Zecco have quickly become one of the most popular online stock brokers because they offer extremely competitive prices that put them ahead of most of it's competitors. In fact they even offer 10 free trades to any customers that either trade 25 times per month or maintain an account balance of more than $25,000. So it is easy to see why they are so popular.
(March 2011 Update - Sadly the free offer promotion is no longer available)
Even if you don't satisfy either of these criteria (or you have used up your 10 free trades for the month), the fees are still very cheap compare to many other brokers because it costs just $4.95 to buy or sell stocks. If you prefer to trade options then the prices are equally competitive, costing just $4.95 per trade plus $0.65 per contract.
Zecco is not just a cheap and cheerful discount broker, however. They actually offer a very professional service overall.
As well as being able to trade stocks and options, you can also use Zecco to buy and sell mutual funds, exchange-traded funds (ETFs) and bonds. Also if you are investing for your future, you can use Zecco to manage your IRA account. In fact you can choose from three different types of IRA account - traditional IRA, Roth IRA or Rollover IRA - depending on your circumstances.
Once you open an account with Zecco you will not only get access to the very easy to use trading platform where you can place your trades, but you will also find lots of useful tools that you can use to make sound investment decisions. These include the following:
- Real-time streaming quotes.
- Live charts.
- Stock alerts.
- Analyst upgrades/downgrades.
- Research reports.
- Top gainers and losers.
- Breakfast bell newsletter.
- Stock screener.
- Mutual funds screener.
- ETF screener.
- Options strategy builder.
- Tax optimization software.
Plus you will also be able to join and interact with the Zecco community (which now has over 300,000 members). There are statistics and trade records for all of the star performers so you can pick their brains, see what they are trading (in real-time), and track their overall performance.
So overall when you consider the free trades, the low fees and the range of services and tools that they provide, Zecco has to be regarded as one of the best online stock brokers.
If you would like to open an account with Zecco, or simply want to find out more information about this broker, you can do so by clicking on the following link: