Zacks Trade Guide – Read our In-Depth Zacks Trade Review
Zacks Trade Rating: 3.81 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Zacks Trade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Zacks Trade review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal broker who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. Zacks Trade is just one such stage that will take you along with your investment into great heights. It is important to know about Zacks Trade until you trust them with your money.
Zacks Trade Review – Quick Overview
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10,000+ Zacks Trade users and traders
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Your capital is at risk
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Your capital is at risk
Our full Zacks Trade Review covers everything you need to know about trading with Zacks Trade. A good broker can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Zacks Trade is a broker which has found its way successfully to the brokerage world. Within this review, we've tried to collate some of the vital facets of Zacks Trade. This review can allow you to understand whether Zacks Trade is a good match for your investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Zacks Trade Review, Table Of Contents
- Who are Zacks Trade?
- Benefits Of Trading With Zacks Trade
- Everything you should know about trading with Zacks Trade
- Is Zacks Trade Safe To Trade With?
- Zacks Trade Risk Disclaimer
- Pro's & Con's Of Trading With Zacks Trade
- Compare Brokers Similar To Zacks Trade
- Regulation And Licencing In More Detail
- Zacks Trade Awards
- Minimum Deposit Required For A Live Account With Zacks Trade
- Zacks Trade Commission And Fees Explained
- Compare broker fees against Zacks Trade
- Zacks Trade Withdrawal Fees Explained
- Zacks Trade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Zacks Trade?
- Alternatives To Zacks Trade
- Frequently Asked Questions About Zacks Trade
Who are Zacks Trade?
Zacks Trade is a foreign exchange broker headquartered in United States and provides a range of tools for trading. Since its beginning in 2008, Zacks Trade has emerged as a top-tier player in the industry of online broker. Zacks Trade has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 13 years, Zacks Trade has grown into one of the leading online brokers.
After launching in 2008, their client base is becoming as large as 10,000+ clients.
Zacks Trade is the favourite for many traders.. Our Zacks Trade review found that they are an excellent choice for automated trading solutions. They're most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at Zacks Trade.
Technology plays a significant role at Zacks Trade. Zacks Trade offers trading on Android,iPhone/iPad,Tablet. Zacks Trade is fair, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The trader resource section at Zacks Trade is very insightful for new dealers since it permits them to have a closer look at the financial markets. Zacks Trade caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
Zacks Trade Videos
If you feel that Zacks Trade is not right for you then at the bottom of this Zacks Trade review you wil find a lot of alternatives to Zacks Trade.
Everything you ought to know about trading using Zacks Trade
Zacks Trade is a lively platform that provides various procedures of trading online. These instruments cover the monetary markets substantially. Most of the brokerage platforms provide less procedures than Zacks Trade
If you wish to trade with Zacks Trade, you will require a minimum deposit of $2500. This deposit is mandatory if you wish to begin trading with Zacks Trade. This 2021 Zacks Trade review will guide you clearly about trading with them.
Zacks Trade is as flexible as another brokerage platform. Zacks Trade is great for traders who want a manageable variety of cheap services. The programs offered by Zacks Trade are third party, white-label offerings. All traders may pick from Android,iPhone/iPad,Tablet.
Together with everything, Zacks Trade has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction has to be kept open. The agents offer premium client service that rewards clients with advantages.
Many unethical brokers attempt to pressurise users into larger financing for superior services. Zacks Trade, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater benefits will come along.
Zacks Trade accounts are available globally and provides excellent service everywhere they have customers. There are only a select few countries where Zacks Trade accounts are not available. Traders in the following countries cannot open or use a Zacks Trade account:
BR, KR, IR, IQ, SY, JP, US
Is Zacks Trade Safe To Trade With?
Established in 2008, Zacks Trade has been operating for 13 years, they have a head office in United States.
Zacks Trade is regulated by Unregulated. These bodies have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This usually means that Zacks Trade users do not need to worry about their money as it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of an option for Two Factor Authentications (2FA) with Zacks Trade for heightened security. An SMS for the verification code will be sent to your mobile phone. You'll be required to enter this code to log in to your account.
Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage.
Zacks Trade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Zacks Trade
Every online trading platform has some pros and cons Zacks Trade review would be complete without showing both sides. This Zacks Trade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Zacks Trade Pro's
- Zacks Trade is trusted by 10,000+ clients
- Zacks Trade doesn't charge withdrawal fees
- Zacks Trade doesn't charge inactivity fees
- Zacks Trade offer trading on Android,iPhone/iPad,Tablet
- Zacks Trade offer 264 trading instruments
- Zacks Trade trades major forex pairs
- Zacks Trade can communicate in English, and Chinese
Zacks Trade Con's
- Zacks Trade does not offer Negative Balance Protection
- Zacks Trade does not offer Guaranteed Stop Loss
- Zacks Trade has high minimum deposit requirements
- Zacks Trade charge deposit fees
- Zacks Trade doesn't trade minor forex pairs
- Zacks Trade doesn't trade exotic forex pairs
- Zacks Trade doesn't offer trading on cryptocurrencies
- Zacks Trade charge CFD fees
- Zacks Trade doesn't offer social trading
- Zacks Trade doesn't offer copy trading
- Zacks Trade doesn't offer trailing stop
Zacks Trade Review - Compare Brokers Similar To Zacks Trade
|Zacks Trade||amarkets||Darwinex||rfxt lebanon|
|Rating||3.81 / 10||4.05 / 10||4.43 / 10||3.3 / 10|
|Headquarters||United States||United Kingdom||UK||Australia|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F223||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F301|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
Zacks Trade Review - Regulation And Licencing In More Detail
Zacks Trade is regulated by Unregulated.
