Zecco Review Summary
One of many online brokerage services, Zecco Brokerage aims to win over new customers with its promises of free trades. Reviewers like the free trade offer, and they also like the ease of setting up an account and placing orders for invest ments. They also like the community tools and low initial fees, prompting one person to make the comment “Zecco is a Great Value”. But the opinions on Zecco Brokerage are mixed overall, with one reviewer saying “Awful, and Now Not Free- What More Can You Not Ask For?”. The problems mentioned with Zecco Brokerage include the limitations on research and the high fees once the trial period comes to a close. So, when all things are considered, Zecco Brokerage ranks as an average Online Brokerage service with its share of both good and bad.
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Zecco Comparison
Most HelpfulFavorable Review
Zecco is an online brokerage that I have been using for the past year. The greatest thing about it: 10 Free trades a month, so long as you have $2000 in cash/stock in your account. I believe this is the only online brokerage that does this.
However, there is one downside to this brokerage. At...
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Most HelpfulCritical Review
Zecco Ratings and Reviews
Zecco is recommended for stock trading and basic options trading
Zecco has very low commissions and fees. Be aware that Zecco now requires account balances of $25,000 or more to receive 10 free trades per month. Zecco has a good registration process and high quality stock trading engine. The options trading engine is adequate for basic order types but those who utilize complex option trading strategies should look elsewhere. Charts and research tools are not as stellar but these drawbacks should not deter the bargain investor from trying this service.
Registration ..............................................
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The once overhyped discount online broker has, through sheer force of will, destroyed any positive advantage or goodwill said hype may have brought it in the past. As of March 1st, they are again raising the minimum requirement for their free trades from $2500 to $25,000. They now offer absolutely NO ADVANTAGE to ANY INVESTOR, and should be avoided.
I am a current customer, and will be getting out soon. I was sucked in by their "10 free trades for $2500 minimum balance" ad. But the shoddy platform and mediocre customer service cost me more than any free trade could... read full review »
