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

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 2026.

Head-to-Head Comparison: ZacksTrade vs Tradestation (2026)
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); 1% of trade value below $1/share $0; routing/clearing fees may apply
Fractional Shares? No No
Percent Allocations? Yes; Rebalance Portfolio No
Crypto Trading? No Yes
Crypto Fees Not applicable Tiered maker/taker pricing based on account balance
Options Trading? Yes Yes
Options Fee $1 for first contract + $0.75 per additional $0.80/contract standard tier; $0.40/contract multi-leg
Bond Trading Available? Yes; corporate and government bonds Yes; Treasuries, corporate, and municipal bonds
Receives payment for order flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; Zacks Trade Pro/Client Portal/app Yes; TradeStation Desktop/Web/Mobile
API Trading? No Yes; TradeStation WebAPI and FIX APIs
Mutual Funds: Offered? Yes Yes
Total Mutual Funds Not publicly stated Over 2,000
NTF Mutual Funds Not publicly stated Not publicly stated
Non-NTF Fund Fee $27.50 $14.95
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, and Rollover Yes; Traditional, Roth, SEP, SIMPLE, 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 Chicago, IL Plantation, FL
Year Founded 2013 1982
Clearing Firm Interactive Brokers LLC TradeStation Securities, Inc. (self-clearing)
Local Branches? No; online broker No; corporate offices only
New Account Minimum $0

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