
Zecco offers 10 free trades per month if you maintain a minimum balance of $25,000 in your account or execute 25 stock trades per month. All other trades cost $4.50 each. There is no minimum to open an account, and there are no inactivity or maintenance fees, but you have to pay extra for access to performance reporting or tax planning tools on the website. Zecco has an online community, ZeccoShare. If you want low costs and good customer service, you may find TradeKing a better choice, according to reviewers.
All of our top-rated reviewers -- SmartMoney magazine, Barron's, and Kiplinger.com -- include Zecco in their latest reviews. TopTenReviews.com offers a review as well. One reviewer, FiveCentNickel.com, reports the results of an informal poll of the site's users.
Our Sources
1. SmartMoney.comDetails/Subscribe
The 2010 SmartMoney survey lists the best online brokers in each of six categories, and ranks the 17 brokers included. Zecco is ranked 12th, though the review notes that it has a "spiffed up web site."
Review: SmartMoney 2010 Broker Survey, Neil Parmar and J. Alex Tarquinio, May 20, 2010
2. Barron's
Barron's ranks Zecco 17th overall out of 22 online brokers, giving it low marks in nearly every category except costs. This review also mentions the firm's updated web site and its "focus on improving support."
Review: Newest Trading Play: Screen Savings, Theresa W. Carey, March 10, 2010
3. Kiplinger.comDetails/Subscribe
Kiplinger.com evaluates 14 online brokers. Of Zecco's it says only that it "offers low costs but few investment choices."
Review: The Best of the Online Brokers for 2011, Elizabeth Ody, Feb. 2011
Zecco is ranked 13th of the 18 brokers reviewed on this site. The review says that although Zecco offers low-cost trades, it has "no mobile phone apps" and "limited education and stock information resources."
Review: Zecco Review, Editors of TopTenReviews.com
The editor of this site reports on readers' responses when he asked them to list their favorite brokers. He writes, "It was a close race, but Zecco came out on top," mainly for its low costs. It's not clear how many readers responded or when the informal poll was conducted, however.
Review: The Best Online Discount Brokers (Updated!), "Nickel"
Online Brokers Runners Up:
7 picks including: Barron's, Forbes…
5 picks including: Barron's, SmartMoney.com…
5 picks including: Barron's, Kiplinger.com…
4 picks including: Barron's, Keynote Systems…
3 picks including: Barron's, Kiplinger.com…
2 picks including: Barron's, Rival SC7600 VersaWare…
2 picks including: Barron's, Rival SC7600 VersaWare…
2 picks by top review sites.
2 picks including: Barron's…
|
Sponsored Links are keyword-targeted advertisements provided through the Google AdWords™ program. These listings are administered, sorted and maintained by Google. For information about these Google ads, go to adwords.google.com. Google may place or recognize a unique "cookie" on your Web browser. Information from this cookie may be used by Google to help provide advertisers with more targeted advertising opportunities. For more information about Google's privacy policy, including how to opt out, go to www.google.com/ads/preferences. By clicking on Sponsored Links you will leave ConsumerSearch.com. The web site you will go to is not endorsed by ConsumerSearch. |