Stock Broker Reviews




Zecco - the cheapest online brokerage firm in 2010



Zecco Commissions and Investment Products

  • 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

Application Process

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 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 Community

Zecco review

Zecco has the most active and helpful online community, where you could learn new trading strategies, get investing ideas and interact with other traders.


Account Pros

  • 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


Account Cons

  • Annual IRA fee: $30
  • No extended hours trading


Summary

Zecco 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 make 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 has no account minimum and no inactivity fees. The firm offers free dividend reinvestment. It does not have penny stocks, large order and after-hours trading surcharges that so many other brokers have.

Zecco is the cheapest brokerage firm if you have $25,000 account balance and make 25 or less stock trades in a month. You could open account with no money down and no commitment in minutes and see how Zecco works for you.


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