Tradestation vs ZacksTrade Comparison: Fees, Features, and More (2026)
Tradestation 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 | Tradestation | ZacksTrade |
|---|---|---|
| Website | https://www.tradestation.com/ | https://www.zackstrade.com/ |
| Broker Type | Discount | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0.01 per share (minimum $1); 1% of trade value below $1/share |
| Fractional Shares? | No | No |
| Percent Allocations? | No | Yes; Rebalance Portfolio |
| Crypto Trading? | Yes | No |
| Crypto Fees | Tiered maker/taker pricing based on account balance | Not applicable |
| Options Trading? | Yes | Yes |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $1 for first contract + $0.75 per additional |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | Yes; corporate and government bonds |
| Receives payment for order flow (PFOF)? | Yes | Yes |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | Yes; Zacks Trade Pro/Client Portal/app |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | No |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | Over 2,000 | Not publicly stated |
| NTF Mutual Funds | Not publicly stated | Not publicly stated |
| Non-NTF Fund Fee | $14.95 | $27.50 |
| Early Redemption Fee? | Varies by fund | Varies by fund |
| Redemption Hold (Days) | Fund-specific | Fund-specific |
| Early Redemption Fee | Fund-specific | Fund-specific |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes; Traditional, Roth, SEP, and Rollover |
| HSAs Offered? | No | No |
| Money Market Sweep? | No | No |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | No |
| Robo-Advisor Service | None | None |
| Robo-Advisor Fees | Not applicable | Not applicable |
| Basics: Headquarters | Plantation, FL | Chicago, IL |
| Year Founded | 1982 | 2013 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | Interactive Brokers LLC |
| Local Branches? | No; corporate offices only | No; online broker |
| New Account Minimum | $0 |
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