ZacksTrade Review 2022

ZacksTrade: Built for the active trader. Stock & ETF trades from $3, 75¢ options contracts and 3.56% margin rate (lower on occasion)

ZacksTrade is broker that provides access to Stocks and Options. Surprisingly, ZacksTrade does not support either of the enormously popular MetaTrader platforms (4 and 5).

ZacksTrade is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

ZacksTrade Summary

ZacksTrade: Built for the active trader. Stock & ETF trades from $3, 75¢ options contracts and 3.56% margin rate (lower on occasion)

Ratings

30%
Trust
33%
Instruments
0%
Features
BonusNone
InstrumentsStocks, Options
Demo Account
Min. Deposit$2500
Min. TradeFrom $3
Regulated BySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS and Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Payment Methods

ZacksTrade accepts the following payment methods:

  • Wire Transfer
  • ACH Transfer
  • Cheque
Risk Warning – Your capital is at risk

FAQ

Is ZacksTrade Safe?

In our review we gave ZacksTrade a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that ZacksTrade is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does ZacksTrade Accept PayPal?

No, ZacksTrade does not accept PayPal payments.

Is ZacksTrade Halal?

Probably not, as ZacksTrade does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is ZacksTrade Regulated in the UK?

No, ZacksTrade is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options

Is ZacksTrade Regulated?

Yes, ZacksTrade is regulated by SEC.

The fact that ZacksTrade is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

ZacksTrade vs Other Brokers

If you want to compare ZacksTrade with other brokers, use the detailed comparisons below.

ZacksTrade vs
ZacksTrade: Built for the active trader. Stock & ETF trades from $3, 75¢ options contracts and 3.56% margin rate (lower on occasion)