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Comparison Plus500 vs Zacks Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs Zacks Trade. Which of them: Plus500 or Zacks Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Plus500 has a commission fee of from 0.45%, 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. Plus500 has a commission fee of from 2 pips, 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 Plus500 is from 0.6 pips, and the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: Plus500 provides from 0.065%, and Zacks Trade provides -. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.03% and - for Plus500 and Zacks Trade, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by Plus500 and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. Concerning the platforms, Plus500 uses Web Platform, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Zacks Trade was established in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. We can withdraw funds from Plus500 with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. And Zacks Trade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 1 withdrawal free monthly. The time for withdrawal in Plus500 is 1-2 working days, and that one in Zacks Trade is 4-7 working days.
Overall, Plus500 boasts 4 stars versus Zacks Trade 4 stars.