Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Zacks Trade!
Last update of data—Dec 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
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).
Recommended for traders interested in algorithmic stock trading.
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
Zacks Trade
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).
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Alpaca Trading's service is on par with Zacks Trade's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than Zacks Trade's.
Account opening takes less effort at Alpaca Trading compared to Zacks Trade, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is similar to Zacks Trade's.
Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of Zacks Trade, found that clients have access to slightly less markets and products with Alpaca Trading, while Zacks Trade provides somewhat lower-quality research and education.
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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