Zecco.com (Free Trades Online)

[kelvinsense]

Hello all,

Just wanted to my make my first contribution to two+two by telling you all about zecco.com. They offer free trades (10 per day ,40 a month). The minimum account balance for daytrading is 25,000. They offer cash accounts, margins, etc. Just a way to save some money on your investments.

Being 17, with only about 200 a month to invest, it's saved me a big percentage of money.


www.kelvinsense.blogspot.com
^ Here's my blog that includes a little about zecco and the stocks in my portfolio.

[gordongecko]

Do they happen to cover the non us exchanges at all? If this isn't spam thanks a ton, but this definatley sounds too good to be true. Even the brokerage houses have to pay fees on trades, so even if they want to go commission free as a loss leader they would be paying out of pocket for every trade done.. interesting though thanks.

[kelvinsense]

gecko,

this isn't spam. Zecco makes money off of their margin accounts (which still isn't a lot) and I think they are probably operating at a loss right now.

Before e-trade and scottrade, trades used to be more than $10 dollars. There are other sites that offer even $5 and lower trades, so it was inevitable that competition breeds an even lowest cost online broker.

There aren't any hidden fees that I can think of. I've been with them for a few months. They also have discussion forums
and I haven't heard anyone else complain. They charge about $50 to move your portfolio from another broker to them.

I'm not sure about the non us exchanges but i'll look into that

[jman3232]

They make money a bunch off of advertising.

[emon87]

you can't just link your blog like that,

also, zecco is legit. Bank of America offers free trades as well if you meet some account requirements.

[Uglyowl]

Zecco has been discussed here before.. Search and you will see the pros/cons and when it should be used.