Saturday, May 31, 2008

The battle for supremacy in the online brokerage market continues; however, one online broker is setting itself apart for the pack. It's Zecco! They provide access to $0 online stock trades at Zecco Trading. It's not an introductory offer either -- you get up to 10 free trades/month, every month, as long as you have $2,500 minimum balance. Otherwise, it's just $4.50/trade!

I've found Zecco especially useful for purchasing ETFs which usually have a much lower operating expense than mutual funds. Plus with so many new ETFs on the market it allows individuals investors to diversify their portfolios with specific sectors, regions or commodities which most mutual fund families may not provide. The 10 free trades per month is by far the best feature. This could save an semi-active trader $800-$1200 a year based on the commissions charged by brokerages like Scottrade, E*Trade and TD Ameritrade.

To learn more about Zecco and how to setup an account click on the image below.








Enjoy and good luck trading!
Gary









1 comment:

tonyleachsf said...

Gary -

Thank you for the kind words about Zecco! We're very proud of giving people an unprecedented way to invest. Huge commissions definitely eat into profits - especially if you trade actively!

Have you checked out ZeccoShare at all? It's the Zecco community where people share their actual portfolio, trades, and performance with others.