SpreadCo
Zacks Trade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
SpreadCo was founded in 2005 and is headquartered in London, while Zacks Trade was established in 2008 and is based in United States. SpreadCo holds licences including Financial Conduct Authority (FCA), while Zacks Trade is regulated by Unregulated among others. SpreadCo serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $100 at SpreadCo and $2500 at Zacks Trade.
| Feature | SpreadCo | Zacks Trade |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 2005 | 2008 |
| Country | London | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between SpreadCo and Zacks Trade, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Zacks Trade). SpreadCo charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. SpreadCo charges deposit fees; Zacks Trade does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | SpreadCo | Zacks Trade |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
SpreadCo offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. SpreadCo supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | SpreadCo | 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 | 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 SpreadCo and Zacks Trade compare. Zacks Trade runs regular live webinars; SpreadCo does not. Both provide video tutorials. Zacks Trade publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | SpreadCo | Zacks Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. SpreadCo 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 | SpreadCo | 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 SpreadCo 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 | SpreadCo | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |