Updated September 28, 2026 · BrokerCue Editorial Team
Traders Place vs Zacks Trade
Where Traders Place and Zacks Trade differ
| Compare |  Traders Place |  Zacks Trade |
|---|---|---|
| Stock trade fee | €0 | $1 |
| Markets | Stocks, ETFs, Crypto, Bonds, Funds | Stocks, ETFs, Options, Bonds, Funds |
| Regulators | Federal Financial Supervisory Authority (BaFin) | FINRA |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Platforms | Traders Place App | Zacks Trade Pro, Client Portal, Zacks Trade app |
| Account types | Joint | IRA |
| Minimum deposit | Not confirmed | $250 |
| Account fee | €0 | Not confirmed |
| Inactivity fee | Not confirmed | $15 |
| Margin rate | Not confirmed | 8.83% |
| Options contract fee | Not confirmed | $1 |
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Key differences
- Traders Place scores higher overall: 8.9 vs 8.7.
- Regulators: only Traders Place offers Federal Financial Supervisory Authority (BaFin).
- Regulators: only Zacks Trade offers FINRA.
- Markets: only Traders Place offers Crypto.
- Markets: only Zacks Trade offers Options.
- Platforms: only Traders Place offers Traders Place App.
- Platforms: only Zacks Trade offers Zacks Trade Pro, Client Portal, Zacks Trade app.
- Account types: only Traders Place offers Joint.
- Account types: only Zacks Trade offers IRA.
- Support channels: only Traders Place offers Help centre.
Our verdict on each
Traders Place
Traders Place is a German broker built around a commission-free model, with stocks, ETFs, bonds, funds and crypto in a joint account and an overall score of 6.6. It suits investors who want a low running cost and a regulated German setup, with crypto included rather than bolted on.
Zacks Trade
Zacks Trade is a US broker built for experienced traders and day traders who want options and margin, charging a stock trade fee of $1 and a minimum deposit of $250 on its IRA account. The catch is the $15 inactivity fee for anyone whose account sits idle.
Score breakdown
| Area | Traders Place | Zacks Trade |
|---|---|---|
| Cost | 9.3HigherStock trade fee €0 and account fee €0 sit at ranking position 1 and 1. | 8.5Cheap trades at $1 a stock and $1 an option, offset by a $250 minimum deposit and a $15 inactivity fee. |
| Offer | 8.9 | 9.2Higher |
| Trust | 8.6 | 8.7Higher |
Pick Traders Place if, pick Zacks Trade if
Pick Traders Place if cost matter most.
Pick Zacks Trade if offer matter most.
Availability and regulation
| Country | Traders Place | Zacks Trade |
|---|---|---|
| Germany | Federal Financial Supervisory Authority (BaFin) MiCA CASP 5299005Y5T6LXFAXDQ78 | Not confirmed |
| United States | Not confirmed | FINRA 7874 |
Additional countries for Traders Place: 1. Additional countries for Zacks Trade: 1.
Sources behind this comparison
Traders Place
- tradersplace.de: 8 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
Zacks Trade
- zackstrade.com: 15 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
How they place
| Ranking | Traders Place | Zacks Trade |
|---|---|---|
| Stock and ETF brokers | 27 of 471 | 201 of 471 |
| Investment platforms and apps | 2 of 86 | 44 of 86 |
Every fact side by side
| Fact | Traders Place | Zacks Trade |
|---|---|---|
| Features | Crypto, Fractional shares, Mobile app | Mobile app, Options |
| Pricing model | Commission free | Low fees |
| Audience | Not confirmed | Experienced, Day traders |
| Legal entity | Traders Place GmbH & Co. KGaA | LBMZ Securities Inc. |
| Headquarters | Germany | United States |
| Founded | Not confirmed | 2013 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone |
Where each stands against the rest
| Fact | Traders Place | Zacks Trade | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $250highest quarter | $25 |
| Account fee | €0at the median | Not confirmed | €0 |
| Inactivity fee | Not confirmed | $15above the median | $0 |
| Margin rate | Not confirmed | 8.83%above the median | 8.75% |
| Options contract fee | Not confirmed | $1highest quarter | $0.625 |
Median across 134 listed brokers.
Pros and cons
Traders Place
Pros
- Regulated by Federal Financial Supervisory Authority (BaFin), with investor protection of EU ICS up to EUR 20,000.
- A broad market list, stocks, etfs and crypto, covering equities, ETFs, bonds, funds and crypto.
- Fractional shares, crypto and a mobile app sit in crypto, fractional shares and mobile app, with Traders Place App as the platform.
Cons
- Contact options are limited to email, phone and help centre, with no live chat channel listed.
- The market list covers stocks, etfs and crypto, so forex and CFD traders are not served.
- Retail accounts that lose money run at 70.15% across the brands compared here, so a commission-free model does not remove the risk.
Zacks Trade
Pros
- Simple per-trade pricing: $1 a stock, $1 an options contract, margin at 8.83%.
- FINRA registration under licence 7874, and client holdings sit with SIPC protection.
- Support covers email, chat and phone, so phone and chat are both available.
Cons
- The $15 inactivity fee sits above the €10 upper quartile among the brokers compared.
- A $250 minimum deposit is well above the €4.64 median on the site.
- Account types cover ira only, which rules out a taxable brokerage account for wider investing.
Who each suits
Traders Place
Who it suits
- Couples who want a joint account, since joint lists joint.
- Investors who want equities, ETFs, bonds, funds and crypto in a single account: stocks, etfs and crypto.
- Savers who want a German regulated broker with phone and email support: email, phone and help centre.
Who should look elsewhere
- Traders who want forex or CFDs, since CFI lists them in stocks, etfs and forex.
- Investors who prefer to check the cost model against a rival priced in another currency, such as eToro at $0.
Zacks Trade
Who it suits
- Experienced traders and day traders who already know the markets they trade.
- US investors who want an IRA and plan to trade options or use margin.
- Investors who will keep trading, since the inactivity fee applies once an account goes quiet.
Who should look elsewhere
- CFI, which takes a minimum deposit of $0 rather than $250.
- eToro, where a stock trade costs $0 against $1 here.
- Vantage, with a minimum deposit of $5, which suits a smaller starting balance.
Current offers
Traders Place
Current offer
Bonus
Neukundenbonus
Source, checked September 26, 2026
Country by country
| Country | Traders Place | Zacks Trade |
|---|---|---|
| Germany | Yes | No |
| United States | No | Yes |
Questions about each
Traders Place
What does it cost to buy shares at Traders Place?+
Stock trades are charged at €0 and the pricing model is listed as commission-free, so no commission is added to a share purchase. The account fee is €0 as well, which keeps the cost of holding a plain brokerage account low for a buy and hold investor.
Does Traders Place charge to keep an account open?+
The account fee is €0, and the only account type listed is joint, as joint shows. That suits a couple holding securities together under a single pricing structure. Stock trades themselves are charged at €0, so the account charge is not offset by a per-trade commission.
Zacks Trade
What does it cost to trade stocks and options?+
Stocks cost $1 per trade and options contracts $1, and the account opens at a minimum deposit of $250. Margin runs at 8.83%. Every figure here applies to the IRA account, which is the account type on offer.
Is my money protected and who regulates the broker?+
Zacks Trade is registered with FINRA under licence 7874, and the legal entity behind the brand is LBMZ Securities Inc. Client holdings sit with SIPC protection, which is the scheme covering money in the account rather than the firm's own balance sheet.
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