Zacks Trade, as a business, has a strong collection of rules for ensuring fair trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
Zacks Trade Review - AwardsAt the time of writing this Zacks Trade review, and despite Zacks Trade’s impressive offering, the company has surprisingly not garnered any other awards to date.
Zacks Trade Trading Platforms
Zacks Trade are a reputable brokerage that has been trading for over 13 years. They offer a large range of options in their client accounts.
Below we take the main parts of any great online broker and compare Zacks Trade with amarkets, Darwinex, and rfxt lebanon
Zacks Trade Review - Minimum Deposit Required
The minimum deposit you need to begin on Zacks Trade is $2500. This is an adequate amount for those just starting out. It's possible to make more advanced deposits as you cooperate. But, ensure you understand how to make the most of your cash before investing in larger amounts.
Zacks Trade Review - Commission And Fees Explained
Zacks Trade is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the amount of customers they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of fees for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They are billed for things like depositing money, not trading for long periods, or withdrawals.
Generally, Zacks Trade doesn't charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, such as weekly or daily trading.
But, non-trading fees billed by Zacks Trade are relatively greater. As a result, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This Zacks Trade review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Zacks Trade
Zacks Trade Review - Withdrawal Fees ExplainedZacks Trade doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from the Zacks Trade account. You can withdraw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always need to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent to the card. Zacks Trade will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're choosing to withdraw in.
Zacks Trade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your head when open an account with Zacks Trade. An inactivity fee is an amount charged to registered dealers that haven't engaged in buying or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling trade, it's claimed by the agent as an inactivity charge. The traders need to pay this fee under conditions and terms that they had consented while enrolling.
Zacks Trade doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges have been implied by Zacks Trade, it's better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the agent beforehand.
Zacks Trade Review - Deposit Fees Explained
When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of money for this particular operation.
Zacks Trade charges a deposit fee for transferring money into your trading account.
Depositing money on the Zacks Trade trading platform is easy. You simply have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity proof and evidence of residency to deposit large sums.
Zacks Trade Review - Compare Broker Deposit Methods
What Can You Trade With Zacks Trade?
Note: Zacks Trade provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different based on the country of residence of the client.
Zacks Trade has a wide variety of over 264 instruments available for you to trade with.
If trading currency pairs is of interest to you then Zacks Trade offer over forex pairs.
Compare Zacks Trade, amarkets, Darwinex & rfxt lebanon below.
Reviewing The Zacks Trade Mobile App
Note: Zacks Trade's mobile app has a lot of functionality and is being constantly developed. The below information was accurate at the time of writing this Zacks Trade review.
Understand the capabilities of the mobile apps of Zacks Trade, amarkets, Darwinex & rfxt lebanon below.
Alternatives To Zacks Trade
If, after reading this Zacks Trade review, they don't quite fulfill your requirements check out these Zacks Trade alternatives.
We've scoured the web to find the best alternatives to Zacks Trade. Click the links below to find out more.
Frequently Asked Questions about Zacks Trade
Can I try Zacks Trade before I buy?
Yes, you can most certainly try Zacks Trade before you buy. Zacks Trade offers demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demo account on Zacks Trade, you will set out with a decent amount of virtual currency. It's to establish a sense of safety and confidence in you until you decide to spend your own money.
With this digital Zacks Tradedemo account, you are able to experiment at all, to whatever length you desire. You might also start positions, test different trading approaches, and much more.
Zacks Trade specifies on its official site that you can trade real time stocks in a demo account.
Is Zacks Trade safe?
You can drop all your worries since we believe that Zacks Trade is perfectly safe to use. It is in compliance with all the principles of Unregulated.
Nevertheless, Zacks Trade doesn't provide assured stop-loss protection.
Why does Zacks Trade ask for my passport?
The reason that Zacks Trade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Zacks Trade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Zacks Trade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Zacks Trade?
The process to start trading withZacks Trade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Zacks Trade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Zacks Trade is $2500. You should have a good understanding of the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Zacks Trade.
The best way to kickstart your trading career with Zacks Trade is to open a demo account facility before risking any real money
What funding methods do Zacks Trade accept?
There are a number of methods to fund your account with Zacks Trade. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all place. The currencies Zacks Trade
Is my money safe with Zacks Trade?
Yes, your money is safe and secure with Zacks Trade. As you know, Zacks Trade works with proper conformation to. It's established lots of measures to protect all its own investors.
