Compare XM vs Zacks Trade


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

XM vs Zacks Trade
overall rating
4.5
4.4
overall pros
  • Low stock CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • Limited product portfolio
  • Average forex and stock index CFD fees
  • No investor protection for non-EU clients
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
3.8
  • No withdrawal fee
  • Low stock CFD fees
  • Inactivity fee
  • Average FX fees
4.2
  • Low stock and ETF fees / Free stock trading
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be better
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
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.4
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
2.5
  • Demo account
  • Trading platform tutorial
  • No educational videos
  • No webinars
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening Traders and investors looking for comprehensive research tools, a wide product selection and low fees
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