DISQUS

footprint · 2 years ago

I wouldn't say zero marketing -- what do you call that huge zecco billboard on the way to SFO? :)

Wing Yu · 2 years ago

I once put together a business plan for a service that PAYS investors $1 per trade. It didn't get any traction. Maybe I didn't shop it with the right VC's...

MessageFan · 2 years ago

Social aspect is very important as the "research power" of many can move markets. Look at boardcentral.com for all the stats on stock message boards - great platform for crowd driven trading.

James Mason · 2 years ago

Zecco's services are incredibly disappointing. I pulled my funds out from them after only 2 months. I don't know about 1,000 new users a week, but from my experience, I'd rather stick with the big boys. I like the idea of social networking sites. Checked out SocialPicks.com, not exactly social networking in my dictionary. The blogs are all RSS'ed. And BullPoo.com? all I can say is it has an interesting name, but nice features. Like I said, I'd stick with the big boys in the field, Motley Fools.

Nicholas · 2 years ago

After seven days from registering online, I still cannot fund my account with Zecco. I emailed, I called but I didn't get an answer.
I am sorry that I have provided them all my "vital" data, hopefully they will not use them the wrong way.

Joey · 2 years ago

Zecco says nothing on its website of a $2500 minimum...

Jon · 2 years ago

In reference to above comment, Zecco did start out with $2,500 minimum requirement to open an acct. That no longer is the case. Zero minimum is now the norm. Be sure to go to the FORMS link and fill out and FAX over the money market sweeps form to earn interest on uninvested balance in your account. This is NOT the default when you sign-up for a Zecco account. You have to request it.

Lee · 2 years ago

Ok, I have honestly gave Zecco a try. I do options trading. This Web 2.0 trading platform, for the lack of a better term, sucks and is very often unreliable. On several occasions, I would try and try again and again to place an order and the order simply would not go through. Then, I try again later that day at odd hours like 12am and the order goes through. If you face this situation but must execute an order, you are forced to call in and their customer service is also lousy. And they are only working Monday-Friday. Their email support is also horrid. This test is over, I am closing and taking rest of my balance to my TDAmeritrade account.

Chusu · 2 years ago

I have this account and I have few problems with it but as far zero trading goes this can't be beaten. I made 14 trades with $4000 as strater in investing i am almost even ( at $3952.52) This would have cost me $140 in big three's yes it new and lack lot of features but hey can you beat free trades i cant not when i am buying 30 to 100 trades at most!!!!!!!!!!

It lack after hours trading so bad but i think give them some time and they will not disappoint you image big three are around from last 3 decades.

lkj · 2 years ago

AT&T cancelling accounts like zecco over customer comments


Watch what you say to zecco. BEWARE of ZECCO.com for investing, trading, options and stocks. It took over 5 weeks for them to setup my account and it still has not been created correctly. I don’t even have any stocks to transfer in. When talking to customer service I need to start over every time which takes a lot longer if any problem needs more than one phone call to resolve. There have been reports from people that the setup process is not clear so if you fund your account after they say everything is a go and you have not turned in your government tax papers they will withhold a sizeable chunk of your money.

Recently they changed their policy where if you no longer meet the New minimum balance requirements you do not get free trades. Even though their whole business model is built on free trades you don’t get any. Now my account is halfway setup at this point and I log in and I receive the notice saying everything is changing the minimum requirements for account, and the amount of free trades, and that you must meet the $2500 minimum to be able to receive their now ten (down from 40) free trades a month. I have not even traded my first stock with this service and the terms are changing. On top of that there is a $50 transfer out fee (up from $0) that is imposed now. This seems like bait and switch to me.

Now they contact me because they don’t have the required information that was already sent to them when my account was setup the first time. I send back that I don’t have time to start this process over with and I do not feel confident more or less in the company anymore. I also let them know that I am not happy with their business model now affects me and how I have been treated as a customer since the start. Now I have heard people criticize the company on their site which is always deleted by the moderator’s but also on the internet. I felt that I would make my own decision as their site seemed informative and I thought I know what I was getting into. All I wanted was for them to understand they are pushing customers away and that it would be beneficial to grandfather the people in that have been with the company or just signed up before this was enacted. I was not notified of this change by email or us mail as they stated before it went into affect and I just wanted to use my account with their new restrictions if need be but not be shutout by the new minimum balance.

Now I have my major funds at another broker since I wanted to make sure this company was of the straight and narrow before I brought my whole account over to them (like a lot of people do). Now these people are shunned away which may lose them business.

Now I understand that they are a new company but they don’t need to close my account because I stated I didn’t think I what they were doing was fair to me and to others. Most business owners would like to hear the feedback before it costs them money from customers taking their business elsewhere.

Moral of the story is watch what you say to Zecco just like ATT they may close your account if they don’t like what you say.

Zecco if you would like to contact me I would be more than happy to talk to you.

Thanks

Sam · 1 year ago

I opened an account 3 months ago, but I can't get the funding work so I decided to give up and use TD Amertirade instead. 2 days ago I got a letter from a law firm, suiting me owning Zecco 200 USD. And if I don't pay my debt with in 4 weeks, it will goes to my credit history. I called Zecco to clarify this, but none of the customer representative can give me a good answer to explain why I own 200 to Zecco. So now I am forced to pay 200 for no reason. I didn't even use Zecco to trade stock or anything, and now I am in 200 USD debt. I think this is one way that Zecco makes money ( since they declare they have 0 commission) by charing random account random fees for no reasons. I also find a lot of people posting on their blogs about how they can deposit money easily in to zecco but have a hard time or even can't withdrawal it at all from Zecco. So if you are still using Zecco trading, you might want to be careful about taking your money out, since it won't be easy.