Sogotrade vs Zecco: Commissions and Investments
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- Stocks and ETFs: $3
- Stocks and ETFs broker assisted: $25
- Options: $5 plus $0.50 per contract
- Options broker assisted: $25 plus $0.50 per contract
- Options exercise/assignment: $15
- No-load mutual funds: $15
- Investment products: stocks, options, mutual funds, ETFs
- Minimum to open Sogotrade account: $500
- All Sogotrade fees
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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
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- Very low commissions
- Fractional shares available with no monthly subscription fee
- No inactivity, maintenance fees (accounts with over $100)
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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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- For stocks priced under $1, the online commission is $3 plus 0.5% of the principal value
- Terrible trade executions
- Poor trading platform
- Frequent technical problems
- Very slow new account set up process
- Hard to reach, unresponsive customer service
- $30 annual IRA fee
- Can't short stocks under $3
- Cannot invest in CDs and bonds
- No interest on cash
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- $2 per trade surcharge on penny stocks
- $30 annual IRA fee
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Zecco vs Sogotrade: Comparison Summary
Sogotrade (Sogotrade Review)
and Zecco (Zecco Review)
offer some of the best commissions on stocks, ETFs, mutual funds and
options in the industry. Both companies don't have account maintenance and inactivity fees.
Sogotrade charges additional 0.5% of the principal value on stocks under $1 (penny stocks) and does not offer extended hours trading
for regular accounts. The firm also charges $30 annual IRA fee. With Sogotrade customers cannot invest
in CDs and bonds. The company has terrible customer service and very slow account opening process.
With Zecco, there is $2 per trade surcharge on penny stocks.
The company provides free dividend reinvestment and streaming quotes, access to Forex and a vibrant online investor community, where
users could ask questions, learn from each other, and follow what other, more advanced traders are doing.
Zecco is one of our the recommended brokers for novice investors, but in 2012 did not make it into our list of
Best Investment Firms. One could open account with Zecco with no money
down in as little as 10 minutes!
The choice between these two online brokerage firms is clear - definitely Zecco. We recommend it to all investors.
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