Comparison Interactive Brokers vs Zacks Trade

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Interactive Brokers vs Zacks Trade. Is Interactive Brokers or Zacks Trade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Interactive Brokers has a commission fee of $0.005, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. When analyzing trading options, the commission fees of Interactive Brokers is $0 + $0.70 per contract, and that one of Zacks Trade is $1 for First Contract + $0.75 per additional. Now, let’s compare commission fees in Forex, the commission fee of Interactive Brokers is 0.20 basis points, and the commission fee of Zacks Trade is -. For a more complete picture, let’s consider trading in the metal market, where Interactive Brokers and Zacks Trade have commission fees of 0.15 basis points and -, respectively. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Interactive Brokers and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. As for platforms, Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Zacks Trade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from Interactive Brokers can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The time for withdrawal in Interactive Brokers is 3-5 days, and that one in Zacks Trade is 4-7 working days.

As a result, the rating of Interactive Brokers is 4.1 stars versus that of Zacks Trade of 4 stars.