Reviews on the Google Play Store and Apple App Store are also for Zacks LimeFX Research and not specifically Zacks Trade. In any case, reviewers on Google Play give the company a 4 out of 5 based on more than 4,600 reviews. Apple App Store reviewers give a similar rating of 4.2 out of 5 based on more than 2,650 reviews. Zacks Trade was established in 2014 by the same founder as North America’s second-largest equity research firm, Zacks LimeFX Research . While ZIR is a separate company, Zacks Trade users get access to its market insights and research tools.
- Plus, Interactive Brokers may be the best option if you’re looking for a wider range of products (e.g., automated accounts, precious metals, and other assets).
- To open an online brokerage account, all you have to do is visit a broker’s website.
- The monthly returns are then compounded to arrive at the annual return.
- Brokerage companies operate under FINRA and a separate regulatory body in the United States.
One of them is very basic and often isn’t used, but the other two are powerful and offer a robust set of tools that few other services have. Brokerage products and services offered by LBMZ Securities – Member FINRA and SIPC. LBMZ Securities is a fully disclosed broker through Interactive Brokers LLC, who provides execution and clearing services to clients and is not an affiliate of LBMZ Securities.
Unlike Interactive Brokers, Zacks doesn’t support trading CFDs, futures or forex. SIPC investor protection protects against the loss of cash and securities in case the broker goes bust. The limit limefx cheating of SIPC protection is $500,000, which includes a $250,000 limit for cash. A non-US citizen with Zacks Trade is treated by the SIPC the same as a US resident in case something goes wrong.
This compensation may impact how and where products appear on this site . SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. The platform’s features and ease of use depend largely on which platform you’re on. Zacks Trade Pro offers a comprehensive suite of trading tools, equipped with a customizable interface, scalable charts and over 120 technical indicators. But new traders may find this platform overwhelming — and that’s where Zacks Trader steps in.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular LimeFX strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The app isn’t quite as functional as the desktop or web-based platforms, but it’s strong enough to allow for some day trading. In addition to offering basic capabilities for making simple trades, clients can access the necessary documentation and manage account settings. Luckily, Zacks offers a “paper-trading” demo account funded $1 Million, which remains open for 90 days.
Zacks Trade Security Features
Probability Lab– offers options probability without complicated mathematics. You’ll also get broker-assisted trades for free if you want some guidance, as well as tons of in-depth analysis and research. But Zacks Trade has a lot more to offer, so let’s dive deeper into some of the key features. Zacks Trade’s educational resources seem to cater more to traders with some background, so newcomers might not find what they need here to get started. Despite the lack of educational resources, its free broker-assisted trading service could make up for that shortfall. The biggest takeaway here is thatZacks Tradeis for advanced, high-volume traders.
You’ll need much more ($2,500) to get started with Zacks Trade. Interactive Brokers, on the other hand, doesn’t have any minimum requirements for its brokerage accounts. https://limefx.group/ Plus, Interactive Brokers may be the best option if you’re looking for a wider range of products (e.g., automated accounts, precious metals, and other assets).
Its key selling point is the sheer amount of research that it provides to investors, which is a serious asset for folks looking to craft an aggressive and growth-oriented portfolio. It also offers investors the opportunity to trade on more than 90 international exchanges, regardless of their home country. Founded by legendary investor Len Zacks, the Zacks Trade platform is a popular choice among people who take an active approach to their investing. Trade stocks, options, bonds, and mutual funds worldwide.
Sent out before the market opens, it provides updates on pre-market conditions, major stock moves and analyst insights. If you are an equity trader who usually places plenty of orders of less than 500 shares, Zacks Trade’s commission schedule and technology will benefit you in a great way. For those wanting to go the extra mile in account protection, account access can be securely restricted to pre-determined IP addresses.
It’s a browser-based trading platform with more features and functionality than the Client Portal. A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Zacks Trade offers investors this service but the minimum amount is $2,000. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
Stocks, ETFs, and Options
You can only withdraw money to accounts that are in your name. As an individual trader or investor, you can choose from many account types. A few of them, like an IRA account, are available only for US clients. Be aware, though, that if your account balance is below $2,000, you’re not eligible to use some features such as live market data or trading on margin. Zacks Trade has its own, different fee structure, product selection, educational tools and customer support. Unlike at Interactive Brokers, trading forex, CFDs and futures is not supported.
