Thursday, July 15, 2010

I switched to Zecco

After extensive researching other brokers like Scottrade, E*Trade and a few others my vote fell with Zecco. I finally switched to this 'deep discount' broker for all my trading needs. Yes all, they even offer Forex trading so I didn't see any need to stick with my old broker that just specialized in Forex trading, in the end it doesn't make any difference anyway. They're both the same price and have the same spreads on all major pairs.
What I'm really excited about is stock, ETF and option trading though them. I'm going to shift more towards these trading instruments since Forex trading, my main occupation at the moment, carries too much risk, and since the CFTC changed the leverage policy, the reward isn't what it used to be. I will still be trading Forex and give trade recommendations on the website, but be prepared to see more information about for example stock alerts, and articles about general investing in stocks, ETF's and options!
So far, I've been very pleased with Zecco. Their research instruments are far beyond what I have seen on any other website and their community is fantastic too. I'll probably be sticking around for a little while.

Disclaimer:

All opinions expressed, trade recommendations/advice on this website are solely of John van der Munnik and are not affiliated with any investment firm or any other organization. You should not make an investment only based using this website VDM Trading for your trading needs without seeking help from your own financial advisor.