Zacks Trade Account Type

　　Zacks Trade offers a variety of account types to cater to different investor needs, including:

• Individual and Joint Brokerage Accounts: Suitable for individual investors or multiple investors who want to share an account.
• Custodial Accounts: Designed for minors, managed by an adult until the minor reaches the age of majority.
• Trust Accounts: For individuals looking to manage their assets through a trust.
• Retirement Accounts: Including Traditional IRAs, Roth IRAs, and Rollover IRAs, allowing tax-advantaged retirement savings.
• Business Accounts: Options for corporations, partnerships, and limited liability companies.
• Margin Accounts: Available with a minimum balance, allowing investors to borrow funds to trade.
• Portfolio Margin Accounts: For larger portfolios requiring a minimum of $110,000 in net liquidation value.

　　The minimum investment to open an account is $2,500, which is higher than many competitors.

　　

Zacks Trade Broker Account Opening Process

　　To open an account with Zacks Trade, follow these steps:

• Visit the Zacks Trade Website: Navigate to the Zacks Trade homepage.
• Click on "Open an Account": This option is prominently displayed on the website.
• Complete the Application Form: Fill in your personal details, including your name, email address, and phone number.
• Select Account Type: Choose the account type that best suits your trading needs from the available options.
• Verification Process: Provide identification and residency proof. You may need to answer questions regarding your trading experience and financial situation.
• Review and Submit: After completing the application, review all details and submit your application.
• Funding Your Account: Once approved, log in to your account and deposit funds. The minimum funding requirement is $2,500.

　　Zacks Trade also offers a demo account for prospective clients to practice trading without financial risk.