Nadex
Zacks Trade
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Overview
Nadex was founded in 2008 and is headquartered in USA, while Zacks Trade was established in 2008 and is based in United States. Both brokers are regulated by Unregulated, among other authorities. Nadex serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $250 at Nadex and $2500 at Zacks Trade.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Nadex and Zacks Trade, directly affecting your bottom line as a trader. Nadex has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; Nadex does not. The two brokers are broadly comparable on fee structure.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Nadex offers MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex supports social and copy trading features, which Zacks Trade does not offer. Zacks Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Nadex and Zacks Trade compare. Zacks Trade runs regular live webinars; Nadex does not. Zacks Trade has a video library; Nadex does not. Zacks Trade publishes daily market commentary; Nadex does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Nadex does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Nadex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 Nadex and Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Nadex | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |