Tradier Brokerage vs Zacks Trade

Tradier Brokerage vs Zacks Trade Comparison Table 2024
Tradier Brokerage Zacks Trade
3
3.9

Tradier Brokerage is a US-headquartered and regulated broker specializing in stocks and options. The brand integrates with 100+ platforms, alongside its own customizable web solution, and has 1+ billion API calls per month. With low fees and margin rates, Tradier Brokerage has proven popular with active traders.

Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Comment by Reviewer
"Tradier Brokerage is best suited to experienced investors looking for low costs in return for high trading volumes on stocks, options and ETFs." "Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Pros
  • Commission-free stock and ETF trading plus low commissions for options
  • Secure operations and protocols to protect against hacks, including 2FA
  • Ability to customize platforms using APIs
  • Low minimum investment requirement
  • Social trading via third-party providers
  • Diverse range of platform options
  • Competitive margin rates
  • Takeover queues
  • 401k solutions
  • Demo account
  • 20+ account denominations
  • Comprehensive research and data
  • Customizable proprietary trading platform and mobile app
  • Regulated by FINRA with access to the Securities Investor Protection Corporation
Cons
  • Complex platforms that aren't best for beginners
  • Advanced services have additional charges
  • High IRA and mutual fund fees
  • No cash management accounts
  • No MT4 or MT5 platform integration
  • High minimum requirement of $2,500
  • No forex, commodities or futures trading
  • Withdrawal fees apply if removing funds more than once per month
  • Shortcomings regarding platform loading times and technical glitches
Instruments
Stocks, ETFs, Futures, Options Stocks, ETFs, Cryptos, Options, Bonds
Demo Account
Yes Yes
Minimum Deposit
$0 $2500
Trading Platforms
  • eSignal
  • Own
Payment Methods
Minimum Trade
0.01 Lots $3
Regulator
SEC, FINRA FINRA
Margin Trading
Yes Yes
Margin Rate
5.25 3.56
STP Account
No No
ECN Account
No No
DMA Account
No 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
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (algos)
Copy Trading
No No
Social Trading
Yes 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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • HUF
Stock Exchanges
Cryptocurrency
Crypto trading not offered Clients can trade a modest handful of cryptos including Bitcoin, Ethereum, and Litecoin. Real-time quotes are available and fees are low. Commissions also drop if you trade digital currencies in high volumes.
Spread
0.18% fee per trade
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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Tradier Brokerage
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