Zacks Trade Review: Is this Broker the Right Choice for Your Investments?
If you’re considering using Zacks Trade as your broker, you’re likely wondering if they’re the right choice for your investments. Zacks Trade is a well-established brokerage firm that has been around for over 25 years. They offer a wide array of investment options and tools to help you manage your portfolio. In this Zacks Trade review, we’ll take a closer look at what they have to offer and help you determine if they’re the right broker for your investments.
Platform and Tools
Zacks Trade offers a user-friendly web-based platform that is easy to navigate. The platform offers a wide range of tools to help you manage your portfolio, including:
- Streaming quotes and charts
- Real-time news updates
- Customizable dashboards and watchlists
- Research reports and analysis
- Access to third-party data providers
- Screener tools
The platform is also compatible with mobile devices, allowing you to manage your investments on-the-go. Overall, Zacks Trade offers a well-designed platform that can meet the needs of most investors.
Investment Options
Zacks Trade offers a wide range of investment options, including stocks, bonds, options, ETFs, mutual funds, and more. They also offer access to international markets, giving you the ability to invest in over 100 global markets. Additionally, Zacks Trade offers a vast selection of mutual funds available for no-load and no-transaction-fee (NTF) trading.
Fees
Zacks Trade has a simple and transparent fee structure that is competitive with other online brokers. The following are some of the fees associated with trading with Zacks Trade:
- Stocks and ETFs: $0.01 per share, with a minimum of $3
- Options: $3 per trade and $0.75 per contract
- Mutual funds: $27.50 per trade
- Bonds: $3 per bond, with a minimum of $5 and a maximum of $10 per trade
There are no account maintenance or inactivity fees, which is a significant advantage for beginners or infrequent traders.
Customer Support
Zacks Trade offers customer support via phone, email, and live chat. They also offer an extensive library of educational resources, including articles, videos, and webinars. They also provide access to a network of financial experts.
Pros
- Competitive fees
- User-friendly platform
- Access to international markets
- No account maintenance or inactivity fees
Cons
- No commission-free ETFs
- No physical branch locations
- No direct access routing (DAR) for options traders
Conclusion
Overall, Zacks Trade is a solid choice for investors who want access to a wide range of investment options and trading tools. Their pricing structure is competitive, and they offer a user-friendly platform with excellent customer support options. Keep in mind that Zacks Trade may not be the best fit for you if you’re an options trader looking for direct access routing or if you prefer commission-free ETFs. However, for most investors, Zacks Trade is an excellent option for managing your investments.
PLEASE NOTE: Some of the articles have been created by Artificial Intelligence for marketing purpose. Not all of them has been reviewed by humans so these articles may contain misinformation and grammar errors. However, these errors are not intended and we try to use only relevant keywords so the articles are informative and should be close to the truth. It’s recommended that you always double-check the information from official pages or other sources. Also, the articles on this website are not investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warrant that any such movements or levels are likely to reoccur in the future.
In accordance with the requirements set by the European Securities and Markets Authority (ESMA), trading with binary and digital options is only available to customers categorized as professional clients.
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