Trade Zero
Zacks Trade
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Overview
Trade Zero was founded in 2014 and is headquartered in Bahamas, while Zacks Trade was established in 2008 and is based in United States. Trade Zero holds licences including Securities Commission of the Bahamas (SCB), while Zacks Trade is regulated by Unregulated among others. Trade Zero serves 2,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $500 at Trade Zero and $2500 at Zacks Trade.
| Feature | Trade Zero | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Regulation | Securities Commission of the Bahamas (SCB) | Unregulated |
| Founded | 2014 | 2008 |
| Country | Bahamas | United States |
| Clients | 2,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Trade Zero 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 $500 at Trade Zero). Neither broker charges withdrawal fees. Zacks Trade charges deposit fees; Trade Zero does not. Overall, Trade Zero scores higher on fees in our assessment.
| Feature | Trade Zero | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Trade Zero offers MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Trade Zero 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 | Trade Zero | 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 | MT4, 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 Trade Zero 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 | Trade Zero | 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. Trade Zero 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 | Trade Zero | 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 Trade Zero 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 | Trade Zero | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |