Accounts and opening requirements
Sections ↑Zacks Trade is LBMZ Securities Inc.’s self-directed brokerage service, with transactions introduced to Interactive Brokers LLC. The public documents currently disagree on the opening minimum: the fee page says US$250, while the relationship summary says US$2,500 with possible waiver. Obtain the account’s accepted requirement before transferring money specifically to qualify.[2][3][1]
Reference table01
Ownership and trading permissions
| Attribute | Ordinary self-directed account | Margin or options permission | Entity account |
|---|---|---|---|
| Who makes the decisions | The client; no ongoing monitoring or personalised recommendation under the relationship summary | The client, with additional product and financial eligibility checks | Authorised persons acting for the accepted legal entitySource 2Source 3 |
| Identification | Name, date of birth, residential address and applicable tax or government identification | Ordinary identity evidence plus the applicable risk and permission documents | Existence, address, identification number and formation, partnership or trust evidence as applicableSource 3 |
| Opening amount | Published US$250 versus US$2,500 document conflict | An opening minimum is not the margin needed for an actual position | No distinct universal entity minimum established in the reviewed public termsSource 1Source 2 |
| Eligibility boundary | This guide concerns the US service; foreign-resident acceptance must be confirmed | Borrowing and options are not automatic consequences of funding | A listed entity-document example does not guarantee that every structure or country is acceptedSource 3Source 2 |
Reference table02
Opening and ongoing verification
| Item | Terms and practical meaning |
|---|---|
| Application completion | The company routes application completion and account management through its executing-broker infrastructure. Keep the application identity consistent with bank and tax documents.Source 4Source 3 |
| Missing evidence | The linked identity disclosure permits refusal of an application or closure of an already opened account when the required identification cannot be verified. Funding alone does not guarantee activation.Source 3 |
| IRA costs | The fee page lists no IRA custodial fee. This price row is not a complete specification of eligible IRA structures, contribution rules or derivative permissions.Source 1 |
Markets, platforms and research access
Sections ↑Reference table03
What the published service establishes
| Item | Terms and practical meaning |
|---|---|
| Securities focus | The site describes stocks, ETFs and options. Its tariff also includes mutual funds and bonds, while the relationship summary uses a narrower exchange-traded description. Confirm access to a particular fund or bond before treating the tariff as an availability list.Source 1Source 2 |
| Desktop | Zacks Trade Pro provides the more detailed desktop interface, with built-in algorithms, scanners and custom views. An analytical feature is not a guarantee of execution quality.Source 4 |
| Portal and mobile | Client Portal handles simple trades, balances, documents, subscriptions and permissions. The mobile application adds on-device order and portfolio management; exact advanced-function parity is not established.Source 4 |
| Research | Provider reports, analyst ratings and the Zacks Rank Trading Tool are decision inputs. The broker’s disclosure does not adopt every external opinion as a personal recommendation.Source 12Source 2 |
Commission schedules and recurring charges
Sections ↑Pricing & charges04
Selected published US transaction charges
| Transaction | Commission | Important scope |
|---|---|---|
| Shares / ETFs above US$1 per share | US$0.01 per share; US$1 minimum | Per transaction; the published wording leaves the exactly-US$1 boundary unclearSource 1 |
| Shares / ETFs below US$1 per share | 1% of trade value; US$1 minimum | Do not substitute the ordinary per-share calculationSource 1 |
| Options | US$1 for the first contract plus US$0.75 for each additional contract | Exchange/regulatory charges and multi-leg treatment need the actual order estimateSource 1 |
| Option exercise / assignment | No exercise/assignment fee in the table | Other resulting-position costs are separateSource 1 |
| Eligible mutual-fund trade | US$27.50 | Published row is scoped to funds above US$1 per share; availability and other charges still applySource 1 |
| Broker-assisted dealing | No extra assistance charge in the listed schedules | The underlying transaction commission remains payableSource 1 |
Reference table05
Account costs and debit interest
| Item | Terms and practical meaning |
|---|---|
| Inactivity | The page lists US$15 per month for accounts below US$25,000 with less than US$15 of monthly commissions. Both conditions matter; the row does not clearly say whether a smaller commission is credited against the full fee.Source 1 |
