Zacks Trade

Zacks Trade is an online brokerage firm that was founded in June 2019 and is based in Chicago, Illinois, USA. The company operates under the legal entity LBMZ Securities Inc, with a registered address at 101 N Wacker Drive, Floor 15, Chicago, IL 60606. Despite employing zero staff members according to official records, the brokerage positions itself as a provider of comprehensive global trading services.

Zacks Trade is not to be confused with Zacks Investment Research (zacks.com), a well-known stock recommendation service. While the two share a brand name, they are separate entities, and the brokerage does not hold any regulatory licences that would subject it to the oversight of financial authorities.

At the time of this review, Zacks Trade has no verified regulatory licences on file. This means the broker operates without oversight from any major financial regulator such as the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), or similar bodies. The absence of regulation is a critical consideration for traders, as it implies that client funds are not protected by investor compensation schemes and that the broker is not bound to meet standardised financial cushion requirements.

Zacks Trade advertises a wide range of instruments, including stocks, exchange-traded funds (ETFs), options, mutual funds, corporate bonds, and government bonds. According to the company, clients gain access to global markets through a partnership with Interactive Brokers, enabling them to trade on over 100 market destinations worldwide. This offering is pitched at investors who seek broad diversification and low-cost international exposure.

The broker provides three main platforms: Zacks Trade Pro, a desktop application designed for active and professional traders; a web-based Client Portal for simplified access; and a mobile app for on-the-go trading. Zacks Trade Pro is highlighted as the flagship platform, featuring advanced charting tools, real-time data, and customisable layouts. The Client Portal and app are intended for investors who prefer a more streamlined experience.

Specific details about account types, minimum deposits, and funding methods are not publicly disclosed by the broker. Available evidence suggests that the onboarding process may involve manual review and requires identity verification. Some user reviews indicate that the broker accepts international transfers, but applications from certain regions have reportedly been suspended. This lack of transparency around account logistics makes it difficult for prospective clients to evaluate the practicalities of opening and maintaining an account.

Zacks Trade claims to offer dedicated customer support via chat and email. However, independent user feedback frequently cites slow responses and unresolved issues. The broker does not appear to provide a comprehensive educational suite or research tools beyond basic platform functionalities, which may leave less experienced traders without sufficient guidance.

Given its product range and platform sophistication, Zacks Trade may appeal to experienced traders who prioritise global market access and low fees. However, the lack of regulation and the numerous withdrawal complaints raised by real users make the brokerage unsuitable for most retail traders, particularly those who are risk-averse or new to investing. Due diligence is essential before committing funds.