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Zecco Review
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TRADEKING MERGER
Zecco has officially merged with TradeKing to form TradeKing Group. Many of the great platform features as well as the mobile trading apps are being integrated into the new brokerage.
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Dislikes
Streaming quotes alongside other basic platform options cost extra; pre and post hours trading not supported; overall community lacks credibility.
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Bottom Line
While Zecco does a good job of tying its community functionality into its platform, the broker lacks quality trade tools and promotes its forex services too heavily to logged in users.
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Ideal Client
Investors looking for quality research at a discounted price.
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| Mobile Trading |
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2013 Review Star Ratings
N/A - Not Applicable
Please note: Zecco officially merged with TradeKing in 2012. The two brokers continue to remain independent while the sites, clients, services, etc. are being merged. See our sneak peek of the new platform.
Zecco is an online broker that offers free stock trades to its client base of over 400,000 investors. Known for being a discount broker, Zecco also provides low cost options trades and Forex trading for its customers. Through its free ZeccoShare community they allow their members to share online trades and investment ideas with other traders.
Our Zecco review provides trade platform screenshots, detailed commissions information, and online broker ratings.
Zecco is an online broker that offers free stock trades to its client base of over 400,000 investors. Known for being a discount broker, Zecco also provides low cost options trades and Forex trading for its customers. Through its free ZeccoShare community they allow their members to share online trades and investment ideas with other traders.
Our Zecco review provides trade platform screenshots, detailed commissions information, and online broker ratings.
Compare Zecco to Key Competitors
Trade Commissions Breakdown
| $4.95 | Flat-Fee Trade Plan* |
|---|---|
| N/A | Per-Share Trade Plan |
| $4.95 | Options Base Trade Fee* |
| $0.65 | Options Contract* |
| N/A | Options Exercise Fee |
| N/A | Options Assignment Fee |
| $10.00 | Mutual Fund Trade Fee |
| $19.99 | Broker Assisted Trade Fee |
| $0.00 | Minimum Deposit |
Miscellaneous Fees
| N/A | Bond Trade Fee |
|---|---|
| N/A | Treasury Trade Fee |
| N/A | Certificate of Deposit (CD) Trade Fee |
| N/A | Interactive Voice Response (IVR) Phone Trade Fee |
| N/A | IRA Annual Fee |
| N/A | IRA Closure Fee |
| N/A | Forced-Margin Sellout Fee |
| N/A | Returned ACH Fee |
| N/A | Returned Wire Transfer Fee |
| N/A | Stock Certificate Processing Fee |
| N/A | Stock Certificate Delivery Fee |
| N/A | Paper Statement Fee |
| N/A | Paper Confirmation Fee |
| N/A | Outgoing Domestic Wire Transfer Fee |
| N/A | Outgoing International Wire Transfer Fee |
Commission Notes
Zecco, has changed its commissions schedule several times since the company was founded. Full commissions details below.Zecco Elite - Clients that make atleast 25 trades per month for three consecutive month or have a combined portfolio value of atleast $250,000 are qualified for Elite status. With Elite status clients receive the Zecco streamer for free, have access to $4.95 broker assisted trades, no fee IRAs, and wires of atleast $5,000 are also free of charge.
Stock Trades - All trades are $4.95. OTCBB (pink sheet) stocks are supported. For stocks and ETFs priced under $1.00, online trades are $6.95. Any trades made during pre and post hours are $4.95 + $.005 per share.
Options Trades - All options trades are $4.95 base + $.65 per contract. There are no minimum charges and all options exercises and assignments are $4.95.
Other Investments - Zecco offers broker assisted trades for $19.99. Mutual fund trades are $10.00. Loaded funds carry additional fees as listed in the fund prospectus. Zecco also offers Forex trading to investors.
Zecco was reviewed by Blain Reinkensmeyer on 2013-02-19 with an overall rating of 3.5 Stars.
2012 Awards
2012 Review Results - Zecco was 4 Stars overall and received Best in Class for Investor Community. Read the 2012 Broker Review.
Misc. Account Information
| Clearing Firm | |
|---|---|
| N/A | No. of Commission-Free ETFs |
| N/A | No. of Retail Locations |
| N/A | No. of Mutual Funds (w/ Load) |
| N/A | No. of Mutual Funds (No Load) |
| N/A | No. of 3rd Party Research Report Providers |
| N/A | Max. No. of Legs (Complex Options) |
Account Features
| Virtual Trading | |
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No Minimum Deposit |
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No Maintenance Fees |
| No-Fee IRAs | |
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Online Trader Community |
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Investment Education |
| Live Seminars |
Mobile Trading
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iPhone App |
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| iPad App | |
| BlackBerry App | |
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Android App |
| Mobile Site |
Customer Service
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Phone Support |
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Email Support |
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Live Chat Support |
| Retail Locations | |
| 24/7 Customer Support |
Trade Types
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Stock Trading |
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Options Trading |
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Mutual Funds |
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FOREX Trading |
| Futures Trading |
Recommended For
| Discounted Trading | |
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| Long Term Trading | |
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Options Trading |
| Active Trading | |
| International Trading |
Banking Features
| Checking Accounts | |
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| Savings Accounts | |
| Credit Card Accounts | |
| Debit Card Accounts | |
| Mortgage Loans |
Trading Platform Features
| Web Browser Platform | |
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| Windows Desktop Platform | |
| Mac Desktop Platform | |
| Platform Backtesting |
Active Trading Features
| Direct routing offered to clients | |
|---|---|
| Broker receives payments for order flow | |
| Broker internalizes trades | |
| Clients receive rebates for adding liquidity |
Trade Platform
Trade Platform
Trade Platform
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