Comments on: Zecco vs TradeKing – Online Stock Trading Comparison

By: voluble

voluble — Sat, 08 Aug 2009 19:10:46 +0000

Thanks Dayne for the heads up on the idiot CEO’s showing his ignorance in such an embarrassing and public fashion. I had literally just opened an account and was about to fund it with the first 50k of a 1.7 million dollar portfolio so I owe you one.

If you were to ask him I would bet the CEO is as clueless as MJ as to why it is beyond the pale for a representative of any company, but especially one that trades in stocks to come out and advocate for the confiscation and re-allocation of wealth by force. The irony is simply lost on them.

By: MJ

MJ — Wed, 24 Jun 2009 22:16:21 +0000

You idiot. What difference does the CEO’s opinion on healthcare have on how the company executes trades.

By: dayne dehaven

dayne dehaven — Tue, 23 Jun 2009 14:09:05 +0000

i am leaving zecco because of the ceo. he shudda kept his opion on healthcare to hisself.

By: Frugal Trader

Frugal Trader — Wed, 01 Apr 2009 02:04:57 +0000

Zecco or Tradeking? There’s no comparison for me. Zecco because it is cheaper. $0.45 is $0.45. It still adds up.

By: Jeffrey

Jeffrey — Tue, 31 Mar 2009 04:35:38 +0000

Tradeking. Fast execution. Responsive customer support. Low commission rates. (I know it sounds like an informercial but I highly recommend them).

You can’t go wrong with Tradeking. I can’t say much about Zecco though since I’ve never tried them.

By: Oscar

Oscar — Sun, 29 Mar 2009 03:28:23 +0000

Tradeking is one of the best brokerages there are. I’m surprised everyone likes Zecco so much or even compares these two. They just aren’t in the same league in terms of support and trade execution.

By: George

George — Fri, 20 Mar 2009 18:58:53 +0000

I’m in the TradeKing camp. I don’t know why people worry about $5 a trade when it’s a $0.01 difference can sometimes already mean $5.

Go with the broker that can get you the best advantage of getting good prices and stop worrying about free trades.

By: Jim

Jim — Tue, 17 Mar 2009 18:57:54 +0000

Peter, $700 certainly sounds like a lot but I only buy stocks once a month via my automated investment scheme into mutual funds. For me, Zecco saves me about $60 a year. Is it worth it? So far, yes because I haven’t called customer support yet but the fact that they get low ratings is always in the back of my mind.

By: Peter

Peter — Sun, 15 Mar 2009 17:33:33 +0000

I have a Zecco account and I love it. I was trying to convince my friend to switch and I looked at his commissions from his Tradeking account. He was doing 20-30 trades on average a month so even at 10 free trades a month, that’s about $600 (~$5 x 12) for the free trades + about $5 – $10 a month (another $100 or so a year), totaling $700.

For $700, I can forgo the super infrequent phone call to customer service (especially since it’s not that customer service is non-existent).

By: Dividend Growth Investor

Dividend Growth Investor — Sat, 14 Mar 2009 14:20:43 +0000

MN,

Thanks for the review. As a buy and hold investor (mostly) I do prefer Zecco only because it charges some of the lowest fees around. The potential problem with Zecco however is that their business model is not proven yet.. They used to offer 40 free trades/month back in 2006, then switched to 10 free trades/month and now they only offer free trades if you hold a balance of over 25K.. I wonder if they would still be around 1 decade from now

Dividend Growth Investor