Zacks Trade Broker Review

　　

Zacks Trade 2025 Review: Everything You Need to Know

　　Zacks Trade has garnered attention for its robust trading platform and extensive research offerings, making it a strong contender for active traders. However, the broker's higher fees and minimum deposit requirements may deter beginners. This review delves into the key features and user experiences surrounding Zacks Trade, providing a comprehensive overview.

　　Note: Its essential to recognize that Zacks Trade operates under different entities across various regions, which may affect service availability and regulatory compliance. This review synthesizes multiple sources to present a balanced perspective on Zacks Trade.

　　

Ratings Overview

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	8
Customer Service and Support	7
Trading Setup (Experience)	7
Trustworthiness	8
User Experience	6

　　We evaluate brokers based on various metrics, including fees, available assets, and customer service.

　　

Broker Overview

　　Founded in 1978, Zacks Trade has established itself as a reputable brokerage firm, primarily targeting active and experienced traders. The broker is a division of LB MZ Securities and offers a trading platform akin to Interactive Brokers, providing access to a wide range of investment vehicles, including stocks, options, ETFs, and mutual funds. Zacks Trade is regulated by the SEC and FINRA, ensuring a level of oversight that instills confidence in its users.

　　

Detailed Breakdown

• Regulated Regions: Zacks Trade operates in 218 countries, with a strong presence in the U.S. market.
• Deposit/Withdrawal Currencies: The broker supports multiple currencies, including USD, EUR, GBP, and more.
• Minimum Deposit: A minimum deposit of $2,500 is required to open an account, which is relatively high compared to many competitors.
• Bonuses/Promotions: Currently, there are no significant promotional offers available.
• Tradable Asset Classes: Zacks Trade provides access to a variety of assets, including U.S. stocks, foreign stocks, options, ETFs, bonds, and mutual funds.
• Costs: Stock trades cost $0.01 per share (with a $1 minimum), while mutual fund transactions incur a fee of $27.50.
• Leverage: Margin trading is available, with rates starting at around 8.83%.
• Allowed Trading Platforms: Zacks Trade offers a proprietary platform, Zacks Trade Pro, along with a web-based client portal and a mobile app called Handy Trader.
• Restricted Regions: Some regions may have limited access or regulatory restrictions.
• Available Customer Service Languages: Primarily English, with support available via phone, email, and chat during business hours.

　　

Ratings Overview (Detailed)

　　

Account Conditions: 6/10

　　Zacks Trade requires a minimum deposit of $2,500, which may be a barrier for new investors. While this may appeal to more serious traders, it limits accessibility for beginners. The inactivity fee of $15 per month for accounts under $25,000 further emphasizes the broker's focus on active trading. According to Bankrate, this high minimum could deter potential clients who are just starting.

　　

Tools and Resources: 8/10

　　Zacks Trade excels in providing extensive research tools and resources. Clients have access to over 20 free research subscriptions and can subscribe to additional premium reports. The Zacks Rank, a proprietary stock rating system, is particularly valuable for traders looking to make informed decisions. As highlighted by NerdWallet, the research capabilities are one of the strongest features of Zacks Trade.

　　

Customer Service and Support: 7/10

　　Customer support is available via phone, email, and chat, but only during regular business hours (9 a.m. to 6 p.m. ET). While access to a human broker is a unique offering, the limited hours may be inconvenient for some users. Reviews on platforms like Trustpilot indicate a mix of experiences, with some users praising the support and others noting responsiveness issues.

　　

Trading Setup (Experience): 7/10

　　The trading experience on Zacks Trade is generally positive, with the Zacks Trade Pro platform offering advanced charting tools and customizable layouts. However, some users have reported that the platform can be complex for beginners. According to Finder, the user interface could benefit from improvements to enhance the overall experience.

　　

Trustworthiness: 8/10

　　Zacks Trade is regulated by the SEC and FINRA, providing a layer of security for investors. The SIPC protects client securities, offering coverage up to $500,000, which adds to the trust factor. Many reviews indicate that Zacks Trade is a legitimate broker, although some users have expressed concerns regarding the platform's fees and complexities.

　　

User Experience: 6/10

　　While Zacks Trade offers a robust platform, user experiences vary significantly. Some users appreciate the advanced tools and research available, while others find the platform overwhelming. The mobile app, Handy Trader, has received mixed reviews, with some praising its functionality while others point out limitations in usability.

　　

Summary of Ratings

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	8
Customer Service and Support	7
Trading Setup (Experience)	7
Trustworthiness	8
User Experience	6

　　In conclusion, Zacks Trade stands out for its comprehensive research offerings and advanced trading tools, making it an appealing choice for active traders. However, the high minimum deposit and trading fees may deter beginners. As with any brokerage, potential users should weigh the pros and cons based on their individual trading needs and experience levels.