ZacksTrade vs Robinhood Comparison: Fees, Features, and More (2026)

ZacksTrade and Robinhood 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.

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

Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com


Picked a Broker? Now Build Your Perfect Portfolio

Find high-performing, investable model portfolios (Tactical, Strategic, and Managed) at RecipeInvesting.com.

Get FREE Access
Recipe Investing Logo

Compare ZacksTrade to All Brokers