Is Zecco’s Free Trading Offer a Fraud?

All the best things in life come for free is an old saying. However, in the current times, especially after the advent of internet, one of the worst things in life come for free, as the things that usually offer free services are the ones, which fraudulently target your money.

Is Zecco a Scam?

Somehow, when an individual reads about Zecco, the same thought comes across that person’s mind. The very thought of a company offering freebies in lieu of your bank details and other personal information at the end of the day is a scary prospect.

Prior to the thought of opting for Zecco, it is advisable that people really look at the pros and cons of the services provided by the broker so as to ensure that Zecco is legitimate and safe. While first investigating into the trading offer, the most important thing to do is to check the legitimacy of the offer by checking where Zecco has actually been listed.

Is Zecco a Registered Broker?

At the current point of time Zecco has been registered as a division under Equinox Securities, a Company which was registered on 01/21/2005 and has had no trouble since its inception with the regulators. The company does seem to be genuine; however, there is a possibility that Zecco could be a bigger fraud, as in the founders of such ventures can vanish all of a sudden, leaving the investors without a hint of a doubt that they have been cheated.

Another way to ensure the safety of money is to check the records of Securities Investor Protection Corporation (SIPC), whether the Company is listed with them. However after an examination, the company was found to be listed with SIPC as well. A check of the SIPC and the listing of the Company are proof enough to ensure that Zecco is a genuine venture.

Is it too Good to be True?

However, the surprising thing is that if Zecco is offering free services, then who’s the one, who will benefit from the deal? The user, well maybe, but at the end of the day a founder usually opens a business with an intent to earn money and not for philanthropy.

Despite, the checks and the rechecks, Zecco just does not comes off to be the best option regarding online trading, even though it’s free. The simple reason is because though it’s free, the customer services for Zecco have faced immense criticism by users for the poor customer services and when it comes to money, nobody wants any blunders and also wants answers quickly, rather than staying on hold for a longtime. Customers have reported Zecco not so keen in handling trade related issues with required diligence.

Conclusion

The best advice for the current situation is that opt for Zecco only at your own discretion. Besides that apart from Zecco, people always have better options like TradeKing and other such ventures, which offer services at lower prices.

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