Docstoc

Zecco has free stock trades and no minimum balance

Document Sample
Zecco has free stock trades and no minimum balance Powered By Docstoc
					Zecco has free stock trades and no minimum balance


                                              Zecco has free stock trades and no minimum balance

   Do I need to say anymore?

   I posted about Zecco.com a few months ago in this post. Apparently they lowered their minimum balance from $2500
   to $0 since I last posted about them.

   What is the catch? For most people there isn’t one. They give you up to 10 free stock trades a day or 40 per month.
   Anything over that is $3.50 per trade (which is still a steal). I found out that they make the majority of their revenue
   from options trading and interest on uninvested balances.

   I just opened an account with them and I am still in the process of transferring my stocks over. I will post if I have any
   negative issues with them.

   Article By Bob

   Read more from +Bob here.

   UPDATED: 2-3-2009…
   I just got recently got an email from Zecco announcing that they are doing away with free stock trades for accounts
   with less than $25,000. This is a bummer, but I always wondered how they could afford to pull off an offer like that.
   Apparently, with the economic challenges they weren’t able to.

   How to qualify for free trades at Zecco

   According to the email I received there are still two ways you can get free stock trades…

           1. Keep $25,000 in net assets in your account. This doesn’t have to be cash — it can be stocks, ETFs,
           mutual funds, options, or other assets.

           OR

           2. Make 25 total trades in a calendar month. These can be stock, ETF, or options trades. And yes, free
           trades count.

   Other options for cheap stock trades
   Zecco

   Well, even though they aren’t free any longer for the smaller investors, Zecco.com still offers trades for $4.50, which
   is a pretty good deal.

   Sharebuilder

   I have written about my Sharebuilder experience, since they were the first online broker that I opened an account with.
   Sharebuilder allows you to buy stocks for $4.00 but they are not real-time trades (they are batched every Tuesday) and
   selling stocks costs about $10. That brings you to a total of about $14 which is a little higher than the $9.00 total at
   Zecco now.

   That said, one of the things that makes ShareBuilder great for beginner investors is that they allow you to buy


file:///C|/Documents and Settings/Administrator/     /     (4)/Zecco has free stock trades and no minimum balance .html[2013-4-24 20:14:35]
Zecco has free stock trades and no minimum balance

   fractional shares. So you can get started investing for as little as $100.




file:///C|/Documents and Settings/Administrator/     /   (4)/Zecco has free stock trades and no minimum balance .html[2013-4-24 20:14:35]

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:2
posted:4/26/2013
language:English
pages:2