Firstrade vs ZacksTrade

Firstrade or ZacksTrade – which is better for UK traders 2025? Compare Firstrade and ZacksTrade in this detailed breakdown of their platforms, features and fees.

Firstrade vs ZacksTrade Comparison Table 2025
Firstrade ZacksTrade
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4
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3.9
Firstrade is ranked #49 among UK brokers. ZacksTrade is ranked #70 among UK brokers.
Review
Review
Firstrade, based in the US, operates as a discount broker-dealer and is authorised by the SEC. The firm is a member of both FINRA and SIPC. Firstrade Securities stands out as a leading online brokerage, offering enticing welcome bonuses, robust tools and apps, and commission-free trading. Opening a new account is straightforward and efficient. Zacks Trade, a US broker under FINRA regulation, provides trading services for stocks, ETFs, cryptocurrencies, bonds, and more via a bespoke terminal. Targeting active traders, it offers competitive fees across most assets. Additionally, clients benefit from an app and extensive market data access.
Pros
  • Improved trading conditions now include overnight trading and the option to purchase fractional shares.
  • Among the initial brokers to integrate AI-driven analysis via FirstradeGPT.
  • Ideal broker for cost-aware traders, offering competitive low fees on OTC trades.
  • A reputable US-regulated broker and SIPC member
  • Demo account
  • 20+ account denominations
  • Thorough analysis and information
  • Bespoke trading platform and mobile application
  • Authorised by FINRA, with access to the Securities Investor Protection Corporation.
Cons
  • Firstrade prioritises stocks over forex, restricting opportunities for portfolio diversification.
  • Over 90% of the options assessed lack a demo trading account.
  • Customer support requires improvement after testing revealed the absence of 24/7 assistance.
  • Deposits and withdrawals via Visa credit or debit cards are not available.
  • No MT4 or MT5 platform integration
  • Minimum requirement set at £2,500.
  • No forex, commodities or futures trading
  • Withdrawal fees are incurred for multiple fund removals within a month.
  • Platform loading delays and technical issues.
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Stocks, ETFs, Cryptos, Options, Bonds
Demo Account
No Yes
Minimum Deposit
$0 $2500
Payment Methods
Minimum Trade
$1 $3
Regulator
SEC, FINRA FINRA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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4.7
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5
Android App Rating
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4.2
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3.7
Margin Trading
Yes Yes
Margin Rate
4.50% 3.56
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes (algos)
Copy Trading
No No
Social Trading
No No
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $15
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • HUF
Cryptocurrency
Engage in trading across a wide range of top cryptocurrencies with minimal fees and all-day access. Traders can begin speculating on popular tokens such as Bitcoin with as little as £1. Additionally, clients can purchase cryptocurrencies instantly through a few simple steps. Clients can trade a select few cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Real-time quotes are provided, and the fees are competitive. If trading volumes are significant, commissions further decrease.
Spread
Variable 0.18% fee per trade
Coins
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Firstrade ZacksTrade
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