The minimum deposit required to open a new account with Zacks Trade is $250.
When you establish a new trading account with Zacks Trade, an initial deposit of at least $250 is necessary. This minimum amount not only gets your account started but also grants you immediate access to valuable trading tools, such as the Zacks Rank Trading Tool (ZRTT), provided your account balance remains at or above $250.
Understanding Zacks Trade Account Requirements
Zacks Trade aims to provide a robust trading environment while maintaining accessible entry points for investors. The $250 minimum deposit is a straightforward requirement for all new accounts.
Here's a breakdown of key financial requirements and associated fees for Zacks Trade accounts:
| Requirement/Fee | Details |
|---|---|
| Minimum Initial Deposit | $250 for all new accounts. |
| Inactivity Fee | $15 per month for accounts under $25,000 that generate less than $15 in commission fees each month. |
| Zacks Rank Trading Tool (ZRTT) | Free access is provided with an initial account deposit of at least $250 or if your account balance is maintained at $250 or more. |
Important Considerations for Traders
- Account Maintenance: To avoid potential inactivity fees, it's crucial for traders with account balances under $25,000 to ensure they generate at least $15 in commission fees monthly. If trading activity is low, an inactivity fee of $15 may be applied.
- Tool Access: The $250 minimum initial deposit also secures your access to the ZRTT, a proprietary tool designed to assist with trading decisions based on Zacks' research. This tool remains free as long as your account balance meets the $250 threshold.
Understanding these minimums and fee structures helps traders effectively manage their Zacks Trade accounts and take full advantage of the platform's features.
