TradeStation vs Zacks Trade compared

TradeStation
Zacks Trade
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Account opening score
    5.0
    /5
  • Deposit and withdrawal score
    2.2
    /5
  • Markets and products score
    3.2
    /5
  • Account opening score
    2.5
    /5
  • Deposit and withdrawal score
    3.5
    /5
  • Markets and products score
    3.8
    /5
Recommended for
  • Equity
    4.1
    /5
  • Equity
    4.4
    /5
You can open an account in United States
You can open an account in United States
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Traders focusing on US markets and buy-and-hold investing

Best crypto broker

Overall Score
4.4

Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.1
Fees score
4.0
Fees summary

Low trading fees, average non-trading fees, free stock and ETF trading for US customers

Fees summary

Low trading and non-trading fees, high fund fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
3.5
Number of base currencies

9

Number of base currencies

20

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
2.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

>3 days

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Trading platform

Web platform score
3.8
Web platform score
3.8
Mobile platform score
4.8
Mobile platform score
3.5
Desktop platform score
2.3
Desktop platform score
3.8

Markets and products

Markets and products score
3.2
Markets and products score
3.8
Stocks
*
*
Stocks
*
*
Fractional shares
Fractional shares
*
*
ETFs
ETFs
*
*
Forex
Forex
Funds
Funds
*
*
Bonds
*
*
Bonds
*
*
Options
Options
*
*
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs

Research, education

Research score
4.3
Research score
4.3
Charting quality

Great

Charting quality

Great

Education score
5.0
Education score
2.5
Demo account
Demo account

Customer service

Customer service score
4.0
Customer service score
4.1
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 ($250,000 cash limit) plus $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1982

Foundation date

1978

Country of regulation

USA

Country of regulation

USA

TradeStation

For detailed information and hands-on experience, read our review of this broker.

Zacks Trade

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

TradeStation's service is on par with Zacks Trade's and a comparison of their fees shows that TradeStation's fees are similar to Zacks Trade's.

Account opening takes much less effort at TradeStation compared to Zacks Trade, deposit and withdrawal processes are more complicated at TradeStation, while customer service quality is similar to Zacks Trade's.

Our experts rated the trading platform of TradeStation as being of the same quality as the platform of Zacks Trade, found that clients have access to slightly less markets and products with TradeStation, while Zacks Trade provides just about the same quality of research and education.

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