Zacks Trade is a low priced, full-featured, online stock trading market. Normally, this is for self directed traders and investors that can deposit at least $2,500 to open their account. It’s the same founder as the investment research provider Zacks.com. This way you’re guaranteed to be in good hands.
Read below for more information on Zacks Trade and their recent bonuses.
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Zacks Trade Promotions
Trade Stocks & Options Starting at $1
- Trade US Stocks, Options and ETFs for as low as $1 per trade for a year from funding date.
- Offer valid for those that fund a new Zacks Trade account by 12/31/19 with at least $2,500 USD or equivalent in existing positions or foreign currency, funding must occur within 60 calendar days of account opening.
- Offer limited to one promotion per account type per customer.
- Current customers are eligible should the new account be of different type than their current account.
- US Stocks and ETFs priced above $1 per share will be subject to a commission of $0.01 per share with a $1 minimum for a year.
- US Stocks priced below $1 per share will be subject to a commission equal to 1% of the principal (# of shares x price per share) with a $1 minimum for a year.
- The first option in an order will be subject to a commission of $1 with each identical contract being $0.75.
- When placing a multi-leg order, the first option in each leg will incur a commission of $1 with each Identical contract being $0.75 each.
- Following a one-year period from account fund date, commissions will revert to our standard commission structure, starting at $3.00 ($0.01 per share) for US stocks priced above $1 per share, 1% of the principal ($3.00 minimum) for US stocks priced below $1 per share, and $3.00 for the first option contract in any leg.
- The offer does not apply to foreign stock transactions, large block transactions requiring special handling, restricted stock transactions or foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S.
- Offer is not transferable and not valid with internal transfers.
- This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
- Offer not valid for employees of Zacks Trade or Zacks companies.
- Zacks Trade reserves the right to restrict or revoke this offer at any time.
- Restrictions apply.
(Visit Zacks Trade for more information)
Zacks Trade Best For
The Managing Director Jason Toledo, states that there are a large range of clients. From long-term investors to daily traders, even students and retired people. However, investors that only make several trades a month in taxable accounts can save money. They are able to save more money in commissions going to Zacks Trade rather than brokerages like: Charles Schwab, TD Ameritrade, or E*Trade.
With Zacks Trade, they offer minimum commissions for a full access to their high-tier information. This trading platform is not good for people who are just starting out. Zacks Trad isn’t a user-friendly option for newbies to learn and play around with trading stocks.
Conclusion
Overall, if you want top-tier information and a great way to earn money on commissions, Zacks Trade is a great option for you! This platform has a variety of amazing utensils for data analysis as well. However, keep in mind that they aren’t the best at explaining terminology and the basics to trading.
