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Zacks Trade Review (2022): Is It Worth It?

By: Hope
By: Hope
Welcome to my Zack's Trade review. My goal is to answer common questions like: how much it costs, if it's a scam, & if you can actually make money with it. The end goal is to help you understand if it's a good fit for you personally, and if there are any better alternatives out there.
Zacks Trade Review

Disclaimer:

This Zack’s Trade review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

What I Liked

What I Didn't Like

Before we get into it... who am i?

Always good to put a name to a face, so firstly, my name is Hope!

Like you, I was stuck working 8-10 hour days building someone else’s dream.

I worked at one of those cool tech companies that has omelet stations for breakfast & craft beer on tap for after hours.

To a lot of people that’s a dream, but to me… something was missing.

All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

That was until a few years ago when I discovered a way to make money online by actually helping real people. 

People in this case were local business owners across the US.

Me and My Puppy

The page above is an example of how I do it. That one-page site generates $1,500/mo and I haven’t even touched it since it was put up.

That’s an $18,000/year raise from just one page.

That’s why local lead generation is my #1 business recommendation for recurring, semi-passive income. If you want to learn about that business model, click here.

Important: I am not an affiliate

for Zack's Trade

Why Does That Matter?

A lot of course reviewers have no experience with any of the business models or programs they review, and so they’re just making stuff up.

They do that because they want you to click through their link to buy from the person that the review is about!

They have no clue what it’s actually like to run the type of business Zack’s Trade is teaching you to do.
I have absolutely no relationship with Zack’s Trade, so you can rest easy knowing that I’m going to give you my honest opinion
This review is written based on my own experiences with stock trading.

All that being said, let’s jump into things.

One of those online money-making businesses that sells a clapped-out membership that claims to earn you money by betting on pump and dump stock/crypto guys is the focus of this one.

But hey, if you wanna risk throwing your life savings away on something good ol’ Elon could screw up with tweet…

Then hey, by all means, don’t let me stop you from creating another screw-up your parents give you shit about.

It’s supposed to show you how to become a 6-figure day trader…but it’s truly out of reach for most people like you, constrained by budgets and student loans.

That’s just the truth…you won’t get rich by chasing the next hot trend on Reddit.

If you want to really get rich online, (at an average of $1,500 per sale PER MONTH), check out my #1 recommendation here.

And while I have to be honest for this review…

If you’re like most of my readers, you came across Zacks Trade for one main reason:

You want to make more money than you currently make, ideally by leveraging your existing resources.

Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or even decades for it to double.

Well, you’re in good company – who wouldn’t want all of that?

You need to watch out for one thing: legitimate scammers.

The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.

But for the sake of this review, let’s assume these people had the best of intentions.

Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…

Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…

But if you mess up and miss a trade even one time, your month can quickly turn sour.

Suffice to say; there’s a whole lot of stress & uncertainty.

Don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.

But what if you could build a different income stream, and start seeing profits within your first few days?

I’m talking about a system that doesn’t require:

  • Obsessively checking your phone and charts
  • The emotional turmoil of loss after loss, waiting for that win
  • Glorified gambling

Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?

A stream of income that you can build as high (or low) as you feel like building it without spending every waking hour watching for alerts and pouring over charts?

If that sounds interesting, you might want to think about becoming a Digital Landlord.

If you wanna see what Zacks Trade looks like on the inside, keep reading.

What Is Zacks Trade?

Zacks Trade Online Brokerage Business

Chicago-based online brokerage business Zacks Trade offers an advanced trading platform for both long-term investors and short-term traders.

Well recognized in the investment industry for his efforts in ultra-detailed investment reports, Len Zacks is the genius behind Zacks Trade.

He was the author of the controversial paper that first showcased his genius in predicting stock movements.

And because of this, the ZIR or Zacks Investment Research was created and has been in operation for over 30 years now and is North America’s 2nd largest equity research company, together with its broker/dealer arm, LBMZ securities.

Zacks Trade is also managing over $5 billion worth of assets.

