Zecco Review – Free Online Stock Trading
While Zecco has been on the scene for just a couple of years, their initial 100% free stock trading basically changed the entire game for all online stock brokerages and has drastically lowered the barrier for more people to enter the stock market.
Understandably, as Zecco started to grow and increase its members count, the 100% free online trading is not what it truly used to be. Now members are eligible to get 10 free trades per month as long as they maintain a balance of $25,000 or execute 25 trades in a month. Any other trade is still reasonably low compared to other stock brokerages at $4.95 per trade.
All that being said, Zecco still has room to improve when it comes to the tools and applications that it provides; however, you need to weigh whether you would rather have the cheap commissions or more sophisticated tools.
Talk to other members. Thanks to ZeccoShare now members can discuss and share trading ideas with each other for free. Have a question? Post it on the message boards.
Now trade Forex. Just recently Zecco launched their new Forex service along with a virtual platform to practice Forex trading without risking any money.
Stock Brokerage Details
Commissions: Stocks $4.50 flat-rate; Options $4.50 plus .50 per contract
Account Minimums: $0
Overall, what Zecco lacks in available tools and resources makes up for in the extremely cheap trading commissions. Whether you are a new trader or just somebody looking to cut down on commissions cost, Zecco is worth giving it a try.
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