Zecco Trading Reviews & Ratings + User Comments

What Type of Accounts you can open with Zecco?

Zecco offers a whole host accounts to choose from. You can easily find the one that suits your needs. Popular accounts that you can open with Zecco are Individual, Joint and Custodial.

The list of all accounts that you can open with Zecco is:

1. Individual Account
2. Joint Account
3. Custodial Account
4. Retirement Accounts: Traditional IRA | Roth IRA | Rollover IRA |
5. LLC Account
6. Trust Account
7. Sole Proprietorship Account
8. Investment Club Account
9. Partnership Account
10. Corporate Account

1. Stocks
2. Options
3. Mutual funds
4. Bonds
5. CDs
6. Forex
7. Treasuries
8. ETFs

Zecco’s: Fees & Commissions

One cannot wary that commissions are the key cost of investing, but one interesting fact is that the size of commission influences your trade decisions. Let’s understand their pricing structure.

1. Zecco is a low-cost brokerage for trading in stocks and ETFs. Their commissions are much lower than industry peers. They only charge $4.95 for online trades in stocks and ETFs.
2. For broker-assisted stock and ETF trades Zecco charges $19.99, and there isn’t any limit on the quantity traded. These trades are placed through their customer service.
3. For Extended Hours Trading Zecco charges an additional $0.005/share along with the base charge.
4. Options can be traded at $4.95 along with an additional per contract charge of $0.65. Both, options assignments and options exercises can be done at $4.95.

Zecco’s Tools and Platform Performance

In past few years Zecco has completely transformed itself and now it offers trade and research tools that are quite simple to use yet competitive with their competitors’ offerings.

Tools offerd by Zecco are:

1. Zecco Screeners: Zecco offers easy to use market screeners that can help you to identify and harness the best stock, ETF and Fund opportunities that match your investment criteria. Like most popular discount brokerages, even Zecco offers screeners with cutting-edge technology, but what really makes their offering distinct is the option to screen markets using more than 50 filters.
2. Quotes: Zecco features data providers such as Lipper, FactSet, Briefing.com and Comtex. These names are well known for providing reliable and timely information.
3. Zecco’s Options Strategy Builder: Options strategy builder lets you select an options strategy that best suits your risk tolerance. You can use this tool to calculate underlying stock price movement based on fluctuations in volatility. You can even make calculations assuming different scenarios.
4. Zecco’s GainsKeeper: This is a premium tool that helps you in understanding tax implications and lets you analyze portfolio performance.
5. Quotestream II: This is yet another premium tool that lets you monitor market fluctuations with streaming Level 2 data in real-time. Zecco’s customers have to pay extra to subscribe for this tool.
6. Zecco Streamer Review: This is a free version and gives you the option of streaming delayed quotes on almost all exchanges.

Zecco Mobile Platform

Trading is easier with Zecco’s Mobile interface that lets you stay in tune with even the minutest market moves. You can hang about anything, anytime, without the fear of losing the sight of the news feed and latest market updates. Using a Smartphone, you can now trade stocks, options, futures, and mutual funds without the hassle of finding a terminal. Zecco allows you to delve in a bit deeper and track the live streaming quotes, advanced charts and graphs as well as get synchronized updates of your portfolio, watch list and balances by providing apps for the leading mobile platforms such as iPhone 3G, iPad, iPod Touch, and Android based devices.

How good is Zecco’s Customer Service and Support?

Zecco offers Phone, email and Live Chat support, and they are pretty good at solving customers’ problems. Although, you would find that their Live Chat support is mostly busy. Their licensed representatives are good at what they do and their full team is available from 8am to 7pm on weekdays. You can even contact them on Sundays 10:30am to 7pm through chat and email.

Zecco’s Educational Support for traders

Zecco has a good content for the traders on its website.

1. Stock Trading Education: Zecco’s provides extensive education support and learning programs that help traders upgrade themselves and their trading experience. They aim at imparting rational tips and strategies that will help you build up a well-organized portfolio and to sharper your trading skills. With some highly engaging and useful videos, learning minute details for better trading becomes achievable.
2. Options Trading Education: For options traders, Zecco provides a specialized trading education prospect that will guide you pick up the right stocks at the right time and define its near future moves. Zecco’s Options Trading Strategies are pretty coherent and advantageous for options traders to make money on their options positions.
3. Zecco’s Investment Community: ZeccoShare allows its members to interact online and share trades, investment ideas and much more with other traders. Only a few brokerages offer the community advantage. You can share investment ideas and compare portfolios, and at the same time take advantage of blogs and forums. You can even track the publically shared trades of other members of the community.

Miscellaneous information about Zecco

In the past Zecco was popularly known as a Zero Commission Broker. Now, they no longer offer free trades, but the recent improvements have been significant as far as the user experience goes.

You can fund your Zecco trading account in any of the following ways:

1. Link a Bank Account (Establish ACH)
2. Through Cheque deposit
3. Using Wired Transfer
4. Transferring another Brokerage Account to Zecco Trading Account