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ZacksTrade vs E*TRADE

ZacksTrade is a good discount broker with low fees and excellent research tools. How does it compare to E*TRADE? Read our comparison chart below.

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.

While E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

Compare ZacksTrade with E*TRADE, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

ZacksTrade

E*TRADE

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Benefits and Features

Stock TradingGreater than $1 per share: $0.01 per share, $3 minimum; Less than $1 per share: 1% of Trade Value, $3 minimum
$0 per trade
Options Trading$3 for First Contract + $0.75 per additional$0 per trade + $0.65 per contract
$0 per trade + $0.50 per contract if you make 30+ trades a quarter
Minimum Deposit
$2,500
$500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading$27.50 (Greater than $1 per share)$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFs 
250+
Penny StocksLess than $1 per share: 1% of the principle, $3 minimum.
Broker Assisted Trades
No extra charge
$25 + Regular Commission
Customer Service9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
800-387-2331
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Banking
No
Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Yes, iOS & Android
Desktop App
ZacksTrader & ZacksTradePro
E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Forex Trading
No
 
Futures Trading
No
$1.50 per contract, per side + fees (excluding bitcoin futures)
Locations
No physical locations
30
Online Community ETrade Community lets you exchange trading and investing ideas with other ETrade customers.
Seminars Live events and educational seminars at local branches.
Virtual TradingCan request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. 
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Banking
Online Community
Pros & ConsPros:
  • Fees starting at $3 per trade
  • Outstanding research tools
  • No additional fees for broker assisted trades
Cons:
  • Not beginner friendly
  • $2,500 minimum to start
Pros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Bottom LineGood discount broker with low fees and excellent research tools... Read full reviewOnline broker with one of the best user interfaces... Read full review

Learn more about E*TRADE

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

ZacksTrade: Pricing information from published website as of 10/21/2018

E*TRADE: Pricing information from published website as of 06/01/2020.

Which is Better: ZacksTrade or E*TRADE?

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

In short: ZacksTrade's stock trading, options trading, commissions and fees, and research are impressive. E*TRADE's mobile app, ease of use, and trading platform are outstanding.


Articles on ZacksTrade


Articles on E*TRADE


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About CreditDonkey®
CreditDonkey is a stock broker 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.

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