Comparison Trading 212 vs Zacks Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Trading 212 vs Zacks Trade. Is Trading 212 or Zacks Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Trading 212 has a commission fee of 0, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Now, let’s compare commission fees in Forex, the commission fee of Trading 212 is 0.8 average spread for EUR/USD, and the commission fee of Zacks Trade is -. We can also analyze commission fees for trading CFD: they are fees built into spreads in Trading 212 vs - in Zacks Trade. You can read more detailed information on commission fees in the online broker reviews.
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, ETFs Trading, Forex Trading are provided to customers by Trading 212 and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. As for platforms, Trading 212 offers Web Platform, Android App, iOS App, while Zacks Trade offers 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. Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. 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 Trading 212 can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. 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 Trading 212 is 0-5 days, and that one in Zacks Trade is 4-7 working days.
As a result, the rating of Trading 212 is 4.3 stars versus that of Zacks Trade of 4 stars.