Zacks Trading is unique in that, like many other investing sites, it provides the opportunity to buy stocks and shares, but what really amplifies it is the access you get to two extremely elaborate and in-depth platforms from which you can make more risky transactions.

Who Is Zacks Trade Good For?

Who Is Zacks Trade Good For

Zacks Trade is geared for more seasoned investors.

Zacks Trading is highly recommended if you are someone who has big investment dollars, knows how to trade at high speed, and needs access to various forms of investments in numerous countries.

Who Isn’t Zacks Trade Good For?

Who Zacks Trade Is Not Good For

Beginners should stay away from it since it is easy to lose money. This is not a place for new traders to learn the ropes.

If you don’t know how to play it, margin investing, trading options, and playing with international currencies or in foreign markets can become a risky game.

What Do Zacks Ratings Mean?

From 1 to 5, “Strong Sell” or “Strong Buy,” the Zacks Rank gives investors a short-term (1 to 3 months) stock recommendation. Zacks ranks around 4,400 companies daily based on analyst earnings estimates.

Is Zacks A Good Rank?

Is Zacks A Good Rank

For more than a quarter of a century, the S&P 500 has doubled in value, rising an average of +24.77 percent annually. These results cover the period beginning on January 1st, 1988, and ending on November 30th, 2020.

The Zacks Rank is a valuable tool that lets you trade independently irrespective of how you trade or tolerate risks.

How Good Is It?

Zacks Rank may be better recognized for Zacks Rank, a rating system based on the belief that the S&P 500 would outperform companies with growing earnings projections.

It also has Mutual Funds and ETFs rating schemes. The S&P 500 has more than doubled in more than 25 years, according to Zacks.

What Does Zacks Strong Buy Mean?

Zacks Strong Buy Stocks

Stock grading systems such as Zacks Rank are among the most reliable today. A +24.77 percent yearly return average has been generated since 1998.

It’s over twice the S&P 500, giving you a broad selection of the 800 highest-rated stocks to choose from.

How Do I Cancel My Zacks Free Trial?

How Do I Cancel My Zacks Free Trial

You may unsubscribe from Zacks Trade’s marketing offers by calling 1-800-767-3771 ext. 9339 or sending an email to support@zacks.com.

If you apply to the Zacks Premium subscription program, you will be included in their internal email and postal campaign lists.

How Do I Cancel My Zacks Subscription?

Subscription choices may be changed by visiting www.zacks.com and entering your email address.

A new tab will appear that helps you to subscribe to email updates and newsletters or unsubscribe from them.

What Are Zacks Trade Offers?

What Are Zacks Trade Offers

While Interactive Brokers also offers similar services, Zacks charges a little higher fee for a better customer experience, such as free broker-assisted transactions.

Zacks is a decent fit for individuals who are reasonably savvy, committed buyers but are not yet able to go totally solo and may like their online trades to have a little hand-holding and/or a contingency strategy.

Which Is Better: Zacks Trade Or TradeStation?

Mutual Funds Better In TradeStation

Equities trading may be done using one of these two methods. TradeStation provides flat-rate pricing, while both companies offer per-share pricing.

I recommend either broker if you’re interested in opening an IRA.

If you’re a newbie, I recommend Zacks Trade because of their customer service is better.

For mutual funds, opt for TradeStation. TradeStation’s transaction fee is smaller at $14.95 than Zacks’ at $27.50.

If you’re into buy and hold, it’s okay to choose either.

Does Zacks Trade Charge For Broker-Assisted Trades?

Zacks Trade An Online Broker

Zacks Trade is an online broker that provides penny-per-share trades and a comprehensive trading platform for both active traders and investors. Zacks Trade does not charge extra for broker-assisted trades, which is uncommon with other brokers. So if you need help making a deal, Zacks Trade may be a smart option for you.

How Many Trades Can A Day Trader Make?

How Many Trades Can A Day Trader Make

If in a rolling five business day cycle, a trader makes four or more day trades, the account will automatically be classified as a “Pattern Day Trade” account. As per the account equity, certain limits would then be applied.

