Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against Zacks Trade!
Last update of data—Jul 2022
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
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 looking for broad market access and a professional trading environment.
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
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.
Interactive Brokers's service is slightly better than Zacks Trade's and a comparison of their fees shows that Interactive Brokers's fees are similar to Zacks Trade's.
Account opening takes somewhat less effort at Interactive Brokers compared to Zacks Trade, deposit and withdrawal processes are somewhat more complicated at Interactive Brokers, while customer service quality is somewhat lower than Zacks Trade's.
Our experts rated the trading platform of Interactive Brokers as being of the same quality as the platform of Zacks Trade, found that clients have access to more markets and products with Interactive Brokers, while Zacks Trade provides just about the same quality of 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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