Zecco is a online discount trading and investing broker. Launched in the so-called "Broker Price Wars" in 2006, Zecco initially offered 10 free trades per day, up to 40 free trades per month. In fact, the name Zecco stands for "ZEro Cost Commissions." Currently, Zecco gives you 10 free trades per month if you have $25K in your Zecco trading account or if you make 25 trades per month, commissions are $4.50 otherwise. For broker assisted trades, the commissions are $19.99 per trade.
As a general brokerage, you can trade and invest in stocks, ETFs (Exchange Traded Funds), options, mutual funds, bonds, and CDs. There is also a separate Forex Zecco account for currency trading, but we'll list that as a separate product. You can open the standard account types with Zecco including individual accounts, joint accounts, 401(k) rollover IRA, traditional IRA, and Roth IRA. There are no inactivity fees and no account minimums to open an account. Zecco Trading will credit an interest rate of 0.025% annually on a minimum of $500 held in each of your accounts. Interest is paid monthly based on the average monthly cash balance. You may also choose to place your uninvested funds in one of the three money market funds.
All of Zecco's tools, features, and trade order entry are accessed online via their website. A prominent feature of Zecco.com is their integrated trading community ZeccoShare, where you can interact with other members and see how others are performing in the market. Also, there are educational material, platform tutorials, and customer service support to help you use the tools and features.
Stay tuned for our full review of Zecco's brokerage services. Find out how well and reliable Zecco's platform features and tools serve the needs of traders and investors, and whether Zecco is the best choice for you.
Stock Alerts and Analyst Upgrades/Downgrades
Get email, SMS or Twitter DM notifications when a stock you're following hits your customized price or volume trigger. Or simply receive the day's biggest movers or analyst rating changes.
Breakfast Bell Newsletter
Wake up every morning to a pre-market briefing and several news-driven bullish and bearish trade ideas for the day along with Zecco's own proprietary community sentiment indicator.
Options Strategy Builder
Use the Options Strategy Builder to pick an options strategy based on your risk attitude and the direction you think the underlying stock will move. Once you select a stock and a strategy type, use the Options Strategy Chain to select a specific strategy and see the Profit & Loss curve of that specific strategy. Advanced options traders can modify the assumed volatility and adjust the individual legs that make up the strategy.
Stock and Options Research Reports
Get thought-provoking insight from the authoritative source in investment research. Stock reports give an outlook on thousands of publicly traded corporations, while options reports suggest trading strategies to optimize Alpha on a company level.
Spot trading opportunities with our powerful and fully customizable real-time charts. Add over 30 overlays and upper/lower indicators to advanced charts and use a sliding interface to quickly customize the timeframe to view the chart for.
Zecco's easy-to-use screening tool lets you create screens using over 50 criteria. Save your screens for easy future use, share your screens with other members of the community, and create alerts and watchlists directly from the screener results. If you have a Zecco Trading account, you can buy or sell directly from the screener with just one click.
Mutual Funds Screener
There are even more mutual funds than stocks, so finding the right one can be daunting. Never fear! Zecco's Mutual Funds Screener lets you create screens using over 30 mutual fund-specific criteria. Save your screens for easy future use, share your screens with other members of the community, and create alerts and watchlists directly from the screener results.
ETFs are one of the fastest growing investing instruments in the business.They can have lower expense ratios, and allow you to get exposure to broad indexes and objects with a single security. The Zecco ETF screener lets you create screens using over 30 ETF-specific criteria. Save your screens for easy future use, share your screens with other members of the community, and create alerts and watchlists directly from the screener results. If you have a Zecco Trading account, you can buy or sell directly from the screener with just one click.
Top Gainers and Losers
Our comprehensive market data section includes real-time lists of the day's top gainer and losers (percent and absolute)across the top exchanges, alongside the most actively traded stocks.
All members get free access to the Zecco Streamer for real-time streaming quotes This free product streams last sale, and bid/ask information from the BATS exchange for over 1,000 of the most traded stocks in real-time. The Zecco Streamer features a groundbreaking drag-and-drop interface that allows users to quickly manipulate the streamer. Users can upgrade to a more advanced, paid version of the Zecco Streamer ($19.99 per month) which includes real time pricing from all major exchanges and covering all securities traded at Zecco Trading.
Tax Optimization Software
Stay ahead of the tax man. GainsKeeper tax optimization tools can automatically create your annual Schedule D with a single click. Its advanced portfolio analysis also helps you identify potential wash sales, and which holdings could be considered long-term or short-term gains/losses.
Follow trades of Star Performers in ZeccoShare Community
Through ZeccoShare's Performance Scanner, you can search though the various kind of investors to find ones that match your personal preference and style. You can follow their trades and track their performance to see how they are achieving their returns so you can learn from moves.
On the quote screen for stocks and ETFs on Zecco.com, ZeccoShare pools all the holdings, trades, and performance data of the ZeccoShare member community. You get a snapshot of whether other Zecco.com traders are generally bullish or bearish on the stock or ETFs.
Get a View of Real Portfolios, Trades and Performance
What makes ZeccoShare so powerful is that all data is taken directly from real, live brokerage accounts. So you have confidence that everyone is doing exactly what they are saying and you can see how the trades actually came out.
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