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Comparison IQ Option vs Zacks Trade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Zacks Trade. Which of them: IQ Option or Zacks Trade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IQ Option on regular transactions of the stock exchange is from 0.16%, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Let’s analyze the commission fees on trading options. IQ Option has a commission fee of from 0.035%, Zacks Trade has a commission fee of $1 for First Contract + $0.75 per additional. Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: IQ Option provides from 0.16%, and Zacks Trade provides -. For a more complete picture, let’s consider trading in the metal market, where IQ Option and Zacks Trade have commission fees of from 0.093% and -, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading, and Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. IQ Option was founded in 2013 in Seychelles, and it is regulated by Not Regulated. And Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The time for withdrawal in IQ Option is within 1 business day, and that one in Zacks Trade is 4-7 working days.

As a result, the rating of IQ Option is 3.9 stars versus that of Zacks Trade of 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
IQ Option
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Zacks Trade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
IQ Option
Stock
From 0.16%
ETFs
From 0.018%
Options
From 0.035%
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 0.03%
CFDs
From 0.16%
Futures
N/A
Metals
From 0.093%
Cryptocurrency
From 0.064%
Zacks Trade
Stock
$0.01 per share with $1 minimum or 1% of trade value if <$1 per share
ETFs
$0.01 per share with $1 minimum or 1% of trade value if <$1 per share
Options
$1 for First Contract + $0.75 per additional
Mutual Funds
$27.50
Bonds
Government Bonds: 0.025% Face Value + $3 per bond Corporate Bonds: 0.1% Face Value + $3 per bond
Forex Spreads
-
CFDs
-
Futures
-
Metals
-
Cryptocurrency
-

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
IQ Option
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading
Zacks Trade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
IQ Option
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Zacks Trade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
IQ Option
Research & Analysis
Education
Demo account
Zacks Trade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
IQ Option
Android App
iOS App
Zacks Trade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
IQ Option
Minimum deposit
$10
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Zacks Trade
Minimum deposit
$2,500
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
IQ Option
Bank Wire
Visa/Mastercard
Withdrawal Time
Within 1 business day
Withdrawal Fee
Free
Zacks Trade
Bank Wire
Visa/Mastercard
Withdrawal Time
4-7 working days
Withdrawal Fee
1 withdrawal free monthly

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
IQ Option
Сountry of Origin
Seychelles
Year Founded
2013
Regulated By
Not Regulated
Zacks Trade
Сountry of Origin
United States
Year Founded
Original company 1978, online brokerage 2008
Regulated By
SEC, FINRA, SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
IQ Option
Phone
+44 20 8068 0760
Email
support@iqoption.com
Live Chat
Yes
Zacks Trade
Phone
Yes
Email
Yes
Live Chat
Yes

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