Zacks Trade safeguards its clients' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to access your account.
Is Zacks Trade trading good?
Yes, trading via Zacks Trade is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Zacks Trade support?
Zacks Trade operates around the globe. However, due to regulations there are some countries that Zacks Trade do accept clients from BR, KR, IR, IQ, SY, JP, US
Is Zacks Trade legit?
Zacks Trade is a legit company headquarted in United States since 2008. They are regulated by Unregulated. Zacks Trade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Zacks Trade a good broker?
Zacks Trade is an excellent broker, and its own users can vouch for this. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean layout of this platform and the admirable features that a pleasure to work with.
Is Zacks Trade a trustworthy broker?
Yes, Zacks Trade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Zacks Trade?
The minimum deposit to open a live account with Zacks Trade is $2500
How long do Zacks Trade withdrawals take?
Normally, withdrawal of money from Zacks Trade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Zacks Trade to show in your bank account.
Are Zacks Trade regulated?
Zacks Trade are regulated by Unregulated
Is Zacks Trade a market leading broker?
Zacks Trade is currently among the business leaders. It has over 10,000+ registered users and over 13 years of expertise on its record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of tools plus resources so that you can invest in capital markets.
Is Zacks Trade a con?
No, Zacks Trade is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Zacks Trade is not a scam.
Can you make money with Zacks Trade?
Using Zacks Trade, several traders make a great deal of cash. However, on average, through consistent trading, you can make between 2% - 10% profit a month.
This can look to be a little number, but within the entire year, this adds to a substantial number of gains. Even though Zacks Trade provide you all the tools to make money, they can't guarantee that you will profit.
Does Zacks Trade have fees?
Yes. To start trading using Zacks Trade, you need to deposit $2500. Certain commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was Zacks Trade founded?
Zacks Trade was founded in 2008 in United States. Zacks Trade is regulated by Unregulated.
How many people use Zacks Trade?
Zacks Trade is a worldwide recognised broker with 10,000+ clients.
Where is the Zacks Trade head office?
Zacks Trade has its head office in United States
Does Zacks Trade offer negative balance protection?
No. Zacks Trade does not offer negative balance protection. If your balance is negative, Zacks Trade suggests you contact client services. With this, you are able to correct any imbalances within your own account.
Does Zacks Trade offer guaranteed stop loss?Zacks Trade unfortunately, doesn't provide guaranteed stop loss. Zacks Trade provides a chance for its dealers to close their trade in their given price. Aside from that, Zacks Trade does not provide guaranteed stop loss.
Does Zacks Trade allow scalping?Yes, Zacks Trade do permit scalping. Several traders across the world select Zacks Trade due to their services that are trading. They offer trading on Android,iPhone/iPad,Tablet which allow this.
Does Zacks Trade allow hedging?
Yes, Zacks Trade does allow hedging.
Can you trade energies with Zacks Trade?
No, unfortunately you cannot trade energy stock with Zacks Trade
Can you trade agricultural shares with Zacks Trade?
No, unfortunately you cannot trade agricultural stock with Zacks Trade
Can you trade cryptocurrency with Zacks Trade?
No, unfortunately you cannot trade cryptocurrency with Zacks Trade
Can you trade metals with Zacks Trade?
No, unfortunately you cannot trade metals with Zacks Trade
Can you trade UK Shares with Zacks Trade?
No, unfortunately you cannot trade UK shares with Zacks Trade
Can you trade US Shares with Zacks Trade?
Yes, you can trade US shares with Zacks Trade
Can you trade Japanese Shares with Zacks Trade?
No, unfortunately you cannot trade Japanese shares with Zacks Trade
Can you trade German Shares with Zacks Trade?
No, unfortunately you cannot trade German shares with Zacks Trade
Does Zacks Trade accept bank transfers?
Yes, Zacks Trade accepts bank transfers for depositing money.
Does Zacks Trade accept credit cards?
Yes, Zacks Trade accepts credit cards for depositing money.
Does Zacks Trade accept PayPal?
No, Zacks Trade does not accept PayPal.
Does Zacks Trade accept Skrill?
No, Zacks Trade does not accept Skrill.
Does Zacks Trade accept Payoneer?
Yes, Zacks Trade accepts Payoneer for depositing money.
Does Zacks Trade accept Neteller?
No, Zacks Trade does not accept Neteller.
Does Zacks Trade offer Live Chat customer support?
Yes, Zacks Trade offers customer support through live chat.
Does Zacks Trade offer phone customer support?
Yes, Zacks Trade offers customer support over the telephone.
Does Zacks Trade offer email customer support?
Yes, Zacks Trade offers customer support through email.
What languages can Zacks Trade communicate in?
Zacks Trade has the ability to communicate and support customers who speak: English, and Chinese
Does Zacks Trade have a wikipedia page?
No, Zacks Trade does not have an official wikipedia page.
Does Zacks Trade offer demo accounts?
Yes, Zacks Trade offers demo accounts so you can learn their systems before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of Zacks Trade's features before risking a live account.