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Just2trade versus Zecco review: compare the cheapest online discount brokerage firms
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- Stocks and ETFs: 10 free stock and ETF trades per month with $25K min. account balance OR if you make 25 trades/month
- $4.50 per stock trade (if not meeting above requirements)
- Options: $4.50 plus $0.50 per contract
- Mutual Funds: $10
- 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 account: $0
- All Zecco fees
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- Stocks and ETFs: $2.50 (with surcharge for extended hours trading)
- Options: $2.50 plus $0.50 per contract
- Mutual funds: $2.50
- Investment products: stocks, options, mutual funds, bonds and fixed income securities, ETFs
- Minimum to open account: $2,500
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- Free/very low commissions
- No account minimum or inactivity fees
- Virtual trading environment
- Forex trading
- Free dividend reinvestment
- Great investing community
- Minimum to open account: $0
- No surcharges for large orders, penny stocks and extended hours trading
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- Very low commissions
- Low margin rates
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- Annual IRA fee: $30
- No extended hours trading
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- An additional cost of $0.003 per share is incurred to trade on the ECN during the extended-hours
sessions – from 7-9:30AM EST pre-market and 4-8PM EST after hours
- $25 IRA setup fee, $75 IRA closing fee and $35 annual fee for IRA accounts (if below $25,000 in assets)
- Cannot modify an order: must cancel an order to change it and resubmit it as a new order
- Very poor customer service (company encourages contact by email)
- Incorrect cash balances and other account balance discrepancies
- Options Exercise / Assignment fee: $20 per exercise or assignment
- Checking & VISA Debit Card fees: $100 (Gold Package); $125 (Platinum Package)
- Minimum $2,500 account balance requirement
- No support for beginner or novice investors
- Very basic trading platform
- Poor choice of mutual funds
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Zecco or Just2trade Comparison Summary
Zecco
and Just2trade
are some of the cheapest brokerage firms in the nation. Just2trade has flat-rate $2.50 stock commission with big surcharge for
after-hours trades. Zecco has 10 free (if account balance is over $25K) trades every month and $4.50 otherwise
with no surcharges.
Just2trade is known for terrible customer service and the firm's balance calculation problems are a major issue.
Zecco offers its clients free dividend reinvestment and paper trading, access to Forex market, as well as
helpful trader community. Zecco is rated to have one of the
Best IRA Accounts.
With free trades, fewer fees, much better customer service and no surcharge on extended hours trading, Zecco
is definitely a better choice than Just2trade.
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