Online brokers compared for fees, trading platforms, safety and more. See how Robinhood stacks up against Zacks Trade!
Last update of data—Feb 2022
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
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 buy-and-hold investors focusing on the US stock market.
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock 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.
Robinhood's service is on par with Zacks Trade's and a comparison of their fees shows that Robinhood's fees are slightly lower than Zacks Trade's.
Account opening takes much less effort at Robinhood compared to Zacks Trade, deposit and withdrawal processes are more complicated at Robinhood, while customer service quality is considerably lower than Zacks Trade's.
Our experts rated the trading platform of Robinhood as better than the platform of Zacks Trade, found that clients have access to slightly less markets and products with Robinhood, while Zacks Trade provides somewhat better 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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