Zecco Forex Broker Review

  • Zecco Forex Inc. was launched in April 2009 as a subsidiary of Zecco Trading Inc.
  • Based in Burlingame, CA
  • Average spread 1-2 pips
  • Leverage up to 100:1
  • Minimum account size is $250 US
  • Accepts US clients
  • Regulated by NFA (National Futures Association)

Zecco Forex, Inc. (“Zecco Forex”) acts as partner brokering your account with GAIN Capital Group, LLC (“GAIN Capital”). Therefore, GAIN Capital actually holds and maintains your account serving the partnership as the counterparty and the clearing agent for your Zecco Forex trades as well as serving as custodian of your margin holdings.

Since Zecco Trading Inc. launching in 2006, more than 160K customers have traded online with Zecco Holdings. Zecco Forex is a fully owned subsidiary of Zecco Holdings and is a separate from but affiliated with Zecco Trading. Zecco Trading is a registered broker-dealer, member FINRA (Financial Industry Regulatory Authority) the primary regulatory body of the securities industry while Zecco Forex is subject to regulation by National Futures Association (NFA).

Zecco Forex, Inc. (www.zecco.com/forex), collaboration/partnership with GAIN Capital brings together Zecco’s strong presence in the online brokerage world and GAIN Capital’s Forex trading experience and proven trading technology. Customers and trading partners such as Zecco Forex Inc., utilizing GAIN Capital’s award-winning trading platform, have executed transactions totaling nearly $200 billion per month.

Trading Conditions

Dealing Desk

Zecco is not an ECN (Electronic Communications Network) Broker and offers the Zecco ForexTrader Desktop, a stand-alone installable Windows-based application operating as a dealing desk to trade foreign currency. Zecco also offer Zecco’s ForexTrader Web program that performs admirably and can certainly work as a teaching tool or for account trading/viewing when the Zecco ForexTrader Desktop is not available.
Zecco ForexTrader Desktop is provides real time information and tools to maximize your trading flexibility. It is a feature rich platform meant for serious traders and offers an intuitive interface, with a full suite of professional trading tools and customization features.

The trading software determines margin requirements and if funds are available in your account before entering a new position. If you have adequate funds, the new position is entered and the transacted is confirmed on screen and a report including date, time, rate, size transacted, USD value, and your reference number can be downloaded and printed.

Spreads, Leverage, and Currency Pairs

With spreads as low as 1-2 pips, Zecco Forex can offer, for the major currency pairs, some of the most competitive pricing available. These major currencies include the British pound, the Euro, and the Japanese yen (GBP/USD, EUR/GBP, EUR/USD, EUR/JPY, and USD/JPY), the Swiss franc (USD/CHF, EUR/CHF), the New Zealand dollar (NZD/USD, GBP/NZD), the Canadian dollar (USD/CAD), and the Australian dollar (AUD/USD, AUD/CAD), etc. All major trading pairs qualify for the 1% (up to 100:1 leverage) security deposit. The remaining non-major (exotic) currencies require a minimum margin deposit of 4% (up to 25:1 leverage).Through GAIN Capital, 37 currency pairs are available.

Account Types

For those clients who feel comfortable forex trading and are experienced trading online, Zecco Forex offers a standard account and 1% (100:1) maximum leverage. A mini account, best for beginners, offers smaller contract sizes of 10,000 but a 1% (100:1) leverage requiring only a $250 deposit.

Zecco Forex Pro ($10,000 or more) is provided for the active trader. Forex Pro clients benefit from “preferred” service allowing trades on Zecco’s tightest available spread, as low as 1 pip, and leverage up to 200:1 is some cases with just $500 necessary for a $100,000 contract.


Zecco Forex provides no nonsense tutorials on their web site that teaches, step by step, execution of forex trades and explains the intricacies of trading. The tutorials discuss the types of trades that can be profitable. With titles like Forex Basics, Technical Analysis (design a chart to see if you are looking at a fair price, looking at a cyclical top, or an unstable market), and Fundamental Analysis (the underlying core elements of a particular currency’s economy) tutorials attempt to teach the importance of market trends.
These tutorials, while detailed and informative, should be supplemented by registering for Zecco Forex’s free demo trading account that allows you to test your newfound knowledge by “paper” trading with a $50,000 account.

If you are then ready to take on the forex market, you should consider Zecco Forex’s Premium Forex Education that provides study at your own pace with online classes. Eventually, with the combination of tutorials, online classes, and the learning the intricacies of real life trading you will develop the instincts of a seasoned forex trader.

Customer Support

Customer Service is provided 24 Hours a Day, 6 Days a Week by toll free phone (866-567-0295). International customer service at (+1 626-529-7078) is available from 10:00am (ET) Sunday to 5:00pm (ET) Friday and the Fax number is (+1 626-529-7070).

A secure message center with over a 128-bit encryption connection is available at customerservice@zeccoforex.com to submit questions, comments, and forms.

Mailing Address for Zecco Forex:

GAIN Capital Group
Attn: Zecco Forex
Bedminster One
135 Routes 202/206, Suite 11
Bedminster, NJ 07921, USA

Online support and live chat option

Although probably more accurately an “educational” and not a “customer service” directly, Zecco trading maintains a community site “ZeccoShare.” This community includes very knowledgeable traders and trading groups who share strategies and their optimization. ZeccoShare also has a good deal of forums with a thriving community. Although, forex trading is a newer addition it is beginning to gain grown among the securities traders.


The risks associated with an on-line trading system include (in legalese, but not limited to) the failure of software, hardware, and loss of am Internet connection. Although, GAIN Capital minimizes the possibility of system failure with back up systems trading via telephone is always available
Phone Trading is provided 24 hours a day, stating Sunday at 5:00pm (ET) and closing on Friday at 5:00pm (ET). All phone trades are subject to a margin availability check as provided in the Zecco software and are manually entered into the customer’s account. For the safety of both parties, a recording of all telephone calls is saved for the record with the transaction number.

Zecco Forex is a member of the National Futures Association (NFA). This self-regulatory organization of the U.S. futures industry functions to maintain market integrity, protect consumers, and help members fulfill their regulatory obligations. In addition, the NFA serve as an arbitrator between members and clients. GAIN Capital is also a member of the NFA and a registered Futures Commission Merchant (FCM). GAIN Capital accounts are FDIC and Fidelity Bond insured. Individual trades are not insured but the unused cash balance in your account is covered. Finally, GAIN Capital has $2 Billion in available liquidity.