Is Zacks Trade available in Canada?

Short Answer

No, Zacks Trade is not available in Canada. Let's explore the list of countries where Zacks Trade platforms offers its services.

Detailed Answer

What is Zacks Trade?

Zacks Trade is an e-trading platform that is a part of LBMZ Securities Incorporated. The platform has been in the business since 1978 and it is most suited for trading gurus who have expert knowledge in financial markets.

For novices in the field, the trading platform provides exposure to financial advisers and broker assisted trades. The platform boasts about its reputed research tools and customer grievance redressal.

Zacks Trade Highlights

  1. The accounts are protected by Securities Investor Protection Corporation.
  1. Secure Socket Layer (SSL) encryption.
  1. Protected login and log offs.
  1. Research subscription to Dow Jones, Morningstar, Seeking Alpha, the motley fool, Thomson Reuters, and Benzinga.
  1. Trading tools such as algos, probability lab, basket trader and rebalance portfolio.
  1. Trading options namely market scanners, options strategy lab, spread trader, and volatility lab.
  1. Wide variety of financial instruments like shares, ETFs, options, crypto, mutual funds, corporate and government bonds.
  1. Competitive pricing.

Trading Platforms available within Zacks Trade

1.** Zacks Trade Pro**, that can be accessed in desktop and is suitable for expert and high-volume traders who engage in options and who require up to date news, technical research and analysis.

  1. Client portal for review of statements and altering account settings.
  1. Handy trader for mobile users.
  1. Trade from your tablet

Is Zacks Trade available in Canada?

No, Zacks Trade is not available in Canada. It is available only in the following list of countries:

  1.  China
  1.  India
  1.  Malaysia
  1.  Singapore
  1.  South Africa
  1.  UAE
  1.  US

The company's website mentions that Canadian and Japanese citizens who reside in any of the above countries can open an account. However, residents of Canada and Japan will not be able to initiate an account due to the rules and regulations in these countries.

Availability of Zacks Trade in Canada

Although Zacks Trade Is yet to have its presence in Canada, there are various other trading platform alternatives offered in the Canadian markets. These are Questrade, Wealthsimple, BMO Investor, Scotia iTrade, CIBC Investor’s Edge, TD Direct Investing, RBC Direct Investing etc.,

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Categories: Stock Market
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