Yeah, that sounds like a dick policy, and if you’re gonna put in the amount of grueling work to become a day trader (which, trust me, isn’t easy), you might as well bring in some REAL money.

The program that helped skyrocket my online business to $40,000+ per month teaches some of the affiliate marketing skills, but shows you how to monetize them in a much, MUCH more profitable way.

How Zacks Trade Works

How Zacks Trade Works

Since Zacks Trade is a brokerage firm, they help you buy many kinds of securities. But, where it varies from most brokers is how this is achieved.

Zacks Trade has three separate platforms that you can use when investing, which I will discuss later. One is very simple and mostly not used, but the other two are solid and have a comprehensive range of tools that few other programs have.

The way Zacks Trade positions itself on the market is to attract buyers who have money to spend, are able to borrow on margin, and who are frequent traders.

The processes and prices involved are both consistent with this principle.

Zacks Trade Details And Features

Zacks Trade Details And Features

Client Portal

Zack Trade’s Client Portal is where subscribers manage their account. Via this portal, they make it easier to set up, track, and handle all the necessary facets of your account and portfolio.

In the Client Portal, below are some of the things you can do:

  • Facilitate quick trades via Account Management
  • Have access to trade confirmations and statements
  • Find tax documentation
  • Allow deposits to your portfolio and withdrawals
  • Set up account transfers from other brokerage firms
  • Adjust your settings for encryption and your password
  • Issue a protected login card to provide extra security to the account
  • Adjust permissions for accounts
  • Add other services and goods, such as margin and options privileges
  • Regularly analyze your Zacks Trade portfolio
  • Facilitate easy downloading, presentation, and viewing by producing PDF reports
  • Identify how the distribution of your assets affects the efficiency of your portfolio relative to the performance of the S&P 500 Index

This isn’t the forum to use if your objective is to make more sophisticated transactions, dive through your margin buffer, or see an option chain. But you will find that its basic features are pretty helpful.

Traders manage their account. Via this portal, they make it easier to set up, track, and handle all the necessary facets of your account and portfolio.

In the Client Portal, below are some of the things you can do:

  • Facilitate quick trades via Account Management
  • Have access to trade confirmations and statements
  • Find tax documentation
  • Allow deposits to your portfolio and withdrawals
  • Set up account transfers from other brokerage firms
  • Adjust your settings for encryption and your password
  • Issue a protected login card to provide extra security to the account
  • Adjust permissions for accounts
  • Add other services and goods, such as margin and options privileges
  • Regularly analyze your Zacks Trade portfolio
  • Facilitate easy downloading, presentation, and viewing by producing PDF reports
  • Identify how the distribution of your assets affects the efficiency of your portfolio relative to the performance of the S&P 500 Index

This isn’t the forum to use if your objective is to make more sophisticated transactions, dive through your margin buffer, or see an option chain. But you will find that its basic features are pretty helpful.

Exploring The Client Portal:

When you sign into the Client Portal, this is where you go to.

You won’t find a lot of features or tools here. It is designed for making simple trades, accessing your documents or gather account info, checking your balances, and just generally managing your account.

However, The Tax Optimizer seems good.

The Tax Optimizer enables you to measure the impact of your profit/loss on the tax lot matching methods you’ve chosen, change it quickly, and immediately show the alternative tax lot matching method’s potential profit/loss effect, and match specific lots manually.

Zacks Trader

Zacks Trader

Zacks Trader has a few different tabs that are worth remembering and will help you during the day when you trade actively:

Market. The Market is where you can build a watchlist of assets such as stocks and currencies that you want to monitor. It provides you a default list which you can change according to your preference.

Account. The Account tab in Zacks Trader provides you a one-stop rundown of where your trading situation lies when you use the Customer Site for account management.

Your purchasing power or how much money you have to trade and your maintenance margin or the minimum amount to maintain a margin account are the two key items you’ll find useful here.

