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Broker Reviews

Zecco

Published by
On Monday, April 14th, 2014 .

Overview

Dislikes

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.
Blain Reinkensmeyer

Reviewed by

Blain has been involved in the markets for over 12 years, heading StockBrokers.com equity broker research and reviews. His personal blog, StockTradingToGo.com, provides to-the-point daily market recaps to over 17,000 subscribers.

Commission Notes

Trade Commissions Breakdown

$4.95 Stock Trade Fee*
$4.95 Options Base Fee*
$0.65 Options Per Contract Fee*
N/A Options Exercise Fee
N/A Options Assignment Fee
$10.00 Mutual Fund Trade Fee
$19.99 Broker Assisted Trades Fee
$0.00 Minimum Deposit

Margin Rates

0.00% Under $24,999.99
0.00% $25,000.00 to 49,999.99
0.00% $50,000.00 to $99,999.99
0.00% $100,000.00 to $249,999.99
0.00% $250,000.00 to $499,999.99
0.00% $500,000.00 to $999,999.99
0.00% Above $1,000,000.00

Miscellaneous Fees

N/A Bond Trade Fee
N/A Treasury Trade Fee
$0.00 CD Trade Fee
N/A IVR 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 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 Domestic Wire Fee
N/A International Wire Fee

Broker Ratings

Commissions & Fees
Ease of Use
Overall
Research
Platforms & Tools
Customer Service
Mobile Trading
Offering of Investments
Education
Overall

Broker Awards

Misc. Account Information

0 Clearing Firm
-1 Commission Free ETFs
-1 Retail Locations
-1 Mutual Funds (Load)
-1 Mutual Funds (No Load)
-1 3rd Party Research Reports
N/A Complex Options Max Legs

Account Features

Virtual Trading
Yes No Minimum Deposit
Yes No Maintenance Fees
No Fee IRAs
Yes Investor Community
Live Seminars

Mobile Trading

Yes iPhone App
iPad App
Yes Android App
Mobile Site

Customer Service

Yes Phone Support
Yes Email Support
Yes Live Chat
Retail Locations
24/7 Support

Trade Types

Yes Stock Trading
Yes Options Trading
Yes Mutual Funds
Yes Forex Trading
Futures Trading

Recommended For

Best in Class Options Tading
Best in Class Active Trading
Internalizes Trades

Banking Features

Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans

Trading Platform Features

Web Platform
Desktop Platform
Mac Platform
Platform Backtesting

Active Trading Features

Direct Routing (Stocks)
Receives Payment for Order Flow
Internalizes Trades
Client Liquidity Rebates

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