Zecco Review - Low Commission Stock Trades

For those of you who are new to investing, commissions are one of the most costly items for an active trader.

Typically, when you buy a stock you pay a broker a commission. This can range anywhere from $7.00 on up depending on how much you want out of your broker. Then of course when you go to sell a stock you have to pay an additional commission of $7.00 on up.

So even with the cheapest discount broker you are going to pay at least $14.00 each time you buy and sell a stock. So if you are an active trader that can add up to a lot of money over the course of a year.

However, there is an online broker on Wall Street who has made the playing field more level for the average investor.

Zecco is a division of Equinox Securities, a fully disclosed broker/dealer and member of the NASD and SIPC, and they offer extremely low commission rates for online trading.

So what's the catch?

Zecco is more for investors who just want access to a reliable online trading platform. They do not offer some of the bells and whistles that other brokers may offer. So it just really depends on what you are looking for, and how much help you feel you need in making your investment choices. As well as how much you are willing to pay in commissions.