Zacks Trade Broker Review and Opinions

Zacks Trade broker is one of the most popular trading platforms in the US. This is due to its low trading fees and excellent investment research facilities.

Its client portal delivers a wealth of information on stocks and ETFs, including those that trade outside the United States. Plus, it offers a suite of trading tools for options and margin trading.

Opinions

Zacks Trade is a popular brokerage option for seasoned investors who are looking to leverage top-notch research tools and free broker-assisted trades. It also has low margin rates and a day-trading-friendly account. However, it’s not ideal for new investors because of its net worth and trade history requirements.

While most brokers require no minimum deposit to open an account, Zacks Trade requires a $2,500 initial deposit, which can be a significant barrier for beginners. It also charges modest fees on stock and ETF trades, which can add up quickly for high-volume traders.

Benefits

Zacks Trade is a US-based online broker that offers investors access to a wide selection of stocks, options, bonds, ETFs, and mutual funds. It also allows traders to invest in foreign markets via its brokerage platform.

Excellent customer service: The broker has a team of experienced support staff available to answer questions and provide assistance. They can be reached via email, phone, and live chat.

Safety: The broker employs a strong security team that keeps your account safe at all times. It offers two-factor authentication and a physical device to verify your identity when logging in.

If you’re looking for a broker that will help you create an aggressive, growth-oriented portfolio, consider using Zacks Trade. It offers some of the best research in the industry, and its international trading platforms allow you to trade on 91 exchanges across 19 countries.

Deposit and withdrawal

Zacks Trade offers a number of different deposit and withdrawal options. These include cash deposits, ACH transfers, and wire transfers. Generally, the fees charged will depend on the amount of money you’re trying to withdraw and the method used to make the transfer.

In addition to offering high-quality customer service, Zacks Trade also has a dedicated security team that monitors accounts for suspicious activity. This helps to prevent account fraud and theft.

Clients have the option of setting up two-factor authentication, which requires a code that is sent to a device that you have access to. This is particularly useful for those who use a smart device to login.

Trading platform

Zacks Trade is a US-based brokerage firm that offers its clients a variety of trading services. The broker also provides comprehensive research tools and analysis features.

The platform is primarily geared towards active traders who value technical analysis and options. It also includes a number of useful tools that help you manage your portfolio, create spread orders and more.

However, the interface is not beginner-friendly and can be difficult to navigate. If you’re a beginner, it’s best to check out another broker.

Customer service is offered from Monday through Friday, from 9:00am to 6:00pm ET. You can contact support via email, live chat or phone.

Pros and cons

Zacks Trade is an online-only broker that provides extensive research tools. It also offers a low cost-effective platform for trading stocks, ETFs, bonds and options.

The platform is similar to the one offered by Interactive Brokers, but it offers a more personal experience and fewer fees. In addition, it offers a free Handy Trader mobile app that allows you to enter and monitor your account balances from any smartphone or tablet.

Its low margin rates and day-trading-friendly accounts are a great fit for active investors. On the other hand, its higher minimum deposit requirements can be a drawback for newer traders. In addition, its lack of professional portfolio management tools and products is a downside for investors who want to take a passive approach.

Account opening and login

Zacks Trade is a US-based brokerage and its customer service team is available around the clock via email, phone and live chat. The broker’s support team offers helpful guidance throughout the trading process and provides video tutorials.

Opening an account is a straightforward process that requires entering your name, address and email address. You’ll also have to select which type of account you want.

There are several account types to choose from, including individual and joint accounts, and trust and custodial accounts. You can even set up traditional and Roth IRAs, which aren’t always available at most brokers.

The Zacks Trade mobile app is a good option for traders who don’t have the time to log in or use a desktop. It features a two-step (safer) login and allows you to place orders, create watchlists, scan assets based on your criteria and much more.

Education

Zacks Trade is a brokerage firm that offers its clients a variety of financial products. It also provides access to a huge range of research and data.

The company’s customer support is well-known for its quick responses to all queries. Clients can use live chat, email and phone support for assistance.

Its platform is also safe and secure. Zacks Trade uses 128-bit SSL encryption to protect all data transfers between the broker and your computer. It also uses security code devices to offer you peace of mind while trading online.

The education section of the Zacks Trade website isn’t very extensive, but it does include a few video tutorials on how to set up an account and work with its platforms. However, this is probably more geared towards experienced traders than beginners.

Customer service

Zacks Trade offers a number of support options, including live chat, email and social media. Customer service representatives are available Monday through Friday from 9 a.m. to 6 p.m. EST, though it is closed on American holidays.

The company also offers security features to help keep your account secure. It has a dedicated security team that monitors accounts for suspicious activity. It also automatically logs off accounts after a certain period of inactivity and locks them for security purposes if a certain number of failed login attempts are made.

LBMZ Securities, the parent company of Zacks Trade, is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Client accounts are insured up to $500,000 with the Securities Investor Protection Corporation (SIPC).

Demo account

If you’re looking to try out Zacks Trade, you can start by signing up for their demo account. This allows you to test out their trading software and learn how to use it before making a real investment decision.

Zacks Trade is a US-based broker that offers investors access to a wide variety of investment products. It is primarily geared towards active traders, and it features a wide range of tools to support that style of trading.

It is owned and operated by LBMZ Securities, and it is regulated by FINRA. Clients can open accounts through a main portal or through a mobile app called Handy Trader. It also has a free investing platform called Zacks Trade Pro that allows customers to add over 120 technical indicators and set up watch lists.