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 | |
|---|---|---|
Learn more about E*TRADE - | ||
Benefits and Features | ||
| Stock Trading | Greater than $1 per share: $0.01 per share, $3 minimum; Less than $1 per share: 1% of Trade Value, $3 minimum | |
| 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 | $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 | ||
| Penny Stocks | Less than $1 per share: 1% of the principle, $3 minimum. |  |
| Broker Assisted Trades | ||
| Customer Service | 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free) | |
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | |
| Mobile App | | |
| Desktop App | 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 | ||
| Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
| Locations | ||
| 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 Trading | Can 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 & Cons | Pros:
| Pros:
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| Bottom Line | Good discount broker with low fees and excellent research tools... | Online broker with one of the best user interfaces... |
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
ZacksTrade Review
Articles on E*TRADE
ETrade Reviews
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