Zecco Modifies Commission Structure
Tip It!Just a quick note to say that I received an e-mail from Zecco today saying that they’re changing their pricing structure. For accounts opened prior to October 1, 2007 you’ll continue on the old commission structure through December 31, 2007.
This means that existing account holders will continue getting 40 free trades per month (up to 10 free per day) and paying $3.50 for each additional trade through December 31, 2007. After that, you’ll switch to the new commission structure (see below), which also applies to all accounts opened on or after October 1, 2007. The new structure is as follows:
| Minimum Balance | Free Trades | Price/Trade Thereafter |
| $2,500+ | 10 trades/month | $4.50/trade for additional trades |
| Less than $2,500 | None | $4.50/trade |
All in all, this is still a great deal that should result commission-free investing for all but the most active traders. And even for active traders, the price per trade is dirt cheap after you exhaust your free trades. It’s definitely worth a look if you’re in the market for a low cost brokerage account.
Click here for more information or to open an account.
Published on October 3rd, 2007 - 3 Comments
Filed under: Online, Saving & Investing
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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October 4th, 2007 at 7:00 pm
applied for a 0% Discover card listed in the 11 with no transfer fee; however, Discover is charging a transfer fee. Still love your website.
October 16th, 2007 at 5:40 pm
Zecco is a bad brokerage firm to do business with. Just a warning for all you guys out there thinking about checking them out. You’d be better off going somewhere a little more established that actually has a customer service dept. You can read about my dealings with them here:
http://theitguysblog.com/2007/.....stay-away/