Zecco changes free trade offer.
October 1, 2007 – 3:54 pmIf you're new here, I suggest you subscribe to my RSS feed. or bookmark this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!
I guess the 40 free trades a month was a little too much. Zecco tweaked their policy a little bit. Use tobe 40 free trades a month/up to 10 per day with no minimum balance required to be eligible.
The new terms are $2500 minimum in net equity balance to get 10 free trades per month. $4.50 each trade thereafter. However, if you opened your account before October 1st (today), this doesn’t go into effect until December 31st 2007.
Link to Zecco notification on changes.
The 10 free trades a month still works for me since I generally don’t trade that much. The $2,500 isn’t a problem either. I guess a lot of people had a couple hundred dollars in there and were trading 1-2 shares at a time costing Zecco a lot of money.
$4.50 per trade is more expensive than Sogoinvest but still cheaper than most other brokerages. So my decision is that I’ll stick with Zecco as 10 free trades a month works out fine for me.
