Platform Comparison

Tastytrade vs Zacks Trade

Detailed side-by-side comparison to help you choose the best platform for dividend investing

Higher Rated

Tastytrade

★4.4

The options-focused platform with low contract fees, excellent education, and DRIP support—ideal for dividend investors using covered call strategies.

Full Review

Zacks Trade

★4

A research-focused brokerage with the famous Zacks Rank system and professional-grade tools—but commissions and minimums make it best for active investors.

Full Review

Feature Comparison

Feature	Tastytrade	Zacks Trade
Our Rating	4.4/5	4/5
Trading Commissions	$0	$0.01/share
Account Minimum	N/A	$2,500
Fractional Shares	Yes ($5 min)	N/A
DRIP	Free	Yes
Research Tools	Basic	Good
Best For	Covered Call Writers	Research-Focused Investors

Pros & Cons

Tastytrade

Pros

+ Commission-free stock and ETF trading
+ Low options pricing: $1 to open, $0 to close (capped at $10/leg)
+ Fractional shares available for purchases and DRIP
+ Free dividend reinvestment program
+ Exceptional options education and content

Cons

- Very low 0.01% interest on uninvested cash
- No mutual funds, bonds, or forex trading
- Higher-than-average margin rates
- Steep learning curve for beginners

Zacks Trade

Pros

+ Zacks Premium Research ($249/year value) included free
+ Proprietary Zacks Rank stock rating system
+ Very low per-share commissions ($0.01/share, $1 min)
+ Professional research tools and screeners
+ DRIP available for dividend reinvestment

Cons

- NOT commission-free—$0.01/share ($1 minimum per trade)
- $2,500 account minimum to open
- Higher costs for small, frequent trades
- Platform can be complex for beginners

Which Platform is Right for You?

Choose Tastytrade if you...

Want covered call writers focused features
Prefer a higher-rated overall platform

Choose Zacks Trade if you...

Want research-focused investors focused features
Need automatic dividend reinvestment

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.