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Brokerage Account Review

Zacks Trade

Zacks Trade (a division of LBMZ Securities)

Stock trades $0.01/share, $1 minimum (1% of trade value for stocks under $1/share). Active traders who want Zacks research tools and low margin rates.

At a Glance

Stock Trades

$0.01/share, $1 minimum (1% of trade value for stocks under $1/share)

Options Trades

$1 for the first contract + $0.75 per additional contract

Min. Deposit

$250

Research Tools

Advanced

Fractional Shares

No

Crypto Trading

No

Rates & Fees

Stock Trades

$0.01/share, $1 minimum (1% of trade value for stocks under $1/share)

Options Trades

$1 for the first contract + $0.75 per additional contract

Min. Deposit

$250

Account/Inactivity Fee

$15/month inactivity fee for accounts under $25,000 with less than $15 in monthly commissions

Full Transfer-Out Fee

Free (automated customer account transfer, incoming or outgoing)

Key Features

Stocks and ETFs from $0.01/share with a $1 minimum

Options from $1 for the first contract + $0.75 each additional

$250 minimum initial deposit

Margin rates start at 8.83% or lower, depending on balance (per Zacks Trade)

Pros & Cons

Pros

  • Free Zacks Rank Trading Tool with a $250 balance or deposit
  • Free broker-assisted trades
  • Free account transfers in or out and free IRA custodial fee

Tradeoffs

  • Charges per-share commissions where many brokers charge $0
  • $15/month inactivity fee on smaller, less active accounts
  • Only one free withdrawal per month

Best for: Active traders who want Zacks research tools and low margin rates

How to Apply

Decide which account type fits your goal — Zacks Trade (a division of LBMZ Securities) offers Individual, IRA.

Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.

Open the account directly on Zacks Trade (a division of LBMZ Securities)'s site or app; identity verification is required by federal law for all brokerages.

Fund the account with at least $250 to meet the minimum deposit requirement.

Review commission schedules and any account fees before placing your first trade.

How It Compares

Current product highlighted
ProductStock TradesOptions TradesMin. Deposit
Zacks Trade$0.01/share, $1 minimum (1% of trade value for stocks under $1/share)$1 for the first contract + $0.75 per additional contract$250
Fidelity Investments$0$0.65/contract$0
Charles Schwab$0$0.65/contract$0
E*TRADE$0$0.65/contract ($0.50 for 30+ trades/qtr)$0

Frequently Asked Questions

Does Zacks Trade (a division of LBMZ Securities) charge fees to trade stocks?

Zacks Trade (a division of LBMZ Securities)'s stock trade commission is "$0.01/share, $1 minimum (1% of trade value for stocks under $1/share)." Options trades are priced at $1 for the first contract + $0.75 per additional contract, and other fees (like broker-assisted trades or account transfers) can still apply.

What's the minimum deposit for Zacks Trade (a division of LBMZ Securities)?

Zacks Trade (a division of LBMZ Securities) requires a minimum deposit of $250 to open this account.

Can I trade fractional shares and crypto with Zacks Trade (a division of LBMZ Securities)?

Zacks Trade (a division of LBMZ Securities) does not currently support fractional shares, and does not offer direct crypto trading.

Are there any ongoing or account-closing fees with Zacks Trade (a division of LBMZ Securities)?

Account/inactivity fee: $15/month inactivity fee for accounts under $25,000 with less than $15 in monthly commissions. Fee to transfer your full account to another broker: Free (automated customer account transfer, incoming or outgoing). Transfer-out fees are common industry-wide and are charged by the broker you're leaving, not the one you're moving to.

How does Zacks Trade (a division of LBMZ Securities) compare to other brokerages?

See the "How It Compares" table on this page for a few close alternatives side by side, or browse the full list of brokerage accounts to compare commissions, minimums, and platform features.

Other Brokerage Accounts

Fidelity Investments

Stock trades: $0

Charles Schwab

Stock trades: $0

E*TRADE

Stock trades: $0

Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.

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