Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Zacks Trade!
Last update of data—Dec 2021
Firstrade is a US discount broker 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 beginners and investors looking for zero-commission trading, focusing on the US market.
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Firstrade
Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.
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.
Firstrade's service is on par with Zacks Trade's and a comparison of their fees shows that Firstrade's fees are similar to Zacks Trade's.
Account opening takes less effort at Firstrade compared to Zacks Trade, deposit and withdrawal processes are more complicated at Firstrade, while customer service quality is considerably lower than Zacks Trade's.
Our experts rated the trading platform of Firstrade as being of the same quality as the platform of Zacks Trade, found that clients have access to slightly less markets and products with Firstrade, while Zacks Trade provides somewhat lower-quality research and education.
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