Zecco vs Just2trade: Commissions, Fees and Investments
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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
- Zecco login
and Zecco referral code
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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 Just2trade account: $2,500
- All Just2trade fees
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Compare Zecco vs Just2trade: Pros
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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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- Very low commissions
- Free real-time level 1 and 2 quotes
- Free Morningstar research
- Free dividend reinvestment including fractional shares
- Low margin rates
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Compare Zecco vs Just2trade: Cons
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- $2 per trade surcharge on penny stocks
- $30 annual IRA fee
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- Wrong cash balances and other account balance discrepancies (!)
- An additional $0.003 per share 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)
- For customer service company encourages contact by email
- Options Exercise / Assignment fee: $20 per exercise or assignment
- Checking & VISA Debit Card fees: $50 (Gold Package); $75 (Platinum Package)
- Minimum $2,500 account balance requirement
- No support for beginner or novice investors
- Poor choice of mutual funds
- Open orders are getting randomly canceled
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Just2trade versus Zecco: Comparison Summary
Zecco (Zecco Review)
and Just2Trade (Just2Trade Review)
are some of the cheapest online brokerage firms in the nation. Just2trade offers flat-rate $2.50 commission on stocks and ETFs
with big surcharge on extended hours trades. Zecco charges $4.95 per trade commission with $2 per trade surcharge on penny stock trades.
Just2trade is known for terrible customer service and the firm's balance calculation problems were a major issue (company now says
it has been resolved). The firm offers free real-time level 1 and 2 quotes, free Morningstar research and free dividend
reinvestment including fractional shares.
Zecco offers its clients free dividend reinvestment and streaming quotes, access to Forex market, and an extremely helpful
online investor community, where users could learn from each other, get ideas and
tips on where to invest. The firm, however, was not included in our list of
Top Investment Firms in 2012.
Just2Trade provides no resources or support for beginner investors. Company requires prospective customers to have at least
two years of trading experience to open account. Zecco, on the other hand, offers comprehensive selection of learning materials
as well as helpful trader community, where newbies could ask questions, learn from more experienced traders and even get investment
ideas. Zecco is much better broker for beginner investors than Just2trade.
Because of fewer fees, better customer service, presence of virtual trading and investor community, Zecco
is definitely a better choice for brokerage account out of these two firms.
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