Compare Firstrade vs Zacks Trade


Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Zacks Trade!

Firstrade vs Zacks Trade
overall rating
4.4
4.6
overall pros
  • Free stock, ETF, fund and options trading
  • Solid research tools
  • Quality educational tools
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat or 24/7 availability
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
4.7
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
4.3
  • Low stock and ETF fees
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
2.0
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High outgoing wire transfer fee
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
  • Alerts only through chatbot
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
0.3
  • Email support
  • No live chat
  • No 24/7 support
  • Slow support
  • Irrelevant answers
  • Phone support didn't connect anyone
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
2.5
  • Demo account
  • Trading platform tutorial
  • No general education videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Traders and investors looking for comprehensive research tools, wide product selection, and low fees
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