Zecco Trading Commissions
- $4.95 per stock trade
- For stocks and ETFs priced under $1, online trades are $6.95
- Options: $4.95 plus $0.65 per contract
- Mutual Funds: $10
- Bonds: $4.50 per bond, with $22.50 minimum per transaction
- Treasury: $24.50 per transaction
Zecco Important Fees and Surcharges
- Extended hours surcharge: (extended hours are not offered at this time)
- Large order surcharge: $0
- Penny stocks surcharge: $0.005 per share surcharge on stocks priced $2.00 or less that are not options eligible
- Options exercises or assignments: $4.95
- Streaming Data (optional): $20 per month for QuoteStream or Zecco Streamer
- IRA setup fee: $0
- IRA annual Fee: $30
- Non-Transferable/Worthless Securities Held in Account: $7.50 per month per security
Zecco Pros
- Good commissions
- Online community
- Great for OTC and pinksheets
- Free DRIPs
- $0 to open account
Zecco Cons
- Surcharge on penny stocks
- $30 annual IRA fee
- Limited selection of stocks to short
Zecco Account Types
- Individual
- Joint
- 401(k) Rollover IRA
- Traditional IRA
- Roth IRA
- Forex/Precious Metals
- Business accounts (Corporate, Partnership, LLC)
- Trust accounts
- Custodial (UGMA and UTMA)
- Coverdell accounts
Zecco Review
Zecco charges $4.95 per trade commission on stocks and exchange traded funds ($6.95 for equities priced under $1).
Options trades have very attractive rate of $4.95 plus $0.65 per contract and mutual fund commission is $10. Minimum to open cash
account is $0.
Clients that maintain a total combined account value of $250,000 for at least three months or, average 25 or more trades per month over
a three-month period, get online pricing for all trades,
including broker-assisted trades (phone orders), free access to the Zecco Streamer ($19.99/month saving), no IRA annual fee
($30/year savings); plus other service fees waived, reimbursement of your bank’s wire transfer fees for qualifying deposits.
Zecco is one of the discount online brokerages that offer Forex trading. It also provides its customers with online user community for
socializing and sharing ideas with other investors. The firm is OTC/pinksheets/sub-penny stocks friendly.
Zecco is charging $30 annual fee for IRA accounts (exceptions mentioned above) and therefore is not well-suited for a brokerage retirement account. It's also does
not offer speed, sophistication and access to multiple markets that active traders require.
Zecco is a great broker for beginners because of their very simple and user friendly trading functionality and user community. This is
the type of users we recommend the company for as well as for OTC/pinksheets/sub-penny stock traders.
Zecco Promotional Code or Bonus: up to $150 in account transfer fee (ACAT) reimbursed when transfering account with
$15,000+ in balance:
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