Zackstrade

ZacksTrade Promotions


Current ZacksTrade promotion code: $1 trades until 2019 + $150 account transfer reimbursment. 2018 best ZacksTrade promotions for opening new account or for existing customers depositing cash into regular brokerage account, ROTH IRA, or 401K rollover IRA.



ZacksTrade Promotion Code



Open ZacksTrade Account



ZacksTrade Promotion Code Details


Trade stocks for as low as $1 until April 15, 2019. Start an application and fund your account with $2,500 within the next 30 days to receive an introductory promotional ZacksTrade offer to trade US Stocks priced above $1 per share at $0.01 per share with a $1 minimum until December 31, 2018. US Stocks priced below $1 per share are 1% of the principal with a $1 minimum. After April 15, 2019 commissions will revert to our normal commission starting at $3.00 ($0.01 per share) for US stocks priced above $1 per share and 1% of the principal ($3.00 minimum) for US stocks priced below $1 per share. The ZacksTrade promotion 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. ZacksTrade incentive 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. ZacksTrade promotions are not valid for employees of Zacks Trade or Zacks companies. Zacks Trade reserves the right to restrict or revoke this offer at any time.

Zacks Trade will pay your transfer fee (up to $150) on full account transfers of at least $5,000. Simply fill out Account Transfer Reimbursement Request and show proof of the transfer charge.


ZacksTrade Review


ZacksTrade rating



ZacksTrade Trading Tools


Options trading is what ZacksTrade is all about. The platform is great for any kind of trading but the tools and features make it a one of a kind trading station. First off, stock and index quotes are easy to read, the quote pages are filled with the information traders want to know such as volume, open interest, short ratio, earnings data and the latest news. Options chains are equally easy to read and quickly accessible from every page on the website from the quotes to the charts. Trading can be executed a number of ways starting with the actual trading screens and it is even possible to trade directly from the charts.


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The platform is very versatile and allows for complex orders involving triggers, stops and limits. The charts are also top shelf; ZacksTrade uses interactive Java Charts which provide real time streaming access to any asset your account is enabled for. The charts include 100's of standard technical analysis tools such as moving averages, Fibonacci Retracements, RSI, stochastic and MACD.

There are a number of versatile trading tools to compliment the charts. These include market and fundamental research as well as others attractive to active options traders. The Dragon may be the most useful but not the only one available. It allows you to input criteria according to your own strategies, no matter how advanced, and then scans the market looking for trade set ups. These could include calendar spreads, butterflies, iron condors and any other option strategy of your devise. The tool returns possible trades ranked in order and includes relevant options information so you can act as quickly as possible.

The Strategy Scan is a more focused version of the Dragon, it scans the market looking for trade set ups based on common strategies such as covered calls, calendar spreads, collars and strangles then lists the trades ranked by probability. Another useful tool, on a par with the Dragon, is the OptionsPricer. The Pricer is an interactive options chain that includes all the Option Greeks and allows you to change inputs to see how time, the price of the underlying asset and volatility affect the value of your target options.


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ZacksTrade Review


The fees at ZacksTrade are $4.95 flat for stock and ETF trades, and $9.95 for no-load mutual funds transactions. Options are at $4.95 plus 65 cents per contract. ZacksTrade also offers competitive pricing on futures but high rates on margin accounts. Minimum to open cash account is $0, margin account - $2,000.

ZacksTrade has remarkably few fees and surcharges - almost no other brokerage firm has so few. The only notable fee is a $10 options exercise and assignment fee (only options traders care about it). There are absolutely no hidden fees and no hefty trading platform charges. The company offers fee-free individual retirement accounts as well as free dividend reinvestment - just call customer service to set it up.

ZacksTrade is known to provide users with excellent customer service. If you decide to call the firm, and place an order with a help of the broker, there is no surcharge for it (very rare among online brokers). The company also offers a bunch of very valuable features for free: virtual trading, streaming quotes (many brokers charge monthly fee for them) and online classes.

ZacksTrade is a necessity for any trader, regardless of experience or level. There is no account minimum except for margin and forex accounts. There is also no requirement for trading level. Anyone with valid identification information can open an account. Once the account is open all the tools and features are available to use. Trading can start as soon as the money transfer clears. It is also super easy to shift accounts from other brokerages.

ZacksTrade is an excellent option for mutual funds investors. Thanks to great trading and research tools, the company is also very popular among options traders. Retirement account seekers and "buy and hold" investors will be pleased with no IRA and account inactivity fees.

Charles Schwab plans to finish integrating ZacksTrade this year. This means that within few months ZacksTrade customers will be switched to Charles Schwab accounts, services and pricing, some of which is not as attractive as at ZacksTrade.



Updated on 8/1/2018.