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ZacksTrade vs Interactive Brokers

ZacksTrade is a good discount broker with low fees and excellent research tools. How does it compare to Interactive Brokers? 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 Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

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

 

ZacksTrade

Interactive Brokers

 

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 minimumFixed pricing: $0.005 per share (min $1 per order, max 1.0% of trade value). Tiered pricing: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading$3 for First Contract + $0.75 per additional$.15-$.70 per contract ($1 minimum per order)
Minimum Deposit
$2,500
$10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under
Mutual Fund Trading$27.50 (Greater than $1 per share)$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
Commission Free ETFs 
48
Penny StocksLess than $1 per share: 1% of the principle, $3 minimum. 
Broker Assisted Trades
No extra charge
$30
Customer Service9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Inactivity Fee
$0
$10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger
Maintenance Fee
$0
Waived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.
Banking
No
No
Mobile App
Yes, iOS & Android
Yes
Desktop App
ZacksTrader & ZacksTradePro
Yes
Forex Trading
No
Available for qualified customers
Futures Trading
No
Yes
Locations
No physical locations
No
Online Community 
Yes
Seminars 
Yes
Virtual TradingCan request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
Yes
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Mutual Fund Trading
Online Platform
Banking
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:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • $10,000 minimum to open an account.
  • Platform can be too much for a beginner to understand
  • Inactivity fees if you don't meet the trade commission requirements.
Bottom LineGood discount broker with low fees and excellent research tools... Read full reviewGood discount broker for experienced, high volume traders... Read full review

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

Interactive Brokers: Pricing information from published websites as of 09/15/2019.

Which is Better: ZacksTrade or Interactive Brokers?

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 commissions and fees and research are impressive. Interactive Brokers' mobile app is outstanding.


Articles on ZacksTrade


Articles on Interactive Brokers


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