’t have to worry about the security of your personal information and investments. The company employs a number of strategies to ensure the safety of your data.

For example, it uses 128-bit SSL encryption to secure the connection between your device and the platform.

Moreover, the company has dedicated security personnel that uses cutting-edge monitoring technology to detect suspicious activities and notify you of any potential threats. You will also be logged-off automatically after a given period.

Likewise, you’ll be denied access to your account after a given number of unsuccessful login attempts. These measures ensure that no unauthorized persons can access your account. Your investments are also protected by the Securities Investor Protection Corporation (SIPC).

If Zacks Trade gets into trouble and closes down, you will get your investments back up to $500,000 in securities and cash. As if that protective is not enough, Zacks Trade offers extra insurance coverage through private insurance firms to ensure the safety of your account.

Is Zacks Trade Ideal for You?

If you are an equity trader who usually places plenty of orders of less than 500 shares, Zacks Trade’s commission schedule and technology will benefit you in a great way.

This platform can also be a great option if you are an active options trader.

If you are a day trader, however, Zacks Trade may not work well for you. The platform is not explicitly designed for day trading, so you might be better off with one of the platforms on our list of top online brokers.

Nonetheless, Zacks Trade offers an enticing per-share commission schedule and can also be a good choice if you are looking to trade on the global markets.

The Pros and Cons of Zacks Trade

The Advantages

  • Access to foreign stock exchanges
  • Great pricing on bonds
  • Great commission schedules for equity trades below 500 shares

The Disadvantages

  • No commission-free ETF’s
  • No cash management features

Bottom Line

With three powerful trading platforms, Zacks Trade offers high-end trading tools at cost-friendly prices.

If you are looking for a platform that provides cost-effective trading, you can’t wrong with Zacks Trade. The platform is ideal for self-directed, active traders.

However, it may not be a good option for an active day trader, as the commissions can get expensive with frequent trades.

Start Investing With Zacks Trade
Facebook LinkedIn Twitter

About the Author

Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. He was a financial planner for 16+ years having founded, Alliance Wealth Management, a SEC Registered Investment Advisory firm, before selling it to focus on his passion - educating the masses on the importance of financial freedom through this blog, his podcast, and YouTube channel.


Jeff holds a Bachelors in Science in Finance and minor in Accounting from Southern Illinois University - Carbondale. In addition to his CFP® designation, he also earned the marks of AAMS® - Accredited Asset Management Specialist - and CRPC® - Chartered Retirement Planning Counselor.

While a practicing financial advisor, Jeff was named to Investopedia's distinguished list of Top 100 advisors (as high as #6) multiple times and CNBC's Digital Advisory Council.

Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur.

Facebook Twitter LinkedIn


You Might Also Enjoy

13 Best Investment Opportunities for Accredited Investors

13 Best Investment Opportunities for Accredited Investors

Bitcoin Historical Annual Returns (10 Years, 5 Years, 3 Years, 1 Year)

Bitcoin Historical Annual Returns (10 Years, 5 Years, 3 Years, 1 Year)

27 Signs You Are Financially Stable

27 Signs You Are Financially Stable

9 Ways - How to Start Investing with $100

9 Ways - How to Start Investing with $100

What Are Your Best Roth IRA Rates?

What Are Your Best Roth IRA Rates?

What Might Happen if You Invest $100 in Bitcoin Today?

What Might Happen if You Invest $100 in Bitcoin Today?

One Response

  1. Investoram.Org April 6, 2019

    With consistent data, outstanding research tools, and cutting-edge encryption to secure trades, there’s not much bad to say about Zacks Trade or the platform, ZacksTradePro.

    Reply

Leave a Reply

Cancel reply

Primary Sidebar

Related Posts

10 Best Online Trading Platforms of 2023 11 Best Online Brokerage Accounts: For Beginners To Experienced Investors 10 Best Places To Open A Roth IRA in 2023 6 Best Options Trading Platforms of 2023 webulll reviewWebull Review: Trade Crypto and Traditional Investments on the Same App

Popular Posts

Trendy girl working from home on laptop and making money

25 Best Ways to Make Money Online from Home in 2023

The 9 Best Ways to Invest $1,000

Roth IRA Rules and Contribution Limits for 2023

Best Homeowners Insurance Companies of 2023

beautiful blond woman holding a jar of money and a book of business to demonstrate income producing assets

21 Top Income Producing Assets to Help You Grow Wealth

Jeff’s Picks

how to make money without a job

How to Make Money Without a Job: 26 Ways to Earn Money Outside the 9-5

Portrait of a smiling young girl in summer clothes showing money banknotes and looking at camera isolated over beige background for the concept "What is passive income?"

What is Passive Income?

check with One Million Dollars written in

10 Ways to Make One Million Dollars (Seriously!)

Trendy girl working from home on laptop and making money

25 Best Ways to Make Money Online from Home in 2023

7 Income streams are shown using a text

7 Streams of Income of Millionaires (According to IRS)

young man working on his laptop trying to figure out ways to make extra money fast to improve his financial situtaion

How to Make Money Fast: 21 Quick & Proven Ways to Earn Money

9 Ways – How to Start Investing with $100

How Setting Consistent Goals Increased My Revenue By 100%

vector graphic of man celebrating making a lot of money through passive income

31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

How to Make $1,000 Fast (33 Quick Ways to Make $1,000 This Month)

  • Make Money
  • Manage Money
  • Invest
  • Taxes
  • Insurance
  • Retirement
  • Banking
  • Home
  • Credit
  • Debt
  • About
  • Contact
  • Facebook LinkedIn Twitter

© 2023 Good Financial Cents®. All Rights Reserved. | Privacy Policy | Disclaimer

All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

All third party trademarks, including logos and icons, referenced in this website, are the property of their respective owners. Unless otherwise indicated, the use of third party trademarks herein does not imply or indicate any relationship, sponsorship, or endorsement between Good Financial Cents® and the owners of those trademarks. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services.