Options. Designed for options trading, this tab will enable you to build a chain of options for any asset listed. For options traders, an option chain displays the calls, puts, strike rates, and other information on pricing in one view.

This is rather complicated, so before you get into it, read and review it first.

Products. This tab just shows you a graph of the stock trend for a given period of time.

Market Pulse. The Market Pulse tab is where you can have a high-level glimpse at the performance of markets across the globe.

To give you a brief look at market performance, it uses a clear red and green bar chart, but if you want more solid knowledge for individual stocks or indexes, you will need to dig deeper manually.

Additional Features

Additional Features

Orders and Execution. On more than 90 markets across the world, you can make trades on bonds, warrants, stocks, and more. With a single click on the Bid or Ask price, the app enables you to build orders, or create more advanced one using the Order Management Screen.

Based on predefined tactics, you can either create spread orders, or customize your strategies.

Market Statistics and Charts. You can conveniently add tickets with Zacks Trader to view streaming market data and use dynamic charts for each of seven cycles to view the market valuation and volume for a particular stock or index.

News and Fundamentals. With this feature, you can view security-specific fundamentals for any company, which includes news, profile, financials, charts, insider trading information, analyst data and SEC filings.

Customization. With its modular design, this added feature helps you tailor fit trading platforms and tools to suit your preference.

Zacks Trade Pro

Zacks Trade Pro

Zacks Trade Pro is what Zacks Trade views as its flagship trading program. Zacks Trade Pro is downloadable software available for Windows, Mac, and Linux.

It gives an ultra-efficient workspace that allows you to put everything that you need at your fingertips. In over 19 countries, all from a single account, you can make trades on stocks, options, funds, and bonds.

And when you have a Zacks Trading account, it’s absolutely free.

Key Features

Customizable. You can tailor-fit your settings to suit your style preferences as basic or complex as you want.

Watch Lists. You can create several watch lists for whichever type of security you choose. And you can configure these lists to display whatever data is important to you.

Account Summary. See your portfolio’s market valuation, how many you have to buy or sell, margin balances, if any, and any related account data you will need for day trading.

Real-Time Alerts. You can customize real-time updates according to time, price, volume, and margin, which give you notifications for any important changes in the market. This is a required function for day traders.

Order Overview. Easily access all open and filled orders and, where appropriate, adjust current orders.

Options Trading. Zacks Trade Pro makes trading options fast. Its Strategy Builder tool enables you to make spread orders or multi-legged option orders. Finally, to control option orders all from a single screen, you can use option tools such as Options Trader, Spread Trader, and Rollover Options.

Charting & Technical Analysis. By selecting from more than 120 configurable technical metrics, you can create different customized charts inside the layout. Another good benefit is that you can facilitate direct trades from the chart.

Additional Tools

Additional Tools

There are extra trading tools in Zacks Trade Pro that will make the trading even much easier for you. Here they are:

Algos. Algos of Zacks Trade Pro Stock with Percentage of Volume Strategy, Arrival Price, VWAP, and TWAP.

Basket Trader. Baskets of stock orders can be imported and easily executed within ZacksTrade Pro.

Market Scanners. Depending on the criteria you specify, you can screen stocks, bonds, mutual funds, etc.

Options Strategy Lab. Key in your volatility prediction or price for the underlying stock and access a list of strategies that are potentially lucrative.

Probability Lab. Provides simple options probability and adjusts on the basis of your predictions.

Volatility Lab. A detailed volatility toolkit that offers an image of past and future readings for your analysis.

Rebalance Portfolio. Rebalances the entire portfolio efficiently and conveniently depending on your financial priorities and risk tolerances.

SpreadTrader. Quickly and easily creates and handles complicated option orders, including reversing or closing spread positions.

Synchronization & Mobile Support

Synchronization And Mobile Support

Zacks Trade provides both tablets and mobile with an app called Handy Trader that’s compatible with both iOS and Android. This helps you trade anywhere, anytime, with your mobile device.

