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

Zacks Trade Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0.01 per share commission for stocks above $1 share price, while 1% of trade value for stocks below $1 share price. There is also $1 minimum fee.
EURUSD fee - Not available
US tech fund fee High $27.50 per transaction
Inactivity fee Low No inactivity fee

Zacks Trade fees
Zacks Trade fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

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

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.

Stock fees of a $2,000 trade
Zacks Trade TradeStation Fidelity
US stock $1.0 $1.0 $0.0
UK stock $15.6 - $11.7
German stock $14.4 - $22.8

Fund fees

Zacks Trade fund fees are high.

A $2,000 fund buy fees
Zacks Trade TradeStation Fidelity
Mutual fund $27.5 $15.0 $37.5
EU mutual fund - - -

Bond fees

Zacks Trade has low bond fees.

Bond fees of a $10,000 trade
Zacks Trade TradeStation Fidelity
US Treasury bond $5.5 $20.0 $0.0
EU government bond $25.0 - -

Options fees

Zacks Trade's options fees are low.

Stock index options fees of 10 contracts
Zacks Trade TradeStation Fidelity
US stock index options $6.9 $10.0 $6.5
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 yearly financing rates
Zacks Trade TradeStation Fidelity
Apple CFD financing rate - - -
Vodafone CFD financing rate - - -
EURUSD financing rate - - -
EURGBP financing rate - - -

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.

A high level overview of how Zacks Trade stacks up in non-trading fees
Zacks Trade TradeStation Fidelity
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No 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 deposit methods
Zacks Trade TradeStation Fidelity
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Deposit fee $0 $0 $0

Zacks Trade fees
Zacks Trade withdrawal fee

Unlike the majority of the 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
Zacks Trade TradeStation Fidelity
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Withdrawal fee with bank transfer $0 $0 $0

Zacks Trade fees
Zacks Trade inactivity fee

Zacks Trade does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Nicole Conrad

Author of this article

Nicole is an intern content contributor for Brokerchooser. She comes to Brokerchooser with experience and certification in Accounting, and she currently is pursuing graduate studies in Economic Policy. Nicole writes broker reviews to provide transparency for customers: highlighting brokers’ exceptional services and holding them accountable for questionable practices.

Nicole Conrad

Broker Analyst

Nicole is an intern content contributor for Brokerchooser. She comes to Brokerchooser with experience and certification in Accounting, and she currently is pursuing graduate studies in Economic Policy. Nicole writes broker reviews to provide transparency for customers: highlighting brokers’ exceptional services and holding them accountable for questionable practices.

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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