Overview of Zacks Trade fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates Zacks Trade charges.
Zacks Trade commission and other fees
Zacks Trade commission and other trading fees
The good news is that Zacks Trade has low trading fees in general. We ranked the fees of Zacks Trade as low, average, or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Zacks Trade commissions, spreads, and financing rates for each asset class are low/average/high.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Stock and ETF | Low | Low | Low |
| Forex | - | - | - |
| Fund | High | Average | Low |
| Bond | Low | Low | Low |
| Options | Low | Low | Low |
| Futures | - | Average | - |
Now let's go over the trading fees for each asset class one by one.
Zacks Trade stock and ETF commissions, spreads
Zacks Trade stock and ETF commissions are low. Zacks Trade stock and ETF commissions are charged as per the table below.
| Zacks Trade | |
|---|---|
| US stock | $0.01 per share commission for stocks priced above $1, or 1% of trade value for stocks priced below $1. The minimum fee is $1. |
| UK stock | 0.3% of trade value with a £12 minimum |
| German stock | 0.3% of trade value with a €12 minimum |
| Indian stock | Not available |
You can compare Zacks Trade stock and ETF fees with the two closest competitors.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US stock | $1.0 | $0.0 | $0.0 |
| UK stock | $14.9 | - | - |
| German stock | $12.8 | - | - |
| Indian stock | - | - | - |
Stock and ETF commissions are calculated for a $2,000 trade
Zacks Trade fund commissions
Zacks Trade fund commissions are high. The table below shows how Zacks Trade fund commissions are calculated.
| Zacks Trade | |
|---|---|
| Mutual fund | $27.50 per transaction |
Check out how Zacks Trade fund fees compare with the competition.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Mutual fund | $27.5 | $15.0 | $0.0 |
Fund commissions are calculated for a $2,000 trade
Zacks Trade bond commissions
Zacks Trade bond commissions are low. The table below contains the description of Zacks Trade bond commissions.
| Zacks Trade | |
|---|---|
| US Treasury bond | Up to $1 million face value: 0.025% * face value + $3 per bond. Remaining face value: 0.005% * face value + $3 per bond |
| EU government bond | EURONEXT bonds: 0.3% of trade value EUR with a €12 minimum |
See how Zacks Trade bond fees stack up against the competition.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US Treasury bond | $5.5 | $20.0 | $0.0 |
| EU government bond | $28.0 | - | - |
Bond commissions are calculated for a $10,000 trade
Zacks Trade options commissions
You can see below the description of Zacks Trade options commissions. Zacks Trade options fees are low.
| Zacks Trade | |
|---|---|
| US stock index options | $1 for first contract + $0.75 for each additional contract |
| US stock options | $1 for first contract + $0.75 for each additional contract |
| UK stock index options | Not available |
| German stock index options | Not available |
Compare options commissions charged by Zacks Trade with those of TradeStation and Firstrade.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US stock index options | $7.8 | $6.0 | $0.0 |
| US stock options | $7.8 | $0.0 | $0.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Options commissions are calculated for 10 contracts
Zacks Trade commission and other fees
Zacks Trade non-trading fees
In addition to trading fees, it's important to see if Zacks Trade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Zacks Trade with its two closest competitors.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | No |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Zacks Trade commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Zacks Trade and its closest competitors. To learn more about Zacks Trade, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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