$4.95 Stock Trades at Zecco Trading Online Brokerage

by CC Girl on August 30, 2011

in Special Promo

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Around since 2006 and operating out of San Fransisco, California, Zecco Trading (“Zero Cost Commission”) is an online brokerage that provides low cost stock and options trading- priced at $4.95 plus $0.65 per contract- and represent among the best values in the brokerage industry. Their online stock and ETF commission rates are 30 to 50% lower than other top competitors with the lowest assignment and exercise fees of all discount brokerage firms – $4.95. Mutual funds are just $10 per transaction. There are no surcharges for large orders but the company charges $2 per trade more on penny stock trades. There isn’t any minimum deposit required to open or maintain an online trading account. Along with their low cost stock and options trading, Zecco is known for the ZeccoShare social network, an exclusive innovative online trading community which offers the perfect environment for developing strategies, obtaining trading ideas, money management skills and advice from other traders who’ve been through it and seen it all.

Key Features:

  • Stocks: $4.95 per trade (equities with a trade price of less than or equal to $1.00 per share are $6.95 per trade).
  • Options: $4.95 per trade + $0.65 per contract.
  • Broker assisted trades are $19.99.
  • Zecco’s price structure is ultra cheap and easy to understand.
  • Forex spreads as low as 0.7 pips for major pairs.
  • Margin rate: 4.5%
  • Investments offered: Stocks, Options, Bonds, FOREX, ETFs, Mutual Funds, Retirement Accounts, Education Savings Accounts.
  • Deposit funds by linking your bank account, paper check, wire transfer, transfer from another broker (Zecco will cover up to $150 in account transfer fees).
  • ZeccoShare social network- an exclusive innovative online trading community.

The trading platform includes a nice simple design. It’s very intuitive to utilize, you should easily be able to place an order without needing to spend a lot of time training. However, Zecco’s trading tools don’t offer some of the more advanced features used by very active trades. There’s no volatility charts, trading patterns or stock alerts, and while streaming data is available, it is extra. Therefore, this is a platform that’s clearly aimed at the beginner. On the plus side, it’s got everything the smaller trader or those just beginning will need. Sometimes less is more, and that’s definitely the situation here. There’s also a fully functioning mobile platform to help you execute trades on the move.

Overall, Zecco is an excellent choice for you if you’re an experienced trader looking for a low cost and solid service. Education resources are a bit thin but nonetheless OK, and let’s keep in mind how useful the social networking feature is to share notes, tips and trading strategies with other successful traders. They’re a broker tailored towards the beginner. And that’s no bad thing because everyone has to start somewhere. There is a full virtual trading platform, perfect for mastering your strategy along with one of the best trading communities around. Opening an account with the company does not require money down and no commitment needed, so if you want to see if Zecco matches your needs, take 10 minutes and open an account!

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