Broker that is designed to support people who spend lots of money on trading and trade frequently. Editor’s Note – You can trust the integrity of our balanced, independent financial advice. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

I jumped into their highest rated stock before earnings and within one month it’s down 50%. I just got off the phone with zacks a customer service man named Niko Yokosawa. What you need to know about investing in the leading indicator for the overall US stock market. Zacks Trade was established in 2014 by the same founder as North America’s second-largest equity research firm, Zacks LimeFx Research . While ZIR is a separate company, Zacks Trade users get access to its market insights and research tools.

Keep in mind, however, that all the advanced features are optional. If you don’t use them, you can easily use it just to place orders, even if you are an everyday investor. The search function works well, just like on the web trading platform. The mobile trading app is handier compared with the web platform. Even so, its overall look and user-friendliness lag behind the mobile platforms of some competitors. The Zacks Trade mobile trading platform, called Handy Trader, has a lot of functions and a useful chatbot, but its user interface could be better.

• The Handy Trader app has the same order types as theClient Portal, Zacks Trade’s web trading platform.
• Andrea is a former NerdWallet authority on retirement and investing.
• Overall, I didn’t spend too much time on this system since it has everything ZacksTrader has and more (and frankly I don’t need this powerful of a system).
• However, we missed general educational materials on trading and investing topics.
• If you fall into this category, you’re going to love the platform.

This includes major stock markets like the NASDAQ, the New York Stock Exchange and the London Stock Exchange , as well as smaller ones such as the Mexican Stock Exchange. Other than regular stocks, penny stocksare also available. Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker; along with US funds and options. We also compared Zacks Trade’s fees with those of two similar brokers we selected, TradeStation and Firstrade.

Desktop trading platform

Lastly, we note that Zacks doesn’t offer futures, CFDs or cryptos. BrokerChooser gave Zacks Trade a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account. Active investors will find plenty to celebrate on Zacks Trade, with penny stocks, options trading and access to international stock exchanges in 91 global exchanges. And for those seeking a little extra guidance, Zacks Trade offers broker-assisted trades for free — a service that comes with a surcharge on many competing platforms. Zacks Trade offers a full service trading platform in a marketplace increasingly crowded by similar products.

For example, if you have a large number of positions, the portal may have problems displaying them in sorted order (e.g. from A to Z) while you are scrolling. The Client Portal platform is particularly user-friendly and intuitive. It is easy to find every feature even if you just started trading.

How we rated Zacks Trade’s features

Within its product range, Zacks Trade has an outstanding selection of stocks, ETFs and options, while its mutual fund and bond offering is average. However, deposit options are limited for most customers, as neither credit/debit cards nor electronic wallets can be used. Stocks on foreign exchanges have their own commissions, and these rates vary by country. Equities on the Toronto Stock Exchange are CAD$0.02 per share with a CAD$4.50 minimum. Equities on the London Stock Exchange are 0.3% of trade value with a £12 minimum. Ross Cameron’s experience with trading is not typical, nor is the experience of traders featured in testimonials.

We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. Adjust your portfolio based on your limefx forex brokers reviews risk tolerance and LimeFx goals. You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article.

This service increases standard leverage figures but requires $110,000 in Net Liquidation Value. The Fed also decided to exempt some banks with $100-$250 billion in assets from maintaining a ratio showing they had enough high-quality liquid assets to survive a crisis. A lack of liquidity turned out to be a fatal problem for Silicon Valley Bank, as deposits left the bank while the value of its assets declined as interest rates rose. There are some good security screeners on Zacks Trader, though. They are able to scan many exchanges throughout the world based on lots of criteria. Although research tools are actually better on the client portal, charting is horrendous.

Zacks Trade is a division of LBMZ Securities, which was established in 1978. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. On the other hand, Zacks Trade does not provide negative balance protection. If the balance on your account goes into negative, you will not be protected. The answers we received were useful and relevant, and we were also provided links to more detailed information.

Desktop Platform

Zacks offers three trading platforms, all of which are free and available to all customers. Zacks Trade offers investors access to Interactive Brokers’ trading platform and mobile app, at a slightly higher price point. Zacks Trade helps investors trade over the phone by connecting them to a human broker at no additional cost. Many brokers do not allow customers access to human support, and very few offer such service without a fee. This means that it offers access to most major asset classes, with an online trading environment that allows you to research and invest in these products on an individual basis. For a comparison, a robo-advisor might offer you a wide spectrum of assets but not have the option to make individual trades.

Zacks Trade and Interactive Brokers are two different brokerages. However, Interactive Brokers functions as Zacks Trade’s clearing firm. We collect limefx data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.

Premium subscription to Zacks Trade

When you open a new, eligible Fidelity account with $50 or more. Andrea is a former NerdWallet authority on retirement and investing. Her stories have appeared in The Wall Street Journal, the SanFrancisco Chronicle, MarketWatch and elsewhere. She has been interviewed onTV and radio, including NPR’s “All Things Considered,” and quoted by national publications such as Fortune, Time and CNBC. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.

As such, the platform is more suited for advanced traders rather than beginners. The Handy Trader app has the same order types as theClient Portal, Zacks Trade’s web trading platform. As an individual trader or investor, you https://limefx.vip/ can choose from many account types. A few of them, like an IRA account, are available only for US clients. Zacks Trade offers fully digital account opening for clients all over the world, and there is no minimum deposit.

Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers. Interactive Brokers uses a similar pricing structure as Zacks Trade, but you can get down to $0.25 per options contract with its pro version. Overall, it has similar trading and research offerings but is slightly more cost-effective than Zacks Trade. That said, Zacks Trade isn’t always the best choice because of its learning curve and fees.

Perhaps best of all, there is a demo login that provides free practice for guests and account holders with zero risk. “We need to have humility, and conduct a careful and thorough review of how we supervised and regulated this firm, and what we should learn from this experience,” said Vice Chair Barr. So if you need to watch multiple assets simultaneously during a market day, this is a great feature. A chart’s interval can be set anywhere from 5 seconds to monthly. At Zacks Trade, the special memorandum account must be positive at least 10 minutes before the market closes.

This confirmed our overall impression that Zacks Trade is geared more towards experienced traders. Zacks Trade customer service is generally prompt and helpful. However, we missed 24-hour support, which would be a great help for international customers. Zacks Trade provides a broad selection of fundamental data on all of its platforms. These include income statements for the past six years, a dividend calendar and a list of peer group companies, among others. Zacks Trade covers the same asset classes as most of its US competitors.