Virtual Brokers
Zacks Trade
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Overview
Virtual Brokers was founded in 2008 and is headquartered in Canada, while Zacks Trade was established in 2008 and is based in United States. Virtual Brokers holds licences including The Investment Industry Regulatory Organization of Canada (IIROC), while Zacks Trade is regulated by Unregulated among others. Virtual Brokers serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $1000 at Virtual Brokers and $2500 at Zacks Trade.
| Feature | Virtual Brokers | Zacks Trade |
|---|---|---|
| Min. Deposit | $1000 | $2500 |
| Regulation | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Canada | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Virtual Brokers and Zacks Trade, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $2500 at Zacks Trade). Virtual Brokers charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. Virtual Brokers charges deposit fees; Zacks Trade does not. The two brokers are broadly comparable on fee structure.
| Feature | Virtual Brokers | Zacks Trade |
|---|---|---|
| Min. Deposit | $1000 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Virtual Brokers offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Virtual Brokers | 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,Desktop,iPhone/iOS | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Virtual Brokers 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 | Virtual Brokers | 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. Virtual Brokers 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 | Virtual Brokers | 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 Virtual Brokers 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 | Virtual Brokers | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |