Zecco Brokerage Account Review
Here's a Zecco brokerage account review I've written to help provide some details and an overview of what they have to offer their clients.
I'll be going over things I've experienced first hand myself, while having my own stock trading account at Zecco Trading as well as pointing out some basic information.
Click here to open a Zecco Trading account
First, to get started in this Zecco brokerage account review, let's go over some of the basic background information:
- No minimum to open a cash or IRA account
- Most stock trades are $4.95 per trade. Stocks and ETFs priced under $1.00: online trades are $6.95.
- Broker assisted trades are $19.99.
- $0 minimum balance to avoid account maintenance fees
- $4.95 plus $0.65 per contract for Options Trades
- Zecco member stock trading community - see how other traders are performing and follow their trades if they've made them available to share
- Stocks, Options, and separate Forex
- Free streaming real time quotes
- Charting with various technical analysis studies
- Stock screeners
Some input from my personal experience in my Zecco brokerage account review:
- I've had good luck in response from their customer service department both by telephone and via email on several occasions.
- Their charting capabilities were not as advanced as I required for intraday, 1 minute charting that I am used to. For Swing Trading or longer time frames, and for end of day anaylsis, the charting will probably be fine. As with any charting, you have to try it out and see if it meets your needs. I personally used other charting providers and made the trades through Zecco because I was used to my prior charting so much.
- Trades seemed to get executed fairly quickly. I didn't notice any, if at all, lag time between my charting and order execution times.
- Opening my account went smoothly, and I was able to place live trades within a few days of my application being submitted.
I've also received emails over the last few years about non-U.S. citizens and opening an account at Zecco. They offer non-U.S. citizens accounts to U.S. nationals, resident aliens, and non-resident aliens, with the exception of residents of some countries in U.S. government-blocked jurisdictions.
Canadian residents? Canadian residents are currently unable to establish an account due to current Canadian security regulations. However, Canadian citizens residing outside of Canada can open an account at Zecco Trading.
In summary, if you're getting started or looking for a low cost brokerage account to give a try, Zecco Trading may be worth looking into. I've had several previous visitors over the last few years open accounts there and have not received and negative comments to date. If you have or have had an account there, submit your own Zecco brokerage account review and I'll post it also to help inform others about your experience.
I also have accounts set up at different brokerage firms because for one reason or another I decided to try different ones out and I like not being tied to one company in case I cannot access any single account for whatever reason.
Be sure to check out further details and information and Click here to open a Zecco Trading account before deciding to open an account for yourself. My Zecco brokerage account review above was based on my personal experience with them and may not be the same as you may have with them. We all have varied requirements.
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