The Zecco Trading brokerage launched with relatively simple online brokerage functionality and a limited service offering in 2006, but has since added many features. Currently Zecco Trading offers customers:
* Stock trading including limit orders and trailing stops
* Options trading including complex strategies such as spreads, straddles, condors, butterflies, etc.
* Online mutual fund trading and mutual fund screener
* Bond trading through a broker
* Real-time positions and balances
* Quotes and research (stock quotes, charts, analyst ratings, company financials, etc)
* Research reports provided by S&P
* Options analytics tools
* Stock alerts
* Streaming data platform (fees apply)
* Performance tracking and tax reporting tools (fees apply)
ZeccoShare Comunity
The online financial community on Zecco.com is called ZeccoShare. It shares much of the common core community functionality found on sites like Facebook and MySpace like forums, blogs, groups, a customizable profile page, 1:1 emails, shout boxes and an activity feed.[
However, ZeccoShare is customized to investing and has many novel features as a result. For example, users can elect to share their verified trades, holdings, trade notes and performance taken directly from the brokerage. Users can subscribe to (and follow) star performers’ trades, and discuss trade ideas with them. Zecco argues that this provides a level of transparency not found in previous financial communities which were rife with pump and dump schemes.
Commisions
# Online stock trades: 10 free trades per month with a minimum of $25,000 in assets or 25 trades per month. $4.50 otherwise.
# Options trades: $4.50 per trade plus $0.50 per options contract.
# Mutual fund trades: $10 per transaction.
# Bond trades: $4.50 per bond with a $22.50 minimum per transaction.
# Treasuries: $24.50 per transaction.
# Forex: bid/ask spreads as low as 0.7 pips depending on currency pair, size of account, and market conditions.
Regulation
Both Zecco Trading and Zecco Forex are subsidiaries of Zecco Holdings, Inc., but the two are subject to separate regulatory bodies.
Zecco Trading is a registered broker-dealer, member FINRA. FINRA (Financial Industry Regulatory Authority) is the primary regulatory body of the securities industry.
Zecco Forex is a separate but affiliated company from Zecco Trading. Zecco Forex is subject to regulation by NFA (National Futures Association).
Learn more Zecco pricing and products page at zecco.com
by zecco.com
