Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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 $5 and $200) - 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
$0
 
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
650-761-7789 (available 24/7)
 
Live Chat SupportAvailable 24/7 (requires sign in) 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$102 Billion
 
Penny Stocks
Yes
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
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.2 stars, 4.3M ratings)
 
Android App
Yes (4.1 stars, 483k ratings)
 
BankingOffers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
No
Mobile App
Yes
Yes, iOS & Android
Desktop App
None
ZacksTrader & ZacksTradePro
Two-Factor AuthenticationDevice approvals, Authenticator app, SMS 
Forex Trading
No
No
Futures Trading
No
No
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer ServiceLive Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
Locations
No
No physical locations
Online Community
No
 
Seminars
Yes
 
Trading Platform
Web Trading, Mobile Apps
 
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
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • 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 Goldco.


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.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Robinhood vs Webull

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

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?

Which Do You Think is Best?





Compare ZacksTrade to:


You might also be interested in

How Much Does EquityBee Take

How Much Does EquityBee Take

Tired of high fees and hidden costs when exercising stock options? Learn about Equitybee's low fees for employees and accredited investors.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.