Zecco Trading Reviews

By Author: Dips Dixon
Total Articles: 74
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Zecco stands for Zero Cost Commission. It allows the trader to invest in stocks, options, mutual funds, ETFs and FOREX trading. It offers cheap trade prices i.e. $4.50 for market, limit and option trades and $19.99 for broker assisted trades. Options are offered at only 50 cents per contract. They also offer free trades to those who have a balance of over 25k or those who are active traders with atleast 25 or more trades per month. Zecco offers two levels of security system. Firstly, you need to access the myZecco page. After this, you can log into any of your trading accounts using a different password. Zecco is a member of the SIPC.
Zecco Trading reviews offers various interactive tools and video tutorials for stocks, options and currency exchange trading.
The trading platform of Zecco is not so easy to use as compared to that of TradeKing's, but it is relatively good for the first time investors. Zecco prefers communicating via e-mail and they are rather quick to respond during the business hours.

Advantages-
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... It offers two layers of security.
It allows for options trading with little or no previous trading experience.
It offers free commissions upto a certain limit.
The money market sweeps average to about 4%.
It provides reports for the daily snail mail transactions.
Disadvantages-
You need a minimum of $500 in your cash account to be eligible for money market sweeps.
The sale of equities can take a few business days to get cleared into your account.
It is not the most appealing platform.
It does not offer after hours trading.

Zecco seems to be gaining popularity in the discount brokerage game. It offers great pricing structures for the experienced as well as the active traders. It also supports a trading community to interact with the fellow traders. This service is easy to use and straightforward, being more focused towards price shoppers than new investors. However, there are other services as well that offer more research options as compared to Zecco. But if you are looking for cheap trading options, then Zecco is a must checkout for you.