Robinhood
Zacks Trade
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while Zacks Trade was established in 2008 and is based in United States. Robinhood holds licences including Financial Conduct Authority (FCA), while Zacks Trade is regulated by Unregulated among others. Robinhood serves 10,000,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $0 at Robinhood and $2500 at Zacks Trade.
| Feature | Robinhood | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Unregulated |
| Founded | 2013 | 2008 |
| Country | USA | United States |
| Clients | 10,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and Zacks Trade, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. Robinhood charges deposit fees; Zacks Trade does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Robinhood | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Robinhood offers a proprietary platform, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Robinhood 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 | Robinhood | Zacks Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & 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 Robinhood 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. The two brokers are evenly matched on educational content.
| Feature | Robinhood | Zacks Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Robinhood accepts 1 of the tracked payment methods (bank transfer), while Zacks Trade supports 2 (bank transfer, credit/debit card). Zacks Trade uniquely supports credit/debit card among the two brokers. Zacks Trade scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | Zacks Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | 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 Robinhood and Zacks Trade offer live chat support. Zacks Trade offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and Zacks Trade supports 2, giving Robinhood broader global reach. Zacks Trade scores higher overall on customer support in our assessment.
| Feature | Robinhood | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, and Chinese |