Zacks Trade Review 2025

Zacks Trade review
Zacks Trade Fees Explained

• Zacks Trade doesn't charge withdrawal fees.
• Zacks Trade does charge a fee for inactive accounts.
• Zacks Trade doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Zacks Trade are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Zacks Trade Costs To Check

Modern brokers like Zacks Trade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Zacks Trade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Zacks Trade trading profitability.

How Zacks Trade Fees Compare Against Other Brokers

Zacks Trade Minimum Deposit

Zacks Trade requires a minimum deposit of 250 GBP/USD/EUR when opening an Zacks Trade trading account.

A minimum deposit is the minimum amount of money required by Zacks Trade to open a new online brokerage account with them.

Don't be scared off by brokers like Zacks Trade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Zacks Trade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Zacks Trade Withdrawal Fees

Zacks Trade doesn't charge withdrawal fees.

Zacks Trade Withdrawal rules may vary across different brokers when it comes to transferring funds from your Zacks Trade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Zacks Trade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Zacks Trade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Zacks Trade. Researching and comparing Zacks Trade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Zacks Trade funds frequently or dealing with large sums of money. Awareness of these Zacks Trade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Zacks Trade funds.

For example, Zacks Trade allows you to withdraw your funds to Bank Transfer, Debit Cards, VISA, MasterCard.

Zacks Trade Inactivity Fees

Zacks Trade does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Zacks Trade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Zacks Trade fees and services. It's recommended that you check the Zacks Trade website before signing up. If you decide to close your Zacks Trade account, it's important to do so with the Zacks Trade broker customer support and obtain confirmation that no remaining Zacks Trade fees are due.

Brokers like Zacks Trade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Zacks Trade Deposit Fees

Zacks Trade does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Zacks Trade Commission Fees

Zacks Trade does charge commission on CFD instruments.

Brokerage firms like Zacks Trade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Zacks Trade trading account level held by the trader.

Zacks Trade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Zacks Trade terms and conditions to understand the commission fees and any other charges that may apply is essential.

Zacks Trade review
Trading on Zacks Trade web platforms and other applications

Zacks Trade provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A Zacks Trade iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Zacks Trade also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Zacks Trade's platforms

Is the Zacks Trade Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Zacks Trade trading platform to protect you on PC and mobile Zacks Trade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Zacks Trade web trading platforms.

Zacks Trade Trading Platform Options

Zacks Trade does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Zacks Trade offers its custom trading platform developed and tested in-house. The Zacks Trade trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Zacks Trade platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Zacks Trade, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Zacks Trade platform, including news and quotes. Discover possible trades with the strong charting tools found with Zacks Trade. Zacks Trade is available as downloadable applications or online through the cloud. Monitor your orders with Zacks Trade and receive breaking news in your positions.

Zacks Trade Trading benefits

• Zacks Trade Low min deposit

Zacks Trade Trading Accounts Offered

Below we give an overview of the account types that Zacks Trade offer. Whatever you are looking to trade, the varying Zacks Trade account types will be able to provide you with what you need.

• Zacks Trade Demo account
• Zacks Trade Mini account
• Zacks Trade Managed account

Can I try Zacks Trade?

Zacks Trade provides a demo account that enables individuals to explore trading before investing their funds. By creating a Zacks Trade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Zacks Trade demo account can help individuals to make informed decisions before investing their money.

Open a demo Zacks Trade account to practice and trade.

Your capital is at risk

Zacks Trade withdrawal and funding methods

It's essential to remember that the payment methods provided by Zacks Trade vary based on the Zacks Trade entity and the Zacks Trade client's country of residence. To view the Zacks Trade payment options available, you can log into your Zacks Trade member's area.

Zacks Trade offers various funding payment methods listed in your Zacks Trade dashboard if available in your region. To learn more about the Zacks Trade funding and withdrawal options available in your area, you can explore the Zacks Trade website.

Zacks Trade provides several payment methods for funding your Zacks Trade account. You may utilize any of these deposit options if they are available in your region. Zacks Trade ensures that users have multiple payment methods to choose from, making it more convenient for verified Zacks Trade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Zacks Trade user's location. learn more about Zacks Trade funding and withdrawal methods.

Zacks Trade Payment Methods

Some Zacks Trade payment methods are local and are available only to specific regions. Zacks Trade account holders should check which payment methods are provided in your region.

