Since 1978, Zacks Trade, an online broker located in Chicago, has been offering online trading services to self-directed traders and investors from all around the globe. The broker offers stocks, options, ETFs, bonds, and mutual funds for online trading, with competitive fees starting from just $3 on stocks and ETF trades. They also provide traders with a range of flexible trading platforms and tools to choose from.
Zacks Trade Review Introduction
In this Zacks Trade review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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Zacks Trade Platforms & Tools
Zacks Trade has a selection of platforms to suit different experience levels and styles of traders. They include:
Zacks Trade Pro
This is the broker’s proprietary and flagship platform; it has a fully customizable interface. The platform is user-friendly and contains a range of built-in trading tools.
The broker provides traders with a personalized client portal where they can view their accounts, manage trades, and do much more.
This is a web-based trading platform that can run directly on clients’ web browsers without needing to download any additional software. It has similar features as the Zacks Trade Pro Platform.
The broker has versatile and easy to use mobile trading platforms. They are compatible with iOS and Android devices and can be downloaded from the respective app stores.
Zacks Trade also offers a variety of powerful trading tools to suit the needs of different trading styles. They aid efficient trading, advanced charting capabilities, and detailed market analysis. The tools include Algos, Probability Lab, Basket Trader, Rebalance Portfolio, Market Scanners, Spread Trader, Options Strategy Lab, and Volatility Lab.
Zacks Trade Research & Education
The broker provides a wide variety of research and educational resources to enable traders to understand the markets and make the most of their investment opportunities. They include Dow Jones, Morningstar, Seeking Alpha, The Motley Fool, Thomson Reuters, and Benzinga.
Zacks Trade Trading Accounts
Zacks Trade offers a standard brokerage account that gives flexible access to all platforms and trading products. There are Cash and Margin Accounts that require minimum deposits of $2,500 and $2,000 respectively. The broker covers a transfer fee of up to $150 for traders who want to transfer a brokerage account that has at least $5,000 over to Zacks Trade.
Zacks Trade Account Funding
Zacks Trade accepts the following payment methods for depositing and withdrawing funds from trading accounts: bank wire, ACH, and check. Some methods may only be available to specific countries. The broker does not accept third party payments, and there may be some fees charged when using certain payment methods.
Zacks Trade Customer Service
The broker has knowledgeable customer support representatives who are available Monday to Friday, 9 am to 6 pm EST. They can be reached via online chat, telephone, and email. There is also a frequently asked questions (FAQ) section that covers a range of general topics.
Zacks Trade Regulation
Zacks Trade brokerage products and services are offered by LBMZ Securities, which is a member of the Financial Industry Regulatory Authority (FINRA). The FINRA is an independent organization that regulates its member brokers in the United States.
Zacks Trade Review Summary
Zacks Trade is a U.S. broker that offers a wide range of trading products via easy-to-use trading platforms. They also provide clients with premium research tools.
It is worth mentioning that some of the trading products and services in this Zacks Trade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Zacks Trade broker website which you can visit by using the link below.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.