Below are some of the features:

  • Using their Secure Login System, you can protect your account. This requires you to log into your account using their digital security application or physical device.
  • Displays quotations and charts that are real-time.
  • Facilitates trading on stocks, bonds, mutual funds, and options across the globe.
  • Displays overdue market data for tickers which are not subscribed.
  • With its SmartRoutingTM technology, all or part of your orders is routed in search of the best price.
  • Have access to pertinent company data and displays independent analyst reports, which you can also see on your desktop.
  • Easily pulls out trad reports, account information, and portfolio.
  • Sets notifications for rates and also email alerts.
  • Without logging back in, you can reconnect and take a call.

Security

Secure Your Log In

Zacks Trade places heavy emphasis on protection/ security. You need to set up a secure login as with any brokerage account.

But with Zacks Trade, there’s another extra layer of security.

Just a step more, Zacks Trade makes it. You will get another security code that creates a secure, unique number that must also be entered every time you log in. They have the HandKey app that you can use if you don’t have a physical card.

Moreover, Account Insurance Protection comes with your Zacks Trading account. Your accounts are secured by the Securities Investor Protection Corporation (“SIPC”) for a maximum of $500,000-coverage together with a $250,000-cash sub-limit.

You are also subject to the excess SIPC policy of the clearing firm for up to an additional $30 million (with a $900,000-cash sub-limit) under an aggregate limit of $150 million.

Additional Security Features

Additional Security Features

Secure Socket Layer (SSL) Encryption. Zacks Trade uses 128-bit SSL encryption to secure the link when logging in.

Login Cap. You can limit access to unique IP addresses in your Zacks Trade account, making your link extremely secure.

Security Monitoring. Zacks Trade has a security unit that uses what they call state-of-the-art monitoring tools to monitor accounts for irregular activities.

They’ll email you directly if they find anything suspicious. If you believe something on your account has been compromised, you can also contact their security staff.

Automatic Logoff. You will be automatically logged out for safety after your account has been inactive for a certain period of time.

Failed Login Attempts. Your account will be locked for protection if you fail to enter the correct username and password after a certain number of attempts.

By contacting customer support, you can get it unlocked; this may seem frustrating, but it helps secure your account from hackers.

Customer Support

Customer Support

Zacks Trade boasts of their excellent customer support team that’s available from Monday until Friday, at 9 AM to 6 PM EST, closed on market holidays and weekends.

Or Zacks Trade can be reached via Facebook and Twitter, including email.

In most of the Zacks Trade reviews I’ve encountered, many are saying how responsive their customer service is.

Zacks Trade Pricing

Zacks Trade has no account fees of any sort, but in order to open an account, you would require a minimum deposit of $2,500.

However, at this point, I’m sure you realize there are much better programs out there that can help you make A LOT more money.

But here are some of the rates you should know about trading:

Stocks, ETFs, And Options

Stocks ETFs And Options

Stocks and ETFs (Greater than $1 per share): $0.01 per share (with a $1 minimum)

Stocks and ETFs (Less than $1 per share): 1% of Trade Value (with a $1 minimum)

Options $1 for First Contract (+ $0.75 per additional)

Options Exercise/ Assignment Fee: Free

Broker Assisted Trades: No extra charge

Currency Conversion to USD: $2.00 – $2.50 Estimate

Mutual Funds

Mutual Fund Trades (Greater than $1 per share): $27.50

Broker Assisted Trades: Free

Corporate Bonds

Up to 10,000 Face Value: 0.1% * Face Value (+ $3 per bond)

Remaining Face Value: $0.025% * Face Value (+ $3 per bond)

Broker Assisted Trades: Free

Government Bonds

Up to $1 Million Face Value: 0.025% * Face Value (+ $3 per bond)

Remaining Face Value: 0.005% * Face Value (+ $3 per bond)

Broker Assisted Trades: Free

Other North America

Canada (Greater than $1 CAD per share): $0.02 CAD per share ($4.50 CAD minimum)

