Having researched and sorted a big amount of information and data, this Zacks Trade review is here to show you all the important stats about the company. Be sure to take a look at the tables below and make an informed decision.
Popularity
It is clear from the stats shown in the table below that Zacks Trade it’s still in its infancy stage and has a lot more to go to become a big brand.
| Query | Answer | Reference URL | Date |
| Number of users (approximate) | – | – | 26 Aug 2020 |
| Website traffic (estimated) | N/A | https://www.similarweb.com/website/zackstrade.com/ | 26 Aug 2020 |
| # results on web | 9.7m | https://www.google.com/ | 26 Aug 2020 |
| Search volume Google | 400 | https://searchvolume.io | 26 Aug 2020 |
| Twitter followers | 328 | https://twitter.com/zackstrade | 26 Aug 2020 |
| FB followers | Not public | https://www.facebook.com/ZacksTrade/ | 26 Aug 2020 |
| How popular on mainstream media? | Low | Benzinga, MoneyCheck, NerdWallet | 26 Aug 2020 |
| Negative media? | None | – | 26 Aug 2020 |
| Notable awards | – | – | 26 Aug 2020 |
User Rating
The stats presented below show that company it’s still young and because the reviews online are so few, please take everything with a grain of salt.
Background Information
| Company public/private | Private | https://www.zackstrade.com/about-us/ |
| Revenue Data | – | – |
| CEO and bio | Len Zacks – Alongside its brother, Ben Zacks, he founded Zacks Investment Research more than 40 years ago to help individual investors use the patterns in Estimate Revisions to improve their portfolio performance. | https://www.zackstrade.com/about-us/ |
| Number of employees | – | – |
| Notable investors (private companies) | – | – |
Security
All the usual security measures are available when you use the Zacks Trade platform.
| Query | Answer | Reference URL |
| HTTPS Certificate | Yes | https://www.zackstrade.com/ |
| 2FA ? | Yes | https://www.zackstrade.com/faq/trading/platforms-faq/ |
| Device monitoring? | Yes | https://www.zackstrade.com/account-protection/ |
| New device extra security? | Yes | https://www.zackstrade.com/account-protection/ |
Fees & Offering
With low offerings and bigger commissions than many of its competitors, Zacks TRade doesn’t seem to be the choice for a beginner investor.
| Query | Answer | Reference URL |
| Account minimum | $2,500 | https://www.zackstrade.com/commissions-fees/ |
| Account fixed fees | None | https://www.zackstrade.com/commissions-fees/ |
| Fractional shares? | – | – |
| Margin costs | Varies | https://www.zackstrade.com/wp-content/uploads/2020/08/Zacks-Trade-Pricing-Guide-August-2020.pdf |
| ETF buying fees | $0.01 per share | https://www.zackstrade.com/commissions-fees/ |
| Stock buying fees | $0.01 per share | https://www.zackstrade.com/commissions-fees/ |
| Option buying fees | $1 for First Contract+ $0.75 per additional | https://www.zackstrade.com/commissions-fees/ |
| Short selling fees | – | – |
| Futures buying fees | – | – |
| Future options buying fees | – | – |
| Cryptocurrency fees | – | – |
| Fixed income fees | 0.025% * Face Value + $3 per bond | https://www.zackstrade.com/commissions-fees/ |
| Mutual funds fees | $27.50 | https://www.zackstrade.com/commissions-fees/ |
Trading App
With only 50 reviews posted on Google Play Store and Apple App Store combined, it’s hard to draw a conclusion. But people seem to see the potential in the app and would give an even better rating if more features were to be added.
| Query | Answer | Reference URL |
| Android app # installs | 10K+ | https://play.google.com/store/apps/details?id=handytrader.app |
| Android app # reviews | 44 | https://play.google.com/store/apps/details?id=handytrader.app |
| iPhone app # reviews | 5 | https://apps.apple.com/us/app/handy-trader/id429530128 |
| Android app rating | 4.3 / 5 | https://play.google.com/store/apps/details?id=handytrader.app |
| iPhone app rating | 3 / 5 | https://apps.apple.com/us/app/handy-trader/id429530128 |
| Common compliments on app | Pretty good app and has all the stocks listed | https://play.google.com/store/apps/details?id=handytrader.app https://apps.apple.com/us/app/handy-trader/id429530128 |
| Common complaints on app | A lot of features need to be added | https://play.google.com/store/apps/details?id=handytrader.app https://apps.apple.com/us/app/handy-trader/id429530128 |
| Weighted average app rating | 3.65 / 5 | https://play.google.com/store/apps/details?id=handytrader.app https://apps.apple.com/us/app/handy-trader/id429530128 |
Final conclusions:
This Zacks Trade review has shown that it’s not the best choice for a novice investor because of the pretty high fees. Also, the lack of fractional shares and cryptocurrency trading is a hard sell for those looking for quick and cheap trades with high upside potential.