|
Zecco review 2010: cheapest online brokerage - customers could trade for free
|
- 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
How many discount online brokerage firms
offer free trading? One. It's Zecco. If you have $25,000 minimum account balance, you could place
10 free trades each month. It's that simple.
Extremely fast -- open an account in 10 minutes. There are no lengthy forms to
fill and no papers to mail. After a new account is approved (in as little as
30 minutes) new users are ready to use all features of the Zecco.com website.
Zecco Trading Tools Review
Zecco's trading system uses simple and intuitive web interface. You could easily
enter and cancel your orders but you can't modify them.
Zecco is big on security -- before placing new order you will have to enter security key.
Zecco has the most active and helpful online community, where you could learn new
trading strategies, get investing ideas and interact with other traders.
- 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
- Annual IRA fee: $30
- No extended hours trading
Zecco.com brokerage offers 10 free trades a month, if you maintain a $25,000 account minimum or make at least 25 trades a month.
Trade commission is $4.50 if account balance is below $25,000 or making less than 25 trades a month.
The virtual trading feature provides a safe environment to test and improve trading skills and strategies.
Coupled with the live trader community where users learn from other traders, Zecco shines as one of the
best brokerages for beginners. We also rated the firm's
retirement account as one of the
Top IRA Brokerage Accounts.
Zecco is one of the few discount online brokerages that offer Forex trading.
No account minimum, no inactivity fees and free dividend reinvestment are great too. Zecco
does not have penny stocks or large order surcharges that so many other brokers have.
Zecco is the
cheapest stock broker if you have $25,000 account
balance and make 25 or less stock trades per month. The firm is in our
Recommended Brokerage Houses
list. Zecco was also named The Lowest Cost Brokerage For Occasional Trader by Barron's magazine in 2010.
You could open account with no money down and no commitment in minutes and see if Zecco works for you.
|
|