Replies to post #892 on Zecco

[Frank0051]

Yeah, they've been accepting them since November if I'm not mistaken. It's a little patchy though.

And, you just nailed it on the head: ETrade charges $9.99; if I'm not mistaken there is also account minimum. With with ETrade being a low-cost brokerage firm, there still still a big difference between low-cost brokerages and discount brokerages like Zecco: whereas Zecco and the other discount costs firms pass through the costs in order to keep the trade cost low, low-cost firms pad the price and work through volume to cover the costs not passed through.

So, what happens: to trade regular stocks you end up paying 101.8% more, and when you trade fully registered pennies, you end up paying 43.74% more. I'm perfectly content with the price I'm trading at currently with Zecco (don't get me wrong, their customer service sucks and Zecco Editor is a gaint jack-hole). Why? Because I'm not an idiot that trades unregistered securities. I do my DD and look at look at the filings of a company I'm looking to invest in; why you would want to invest in a company that doesn't file and doesn't comply with SEC regulations (unless you are investing in an ADR that is regulated in its home country) is beyond me.