TradeKing vs Zecco

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TradeKing and Zecco are two of my favorite brokers, if you’ve been to this website before you’ll already know I highly recommend both these brokers to traders who are just starting out.

But which one is best, is there anything to choose between them? To find out we’ve pitched them against each other head to head. We’ve compared them on price, trading tools, functionality and customer service to help you make a decision.

After reading this article you should have a clear idea which broker suits your trading style and experience best. Use the tables below to compare each broker, remember to take into account your level of expertise and any special requirements you may need.

Products & Services
Broker	TradeKing	Zecco
Rating	[rating:5/5]	[rating:4/5]
website	Visit the TradeKing Website	Visit the Zecco Website
Our Review	Read Our TradeKing Review	Read Our Full Zecco Review
	Bank Deposits	Bank Deposits
	Bonds	Bonds
	Certificates of Deposits	Certificates of Deposits
	Day Trading	Day Trading
Services	Extended Hours Trading	Extended Hours Trading
	ETFs	ETFs
	IRAs	IRAs
	Mutual Funds	Mutual Funds
	Trading Community	Trading Community

Services Overview

You can see that TradeKing offer a complete product set with the exception of day trading, Zecco isn’t far behind only missing out on Certificates of Deposits (CDs) and extended hours trading.

CDs aren’t one of the most popular investment products; in fact most of the smaller brokerage houses don’t offer them. But if you think you might use them as an alternative to money in the bank, its comforting to know they’re there.

A lack of extended hours trading is more of a concern, especially if you live in one of the western states. I know a lot of Californians check their portfolio after work, so it would be nice to think adjustments could be made there and then rather than waiting until the next business day.

Trading Tools
	TradeKing	Zecco
	Automated Trading	Automated Trading
	Investor Resource Center	Investor Resource Center
	Mobile Trading	Mobile Trading
	Online Advisor	Online Advisor
Trading Tools	Profit & Loss Calculator	Profit & Loss Calculator
	Streaming Charts	Streaming Charts
	Stock & Fund Screeners	Stock & Fund Screeners
	Tables & Graphs	Tables & Graphs
	Training & Education	Training & Education
	Virtual Trading	Virtual Trading

Trading Tools Overview

You can see that both brokers are fairly equally matched in terms of trading tools, so it’s really going to come down to which platform you like best. Fortunately both brokers offer a virtual trading facility so you can give each one a test drive before committing yourself.

In terms of functionality Zecco’s platform is a little bit more intuitive and offers some helpful tips along the way. Trades can be executed quickly without the need to visit two or three screens.

TradeKing’s platform is a little more grown-up, it’s not difficult to use by any means, it just looks and feels like a more professional platform, which I know some people prefer. It does have more options based tools, so if your strategy includes options trading, TradeKing is the way to go.

Basically the Zecco platform is aimed squarely at beginners and TradeKing have a platform that’s suitable for both beginners and intermediate traders.

Summary

When it comes to price you can see again that both brokers are equally matched. There are two key differences, broker assisted trades and IRA fees.

If you’re looking to manage your Individual Retirement Account there’s only one winner, TradeKing who don’t charge an annual IRA fee.

Zecco is also way more expensive for broker assisted trades, and there’s a reason for that. The majority of Zecco’s clients are beginners and would take full advantage of assisted trades if they were offered at the same price as normal trades.

As a result their trade desk would be overflowing with traders eager to make their first transaction. There would be no incentive to learn how to trade using the platform and they would have to employ significantly more staff to manage the call volume.

TradeKing on the other hand have a mix of both beginners and intermediate traders so the pressure on the trade desk is subsequently reduced.

One of the biggest benefits you’ll get joining either of these two brokers is their trading communities. The TradeKing community is split up into different sections depending on your experience and ability. There is some excellent advice in there from experienced trades more than willing to share money management tips and strategy development ideas.

The Zecco community is aimed more at beginners; again there is some excellent advice in there from experienced investors within the community who are keen to share their wisdom.

If your new to trading and don’t know a stock from an ETF or a mutual fund from an option, then I would recommend Zecco. If you’re a little more experienced and have already carried out a few trades, TradeKing are the way to go.

You may also like:

1. TradeKing vs OptionsHouse
2. TradeKing Review
3. Zecco Review