Zacks Trade is an online brokerage offering discounted stock and options trades along with powerful trading platforms and tools. This Zacks Trade review covers their account features, trading platforms, pricing, and overall services to help you decide if Zacks Trade is the right brokerage for your investing needs.
What is Zacks’s Trade?
Zacks Trade is an online trading platform with a brokerage offering $0 stock and ETF trades along with powerful trading tools. Trading platforms are software programs that investors use to manage and execute trades in stocks, options, ETFs, mutual funds, and other securities. Quality trading platforms provide real-time quotes, charts, watchlists, order entry systems, account management, and other trading tools.
Popular platform types offered by online brokers include website platforms, desktop platforms, mobile apps, and advanced platforms for active traders. Top brokers aim to offer intuitive, feature-rich trading platforms catering to various investor types.
Key Details of Zacks Trade Trading Platforms
| Detail | Description |
|---|---|
| Platform Types | Web, Desktop, Mobile Apps |
| Tools & Features | Real-time quotes, charts, screeners, analysis tools, trading from charts, Level 2 quotes, risk management tools |
| Products Available | Stocks, ETFs, Options, Mutual Funds, Bonds |
| Technology | Fast trade execution, custom alerts, risk protection |
| Accessibility | 24/7 platform access across devices |
| Ease of Use | Intuitive navigation and workflows |
Zacks Trade Platform Review
Zacks Trade offers three main trading platforms
Web Platform
Zacks Trade web platform provides an intuitive trading experience through any web browser. It includes customizable layouts, screening tools, advanced charting, Level 2 quotes, and real-time streaming news/research. Easy navigation and visual design allow seamless order management.
The web platform meets the needs of active traders while still being user-friendly for casual traders. Its robust feature set and real-time data make effective trading decisions.
Desktop Platform
Zacks Trade Desktop is a standalone Windows and Mac trading platform. It provides speed and performance for active traders, including hotkeys, risk analysis tools, Level 2 quotes, watchlist columns, and integrated trading in charts.
The desktop platform offers customization to tailor the platform to your workflow. Multiple monitors can be supported for an immersive trading environment. Advanced traders benefit most from the desktop platform.
Zack Trade App
Zacks Trade’s mobile app allows you to monitor and manage your account on the go. It provides watchlists, charts, news, analysis, account management, and trading capabilities. Real-time data and notifications keep you updated while mobile.
The mobile experience focuses on essential trading features needed when you are away from your computer. Casual traders find the Zacks Trade mobile app provides the necessary tools for basic trading needs.
Zacks Trade Review
Zacks Trade offers $0 stock and ETF trades along with powerful trading platforms tailored to active traders. Key features include:
- $0 commissions on stocks and ETFs – No trade commissions. Options have $0.50 per contract fee.
- Advanced web, desktop, and mobile apps – Feature-rich platforms with innovative tools.
- Level 2 quotes and market depth – See detailed quote info and order book activity.
- Robust screening and risk analysis tools – Find trading opportunities while managing risk.
- Integrated charts and trading modules – Perform technical analysis and quickly trade from charts.
- Customizable platforms – Tailor the platforms to your trading workflow and style.
Zacks Trade provides an excellent brokerage solution for active stock, ETF, and options traders looking for fully featured trading platforms.
How to Login to Zacks Trade @ www.zackstrade.com
Follow these steps to log in to your Zacks Trade account:
- Go to the login page at www.zackstrade.com
- Enter your username in the appropriate field
- Type your account password
- Click the Login button to enter your account
- This will securely log you into the Zacks Trade website and platforms
If you ever forget your password, you can use the Forgot Password link to reset and recover it.
Logging in allows you to securely access your account to start trading across the web, desktop or mobile platforms.
Zacks Trade Trading Platform Fees
Zacks Trade offers low trading commissions and platform fees:
- $0 stock and ETF trades – No commission on stocks or ETF trades.
- $0.50 per options contract – Per contract options fee, no base fee.
- No account minimums – No minimum deposit is required.
- $50 IRA annual fee – For IRA accounts only.
- Free platforms access – No fees to use web, desktop, or mobile platforms.
The $0 stock and ETF trades along with low options and account fees make Zacks Trade very affordable for active trading. There are no additional platform fees or monthly account charges.
How to Withdraw Money from Zacks Trade Account
Withdrawing funds from your Zacks Trade account can be done easily online:
- Log into your account @ zackstrade.com
- Go to Balances > Withdraw Funds
- Select the account and amount to withdraw
- Choose the delivery method – check, wire, ACH
- Review and submit the withdrawal request
- Requests are processed within 1-3 business days
You can withdraw to your bank account or request a mailed check. Wire transfers have a $25 fee while electronic ACH transfers are free.
How to Add Money to Your Brokerage Account
Several convenient options to fund your account include:
- ACH transfers – Free electronic transfers from a bank account that take 2-3 days.
- Wire transfers – Wired funds are available same day but have a $25 fee.
- Check – Mail in a check with a deposit slip to fund your account within a week.
- Automatic savings plan – Set up monthly recurring deposits into your account.
ACH electronic transfers or checks are recommended for low-cost funding options. Wires or automatic savings plans provide alternative methods to fund your account.
Zacks Trade Brokerage Fees
The key fees with a Zacks Trade brokerage account include:
- $0 stock and ETF trades – No commission to trade stocks or ETFs.
- $0.50 per options contract – Options trades have a $0.50 fee per contract. No base fee.
- No account minimums – No minimum deposit is required to open a cash account.
- $50 annual IRA fee – Applied only to IRA retirement accounts.
- 6% margin interest rate – Interest charged on margin account balances.
With zero stock and ETF commissions and low options fees, Zacks Trade offers very affordable pricing for active traders. There are no monthly account fees or charges to access platforms.
How to Buy and Sell Stocks Online with Zacks Trade
Placing trades at Zacks Trade can be done easily online:
- Search for the stock symbol or company name you want to trade
- Click Buy or Sell next to the stock price
- Enter the number of shares for the trade
- Set any order instructions like limit price
- Review the order details and click Submit Order
- Your order is sent to the market and executed based on market conditions
You can conveniently trade stocks online through the Zacks Trade web, desktop, or mobile trading platforms. Stock and ETF trades have $0 commissions.
How to Open a Zacks Trade Brokerage Account
Opening a brokerage account with Zacks Trade can be done fully online:
- Go to www.zackstrade.com and click ‘Open Account
- Choose your account type – individual, joint, IRA, etc.
- Enter your details and contact information
- Provide any identity verification requested
- Review and accept the account terms and disclosures
- Fund your account with the minimum initial deposit
You can quickly complete the online account opening process in around 5 minutes. Account approval may take 1-3 days before you can start trading.
Is Zacks Trade Right for You?
Zacks Trade is best suited for:
- Active stock and options traders seeking advanced platforms
- Traders who value $0 stock/ETF trades and low commissions
- Investors who want Level 2 quotes and market depth
- Anyone looking for extensive trading tools and screeners
- Beginner to intermediate self-directed investors
Zacks Trade prioritizes powerful platforms and active trading capabilities, so casual long-term investors may prefer a more basic brokerage. But for stock and options traders, Zacks Trade delivers robust tools and affordable pricing.
Zacks Trade Customer Service
Zacks Trade provides customer support via:
- Phone
US: 312-265-9406
International: 888-979-2257
- Email – Email support@zackstrade.com for prompt assistance.
- FAQ – View frequently asked questions and answers for self-help.
- For more contact information visit https://www.zackstrade.com/contact-us/