Compare Robinhood vs Zacks Trade


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

Robinhood vs Zacks Trade
overall rating
4.6
4.6
overall pros
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service.
overall cons
  • Limited product range
  • Weak customer support
  • Few educational materials
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
4.9
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
  • High margin rate
4.3
  • Low stock and ETF fees
  • No inactivity fee
  • Low margin rates
  • High fund fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
2.8
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
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
2.4
  • Stock
  • ETF
  • Options
  • Crypto
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.6
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
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
  • Financial information is publicly available
  • 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 buy-and-hold investors focusing on the US stock market Traders and investors looking for comprehensive research tools, wide product selection, and low fees
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