Zacks Trade vs AvaTrade

Zacks Trade vs AvaTrade Comparison Table 2023
Zacks Trade Review 2023	AvaTrade Review 2023
Review 3.9 Zacks Trade is #36 in our broker rankings.	Review 4.9
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available, alongside a comprehensive education center and multilingual customer support.
Bonus Offer
	20% Welcome Bonus up to $10,000
Comment by Reviewer
"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."	"AvaTrade offers the full package for aspiring traders. There is powerful trading software, reliable execution, top-tier education and fast account opening with a low minimum deposit."
Pros
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	WebTrader is well-suited to beginners and features a strong suite of technical analysis tools, market research and integrated education The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill The broker offers reliable 24/5 multilingual customer support with fast response times during testing AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more Traders can access stable spreads and zero commissions with no hidden fees
Cons
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	A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners There’s a steep $50 inactivity fee after three months, which is higher than the industry average It’s a shame that there are no rebate schemes for active traders looking for additional perks There is no ECN account with raw spreads Traders from the US are not accepted
Awards
	Best Mobile Trading Platform 2023 - Finance Derivative Best Educational 2023 - Global Business Magazine Best Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com
Instruments
Stocks, Options, Crypto, ETFs	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$2500	$100
Trading Platforms
Own	WebTrader AvaTradeGO AvaOptions MT4 MT5 AlgoTrader TradingCentral DupliTrade
Payment Methods
ACH Transfer Cheque Wire Transfer	Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer
Minimum Trade
$3	0.01 Lots
Regulator
FINRA	ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA
Margin Trading
Yes	Yes
Margin Rate
3.56	2%
STP Account
No	Yes
ECN Account
No	No
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes (algos)	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	There's a strong selection of social and copy trading systems, including the AvaSocial app and popular third-party platforms, DupliTrade and ZuluTrade. Clear performance metrics can help you find the right strategy provider for your goals and risk appetite.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15	$50
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD NZD INR JPY ZAR TRY SEK NOK DKK CHF HKD SGD RUB PLN CZK HUF	USD EUR GBP CAD AUD
Stock Exchanges
London Stock Exchange Nasdaq New York Stock Exchange S&P 500	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
	Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	AvaTrade's 1250+ leveraged CFD products span a range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools.
Leverage
	1:30 (Retail) 1:400 (Pro)
FTSE Spread
	0.5
GBPUSD Spread
	1.5
Oil Spread
	0.02
Stocks Spread
	0.13
Forex Trading
Forex trading not offered	AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
Forex App
	AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.
GBPUSD Spread
	1.5
EURUSD Spread
	0.9
EURGBP Spread
	1.5
Assets
	50+
Currency Indices
	USD
Cryptocurrency
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.	Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage.
Spread
0.18% fee per trade	BTC
Coins
	BCH BTC BTG ETH LTC XRP EOS DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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