Here's how to deposit money to Zacks Trade
Reading time: 3 minutes
It's great that you are looking for deposit options at Zacks Trade to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.
There are several ways to start your journey, let's walk through the options together!
To give you a brief summary: Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
THE ESSENCE:
- The minimum deposit at Zacks Trade is $0
- Zacks Trade charges $0 for deposits
- You can only deposit funds from accounts that are in your name
- Visit Zacks Trade's page to start the process
- Zacks Trade is a reliable broker regulated by at least one top-tier regulator
First, let's see if Zacks Trade is available in your country?
Zacks Trade minimum deposit
Is Zacks Trade safe?
To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.
Zacks Trade can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.
For you, this means that your money is in good hands and you will be able to access your funds.
Zacks Trade minimum deposit
What is the minimum deposit at Zacks Trade?
At Zacks Trade, the minimum deposit is $0. This means that you can deposit as little money as you wish.
After you have completed the registration and verification process, you need to fund your account to start trading.
Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment.
Here's a tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.
Pay attention to the inactivity fee though. At Zacks Trade, there is an inactivity fee, with the following conditions: $15 per month, but waived for account balances above $25,000.
Zacks Trade minimum deposit
What base currencies are available at Zacks Trade?
At Zacks Trade, the following base currencies are available: AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, USD. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
Zacks Trade minimum deposit
What deposit methods are available at Zacks Trade?
At Zacks Trade, the only available option to deposit money to your account is via Bank transfer.
Remember, that you can only deposit funds from accounts that are in your name.
| Deposit options | Zacks Trade |
|---|---|
| Bank transfer | Yes |
| Credit/Debit card | No |
| Electronic wallet | No |
Zacks Trade minimum deposit
Is there any deposit fee at Zacks Trade?
The answer is no. No deposit fees will be applied at Zacks Trade.
This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.
Zacks Trade minimum deposit
How to deposit money to Zacks Trade account?
Here's a step-by-step guide:
- Log in to Zacks Trade's client area
- Look for 'Deposit' or 'Funding menu'
- Choose your funding method
- Provide the necessary details for the transaction
- Check if the payment details are correct
- If you are OK with it, you are ready to proceed
If you get stuck during the process, you can always reach out to Zacks Trade's customer support. At Zacks Trade, customer support can be reached via live chat, phone and email.
Zacks Trade minimum deposit
Wrap-up
It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.
If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.
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