Overview of Zacks Trade fees and charges
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
| 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 | - | 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 |
Zacks Trade fees
Zacks Trade fees explained
We compare Zacks Trade fees with its closest competitors, TradeStation and Firstrade.
Zacks Trade fees
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.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US stock | $1.0 | $0.0 | $0.0 |
| UK stock | $13.6 | - | - |
| German stock | $11.9 | - | - |
Fund fees
Zacks Trade fund fees are high.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Mutual fund | $27.5 | $15.0 | $0.0 |
| EU mutual fund | - | - | - |
Bond fees
Zacks Trade has low bond fees.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US Treasury bond | $5.5 | $20.0 | $0.0 |
| EU government bond | $30.3 | - | - |
Options fees
Zacks Trade's options fees are low.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| US stock index options | $7.8 | $6.0 | $0.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
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 | TradeStation | Firstrade | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
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 fees
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.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | Yes | No |
| Account fee | No | No | No |
Zacks Trade fees
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 | TradeStation | Firstrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Zacks Trade fees
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 | TradeStation | Firstrade | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Zacks Trade fees
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.
| Zacks Trade | TradeStation | Firstrade | |
|---|---|---|---|
| Inactivity fee | Yes | Yes | No |
| Inactivity fee | $15 per month, but waived for account balances above $25,000 | $50 per year if your balance is less than $2,000 or if you make less than 5 trades per year | No inactivity fee |
Read more about Zacks Trade inactivity fee on their own site.
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