Zecco Rating: 
Rating:
Website: www.zecco.com
Fees: $4.50 / stock trade. 10 free with 25 trades / month or $25,000 balance. Options +$0.50 / trade. Broker assisted: $19.99 / stock trade.
Account Minimums: None except to qualify for free trades.*
Transfer Fees: N/a
Virtual Trading: Trading Game
Interface: Comprehensive user interface
Tools / Resources: Markets, quotes, stock screener, Analytics, community forums and blog
Customer Service: Good.
*$2000 deposit required for margin accounts. Foreign customers allowed.
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Background: Zecco is probably one of the best know online stock trading platforms. And with good reason. They have been around a good while now and they are experts in stock, option and forex trading. A one-stop-shop for the diversified investor!
Zecco Trading’s clearing firm, Penson Financial Services, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash)
Pricing: Just $4.50 / stock trade provided you book the trades yourself. Take care as broker assisted trades are $19.99 / stock trade. However, you do get 10 free trades provided you trade at least 25 trades / month or have a $25,000 balance on deposit. Options +$0.50 / trade. So, this pricing may suit the more frequent or more cash enhanced investor.
Types of Account: Individual, Joint, IRAs, Forex
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Trading Platform: Zecco has one of the most easy to use and user friendly interfaces. Everything is ready to hand for you to execute your trades with the minimum of fuss.
There are a lot of tools here that help stock investors and options traders alike.
Tools / Resources: Zecco’s tools and resources are first class with quotes, stock screener and extensive analytics. Real time quotes are charged at an additional fee but for most traders simply refreshing the screen will suffice. There is also an extensive education section covering stocks, options and forex. Zecco prides itself on the Zeccoshare free trading community where you can catch up on all the latest market news, views and gossip. It’s also a great place to ask questions if you are not sure about any aspect of the Zecco platform.
Virtual Trading: Yes, via the in house Zecco Zimulator, a free trading game you can even play via your Facebook account!
Account Transfer: No fee charged.
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