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Zecco feels like a breath of fresh air on the mean streets of Wall Street. Its perky pink logo on the website shows this is not a macho stomping ground for the sharks of the street. Though I imagine quite a few men may be turned off by the pink graphics, I found them engaging. Zecco is a site to invest and mingle and build a community of fellow investors.
Zecco.com provides up to 40 free stock trades per month. After using the 40 free trades, there is a $3.50 charge for each trade. One may make up to 10 trades in any one day. This may be the site of choice for nascent day traders. Zecco is a site for free trades and social networking. The site does not require a minimum balance. The online application takes about ten minutes to fill out to open a new account. Accounts are protected by the SIPC up to $500, 000.
You may create a virtual portfolio to test your feel for the stock market. This gives you a chance to track stocks without putting any real money on the line just yet. So create a virtual portfolio of your dreams and track its progress to learn the rhythms of the market.
The virtual portfolio could be an interesting way to teach a young adult how to start to invest in the market.
The website provides a list of media coverage of Zecco by CNBC, USA Today, AP, CNN, and Money. Some key functions on the site include: a Watch List, a search box to find information on blogs and forums, a Get Quotes section, a News Center, Market Data, and a FAQ section. There is also an interesting section called The Market Dance, which says it "covers the moves of the markets through the eyes of the insiders."
The site is easy to use and testimonials from clients are provided. Customers are given the address of: CustomerService@ZeccoTrading.com for any questions that arise when using the site. The telephone number for Zecco is: 909-657-6655. Zecco is a division of Equinox Securities and a member of NASD.
I just learned about Zecco today. My first run through of the website found it to be easy to use and full of helpful information. I've already told a few friends about the website. I look forward to comparing our virtual portfolios as we practice before testing out the site for real.
Though I do think a "buy and hold" strategy is often the wisest, with 40 free trades per month it may be tempting to try a bit of day trading for quick profits (optimism is important!)
Happy Trading!
By Julia Bodeeb - Winner, Pulitzer Center Global Issues contest (Washington, DC), semi-finalist: The Nation's poetry contest. Published in newspapers, magazines and many online websites. Sold jokes to a major comic. Over a...Next page: Cnn Money Exchange
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Read more...Beer Money Is the Greatest TNA Tag Team Ever
"Beer! Money!" Fellow writer Gina Geatches wrote an article stating her claim as to why the Motor City Machine Guns are the greatest tag team in TNA history. You can read her article here . So as friendly competition I've decided to counter that claim. What better counter to the Motor City Machine Guns than Beer Money? You say Alex Shelley and Chris Sabin, I say James Storm and Bobby Roode ...
Read more...Cops clean up ‘terrorist’ money launderer
This alleged terror “money launderer” sure got himself in some hot water.The feds got a windfall of financial evidence this week against an alleged Hezbollah money man they’d been tailing — all thanks to an allegedly bogus police parking placard he’d stupidly left on his car dashboard. Ali...
Read more...The Remarkable, Conflicted Ricketts Family (and Their Political Money)
Joe Ricketts, owner of the Chicago Cubs, Ameritrade, etc., is the very wealthy man who wants to spend $10 million on ads portraying President Obama as a leftist radical influenced by the Rev. Jeremiah Wright. But as families tend to be, the Ricketts (and their money) are not always on the same page. Here's a look at Joe Ricketts and his politically powerful kids.
Read more...Analysis: HSBC victory in UK case a relief to money-laundering monitors
By Martin Coyle LONDON, May 17 - Counter-money laundering officials have welcomed a British court decision that saw wealthy Zimbabwean businessman Jayesh Shah fail in his $300 million suit against HSBC ...
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