Empower vs ZacksTrade
Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to ZacksTrade? Read our comparison chart below.
Empower offers free advanced financial tools and paid wealth management services.
While ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.
Compare Empower with ZacksTrade, side-by-side.
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Empower | ZacksTrade | |
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Join Empower For Free - | ||
Benefits and Features | ||
Stock Trading | Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum | |
Options Trading | $1 for First Contract + $0.75 per additional | |
Annual Fee | Investment Account: $0; Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million | |
Minimum Deposit | ||
Mutual Fund Trading | $27.50 (Greater than $1 per share) | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Minimum Investment | Investment Account: $0; Wealth Management: $100,000 | |
Penny Stocks | Less than $1 per share: 1% of the principle, $1 minimum. | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | ||
Mobile App | ||
Desktop App | ||
Forex Trading | ||
Futures Trading | ||
Customer Service | 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free) | |
Locations | ||
Virtual Trading | Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. | |
Investment Tracking | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Human Advisors | ||
Robo Advisor | ||
Price | ||
Goal Tracker | ||
Budgeting | ||
Customer Service | ||
Ease of Use | ||
Investment Tracking | ||
Retirement Planning | ||
Pros & Cons | Pros:
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Bottom Line | Free advanced tools plus hybrid advisory service for people with over $100k in investments... | |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Empower: Pricing information from published website as of 04/30/2020 ZacksTrade: Pricing information from published website as of 07/10/2020 Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. |
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Quicken.