Update April 2009 – 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.
Update July 2008 – I’ve been really happy with my account at Zecco so far. No issues, plus got a nice welcome package in the mail from them a few days after opening my account. As soon as I have the money, I’ll be investing more here.
Reviewing The Zecco Platform
The account center is pretty straight forward. Entering basic stock transactions looks easy enough. They have very 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…Hot or Not?
Verdict: HOT! 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. When opening your account:
- Have your Driver’s license and SSN handy
- Keep in mind you must deposit (at some point, not right away) $25,000 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 : ) You can open an account with $0.