Update: Starting in early march 2009, Zecco changed their stock trading fees. In order to get the 10 free trades/month investors must have at least a $25,000 balance in their brokerage account OR they must have executed at least 25 trades for the previous month. Otherwise the commission is still pretty low at $4.50/stock trade.
Zecco, the online stock brokerage has revolutionized online stock trading over the past two years with its ten free trades per month policy, no account minimums and the ever growing investment community that this broker has created on their site. Using Zecco’s community you could get in touch with thousands of investors, who are taking advantage of the free stock/ETF trading.
Since I make several trades a month as part of my process to build my dividend portfolio, the free trades that Zecco offers its brokerage customers really saves me some money.
The main reasons why people switch over to Zecco include:
1. Zecco offers 10 free stock trades/month if you open an account, and maintain a balance of $25,000 or execute at least 25 trades/month.
2. After you use the ten free trades per month you are charged only $4.50 for stock trades
3. The execution is instantaneous for market orders and there’s no slippage
4. There are no minimum balances to open and keep your brokerage account 5
. There are no monthly inactivity fees for brokerage accounts
6. You can trade stocks, ETFs, options, mutual funds
7. The account opening process is straightforward and there’s no paperwork involved – it’s all electronic
8. You get free real time quotes and charts with your Zecco account.
9. You can open a Traditional, Roth or Rollover IRA.
10. If you link your brokerage account to your checking/savings account your ACH transfers take 2 business days
The ten free stock trades per month are definitely worth opening an account at Zecco.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
I review the list of dividend increases weekly, as part of my portfolio monitoring process. I usually narrow the list down to companies with...
-
The dividend aristocrats list shows companies in the S&P 500 index that have managed to increase dividends for at least 25 consecutiv...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years...
-
Warren Buffett’s Berkshire Hathaway just received a dividend check for $168 million dollar from Coca-Cola. Berkshire Hathaway owns 400 mill...
-
Warren Buffett and Charlie Munger need no introduction. If you do, please check the Wikipedia entries for each fellow. I am a big fan of bot...
-
A lot of times the best investment ideas are right under our noses . As individual investors and everyday consumers, we have an edge over Wa...
-
As part of my review process, I monitor the list of dividend increases every week. I usually focus on the companies with at least a ten year...
-
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over ano...
-
Nestlé S.A. operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; ...
-
The Procter & Gamble Company (PG) provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pac...

It sounds like a good deal. Can you trade options,bonds,mutual funds or futures?
ReplyDeleteYou could trade options and mutual funds. Zecco does not offer forex or futures trading at this time.
ReplyDeleteAnyways I think that Zecco is a very good option for long-term investors and not so active traders making few trades per month
This comment has been removed by the author.
ReplyDeleteI have zecco account and they have great community. Anybody here interested in crating dividend group? my id is husamia
ReplyDeleteHello...I prefer Sharebuilder. The one-time trade is a little higher at $9.95, but having the dividends reinvested free of charge (will even buy partial shares) out weights the higher cost (IMHO). If you have an investment you want to purchase over the long time, you can set up a reoccurring buy on Tuesdays for only $4.
ReplyDeleteGreat blog by the way. Huge dividend fan. The dollar cost average and compounding of reinvesting dividends is incredible.