Zecco online stock trading service has a great pricing schedule and could be a good option for those that do a lot of trading and know what they are doing, like day traders looking for a quick gain. They support a trading community for interacting with fellow traders and they host some interesting educational videos.
Fees/Commissions
Zecco offers easy and cheap trade prices; $4.50 for market, limit and options trades and $19.99 for broker assisted trades. Options are offered at only 50 cents per contract. They also offer free trades to those with a balance of over 25K or to those that are active traders with 25 or more trades per month.
Investments Offered
They offer stocks, IRAs, options, EFTs, mutual funds and FOREX trading. They report to be able to execute orders at an average of 1.07 seconds, with around 100% quote matching accuracy.
Ease of Use
This service is fairly easy to use and straight forward. However, it seems to be more focused towards price shoppers than new investors.
Trading/Investment Tools
This service offers some educational tools for stocks, options and currency exchange trading as well as some video tutorials with some unusually appealing presenters (you will have to visit the site to understand what we are talking about here). They also offer market updates, market movers and streaming news. And the investments tools they offer include screeners, alerts and option analytics.
Support/Customer Service
Online Zecco posts trading, FOREX and holding FAQs. As mentioned, they also host a trading community and you can contact them by email, chat or telephone. Their telephone support hours are 9AM-6PM (EST).
Summary
Zecco has a great pricing structure for experienced and active traders. However, many other services offer more education and research, which is more applicable to long term investors and new investors. But if you know what you are doing and are shopping for cheap trades, check out Zecco.
Website: Zecco
Pros: Great $4.50 trading fee rate, up to 10 free trades per month, FOREX trading in 37 currency pairs
Cons: No mobile phone apps, limited education and stock information resources
The Verdict: If you are price shopping and know what you are doing, you may like Zecco.