2020 international brokerage firm in U.S. American online stock broker offering investment accounts for EU, and other foreign citizens or residents.

International Brokerage Account

ZacksTrade supports trading in stocks, ETFs, mutual funds, options, and bonds.

Commissions, Fees, and Minimum Deposit

At ZacksTrade stock and ETF trades are $0.01 per share ($1 minimum per trade), and for stocks priced below $1 the commission is the greater of $3 or 1% of the trade.

Mutual fund commissions are a flat $27.50. Options trades are $1 for the first contract and $0.75 for each additional contract.

Bond commissions are $3 per bond ($1,000 face value) plus a percentage of the trade which varies based on the size and the type of bond (Municipal, Corporate, or Treasury). The percentage can be as low as 0.005% for trades over $1 million face value or as high as 0.10% for face values under $10,000.

While ZacksTrade doesn’t have any account maintenance fees, they do require a minimum account balance of $2,500. Other fees to be aware of is they will charge you a $10 monthly fee for real-time data unless you trade at least $30 in commission per month. Oddly, ZacksTrade only allows one free withdrawal per month, with all additional ACH withdrawals costing $1. Higher fees apply to withdrawals via check or wire transfer.

Trading Software, Tools and Education

ZacksTrade has a website that is used for managing your account but not for trading, that happens on their web browser, desktop, and mobile platforms. The web browser and desktop platforms offer the standard features you’d expect from all brokers, but charting is superior on the desktop app.

A plus of using ZacksTrade is that your account gets you free access to lots of education and research articles offered through the broker’s various partners, including Zacks Investment Research, Morningstar, and Seeking Alpha. Many of these partners are subscription-only, so free access through your Zacks account is a great deal.


ZacksTrade


Customer Service

ZacksTrade has an online chat feature; however we haven’t always been able to immediately get in touch with someone through this channel. On the bright side, Zacks also has dedicated phone support during business hours from 9am to 6pm EST Monday through Friday.

Brokerage for Non-US Citizens Summary

In conclusion, ZacksTrade is a popular U.S. broker with great tools that offers international accounts to citizens of most countries.

ZacksTrade Website

Open ZacksTrade Account




Continue Reading