User Overview
Joined: 2009-10-24 14:47:21
Points: 35
Online Stock Broker Reviews: 1
Average Holding Period: days
Average Trade Frequency: 100 +
Portfolio Size: $50,000 - $99,999
Sentiment: bearish
Points: 35
Online Stock Broker Reviews: 1
Average Holding Period: days
Average Trade Frequency: 100 +
Portfolio Size: $50,000 - $99,999
Sentiment: bearish
Online Stock Broker Reviews By gotfrank
by gotfrank ( 35 ) on 2009-10-24 16:13:28I have been a member of Zecco since its inception in 2006. The key attractions at this broker are 10 free monthly trades and low fees. It is a simple online brokerage firm for the less-demanding traders or for most long-term investors. It is a basic online brokerage (hence it is able to offer low costs) that focuses on a low-cost business model. If you are an advanced trader, Zecco may not be enough for you. Zecco lacks a decent quote and charting platform. If you are the majority of all other retail traders/investors, Zecco is a really great place for brokerage and retirement accounts. There is no trading platform, so all trades, research, quotes are on the website. Trade execution is decent and the trading community feature of Zecco is interactive. I recommend it to all new traders and traders that do not need a highly sophisticated trading system. It is unanimously the best online brokerage firm that targets services for 90% of the retail investors.
Here's the breakdown for the different types of traders.
***New traders:
-Low costs, low minimums
-Plenty of investing information through tools and the Zecco community
-Fast, reliable website
-Customer-centric business model
-Simple, straight forward user interface
-Great customer service
***Casual/Semi-experienced Traders:
-Low costs, low minimums
-Options trading available with additional tools
-Currency trading through Zecco Forex
-Great for swing traders that trade often enough, but do not need a full powered trading software platform.
***Advanced Traders:
-Cheap trades, but not cheaper than other brokers that trade high volume
-Lacks a powerful trading platform
-Lacks sophisticated trade routing system
-Lacks superior trading data
-Does not offer futures trading
***Algorithmic/Proprietary Traders:
-Lacks algorithmic trade execution programming
-Lacks a powerful trading platform
-Lacks sophisticated trade routing system
-Lacks superior trading data
-Does not offer futures trading
