| Asset class | Details |
|---|---|
U.S. Stocks |
|
Options |
|
Mutual Funds |
|
| Qualification | Cost per trade |
|---|---|
Less than 25 trades per month and account balance < $25,000 |
$4.50 / $19.99 (broker assisted) |
More than 25 trades per month or account balance > $25,000 |
10 free trades, $4.50 / $19.99 (broker assisted) after |
| Channel | Cost per trade |
|---|---|
Online |
$4.50 + $0.50 / contract |
Broker assisted |
$19.99 + $0.75 / contract |
| Channel | Cost per trade |
|---|---|
Online |
$10.00 |
Broker assisted |
$19.99 |
Minimum Balance (Cash) |
$0 |
Minimum Balance (Margin) |
$2,000 |
Minimum Balance (IRA) |
$0 |
Cash Interest |
0.10% |
| Margin debit balance | Above / Below base rate (Zecco Base Rate is 7.20% as of April 1, 2008) |
|---|---|
$0-$49,999 |
Base rate - 0% |
$50,000-$499,999 |
Base Rate - 0.50% Negotiable, call 877-700-STOCK |
$500,000+ |
Base Rate - 2.50% Negotiable, call 877-700-STOCK |
| Tools | Service Features | Trade Features |
|---|---|---|
|
|
Inactivity fees |
$0.00 |
Options exercises and assignments |
$4.50 |
Accommodation Transfers |
$25.00 plus certificate fees per issue |
Outgoing Automated Customer Account Transfer (ACAT) |
$50.00 per account |
DTC Transfer Fee |
$25.00 per request |
Physical Stock Deposit |
$75.00 |
Cash withdrawal prior to trade settlement(s) |
$20.00 plus interest to settlement date |
Reg. "T" Extension |
$10.00 per request plus interest from settlement date until paid |
Reorg Items and Tenders |
$15.00 per request plus interest from settlement date until paid |
Research & Statement Copies |
$15.00 per hour (1 hour minimum) |
Returned Checks |
$20.00 plus interest from the earlier of the settlement date or date of deposit |
Returned ACH Fee |
$25.00 |
Securities purchased against Non-Cleared Funds |
Interest on balance (see margin interest rates) |
Taxpayer ID Penalties |
At cost |
Transfer Fees |
At cost |
Wire Funds |
$15.00 |
Foreign Wire Fee |
$50.00 |
Saturday Delivery Checks |
$25.00 |
Overnight Check Delivery (U.S.) |
$20.00 |
Overnight Check Delivery (Int'l) |
$30.00 |
| Contact Information | |||
|---|---|---|---|
| Mailing Address | Zecco Trading PO Box 60126 Pasadena, CA 91116, USA |
Phone Phone Hours |
877-700-STOCK 877-700-7862 9AM-6PM (EST) Mon-Fri 6AM-3PM (PST) Mon-Fri |
| Website | www.zecco.com |
Fax | 626-529-7077 |
|
|
| Zecco Reviews (13) |
|---|
A great broker to get started
If you're looking for a cheap way to get started in the stock market, Zecco might be the best option for you.
As I have only little money to invest (<$10,000), I was looking for a broker that...more
|
You get what you pay for.
I started with Zecco March 2007 and am pretty happy. Zecco has the lowest commissions I have found, and no commissions at all for a long-term investor in stocks.
At various times, especially...more
|
Awesome!
I have accounts with Scottrade and Zecco. Zecco is better than Scottrade by far . Trades execute fast and are generally free! Have never had any issues with logging into the website and have had a...more
|
