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Zecco or Sogotrade: compare lowest commission stock brokers
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Sogotrade vs Zecco Trading Fees and Investments Offered
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- Stocks and ETFs: $3
- Options commission: $3 plus $0.70 per contract
- Investment products: stocks, options, ETFs
- Minimum to open account: $500
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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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- Very low commissions
- Fractional shares available with no monthly subscription fee
- No inactivity fees
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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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- Cannot invest in mutual funds and bonds
- For stocks priced under $1, the online commission is $3 plus 0.5% of the principal value
- Bad trade execution
- Poor trading platform
- Very slow new account set up process
- Customer service complains
- No interest on customer's cash
- No IRA accounts offered
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- Annual IRA fee: $30
- No extended hours trading
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Sogotrade vs Zecco: Comparison Summary
Sogotrade
and Zecco
offer some of the
best commissions on stocks and options in the industry.
Both companies have no account maintenance or inactivity fees.
Sogotrade charges extra 0.5% of the principal value on stocks under $1 which makes penny stock orders extremely
expensive. The firm does not offer IRA accounts at all. With Sogotrade customers cannot invest in mutual funds
and bonds. The company has poor customer service and slow account opening process.
With Zecco, on the other hand, there are no surcharges for penny stocks. The firm is rated one of the
Best Brokerages for an IRA Account.
Zecco offers its clients investing in mutual funds and bonds. The company provides free
virtual trading, access to Forex, free dividend reinvestment and vibrant online investor community.
The firm is also in our Recommended Brokers for Novice Investors
and Best Brokerage Firms lists.
One could open account with Zecco with no money down in as little as 10 minutes!
The choice between these two companies is clear - definitely Zecco!
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