Canada (Less than $1 CAD per share): 1% of Trade Value CAD ($4.50 CAD minimum)

Mexico: 0.3% of Trade Value MXN (180 MXN minimum)

Broker Assisted Trades: Free

Currency Conversion from USD: $2.00 – $2.50 Estimate

Europe

Austria, Belgium, France, Germany, Italy, Netherlands, Portugal, and Spain: 0.3% of Trade Value EUR (minimum of 12 EUR)

Norway: 0.1% of Trade Value NOK (minimum of 150 NOK )

Sweden: 1% of Trade Value SEK (minimum of100 SEK)

United Kingdom: 0.3% of Trade Value GPB (minimum of 12 GPB)

Broker Assisted Trades: Free

Currency Conversion from USD: $2.00 – $2.50 Estimate

Asia

Hong Kong0.3% of Trade Value HKD (minimum of 120 HKD)

Japan0.3% of Trade Value JPY (minimum of 1200 JPY)

Singapore0.3% of Trade Value SGD (minimum of 20 SGD)

Broker Assisted Trades: Free

Currency Conversion to USD: $2.00 – $2.50 Estimate

Australia: 0.3% of Trade Value AUD (minimum of 16 AUD)

Broker Assisted Trades: Free

Currency Conversion to USD: $2.00 – $2.50 Estimate

Australia

Zacks Trade Compared

Ameritrade Competitor Of Zacks Trade

Zacks Exchange is one of a kind because it doesn’t have a lot of competition. Interactive Brokers is the only broker that comes nearest. Currently, Zacks Exchange utilizes the trading platform of Interactive Traders; that’s why they kinda look nearly similar. The biggest distinction is that it’s a little cheaper than Zacks Trade but doesn’t provide live broker assistance.

You are on your own with Interactive Brokers. This means you need to be an experienced trader and know precisely its ins and outs.

Because there’s someone “live” to support me with trading as an added benefit, I would go for Zacks Trade.

Zacks Trade’s other rivals include brokers such as:

Some of the other competitors of Zacks Trade include brokers like:

  • TD Ameritrade
  • Fidelity
  • Charles Schwab
  • Vanguard

These brokers are not designed for day trading. They, however, provide favorable rates and layouts that are more visually appealing.

If you are someone who does not prefer the “extras” that Zacks Trade offers, then these would be a likely option for you.

Zacks Trade would claim that they’re still cheaper. They have done a comparative calculation to prove that you’re going to save money with Zacks Trade.

Pros & Cons

Pros & Cons

Pros

Zacks Trade Has Low Trading Cost. Zacks Trade provides some of the cheapest deals for trading if you’re a high-volume investor. Their fees are still very favorable for foreign trade.

Trade On International Markets. You seldom see a platform that helps you trade securities in over 90 different exchanges in 19 countries worldwide. Zacks Trade is doing it.

Customization. You can configure ZacksTrader and ZacksTrader Pro to look and sound the way you want. This is an outstanding feature for an active trader because the info you need is readily available.

Top-Tier Research. Zacks Trade offers extremely in-depth market analysis with top-notch research. You get to access 26 distinct types of research. Although you will have to pay extra for additional 87 premium reports, you can utilize some of the industry’s finest research right inside the platform.

Trading Options. Zacks Trade lets you trade stocks, currencies, bonds, and ETFs on their platform. Note that all these can also be done in various countries, which pretty much multiplies the range.

Access To A Live Broker. You can work with a live broker to make free trades with you.

Cons

Slow Loading Time. The platform and website are slow.

Inferior User Experience: Substandard and outdated user experience.

For Expert Traders Only. To make sense of the controls and data available, you need to be a very seasoned trader.

Alternatives: What Are The Best Online Brokers And How To Know If They’re For You?

Alternatives

They’re quite unique in terms of features and software. On top of this, there isn’t much competition. The one that comes closest is Interactive Brokers or IB, as its features are inclined toward day traders and offer more competitive rates or pricing options.

