Are you tired of being nickel-and-dimed by your broker? There’s no reason why you shouldn’t keep more of your money for yourself. In this article, we’ll show you how to reduce your brokerage fees by opening up a free Zecco account.
Zecco is on the map for one simple reason: low cost. You can execute trades for less than $5 a piece (as opposed to $10-$50 in some other brokerage houses). They don’t have any of the fancy features of other brokerages, but its a great solution for those saving for long-term goals like retirement or education.
Here’s a step-by-step guide to walk you through the account-opening process. It takes less than 10 minutes from start to finish.
Step 1: Start your application
Just visit Zecco and click on the “open an account” button. You’ll be taken to this page:
Fill out all the fields and then click the “sign up” button
Step 2: Personal Information
You’ll then be taken to a screen asking for personal information. After you fill out this form, you’ll be asked a number of questions about employment status, income, and net worth. If you open a joint account, you’ll have to fill out personal information about each account holder.
Step 3: Sign up for paperless statements and fund your account
Signing up for paperless statements is great for two reasons: you’ll save money on monthly mailing fees and you’ll help the environment. After you select this, go ahead and pick how you want to fund your account.
You are basically all set. In a few days, you’ll get a confirmation of the direct deposits and will be ready to start funding your account.