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ZacksTrade vs Interactive Brokers


 

ZacksTrade

Interactive Brokers

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Benefits and Features

Stock TradingGreater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimumIBKR Lite: $0 per share (min $0 per order)
IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value)
IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading$1 for First Contract + $0.75 per additional$0.15-$0.65 per contract ($1 minimum per order)
Annual Fee 
None
Cryptocurrency Trading 0.12% to 0.18% of trade value ($1.75 minimum per order)
Minimum Deposit
$2,500
$0
Mutual Fund Trading$27.50 (Greater than $1 per share)$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less
Commission Free ETFs 
150+
Penny StocksLess than $1 per share: 1% of the principle, $1 minimum. 
Broker Assisted Trades
No extra charge
$30
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Banking
No
No
Mobile App
Yes, iOS & Android
Yes
Desktop App
ZacksTrader & ZacksTradePro
Yes
Forex Trading
No
Available for qualified customers
Futures Trading
No
Yes
Customer Service9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations
No physical locations
No
Online Community 
Yes
Seminars 
Yes
Trading Platform Desktop, Web Trading, Mobile Apps
Virtual TradingCan request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
Yes
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Commissions and FeesStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineGood discount broker for experienced, high volume traders... Read full review

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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.

ZacksTrade: Pricing information from published website as of 07/10/2020

Interactive Brokers: Pricing information from published websites as of 10/17/2023.


Articles on Interactive Brokers

Interactive Brokers Reviews

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

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