Open Your Account And Start Investing

Dec.16, 2007 in Investment Opinions, U.S Hot Stocks

Open Your Account

For most of newbie who are interesting in stock market, the first question comes to their head is how I actually to start. It is really simple and easy actually. I have used an account at Zecco to trade stocks for one year and I think I’m so lucky to found this to save commission fee. I couldn’t believe they offer free trades of up to 10 per month and the options trades are $4.50 per contract.

I’ve done a fair amount of trading this year, so migrating my investing from Ameritrade to Zecco should save me a few hundred bucks a year. It’s actually somewhat disturbing to even admit that I drop a few hundred dollars a year in trading commissions, but in reality, many people probably don’t even know how much they’re spending per year, or they’re in denial. Granted, commissions are tax deductible, but if you’re making say, high 5 figures and you have a mortgage and some kids, your effective tax rate is probably around 10%, so you’re not getting much back (on top of any capital gains taxes you’re already paying!).

Zecco.com this great website which I think you’ll like. It provides access to $0 online stock trades. And it’s not an introductory offer — you get up to 10 free trades per month, every month, as long as you have $2,500 minimum balance, and otherwise, it’s just $4.50 per trade! Options trades are only $4.50/trade plus $0.50/contract.

You can also join ZeccoShare, the new investor social network at zecco.com, where you can share your brokerage holdings, trade history and performance anonymously, and view the same of others. What’s more, when you sign up for a trading account now, you get a free book–Small Giants by Bo Burlingham.

Zecco.com is a financial portal of Zecco Holdings, Inc., which also provides access to Zecco Trading. Zecco Holdings is not a securities broker/dealer. All securities and investments are offered by Zecco Trading, Inc.

All You Need Is Open An Account And Deposit Your Money And Select The Stock You Want To Invest, That’s All.

Account Opening Process:
Mail them a copy of your application
If you need to mail them a signed copy of your Customer Agreement and you haven’t saved this agreement during the online application process, they’re happy to mail you a copy. Just sign and return it for them to process.

W-9
IRS Form used for updating Client Name, US ITIN, or Social Security Number.

ACAT Transfer Form
Form used for transferring accounts to Zecco Trading from another brokerage firm.

W-8 BEN
Form used for Non-U.S. Citizen and Non-U.S. Resident Account Holders. (if you are not in U.S)

Presence Test
Form used for verifying US presence.

Funding and Transfers:

How do I fund my account through ACH?

Please use the “Funding & Transfers” tab once you’ve signed in to your Trading Account to actually move money in and out of your Trading Account, or see below for options and instructions that will allow you to fund your account and start trading for free.

There is no fee on ACH in or out, correct?
Indeed. There is no charge to transfer in or out. If you’ve recently sold stock, however, it will take 3 business days from the trade date for the funds to settle and be available for transfer (Option trades will be trade date plus 1 business day). You may request a prepay prior to settlement and be charged $20 plus interest calculated from the day of the payment to settlement.

http://investment-blog.net/where-and-how-to-invest/

Did you like this? If so, please bookmark it,