| Administration | The schedule lists platform access, incoming/outgoing automated account transfers, corporate actions and order cancellation without an extra charge. Product, bank and third-party expenses are separate.Source 1 |
| Displayed margin tiers | The margin page lists annual rates of 8.83%, 8.33%, 8.08% and 7.83% across successive debit bands through US$100,000, US$1 million, US$50 million and above. Bands are incremental, not one low rate for the entire loan.Source 5 |
| Rate qualification | Confirm the actual debit currency, tier and effective rate in the account. A website comparison with other brokers is not proof that the displayed borrowing rate is currently the lowest available.Source 5 |
Order handling, borrowing and disruption procedures
Sections ↑Reference table06
Trading responsibilities
| Item | Terms and practical meaning |
|---|---|
| Execution relationship | LBMZ introduces the account; Interactive Brokers performs executing and clearing functions. A service statement about LBMZ is not automatically a statement about every execution venue or intermediary.Source 3Source 2 |
| Order-flow payments | The linked annual disclosure says LBMZ does not receive payment for directing equity orders. That is not evidence that no executing-broker rebate or routing arrangement exists elsewhere in the chain.Source 3 |
| Borrowing exposure | Margin may involve additional collateral demands and losses exceeding the original investment. Neither SIPC membership nor a zero assistance supplement limits a leveraged market loss.Source 5Source 6 |
| Uncertain execution | The portal and app show orders and executions. Verify an uncertain instruction before sending a replacement; a missing notification should be investigated rather than interpreted as cancellation.Source 4Source 10 |
| Disruption contacts | The linked continuity disclosure identifies +1 312 265 9406 and a secondary +1 312 630 9880. Its six-hour recovery objective is conditional and appears in the September 2022 disclosure, not a guaranteed current service-level agreement.Source 3 |
Withdrawals, transfers and available money
Sections ↑Reference table07
Money-movement terms
| Item | Terms and practical meaning |
|---|---|
| Withdrawal charges | One withdrawal per month is free in the tariff. Subsequent payments in that month are US$1 by ACH, US$4 by cheque or US$10 by wire. A fee allowance does not shorten clearance or security holds.Source 1 |
| Incoming or outgoing securities | Automated customer-account transfers are listed as free by Zacks Trade. Confirm the destination and instrument acceptance; the other institution may impose its own charge.Source 1 |
| Method-specific hold | A current Zacks-specific primary schedule for every ACH, cheque and destination-change hold was not recovered. Do not plan a deadline from a third-party review’s hold figure without checking the account’s funding notice.Source 11Source 4 |
| Foreign currency | Fees, security value and withdrawable cash are different measures. The public material reviewed does not establish automatic conversion or a universal FX-spread tariff for every balance. The account’s cash and debit records govern.Source 2Source 4 |
| Research-tool qualification | The Rank Trading Tool is listed as free with a US$250 account balance or qualifying initial deposit. Access to research is a service entitlement, not a cash bonus that can be withdrawn.Source 1 |
Firm identification, SIPC and secure access
Sections ↑Reference table08
Protection and its limits
| Item | Terms and practical meaning |
|---|---|
| Official identity record | FINRA’s indexed BrokerCheck record identifies LBMZ Securities Inc., CRD 7874, with SEC number 8-23266 and the Zacks Trade name. The linked full record is the route for checking permissions and disclosure details.Source 7 |
| Firm failure | SIPC’s ordinary limit is US$500,000, including up to US$250,000 of eligible cash for securities transactions. A qualifying claim and missing property following member failure are required.Source 9 |
| Not a trading guarantee | Market losses and promises of investment performance are not covered. Cash used for securities can be denominated in a foreign currency, but that does not make speculative FX transactions SIPC-protected.Source 8 |
| Product exclusions | Ordinary commodity futures are outside SIPC’s securities protection; the specified special portfolio-margin exception is not a general futures-account insurance policy.Source 8 |
| Login security | The broker describes two-factor access and automatic session logout. Device recovery and sensitive account changes should be handled through the official support route, not by sharing one-time codes with third parties.Source 6Source 11 |
Customer service and account records
Sections ↑Official contact routes
Client servicesTelephone
+1 312 265 9406Source 11
Scope Published contact; no response-time or execution-service test was performed.
