Robinhood vs ZacksTrade

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to ZacksTrade? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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 Robinhood with ZacksTrade, side-by-side.

	Robinhood	ZacksTrade

	Visit Site	Learn More
	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	Get Up to $150 Transfer Fee Credit - Learn More
	Benefits and Features
Stock Trading	$0	Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum
Options Trading	$0	$1 for First Contract + $0.75 per additional
Annual Fee	None
Cryptocurrency Trading	$0
Minimum Deposit	$0	$2,500
Mutual Fund Trading	No	$27.50 (Greater than $1 per share)
Commission Free ETFs	All U.S. listed ETFs
Phone Support	650-761-7789 (available 24/7)
Live Chat Support	Available 24/7 (requires sign in)
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$102 Billion
Penny Stocks	Yes	Less than $1 per share: 1% of the principle, $1 minimum.
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	No extra charge
Good For	Beginners; Active traders
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
Online Platform	Yes
iPhone App	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.1 stars, 483k ratings)
Banking	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank	No
Mobile App	iOS & Android	Yes, iOS & Android
Desktop App	None	ZacksTrader & ZacksTradePro
Two-Factor Authentication	Device approvals, Authenticator app, SMS
Forex Trading	No	No
Futures Trading	No	No
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com	9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
Locations	No	No physical locations
Online Community	No
Seminars	Yes
Trading Platform	Web Trading, Mobile Apps
Virtual Trading	No	Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review
	Visit Site	Learn More
	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 08/13/2024. ZacksTrade: Pricing information from published website as of 07/10/2020

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Acorns.

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