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Compare LightSpeed Trading vs Zecco: lowest commission brokerages
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LightSpeed Trading vs Zecco: Commissions and Investments Offered
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- Stocks and ETFs: $.00395 per share, plus/minus Market Center Fees
- OTCBB and Pink Sheets: $10 per order, plus/minus Market Center Fees
- Options: $0.50 per contract, no minimum/no order charges
- Futures: $0.50 per contract, no minimum/no order charges plus exchange fees
- Investment products: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open account: $1000 for Web Trader, $10,000 otherwise
- All Lightspeed Trading fees and margin rates
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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 and margin rates
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- Lowest commissions in the industry
- Forex trading, with spreads as low as 1-2 pips, with fractional pips for more precise quoting
- Direct access to ECN’s and exchanges
- Free practice account
- Online community
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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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- $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 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
- Web Trader platform is badly designed
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- Annual IRA fee: $30
- No extended hours trading
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LightSpeed Trading versus Zecco: Comparison Summary
LightSpeed Trading and Zecco offer extremely low commissions. At
LightSpeed Trading
clients pay $0.0039 per share and $0.40 minimum per trade. At
Zecco customers get 10 free trades per month
(if over $25K account balance) and $4.50 per trade after that. In fact, LightSpeed Trading and Zecco are the
lowest commission brokerage firms in US.
LightSpeed Trading is targeting primarily very active traders. Both firms offer 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 is also one of our Recommended Brokerages for IRA account.
Both companies are great! For active traders we recommend LightSpeed Trading. For everyone else Zecco
will work better.
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