Zecco Review 2008
Update April 2008 - I finally got around to taking a deeper look into the Zecco platform as well as the account opening process. So far, so good. Opening my account at Zecco took just over 7 minutes, and was completely done online. No forms to fax, no signatures to mail in. All good stuff. I hate when I “sign up online” and then still have to print crap out to start a service.
When opening your account:
- Have your Driver’s license and SSN handy
- Keep in mind you must deposit (at some point, not right away) $2500 to receive the 10 free trades a month offer
Once you complete all the forms online, you’ll receive a message stating your account will be reviewed in the next 24-48 hours. I got an approval notice within 15 minutes. Guess it pays to fill out all the forms correct : )
Reviewing The Zecco Platform
The account center is pretty straight forward. Entering basic stock transactions looks easy enough. While I haven’t funded my account yet, I’ve heard that they have pretty fast order execution, which is important when trading online. Also, they have pretty decent options pricing, which is likely what I’ll be using my account here for at some point in the future.
Zecco…Recommend or not?
It’s hard to beat Zecco’s price structure and speed. I’ve heard rumblings about their customer service, but so far my account setup and activation has been a breeze. Once I have the cash together I’ll likely use Zecco as my primary options broker, and probably as my short term stock broker as well.
Ready to Start?
to setup your Zecco account. Can you beat 7 minutes?
What’s been your experience at Zecco? Please share with the DebtKid community below!
I'm 300K in debt. Gulp. I'm 24 and day traded away a fortune. Now I'm trying to crawl back to zero. Why not subscribe to my RSS feed and join me on this journey. You can also subscribe via e-mail. I appreciate tips and feedback! ~ DebtKid
on April 20th, 2008 at 6:13 pm
I love Zecco so far, and I’ve been with them for over a year. Not only do you get the 10 free trades but the rates are pretty low for options and trades after ten, lower than most all the other sites I’ve looked at. Their customer service has also been great for me so far. I recently had a technical question, emailed them and not only got back an email back within a half-hour, but also got a call from one of their engineers who helped me solve the problem.
on May 1st, 2008 at 4:11 am
Just signed up today…pretty much for the free trades. I got through the application process in less than 10 minutes - got approved in less than 30 minutes.
I’m not seeing any type of streaming quotes or anything…probably keep my scottrade account open for that of look for some other alternative.
Grumblings about customer service?? In 10 years of trading I’ve called my brokerage no more than twice…