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Zecco reviews, customer complaints, rating, brokerage account pros and cons. Is Zecco Trading good and safe company?

UPDATE: Zecco is now called Ally Invest.

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Zecco Customer Reviews

by Trader, 10/1/2012

Pros:

Cons:

I used Zecco as my first broker . Zecco is very user friendly and easy to use website with a great interface. Very low cost broker , one of the cheapest out there. Excellent easy to use platform for trading , though it is better suited for swing traders or investors as it might not be that quick for day traders as its a retail broker and does not offer direct ECN access. Zecco does however offer the best options tools and a great customer service with live chat and phone line along with email support which usually replies within 1 business day. All in all very good broker , no problems whatsoever , wire transfer were done the same day as well.

its meant for swing traders or people who hold the stock for a few hours + for day traders , may not be ideal.

by MikeLeFever, 8/13/2012

Pros:

Cons:

Not bad for the new investor. Zecco is not a bad discount broker. They offer relatively cheap trades compared to big brokers. Ive been with zecco for about a year and have had some problems with the old clearing firm penson but now they have switched after the erger which will hopefully bring good things. Overall i would say tha zecco is a good choice for someone who is just starting out or someone who likes to trade penny stocks without getting slammed with ridiculous trade prices.

by Eduardo, 4/23/2012

Pros:

Cons:

This is a good company for everything except.....one thing. If you like to short sell, than Zecco is not your company at all. However, the customer service was very good and the execution was fast with cheap commissions. The charts and the graphs were just okay. They were not great or terrible, but decent. Because of the cheap commission and the quality customer service, I would recommend Zecco. However, even with that, I would not recommend Zecco for short selling, because I don"t think it even exist. As long as you know that going into it, in my opinion, it is good for what you pay for.

by Income Investor, 11/22/2011

Pros: Online community

Cons: Cancelled free trades

Who $250K+ would invest in Elite Premium Service without free trades?
I will admit that I love their online community.
They need to extend their DRIP service to include REITs.

by Neil, 7/13/2011

Pros:

Cons:

This is probably the cheapest brokerage in terms of stock execution fee. The only problem is that they don't have their own software and some of the features could be better. I know the discussion groups that they have are useless as no one is really active on them.



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Brokerage Review Websites About Zecco Broker

"Zecco has a great pricing structure for experienced and active traders. 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 trades, check out Zecco."

TopTen Reviews

"TradeKing has a wide range of tools available to long term investors and active traders... SmartMoney rated TradeKing #1 in customer service in 2010-2012 and gave them a 5 out of 5 rating. ... Zecco has a great online community, FOREX, and mobile trading apps. I look forward to when the merger is complete."

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Zecco Account

Formed by the merger of two online brokers, TradeKing and Zecco, Ally Invest has become one of the largest discount brokerage in the United States. When the merger was completed in December 2012, the new company had $2.6 billion in total client assets under management and over 500,000 active accounts. These numbers have been growing consistently since then.

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Zecco reviewed by former and current clients. Zecco customer reviews: 5. Rating: 4.