Zecco vs TradeKing: Trading 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
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- Stocks and ETFs: $4.95 (for stocks/etfs priced over $1)
- Options: $4.95 plus $0.65 per contract (for up to 8 contracts) OR $8.95 plus $0.15 per contract (for over 8 contracts)
- Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
- Multiple legs will only be charged one base price of either $4.95 or $8.95, depending on how many total contracts are involved
- Mutual Funds: $9.95
- Bonds: $4.95 per bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, CDs, treasuries, ETFs
- Minimum to open TradeKing account: $0
- All TradeKing fees
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Zecco vs TradeKing: 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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- Great commissions
- No minimums, maintenance or hidden fees
- Free real time quotes
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
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Zecco vs TradeKing: Cons
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- $2 per trade surcharge on penny stocks
- $30 annual IRA fee
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- Additional $0.01 per share on the entire order of stocks priced less than $1
- $50 annual inactivity fee if BOTH apply to an account(s):
- Combined account value of the household account(s) is less than $2,500
- No commission-charged trades have been executed in the account(s) during the last 12 months
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TradeKing vs Zecco: Comparison Summary
Zecco (Zecco Review) and
TradeKing TradeKing Review) offer identical commissions on stocks and ETFs:
$5 per trade. Mutual funds are $10 per transaction at both brokerage firms.
When comparing customer service, trading tools and online investor communities, TradeKing is a King!
No wonder the firm was named Best Broker by Barron's magazine for 2 years in a row and we rated it one of the
Best Brokerage Firms in 2012.
TradeKing and Zecco are some of the very Best Brokers For Novice Investors:
offering lots of learning materials, vibrant and helpful trader communities, where users could ask questions, learn from each other, and follow
what other, more advanced traders are doing. We strongly recommend these firms for anyone who is new to investing.
Unlike Zecco, TradeKing does not have annual IRA fee and the company is an excellent choice for a
No-fee Brokerage IRA.
Both TradeKing and Zecco are great. If we had to pick one - it would be TradeKing. We recommend opening an account with both of these
online brokers with $0 down - it takes just 10-15 minutes each. There is no obligation and no risk - non-IRA accounts don't have account
closing fee. See for yourself which one works better for you.
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