Zacks Trade review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Zacks Trade is a US brokerage for experienced traders who want low per-trade costs across stocks, etfs and options and margin borrowing at 8.83%. It is a specialist tool, not a starter account: the minimum deposit is high, the account range is IRA only and an inactivity charge applies to dormant balances.
Key facts
- Best for
- Experienced US traders who want low per-trade costs across options and margin.
- Minimum deposit
- $250↗
- Stock trade fee
- $1↗
- Inactivity fee
- $15↗
- Markets
- Stocks, ETFs, Options, Bonds, Funds↗
- Regulators
- FINRA↗
- Investor protection
- SIPC up to USD 500,000↗
- Margin rate
- 8.83%↗
- Options contract fee
- $1↗
- Platforms
- Zacks Trade Pro, Client Portal, Zacks Trade app↗
- Account types
- IRA↗
- Legal entity
- LBMZ Securities Inc.↗
- Headquarters
- United States↗
- Founded
- 2013↗
- Support channels
- Email, Chat, Phone↗
- Features
- Mobile app, Options
- Pricing model
- Low fees
- Audience
- Experienced traders, Day traders
- Official website
- zackstrade.com
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- A single account holds stocks, etfs and options, covering shares, ETFs, options, bonds and funds without switching providers.
- Support runs on email, chat and phone, so phone, chat and email are all available.
- Regulated by FINRA, with Zacks Trade Pro, Client Portal and Zacks Trade app to choose from, including a mobile app.
Cons
- The $250 minimum deposit is a large hurdle for a first account.
- An account left idle attracts $15 in charges, so dormant cash is not free to hold.
- The account range is ira only, so there is no ISA or SIPP wrapper listed alongside it.
Who it suits
- Experienced traders and day traders, the stated experienced and day traders for the service.
- US investors who run leveraged positions, with margin priced at 8.83%.
- Retirement savers, since the listed account type is an ira account.
Who should look elsewhere
- First-time investors working with a small balance: CFI takes a $0 minimum deposit against $250 here.
- Anyone wanting everyday banking rather than dealing: bunq starts at €10 and is not built around trading.
- Borrowers in Mexico: Fiesta Credito MX works under CONDUSEF in a credit market, not in options and margin dealing.
Where it sits among rivals
On cost the picture is mixed. Zacks Trade ranks 178 of 218 brands on minimum deposit, well back from the field, and 109 of 166 on stock trade fees, in the middle of the pack. The inactivity charge is the stronger side, at 42 of 56.
How Zacks Trade compares
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 8.3
8.7 vs 8.5
8.7 vs 9.4
8.7 vs 9.3
8.7 vs 8.7
8.7 vs 9.2
8.7 vs 8.7
8.7 vs 8.6
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.0
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.8
Where Zacks Trade is available
- Available
- United States
- Licence in United States
- FINRA (7874), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to trade at Zacks Trade?+
Stock trades are priced at $1 and options trades at $1, with the service built on a low fees model. There is a $250 minimum deposit to open, so the entry figure matters here as much as the per-trade charge.
Is my money protected?+
The account is registered with FINRA under licence 7874, and the firm lists SIPC protection for client holdings. That protection responds to the broker failing rather than to market prices moving against you.
How much do I need to open an account?+
The minimum deposit is $250, which is high against the brands compared here. CFI takes a $0 minimum deposit and bunq starts at €10, so a small first balance is easier to place elsewhere.
What can I trade?+
The account covers stocks, etfs and options in one place, and the mobile app and options list includes options trading and a mobile app. There is no forex or crypto line in that list, so traders who need currency pairs have to look elsewhere.
Which platforms can I use?+
Dealing runs through Zacks Trade Pro, Client Portal and Zacks Trade app, so the same account can be worked from the professional terminal, the client portal or the phone app. The mobile app sits in the stated mobile app and options set, which matters for traders who move intraday.
Who is Zacks Trade built for?+
The stated experienced and day traders are experienced traders and day traders, and margin borrowing is priced at 8.83%. Someone building a long term savings habit is not the target reader, since the low fees model is built around cheap per-trade dealing.
Is there an inactivity fee?+
An account that sits idle attracts $15 in charges, which makes this a poor place to park cash you are not using. The median inactivity charge across the brokers here is €0, so a cash pile sits better elsewhere.
What account types are on offer?+
The listed account type is an ira account, so saving inside a tax wrapper is the route offered. There is no ISA or SIPP equivalent in that list, which rules the service out for UK investors who want tax shelter on investments.
Sources
- brokercheck.finra.org/Firm/Summary/7874 checked September 26, 2026
Backs: Investor protection, Regulators, Licences
- zackstrade.com checked September 26, 2026
Backs: Audience, Features, Pricing model
“A platform designed with active traders in mind”
- zackstrade.com/about-us checked September 26, 2026
Backs: Founded
“Zacks Trade is an online trading brokerage founded in 2013”
- zackstrade.com/commissions-fees checked September 26, 2026
Backs: Inactivity fee, Minimum deposit, Options contract fee, Stock trade fee
“Inactivity fee $15/ month for accounts under $25,000 on Stocks & ETFs account”
- zackstrade.com/contact-us checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“101 N Wacker Drive, Floor 15, Chicago, IL 60606”
- zackstrade.com/margin checked September 26, 2026
Backs: Account types, Margin rate, Markets
“limited margin trading privileges in IRAs”
- zackstrade.com/trading-platforms checked September 26, 2026
Backs: Platforms
“Zacks Trade Pro, Client Portal, Zacks Trade app”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Account fee, Retail accounts that lose money.
Zacks Trade
Experienced US traders who want low per-trade costs across options and margin.