Concurrent with the site redesign, Zacks Trade is also reducing trade costs that are already among the lowest in the industry. Clients can now trade stocks for as little as $3 per trade ($0.01 per share), with option contracts at $0.75 ($3.00 for the first contract) and margin rates at 2.8% or lower depending on balance.
"As an online broker, we don't have brick and mortar locations, so we can keep costs low," said Toledo. "But that also means we need to focus on giving clients the best online experience possible. With the new site, we'll continue to give clients what they want most: low costs, outstanding support, valuable research and cutting edge functionality."
Among the new features is an online calculator, where traders can instantly determine how much they'll save on trading/options commissions and margin rates versus major competitors.
Traders curious about other advantages ZacksTrade offers can find them outlined here.
Clients will also benefit from a greatly expanded knowledge center, with many more features coming in the near future.
"We are truly committed to our clients, and to meeting their investment needs," adds Toledo. "We're looking forward to adding value-added features and continuing to make Zacks Trade the best online trading experience available."
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ZacksTrade is a division of LBMZ Securities, member FINRA and SIPC. LMBZ Securities has been a licensed broker dealer since 1978 and ZacksTrade was launched in 2014. ZacksTrade is an online trading firm that is dedicated to the self-directed traders and investors. Clients can trades stocks, options and more in over 19 different countries all from a single account through robust desktop, tablet, and mobile devices.
Name: Terry Ruffolo
Title: Director Media Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zacks-trade-unveils-updated-web-site-new-ultra-low-pricing-300311170.html
SOURCE Zacks Trade