ZacksTrade Brokerage Company Review
ZacksTrade is an excellent platform for self-directed traders. It offers support to the traders while keeping them in control of their trades. Moreover, the commission rates of ZacksTrade are among the lowest in the industry, and the technology is among the best.
ZacksTrade allows traders to trade on over 91 exchanges in 19 countries, from a single account. It also provides the option to trade in a variety of instruments including stocks, ETFs, and options.
In terms of commissions, ZacksTrade charges $0.01 per share or 1% of trade value for trading stocks and ETFs, with a minimum commission of $3. The commission for trading options is $3 for the first contract and $0.75 per additional contract. It does require a minimum balance of $2,500; however, there is no inactivity fee or software fee.
ZacksTrade provides excellent research to its clients. The users get access to more than 20 free research subscriptions and 80 premium trials to find trading opportunities. ZacksTrade is also known for its powerful trading tools, including Algos, Market Scanners, Volatility Lab, Basket Trader, and rebalance Portfolio. The tools help traders work with high speed and efficiency.
The flagship trading platform of ZacksTrade, ZacksTrade Pro, is most suitable for active, high-volume traders. It is a comprehensive platform with a vast variety of features. Traders can create watch lists and alerts, view balance, margins, and funds, and manage all their open and filled orders through ZacksTrade Pro. Technical analysis tools and other advanced tools are also available with the platform.