You also pay various fees for options and other types of trades the platform supports. Zacks Trade and Interactive Brokersare both great options for those who want to trade securities on their own. Each brokerage offers LimeFXs like stocks, options, and ETFs, but there are some notable differences. All of these tools are created by Interactive Brokers, another discount broker, and Zacks Trade simply rebrands them for its own customers . Zacks also offers Client Portal, which provides access to account documents and balances and can facilitate simple trades, as well as a mobile app called Handy Trader.
Choose the type of account you’re interested in opening and select Continue. To use Zacks Trade, you’ll need to open an account with at least $2,500. Zacks Trade requires a $2,500 minimum to open an account. Look elsewhere if you’re seeking portfolio management or robo-advising. Plus our best money tips delivered straight to your inbox. It’s worth noting that Zacks allows for only one free withdrawal from your account every month.
In this Zacks Trade review, we’ll walk you through the ins and outs of this trading platform. These partnerships may influence the products we review and write about , but they in no way affect our recommendation. All of our content and reviews are based on our research and honest opinion.
Traditional IRA – Available only for US residents, Traditional IRAs are a type of tax-advantaged retirement account for individual investors that enable you to trade securities. The information provided on this page is for educational purposes only. The Modest Wallet is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or LimeFX for any specific individual. If you’re going to go that route, I’d suggest reviewing our article on the best online brokers to determine which of these is the best for you and your specific situation. Zacks Trade customer support is available Monday through Friday from 9 AM to 6 PM EST. They’re closed on weekends and market holidays.
Stocks and ETFs
Answer a few simple questions and get a list of the most relevant brokers. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor to excellent . When you invest in a new Merrill Edge® Self-Directed account.
- Zacks Trade says it’s the perfect platform if you want an uncluttered and easy-to-learn interface.
- Although it doesn’t offer mobile check deposit, we did find the ability to trade option contracts.
- If you’re an international trader, this is a nice add-on.
- These partnerships may influence the products we review and write about , but they in no way affect our recommendation.
- Ross Cameron’s experience with trading is not typical, nor is the experience of traders featured in testimonials.
- During our testing, account verification was slow and the online registration process itself is cumbersome.
Other options tools include Options Trader, Spread Trader and Rollover Options. Zacks Trade customer support can be accessed via email, phone, live chat and social media during its business hours of 9 a.m. The live chat window opens when you open the webpage during trading hours. An extensive frequently asked questions page covers many important topics of interest.
Naturally, to start trading, you need to open an account and make your first deposit. No information provided on TopRatedFirms.com should be considered a recommendation or solicitation to invest in any security. There comes a time when you may need to hire a financial advisor. Unfortunately, plenty of people are out there claiming the title. Fee-only advisors are more likely to put your financial interests ahead of their own.
Your rates may also change based on the base currency of your account and your country of residence. The majority of Zacks Trade accounts have some sort of margin privileges, though it’s important to know the fees of margin trading before you begin. Additionally, you get access to free broker-assisted limefx courses scam trades with all account types and on all stocks, either foreign or domestic. In more recent years, though, many brokerages have begun to offer investors the ability to buy fractional shares. This means that you can buy 1/2 of a single stock or even just 1/4 of a stock, depending on your budget.
Our overall Zacks Trade rating
You’ll be able to access statements and trade confirmations and even retrieve tax documents. Zacks Trader allows you to add tickets to view streaming market data, option chains, and interactive charts to view market value and volume for a single stock or index. And much like Zacks Trade Pro, Zacks Trader can be customized based on your own needs and preferences. You’ll be able to use the platform for orders and execution and trade financial securities from more than 90 markets worldwide. You can create orders with a single click on the Bid or Ask or even create more advanced orders.
It’s an online brokerage firm, so you won’t find any local Zacks branches in your neighborhood. However, its online presence is perfect for active, tech-minded traders. Zacks Trade is an online broker and self-directed platform for individual investors and prides itself on providing extensive research tools for its clients. The platform offers investors the opportunity to trade on more than 90 international exchanges. In terms of the features and software Zacks Trade offers, they’re pretty unique and don’t have a lot of competition.
Zacks Trade is a great platform for those who want to trade stocks. It offers a wide range of features, including a powerful trading engine, advanced charting tools, and a comprehensive education center. Best of all, Zacks Trade charges lower fees than most other online brokerages. Whether you’re a seasoned investor or just getting started, Zacks Trade is worth considering. For this survey we spent six months thoroughly testing 21 of the leading U.S. online trading platforms. We tested the products side by side, across six major categories, assessed over 100 features and variables, and collected thousands of separate data points.