The price is different and you can certainly get a better price (for market orders) with Zecco than ETrade. I think it is still more advantageous to have a faster execution rate though since you are getting the stock closer to the time you want which most likely means closer to the price that you want it at. (then again, if you really want to have it close to the price that you want, you should do a limit order).

I think it’s more accurate to say that you get a different price, but not necessarily a better one with slower execution. If Zecco is slower, that means it’s just different, and doesn’t necessary give E-Trade and advantage.

These include cell phone plans btw. I know people who are paying $15 per month for plans and there is no way to get those plans nowadays.

I think debate is healthy!

How often to Wells Fargo and BAC change their credit card rates, savings rates and product mix? Financial services companies are constantly changing because of customer demands and technology.

As far as execution, my trades have been executed in a matter of a couple of seconds. As soon as I enter the trade, I click on the exection details and the trades have been completed.

To verify the execution rate, all someone needs to do is fire up a level II quote window from one broker (i don’t believe Zecco has that option yet but correct me if I’m wrong), then just see how long it takes your order to show up, and order executed.

Zecco’s FAQ says it can take up to 30 seconds while ETrade has a 2 second guarantee on market orders for S&P 500 and ETFs.

I apologize to everyone that I continue to fuel the dispute of ETrade vs Zecco

Everyone should just go with whichever broker they are happy with because that is the most important!

I’m not quite sure how market orders are better with “better execution.” If the stock is rising that very might be the case. However if the stock is falling, chances are that a slower execution will pay off. I don’t know how you can say one is going to lead to better results than the other.

I would like to see a scientific study that Zecco is worse that E-trade with regard to execution. It seems like speculation.

I think I’m talking about Zecco as a company in planning but you and The Div Guy is talking about the fact that you don’t have to pay while trading with Zecco. I just hope Zecco can stay solvent since I think they are changing the industry in a good way even though they don’t seem to have everything well thoughtout yet.

I support Zecco’s new limitations 100%because it will weed out the more expensive customers who trade all the time and make sure I’ll continue to have $0 trades.