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Robinhood vs ZacksTrade

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to ZacksTrade? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

While ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.

Compare Robinhood with ZacksTrade, side-by-side.

 Robinhood
 Visit SiteLearn More
 

Robinhood

ZacksTrade

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

Get Up to $150 Transfer Fee Credit - Learn More

 

Benefits and Features

Stock Trading
$0
Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum
Options Trading
$0
$1 for First Contract + $0.75 per additional
Annual Fee
None
 
Cryptocurrency Trading
Check
 
Minimum Deposit
$0
$2,500
Mutual Fund Trading
No
$27.50 (Greater than $1 per share)
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
24/7
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$80 Billion
 
Penny Stocks Less than $1 per share: 1% of the principle, $1 minimum.
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
No extra charge
Customer Service 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.2 stars, 4m ratings)
 
Android App
Yes (3.8 stars, 453k ratings)
 
BankingRobinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.
No
Mobile App
Yes
Yes, iOS & Android
Desktop App 
ZacksTrader & ZacksTradePro
Two-Factor Authentication
Yes
 
Forex Trading 
No
Futures Trading 
No
Locations
No
No physical locations
Online Community
No
 
Seminars
No
 
Virtual Trading
No
Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineFree way to trade stocks with limited bells and whistles... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 04/18/2020.

ZacksTrade: Pricing information from published website as of 07/10/2020

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.


Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Which Do You Think is Best?





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Ally Invest Review: Pros and Cons

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

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