Comparison Robinhood vs Zacks Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs Zacks Trade. Is Robinhood or Zacks Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Robinhood has a commission fee of commission-free, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. When analyzing trading options, the commission fees of Robinhood is commission-free, and that one of Zacks Trade is $1 for First Contract + $0.75 per additional. You can read more detailed information on commission fees in the online broker reviews.
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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs 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, Robinhood 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. Robinhood was established in 2013 in United States, and it is regulated by SEC, FINRA. And Zacks Trade was established in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from Robinhood can be done using Bank Wire 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 withdrawal time for Robinhood is 5 days trading holding period for uninvested funds, and that one for Zacks Trade is 4-7 working days.
Overall, Robinhood boasts 3.4 stars versus Zacks Trade 4 stars.