Forex.com
Zacks Trade
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while Zacks Trade was established in 2008 and is based in United States. Forex.com holds licences including Financial Conduct Authority (FCA), while Zacks Trade is regulated by Unregulated among others. Forex.com serves 150,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is Typical at Forex.com and $2500 at Zacks Trade.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| Min. Deposit | Typical | $2500 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Unregulated |
| Founded | 2001 | 2008 |
| Country | United States | United States |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and Zacks Trade, directly affecting your bottom line as a trader. Zacks Trade has a lower barrier to entry with a minimum deposit of $2500 (vs Typical at Forex.com). Forex.com charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; Zacks Trade does not. Forex.com charges deposit fees; Zacks Trade does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| Min. Deposit | Typical | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Forex.com offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex.com and Zacks Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Zacks Trade scores higher overall in education and research.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Zacks Trade supports 2 (bank transfer, credit/debit card). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex.com and Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and Zacks Trade supports 2, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, and Chinese |