Rating: 
Zecco
Website: www.zecco.com
Fees: $4.95 / stock trade. Options +$0.65 / contract. Broker assisted: $19.99 / stock trade.
Account Minimums: None.
Transfer Fees: No*
Virtual Trading: Forex Trading Game
Interface: Comprehensive user interface
Tools / Resources: Markets, quotes, stock screener, Analytics, community forums and blog
Customer Service: Below average.
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Background: Zecco is probably one of the best known 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 $4.95 / stock trade provided you book the trades yourself. Take care as broker assisted trades are $19.99 / stock trade. Options +$0.50 / trade. IRA’s are subject to an annual fee of $30.
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, but only for Forex.
Account Transfer: *No fee for ACAT transers charged. If your positions are not eligible for an ACAT transfer, additional fees may apply.
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Zecco User Reviews
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Please rate Zecco from your own experience via the comment form below:- Zecco Review,
6 comments
Gavin McKenzie
April 24, 2012 at 1:20 pm (UTC 4)
Great online broker. Low fees and easy to use software. Sure its basic but that’s what you get for the price. Analytics tools are crude but decent enough for beginers. no need to look elsewhere imo
Raptortrapper
March 21, 2012 at 7:16 am (UTC 4)
Switched over here from Tradeking after Tradeking hiked their prices by 2 buck! Wish I had found Zecco when I first started. I like the ease of use a lot better than tradeking. Zecco has all I need, and as long as they don’t pull a price gouge, I’ll be here from now on.
Zebedee
February 20, 2012 at 1:21 pm (UTC 4)
For an independent trader like me you can’t beat Zecco. I dunno what people expect from an online execution only broker because Zecco has eveything you need. I used to really love them when you got 10 free trades but knew that wouldn’t last forever. Still under 5 bucks a trade come on
Alison Steiner
January 25, 2012 at 4:24 pm (UTC 4)
I agree that the support isn’t up to par and there’s nothing here for an expert trader but for a noob like me the platform is easy to use and the fees are great. I’m sticking with Zecco.
Megan Riley
December 12, 2011 at 5:52 pm (UTC 4)
Zecco are still one of the cheapest brokers out there in terms of commissions and if you are an independent buy and hold investor that’s fine. Just don’t expect much help from customer service who are next to useless IMO.
Active traders will need to look some where else like Scottrade.
Phil Jones
October 14, 2011 at 8:34 pm (UTC 4)
I haven’t really used customer help so I can’t really rate thst yet but seeting up the account was really simple.
I changed from etrade to Zecco simply because they looked to be a bit more of a contemporary broker – liked the look of their Facebook “Wall Street” platform as I’m on there all the time anyway. Cant complain since the switch and I am happy with Zecco, the facebook application is amazing as I’ve got a few buddies who also use it.
They are also far less fees than my other brokers and so i not moaning!