Comparison TradeStation vs Zacks Trade

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

First of all, we’ll compare the commission fees of the two brokers. The commission fee of TradeStation on regular transactions of the stock exchange is $0.00, 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 TradeStation is $0.60 per contract, and that one of Zacks Trade is $1 for First Contract + $0.75 per additional. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are TradeStation provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, and Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, TradeStation uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Zacks Trade uses 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. TradeStation was established in 1982 in United States, and it is regulated by SEC, FINRA. And Zacks Trade was established in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from TradeStation can be done using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The withdrawal time for TradeStation is 3-5 business days, and that one for Zacks Trade is 4-7 working days.

As a result, the rating of TradeStation is 3.8 stars versus that of Zacks Trade of 4 stars.