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Zecco Offers Unlimited Free Trading!
By The Net Analyst | October 4, 2008
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The Catch: Zecco and several other online brokers experienced huge increases in trading volume last month causing problems with some of their trading platforms. The problem has been resolved and since then Zecco has doubled their available trading capacity with more increases to come. Because Zecco is a customer friendly broker and they made lots of money from the volatility last month, the CEO has decided to give everyone unlimited free trading for the entire month of October. I have written about Zecco in the past (see Best Discount Brokers) and this good faith effort to keep traders happy has reinforced my positive opinion. They do charge extra for services like GainsKeeper and advanced trading software but its worth it for the 10 free monthly trades and $4.50 trades thereafter. The new deal they have going with unlimited free trades is unheard of and offers a good opportunity to check them out. Aside from one tough week in September, I have definitely seen major quality improvements in the last few months. Thanks Zecco! |
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Zecco offers 10 free stock trades per month with a minimun balance of $2,500 and some excellent community features. After that trades are just $4.50 and low-cost options contracts are available. Zecco makes most of their money off of margin accounts, which also have reasonable interest rates. This allows room for your free trades. You can also be assured that competent people are running the company considering that they hired the former COO of BrownCo (one of the first online brokerages bought by Etrade). Their website has recently been revamped to include a more user friendly dashboard and Gains Keeper makes record keeping easy for a small bi-annual fee. |
