Online brokers compared for fees, trading platforms, safety and more. See how Swissquote stacks up against Zacks Trade!
Last update of data—Dec 2022
Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
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 affluent investors who value safety and are OK with higher fees.
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.
Swissquote
Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Recommended for affluent investors who value safety and are OK with higher fees.
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.
Swissquote's service is on par with Zacks Trade's and a comparison of their fees shows that Swissquote's fees are higher than Zacks Trade's.
Account opening takes less effort at Swissquote compared to Zacks Trade, deposit and withdrawal processes are somewhat easier at Swissquote, while customer service quality is somewhat better than Zacks Trade's.
Our experts rated the trading platform of Swissquote as somewhat better than the platform of Zacks Trade, found that clients have access to more markets and products with Swissquote, while Zacks Trade provides somewhat better research and education.
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