Zecco Review PROS Great trading fee of 4.50, up to 10 free transactions per month, FOREX trading in 37 currency pairs CONS No mobile phone applications, limited education and information resources on VERDICT stocks If you are shopping price and know what you are doing, Like Zecco. Editor's Note: This product was removed from our side-by-side comparison as it was replaced by another product. You can always read our original review below, but Top Ten Reviews no longer updates the information for these products. Zecco online trading service has a good pricing schedule and could be a good option for those who do a lot of trading and know what they are doing, like day traders looking for a quick gain. They support a commercial community to interact with other traders and they host interesting educational videos. Zecco offers easy and cheap market prices of 4.50 for market, limit and option trades and 19.99 for broker-aided trades. Options are available at only 50 cents per contract. They also offer free trades to those with a balance of over 25K or to those who are active traders with 25 or more trades per month. They offer stocks, IRAs, options, EFT, mutual funds and FOREX trading. They claim to be able to execute orders at an average of 1.07 seconds, with about 100 corresponding quotes accuracy. This service is fairly easy to use and straightforward. However, it appears to be more focused on price buyers than new investors. This service provides educational tools for stocks, options and currency exchanges as well as video tutorials with exceptionally attractive presenters (you will need to visit the site to understand what we are talking about here). They also offer market updates, market engines and streaming news. And the investment tools they offer include screeners, alerts and analysis options. Online Zecco trading posts, FOREX and holding of FAQ. As mentioned, they also host a business community and you can contact them by email, chat or phone.
Their phone support hours are 9 AM-6PM (EST). Zecco has an excellent pricing structure for experienced and active operators. However, many other services offer more education and research, which is more applicable to long-term investors and new investors. But if you know what you are doing and are shopping for cheap deals, check out Zecco. TradeKing Forex Review Low Barriers to Opening an Account While some brokers like ATC brokers have initial investment requirements of 5,000 you can start trading on Forex TradeKing8217s Platform with as little as 500. The Low minimum and ability to negotiate micro lots play well with the novice investor. Add price spreads as low as 1 pip and it8217s easy to see why TradeKing Forex is ideal for the investor with a budget with a small bankroll. Automated Strategies of Expert Advisors Advanced traders can leverage the expert adviser (EA) strategy within the MT4 platform. Operators evaluate the market for opportunities to automate business decisions and define risk management criteria. EAs are an effective way to take advantage of market opportunities without the investment of time in front of a computer. Intuitive interface and customizable layout New traders appreciate intuitive sensation by placing trades and checking orders. This is done easily by clicking on the trading panel where each spread is updated in real time with buy or sell buttons for quick execution. More advanced traders can take advantage of the customizable layout by creating multiple chart windows or a tracking list of the major currencies to follow. Solid Data Reporting and Reporting Functions Reporting functions are often overlooked, but TradeKing provides useful reports that can all be exported to a file. CSV. The account value summary breaks down your operating balance by displaying all types of transactions, so you know if an increase comes from a realized PL, an interest or a customer deposit. Come tax time, export your completed report PL for a simple transfer to your accountant. Markets in one click Markets move quickly and TradeKing lets you capitalize on rapid market movements by entering trading with a click of the trading panel.
Instead of opening a purchase order, choosing the type of order and setting a price limit, simply click buy or sell and your order runs quickly at the market price. It is also a useful feature when you learn to exchange, as it simplifies the process of entering commands. Low educational resources For a platform that seems to appeal to beginners, TradeKing Forex needs to improve in the education department. While the site does a decent job of walking a trader through the basics, it lacks videos and webinars that most other brokers offer. Brokers like FXCM and FXDD both knock education out of the park by offering courses, videos and platform tutorials. Limited access to other investments From the Forex TradeKing account, traders can trade gold and silver CFDs (contracts for difference). With only two trading options, TradeKing falls behind market leaders such as thinkorswim. Who offers shares, options, futures, as well as other investment products. Other investment products can be accessed through separate TradeKing accounts. Must be logged in for automated strategies Advanced traders can get excited about the automated trading capabilities of the Metatrader TradeKing8217s platform. However, you must be logged in to your account for the policies to run. An automated strategy should work without you there. Because forex trading markets around the clock, this requirement makes it difficult to execute TradeKing8217s automated strategies and defeats the purpose. Forex Trade: 13 Forex Trade Type: Pips Trade: NA Minimum Deposit: 500 Equity Trading: NA Stock: NA Clearing Method: Direct Treatment Maximum Trading (International): 50:01:00 Maximum Leverage (US): 50:01:00 Similar Products.
Info : https://www.zecco.com/