ZacksTrade vs Tradestation Comparison: Fees, Features, and More (2025)

ZacksTrade and Tradestation 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 2025.

Head-to-Head Comparison: ZacksTrade vs Tradestation (2025)
Feature ZacksTrade Tradestation
Website https://www.zackstrade.com/ https://www.tradestation.com/
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0.01 per share (minimum $1) No fee
Fractional Shares? No No
Percent Allocations? No No
Crypto Trading? Yes, via Paxos Yes
Crypto Fees 0.18% 0.25%
Options Trading? Yes Yes
Options Fee 50 to 75 cents 60 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; ZacksTrader Yes; TradeStation
API Trading? No Yes; TradeStation WebAPI
Mutual Funds: Offered? Yes Yes
Total Mutual Funds Over 12,000 Over 2,000
NTF Mutual Funds Over 4,000 Around 2,000
Non-NTF Fund Fee $27.50 $14.95
Early Redemption Fee? Yes Yes
Redemption Hold (Days) 180 days 60 days
Early Redemption Fee 1% $50
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No Yes
CDs Offered? Yes Yes
Robo-Advisor: Offered No No
Robo-Advisor Service Zacks Advantage none
Robo-Advisor Fees 0.25% to 0.70% not applicable
Basics: Headquarters Chicago, IL Plantation, FL
Year Founded 2014 1982
Clearing Firm Interactive Brokers Pershing LLC
Local Branches? No No
New Account Minimum $0 $0

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