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Zacks Trade fees explained

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Overview of Zacks Trade fees and charges as of January 2024

It's safe to say that Zacks Trade's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Zacks Trade even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Zacks Trade's fees

Zacks Trade Fees snapshot
Assets Fee level Fee terms
US stock fee Low $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.
EURUSD fee - FX not available
US tech fund fee High $27.50 per transaction
Inactivity fee High $15 per month, but waived for account balances above $25,000

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BrokerChooser score
4.3 4.3 /5
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Zacks Trade fees explained

We compare Zacks Trade fees with its closest competitors, TradeStation and Firstrade.

Zacks Trade trading fees

Zacks Trade's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Zacks Trade.

Trading fees

Zacks Trade's trading fees are low.

Stock fees and ETF fees

Zacks Trade has low stock trading fees.

Stock fees of a $2,000 trade
US stock
$1.0
$5.0
$0.0
UK stock
$15.0
-
-
German stock
$13.0
-
-

Data updated on January 24, 2024

Fund fees

Zacks Trade fund fees are high.

A $2,000 fund buy fees
Mutual fund
$27.5
$15.0
$0.0
EU mutual fund
- -
-

Data updated on January 24, 2024

Bond fees

Zacks Trade has low bond fees.

Bond fees of a $10,000 trade
US Treasury bond
$5.5
$20.0
$0.0
EU/UK government bond
$27.8
-
-

Data updated on January 24, 2024

Options fees

Zacks Trade's options fees are low.

Stock index options fees of 10 contracts
US stock index options
$7.8
$11.0
$0.0
UK stock index options
-
-
-
German stock index options
-
-
-

Data updated on January 24, 2024

Financing rates

Zacks Trade financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Zacks Trade yearly financing rates
Apple CFD financing rate
-
-
-
Vodafone CFD financing rate
-
-
-
EURUSD financing rate
-
-
-
EURGBP financing rate
-
-
-

Data updated on January 24, 2024

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

Zacks Trade will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Currency conversion charges range typically between $2.0 and $2.5.

Zacks Trade non-trading fees

When it comes to looking at all the non-trading fees Zacks Trade is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Zacks Trade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Zacks Trade stacks up in non-trading fees
Withdrawal fee
$0
$35
$0
Deposit fee
$0
$0
$0
Inactivity fee
Yes
Yes
No
Account fee
No
No
No

Data updated on January 24, 2024

Zacks Trade deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Zacks Trade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Zacks Trade offers.

Zacks Trade deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Deposit fee
$0
$0
$0

Data updated on January 24, 2024

BrokerChooser score
4.3 4.3 /5
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Zacks Trade withdrawal fee

Unlike some online brokers we have reviewed Zacks Trade does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Zacks Trade withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Withdrawal fee with bank transfer
$0
$35
$0

Data updated on January 24, 2024

Zacks Trade inactivity fee

Zacks Trade does apply an inactivity fee and it is $15 per month, but waived for account balances above $25,000. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that Zacks Trade charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

Zacks Trade has high inactivity fee.

Inactivity fee
Yes
Yes
No
Inactivity fee
$15 per month, but waived for account balances above $25,000 $10/month – waived if 10 or more trades placed in prior 90 days OR $5000 avg end of month balance No inactivity fee

Read more about Zacks Trade inactivity fee on their own site.

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Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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