In fact, Zacks Trade uses the trading platform of IB but offers a more personal touch. You’re on your own with IB.

The more commonly known ones like TD Ameritrade, Vanguard, Charles Schwab, ETRADE, and Fidelity are other rivals that offer a little less. They do not provide similar trading features found in Zacks trade, but they’re pretty decent for novice traders or those who do not require advanced research or tools for trading.

Is Zacks Worth Paying For?

Is It Worth it

The biggest question for many current Zacks Trade users who rely on the research and recommendations of the platform may be whether it’s worth the money to upgrade to a Premium subscription.

In the end, it’s about what you need from a stock recommendation platform. But keep in mind that the highly actionable tools that add value in trading are the premium screens, Earnings ESP filters, and style scores.

They can easily pay the $249 annual subscription fee if you plan to use these tools for medium-term trading. But note that with a free account, the premium screens can be recreated to some extent, and at least one selection from the #1 Rank List is made public by Zacks every day.

Basically, at the end of the day, the business model they teach is DEFINITELY not worth it; just too much risk.

But it is entirely possible to build a profitable, successful online business.

My #1 pick proves this. And unlike Zacks Trade, it actually provides real proof of real success from real people as recently as a few days ago.

Is Zacks Trade Legit?

Is Zacks Trade Legit

Yes, Zacks Trade is legit.

It has a long track record and is overseen by top-tier regulators via LBMZ securities, and prestigious US authorities — the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) — oversee the company’s operations.

If something goes wrong, up to $500,000 in securities and cash will be returned to your investments. In addition, Zacks Trade offers other insurance coverage via private insurance companies to ensure your account’s safety.

Is Zacks Trade A Scam?

Is Zacks Trade A Scam

Alright, time for the $1,000,000 question: is Zacks Trade a scam?

No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Len Zacks wants you to think it is.

You need to understand that you are taking a very big risk with financial products.

So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful that it might just shave a decade off your life… IF you even get there.

A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the great numbers they use in their ads & landing pages are borderline false.

They conveniently leave out the dozens of losing bets and trades that came before the big win you’re reading about.

Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.

I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).

And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).

You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.

All you need is a laptop and an internet connection.

Some of my friends are Digital Landlords that run their 6-figure businesses from:

  • Camping trips at national parks
  • Beachfront in Hawaii
  • On the road in a camper van (with a pet pig!)

They focus on living an enjoyable life first and focus on income second. All thanks to this program

They can take weeks or months off, and money keeps rolling in.

Living happily is their top priority.

If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!

In Conclusion

In Conclusion

The main thing about this platform is that Zacks Trade is not for rookies.

It’s a broker perfect for professionals who are frequent and active traders. The platform’s visuals are outdated, not to mention slow loading time.

Though this is terrible, the data and analytics you will find here are gold! What’s more, you can have free access to a live broker – something that’s really helpful in mastering the ins and outs of the software.

I would strongly recommend looking into Zacks Trade if you trade at high volumes, trade frequently, or trade large amounts of money in one go.

If you are into margin trading, trading options and currencies, and trading on global markets, you will also find the platform most suitable for you.

But if you’re just beginning to trade, then this platform is not the best fit for you. This is designed to cater to experienced investors and traders.

Zacks Trade, as I’ve mentioned earlier, is like how Interactive Brokers or IB functions with a similar mobile app and platform. Zacks Trade is a bit more expensive because of excellent customer service and free broker-assisted trades.

What Is My Top Recommendation For Making Money Online In 2022?

Make Money Online Thru Digital Landlord

I’ve personally tried all of the major online business models:

  • I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet bowl putting green on Shopify (pic below)
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.

Whether you’re a complete newbie or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.

Why?

1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there every day.

2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.

The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you really have zero control over?

When you’re a Digital Landlord, you literally own all assets, which means you have ultimate control.

3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income in the markets, you would need to make twice as many winning trades or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.

But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other programs like Zacks Trade, which might make you money if you luck out.

You could keep researching and researching for the next few months (or a few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

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