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LightSpeed Trading vs Zecco
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LightSpeed Trading vs Zecco: Commissions and Investments
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- Stocks and ETFs: $4.50 per order, plus/minus Market Center Fees
- or $0.0045 per share, plus/minus Market Center Fees, $1 minimum per trade
- OTCBB and Pink Sheets: $10 per order, plus/minus Market Center Fees
- Options: $0.60 per contract, no minimum/no order charges
- Futures: $0.60 per contract, no minimum/no order charges plus exchange fees
- Investment products: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open Lightspeed Trading account: $1,000 for Web Trader platform, $10,000 for Lightspeed Trader platform
- All Lightspeed Trading fees
- Lightspeed Trading promotional code
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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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- Some of the lowest commissions in the industry
- Direct access to ECN’s and exchanges
- Free practice account
- Online community
- Automated trading
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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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- $10,000 minimum to use Lightspeed Trader (but only $1,000 to use Lightspeed Web Trader)
- $35 annual IRA fee
- Account opening needs work
- Web Trader platform is badly designed, full of bugs and it could take a lot of time to enter the order
- Extended hours trading is not available on the Web Trader platform
- Customer service needs improvement
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- $2 per trade surcharge on penny stocks
- $30 annual IRA fee
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Zecco versus LightSpeed Trading: Comparison Summary
LightSpeed Trading and Zecco offer extremely low commissions - some of the lowest in US. At
LightSpeed Trading (LightSpeed Trading Review)
clients pay $0.0045 per share and $1 minimum per trade on stocks and ETFs. At Zecco
(Zecco Review) customers get flat-rate $4.95 per trade commission.
LightSpeed Trading is targeting as customers primarily very active traders and hedge funds. The firm offers free virtual
trading environment where investors could test different trading strategies and improve their skills without risking their money.
If you are new to investing, you are better off with Zecco. The firm is one of the
Best Companies for Beginner Investors.
Zecco, however, was not included in our list of Top Investment Firms in 2012.
In summary, Zecco will work better for all investors, especially beginners, buy-and-hold investors and for retirement account holders.
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