• Zacks Trade accepts Bank Transfer
• Zacks Trade accepts Debit Cards
• Zacks Trade accepts VISA
• Zacks Trade accepts MasterCard

How can I start trading with Zacks Trade?

To open a trading account with Zacks Trade, individuals can sign up on the Zacks Trade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Zacks Trade account validation and making a deposit. Once completed, Zacks Trade users can download the trading platform of their choice.

It's important to note that Zacks Trade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Zacks Trade maintain a trustworthy financial environment for its 720,000 users. Detailed information on the Zacks Trade trading platforms is available on their website.

Your capital is at risk

Performing trades with Zacks Trade

When using Zacks Trade, the minimum trade size is typically $3 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Zacks Trade have a max trade of varies.

Zacks Trade, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Zacks Trade can be useful for traders starting or with limited capital.

Like other brokers, Zacks Trade margin requirements can differ depending on the traded instrument.

CFD Trading on Zacks Trade

We will show you an example of the basics of using Zacks Trade leverage.

CFD trading on Zacks Trade allows traders to speculate on the price movements of various financial instruments against the broker Zacks Trade, without actually owning real assets. With CFDs, Zacks Trade traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Zacks Trade provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Zacks Trade leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Zacks Trade trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Zacks Trade leverage magnifies both profits and losses in trading.

Trading CFD trades on the Zacks Trade platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Zacks Trade traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Zacks Trade

Zacks Trade offer educational resources which include Research Articles. Please bear in mind that these resources provided by Zacks Trade do not guarantee any results when trading. When we checked on the Zacks Trade website, these educational resources were not available in every language. Also some financial instruments mentioned in any Zacks Trade educational resources may not be available in your region.

To trade effectively with Zacks Trade, it's important to have a good understanding of the Zacks Trade trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Zacks Trade and externally.

Zacks Trade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Zacks Trade. Familiarizing yourself with the Zacks Trade trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Zacks Trade. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Zacks Trade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Zacks Trade, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Zacks Trade. Explore the Zacks Trade platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Zacks Trade, before live trading.

Customer Support at Zacks Trade

As part of our Zacks Trade review, we review customer service options, response times and problem resolution effectiveness on the Zacks Trade trading platform. The Zacks Trade trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Zacks Trade Available Support Types

Based on our experience, we have given Zacks Trade a D grade for customer support. We encountered some slow response times or Zacks Trade queries that were left unanswered.

Compared to other brokers, Zacks Trade offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Zacks Trade

Our team tested the live chat support of Zacks Trade and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Zacks Trade support services in various countries and languages and found that Zacks Trade were able to effectively resolve our customer issues.

Email Support at Zacks Trade

We tested the email support of Zacks Trade by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Zacks Trade response.

The Zacks Trade team did resolve and answer our queries, but the email support from Zacks Trade was overall average compared to other brokers we have tested.

Phone Support at Zacks Trade

We contacted Zacks Trade via phone and received quick assistance within 10 minutes of our call.

The Zacks Trade phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Zacks Trade and found that they could assist us in various languages.

While we found the Zacks Trade phone support satisfactory, there is room for improvement in response time.

See how Zacks Trade Support Compares Against Other Brokers

What you will need to open an account with Zacks Trade

As Zacks Trade is regulated by FINRA (Financial Industry Regulatory Authority), SIPC (Securities Investor Protection Corporation).

As a new client of Zacks Trade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Zacks Trade in your region. During the Zacks Trade account opening process, you will be asked to provide Zacks Trade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Zacks Trade have the following documents available.

• Zacks Trade require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Zacks Trade compliance. This must be dated within the last six months.
• If you plan to fund your Zacks Trade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Zacks Trade platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Zacks Trade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Zacks Trade's platform.

However, remember that you won't be able to make trades on Zacks Trade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Zacks Trade KYC compliance process as soon as possible to avoid any delays in accessing the Zacks Trade platform's features.

It is important to note that Zacks Trade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Zacks Trade platform and features immediately. However, you must pass the verification process to start live trading with Zacks Trade, which can take up to a few business days.

To start the process of opening an account with Zacks Trade you can visit the Zacks Trade trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.zackstrade.com/ on December 19, 2024.

Watch this Zacks Trade Explainer Video

Zacks Trade review written by Andrew Blumer and Mark Hansen