Hours Weekdays, 09:00–18:00 Eastern Time; excluding market holidays
Official contact and help informationWebsite
Reference table09
Contact and reporting
| Item | Terms and practical meaning |
|---|---|
| Service hours | Monday–Friday 09:00–18:00 Eastern Time, excluding exchange holidays; +1 312 265 9406 or +1 888 979 2257. Published hours are not measured response times.Source 11 |
| Statements | The relationship summary describes electronic quarterly statements supplied by the executing broker and online access, rather than mailed statements. Client Portal is the document and account-settings entry point.Source 2Source 4 |
| Records and errors | Retain trade confirmations and statements. SIPC advises promptly reporting missing or incorrect records in writing and keeping the correspondence. This is general protection guidance, not an allegation against the broker.Source 10 |
| Complaint escalation | The linked disclosure directs service complaints to LBMZ’s Chief Compliance Officer at 101 N Wacker Drive, Floor 15, Chicago, IL 60606. Use a traceable written complaint and the current official contact details.Source 3 |
Research, automation and account authority
Sections ↑Reference table10
Optional functions
| Item | Terms and practical meaning |
|---|---|
| Built-in algorithms | The desktop application includes algorithmic tools and scanners. Availability does not establish that an outside bot, API client or adviser has been authorised to trade this particular account.Source 4 |
| External authority | No current Zacks-specific public API-permission or copied-position exit contract was established. Confirm connection scope, revocation and working-order treatment before using an external service.Source 4Source 11 |
| No monitoring service | A research subscription or a ranking output does not replace the self-directed relationship described in the CRS. No autonomous AI trading authority is claimed on this evidence.Source 12Source 2 |
| Stopping use | The inactivity tariff is separate from account closure. Cancel unnecessary subscriptions and retain records when leaving; the reviewed public material does not establish a universal automatic deactivation interval.Source 1Source 4 |
Company relationship and document dates
Sections ↑Reference table11
Evidence boundaries
| Item | Terms and practical meaning |
|---|---|
| Brokerage entity | Zacks Trade is a division of LBMZ Securities Inc.; it is not simply another name for the separate research publisher or for Interactive Brokers.Source 7Source 2Source 3 |
| Clearing relationship | The linked annual disclosure identifies Interactive Brokers LLC as the fully disclosed executing/clearing relationship. The customer’s accepted account documents define the actual arrangement.Source 3 |
| Current page versus older disclosure | The fee guide remains marked as being updated and conflicts with the CRS minimum. The annual disclosure is still headed September 2022. These dates and disagreements must remain visible rather than being restamped as newly issued terms.Source 1Source 2Source 3 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
LBMZ Securities Inc.
No separate licence entry is recorded in this panel.
Interactive Brokers LLC
United StatesSource 3
No separate licence entry is recorded in this panel.
Sources & further reading
- Commissions, opening minimum and additional account charges Zacks Trade · Accessed 13 Oct 2026
- Customer Relationship Summary: services, monitoring and minimums Zacks Trade · Accessed 13 Oct 2026
- Account disclosures, identity evidence and continuity plan Zacks Trade · Accessed 13 Oct 2026
- Desktop, portal and mobile functions Zacks Trade · Accessed 13 Oct 2026
- Published margin-rate tiers Zacks Trade · Accessed 13 Oct 2026
- Security and account-protection disclosure Zacks Trade · Accessed 13 Oct 2026
- LBMZ Securities Inc. official BrokerCheck record FINRA · Accessed 13 Oct 2026
- SIPC coverage, eligible cash and excluded instruments Securities Investor Protection Corporation · Accessed 13 Oct 2026
- SIPC protection limit and firm-failure trigger Securities Investor Protection Corporation · Accessed 13 Oct 2026
- Why trade and account-record discrepancies should be reported in writing Securities Investor Protection Corporation · Accessed 13 Oct 2026
- Customer support hours and contact details Zacks Trade · Accessed 13 Oct 2026
- Research access and provider distinctions Zacks Trade · Accessed 13 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.