Zecco Trading announced that it added forex services to its list of available products (through its partnership with GAIN Capital). This means that all investors on the Zecco platform can start trading foreign currencies (37 different pairs in fact). On top of that, it offers:
- Real time quotes
- 24 hour markets (for 5 days a week)
- 20:1 leverage for minor currencies (50:1 for major currencies)
- 24/6 live chat and support
- Daily Forex research
In the forex market, it is common for firms to make money off spreads (the difference between bid and ask prices) instead of charging commissions. Zecco Forex promises very tight spreads. If you open an account with $10,000, you qualify for Zecco Forex Pro which gives even tighter spreads.
This is great news, and I will definitely try it out. However, remember that leverage is high for forex accounts and you may lose a fortune very quickly if you don’t respect the leverage ratios.
Click here to go to Zecco’s official site.
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{ 1 comment… read it below or add one }
They definitely make good money off the spread. Who needs commissions when you are making that type of coin? Now that Zecco and Tradeking merged, I am not sure where this company is going. I love Tradeking and have mixed feelings about Zecco. In my review, I talked about a few things like the constant changing of “free this” and “free that”. It’s complete marketing stuff. On the other hand, Zecco does give the budget investor all the tools for a low cost.
Check out my Zecco Forex Review and let me know what you think:
http://www.investortrip.com/zecco-forex-review/