ZacksTrade vs VantageFX

Zacks Trade vs Vantage Comparison Table 2024
Zacks Trade Vantage
3.9

Zacks Trade is #33 in our broker rankings.

4.7
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

Customer Reviews
4.3
Bonus Offer
50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
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." "Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."
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
  • Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
  • The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side
  • There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
  • The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
  • Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
  • The low minimum deposit of $50 and zero funding fees make this broker a great choice for new traders
  • There are no short-term strategy restrictions with hedging and scalping permitted
  • It’s quick and easy to open a live account – taking less than 2 minutes
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
  • It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
  • Unfortunately, cryptos are only available for Australian clients
Awards
  • Best Broker Australia - Ultimate Fintech Awards 2022
  • Best In CFD Trading 2022 - The European Global Banking & Finance Awards 2022
  • Best Trading App - Professional Trader Awards 2022
  • Best Trade Execution - Global Forex Awards 2023
Instruments
Stocks, ETFs, Cryptos, Options, Bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
Demo Account
Yes Yes
Minimum Deposit
$2500 $50
Trading Platforms
  • Own
  • ProTrader
  • MT4
  • MT5
  • TradingView
  • DupliTrade
Payment Methods
Minimum Trade
$3 0.01 Lots
Regulator
FINRA FCA, ASIC, FSCA, VFSC
Margin Trading
Yes Yes
Margin Rate
3.56
STP Account
No Yes
ECN Account
No Yes
DMA Account
Yes No
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 No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
App Review

Vantage offers one of the most complete trading apps we’ve used. The crisp design and slick interface makes analyzing markets and placing trades straightforward. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV.

Android App Rating
3.9
iOS App Rating
3.6
Auto Trading
Yes (algos) Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15 $0
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
  • NZD
  • JPY
  • HKD
  • SGD
  • PLN
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Traders can speculate on 1000+ financial markets with high leverage up to 1:500. You can bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset. With the comprehensive choice of CFD trading platforms, users can also switch between desktop, web and mobile for a seamless trading experience.
Leverage
1:500
FTSE Spread
1.0
GBPUSD Spread
0.5
Oil Spread
0.01
Stocks Spread
$0.01 per share ($1 minimum) 0.01
Forex Trading
Forex trading not offered Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
GBPUSD Spread
0.5
EURUSD Spread
0.0
EURGBP Spread
0.5
Assets
55+
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. You can trade cryptos 24/7, including Bitcoin, with up to 1:200 leverage and zero overnight fees. Various risk management tools are also available, including price alerts and stop losses. The Vantage app also offers an excellent live news feed so you can keep track of the crypto market whilst on the go.
Spread
0.18% fee per trade Floating
Coins
  • ADA
  • AVA
  • BTC
  • DOG
  • EOS
  • ETH
  • LTC
  • NEO
  • SHB
  • SOL
  • TRX
  • UNI
  • XRPandmanymore
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Zacks Trade
vs
Vantage
vs