Robinhood vs ZacksTrade Comparison: Fees, Features, and More (2026)
Robinhood and ZacksTrade are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.
| Feature | Robinhood | ZacksTrade |
|---|---|---|
| Website | https://robinhood.com/ | https://www.zackstrade.com/ |
| Broker Type | Online discount brokerage (mobile app, web, Legend) | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 commissions (SEC/FINRA sell fees may apply) | $0.01 per share (minimum $1); 1% of trade value below $1/share |
| Fractional Shares? | Yes ($1 min; most NMS stocks/ETFs) | No |
| Percent Allocations? | No | Yes; Rebalance Portfolio |
| Crypto Trading? | Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) | No |
| Crypto Fees | MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees | Not applicable |
| Options Trading? | Yes | Yes |
| Options Fee | $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees | $1 for first contract + $0.75 per additional |
| Bond Trading Available? | No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) | Yes; corporate and government bonds |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF/rebates from market makers for equities, options, and crypto) | Yes |
| Interface: Web trading? | Yes (web including Legend browser platform; iOS/Android mobile apps) | Yes |
| Desktop trading? | No; Robinhood Legend is a free browser-based (web) platform, not downloadable. | Yes; Zacks Trade Pro/Client Portal/app |
| API Trading? | Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. | No |
| Mutual Funds: Offered? | No | Yes |
| Total Mutual Funds | 0 | Not publicly stated |
| NTF Mutual Funds | 0 | Not publicly stated |
| Non-NTF Fund Fee | N/A | $27.50 |
| Early Redemption Fee? | N/A | Varies by fund |
| Redemption Hold (Days) | N/A | Fund-specific |
| Early Redemption Fee | N/A | Fund-specific |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes (Traditional and Roth; no SEP) | Yes; Traditional, Roth, SEP, and Rollover |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes | No |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | Yes (Robinhood Strategies hybrid managed portfolios) | No |
| Robo-Advisor Service | Robinhood Strategies | None |
| Robo-Advisor Fees | 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. | Not applicable |
| Basics: Headquarters | Menlo Park, CA | Chicago, IL |
| Year Founded | 2013 | 2013 |
| Clearing Firm | Robinhood Securities, LLC | Interactive Brokers LLC |
| Local Branches? | No | No; online broker |
| New Account Minimum | $0 | $0 |
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