TradeStation vs ZacksTrade

TradeStation vs Zacks Trade Comparison Table 2023
TradeStation Zacks Trade
WINNER
Zacks Trade is the better broker
United States Flag Traders from US accepted
United States Flag Traders from US accepted
US based broker with pricing methods split to cater for active day traders, or longer term stock holders Zacks Trade is a US based brokerage, built for the active trader. Trade stocks, ETFs, bonds, mutual funds and more on a proprietary trading platform.
Pros
  • Demo account
  • Multiple account currencies
Cons
  • Few payment methods offered
  • No MetaTrader 4 integration
  • High minimum deposit
  • No copy trading
Instruments
Stocks, Futures, E-minis, CFD Stocks, Options, Crypto, ETFs
Demo Account
Yes Yes
Minimum Deposit
$500 $2500
Payment Methods
Minimum Trade
Min lot size will vary $3
Regulator
SEC FINRA
Margin Trading
No Yes
Margin Rate
3.56
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
Yes (algos)
Copy Trading
No No
Social Trading
No No
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • HUF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered
Leverage
1:20
FTSE Spread
N/A
GBPUSD Spread<
N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Cryptocurrency
Crypto trading not offered Trade popular cryptocurrency coins with low fees.
Spread
0.18% fee per trade
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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