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- Stocks and ETFs: $4.95
- Stocks and ETFs priced under $1: $6.95
- Stocks and ETFs broker assisted: $19.95
- Options: $4.95 plus $0.65 per contract
- Options exercises and assignments: $4.95
- Mutual Funds: $10
- Forex: spreads as low as 1-2 pips for most major currency pairs
- Bonds: $4.50 per bond, with $22.50 minimum per transaction
- Treasury: $24.50 per transaction
- Investments: stocks, mutual funds, options, Forex, Bonds, Treasury bonds, ETFs
- Minimum to open Zecco account: $0
- All Zecco fees
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- Stocks and ETFs (not direct access): $5 per trade
- Stocks and ETFs (direct access): $0.005 per share, $1 minimum per trade
- Stocks and ETFs (broker-assisted): $30 per trade
- Options: $5 plus $0.15 per contract
- Mutual funds: $25 per trade
- Investment products: stocks, options, mutual funds, Forex, ETFs
- Minimum to open Choicetrade account: $0 for cash account, 2,000 for margin account
- All Choicetrade fees
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- Very low commissions
- No account minimum, maintenance or inactivity fees
- Free streaming data
- Free dividend reinvestment
- Great online community
- Could open account with no money down
- No surcharge for large orders
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- Direct access trading with lowest per share commissions
- Very low flat-rate commissions
- Powerful trading platforms
- No account minimum, maintenance or inactivity fees
- Free paper trading
- Investor community
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- $2 per trade surcharge on penny stocks
- $30 annual IRA fee
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- While web-based trading platform with delayed quotes is free, more advanced platforms and streaming quotes are not: web-based Choicestreamer is $14.95/month,
ChoiceTrader Direct pro is $49/month, Choicetrader Select with eSignal is $126/month
- Extended hours stock trades have $0.005 per share surcharge
- 1% surcharge of the total dollar value of the order in addition to the normal commission of $5 per trade to all stock orders of more than 500,000 shares
- High mutual fund commissions
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ChoiceTrade vs Zecco: Comparison Summary
Zecco (Zecco Review) offers the same commissions on stocks/ETFs as
Choicetrade (Choicetrade Review):
$5 per trade. Mutual funds are much cheaper at Zecco: $10 versus $25 per transaction. Zecco has a small, $2 per
trade surcharge on penny stock orders and Choicetrade has a steep $0.005 per share surcharge on extended hours trading.
Zecco and ChoiceTrade do not charge inactivity and maintenance fees. Zecco is one of the few discount online brokerages
that offer Forex trading. No account minimum, no inactivity fees and free dividend reinvestment are great too.
If you plan to invest in mutual funds or bonds then Zecco is the way to go. Because of no annual IRA fee, we recommend ChoiceTrade for any
type of retirement account. Otherwise this is a close call. Both firms are pretty good but neither made it into our list of
Recommended Brokerage Houses in 2012. Since you could open non-IRA account with both
companies in just 10-15 minutes with $0 and close it with no cancelation fee, you could try both firms and pick the one you like better.
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