ZECCO MEANS FREE TRADING

Have you heard of Zecco? Zecco is a new discount stock brokerage firm, with a great twist. In fact, it is so good it is hard to believe it's true.

Zecco is the first online discount broker to provide free stock trades. Yes, free, totally free. No secret fees, no sneaky way to make money back.

There must be a catch, right? Well, there is not a catch. There is a limit, but no catch. Here is exactly how it works. When you sign-up for a free Zecco account you will receive 40 free trades every month. As part of those 40 free trades, you can trade up to 10 times in one trading day. All with no brokerage commissions, trading fees or cost of any kind at all. The limit comes in after the 40th trade. Once you get to the 41st trade in any given month you do have to start paying a flat commission on your stock trades. A whole $3.50 a trade.

Now, let's take a step back. All through the 1990's the discount trading brokers kept lowering prices and offering more services. Some, like Ameritrade and Brown came down in their brokerage fees to almost zero. If my memory serves me correctly, Brown & Co. charges a flat $5 fee and Ameritrade charged $8 for a single trade. Remember, no company has ever offered free stock trading, with zero cost associated at all. This is a brand new game. Zecco wants business from online traders, they want those assets under their roof adn they are willing to provide the service to get those customers. There is no reason not to take advantage of their great offer.

Another trick a lot of online brokers play is the limitations of shares purchased. In other words, Charles Schwab may offer a flat commission of $29 for trading a stock, but the number of shares you can trade is limited to 5000 shares. Each additional share in a given trade would be create an upcharge into the commission structure. Basically, your flat commission structure at most online brokers was not flat, it came with multiple tricks to charge more money.

Back to Zecco. This is a free online broker, where you can trade stocks for no charge at all, for the first 40 trades each month. That's 480 free stock trades, for any volume in the shares traded, every year! This is ridiculously awesome. As a off and on again online trader for the last 14 years, this is exactly what I have been looking for in a broker.

One note, check back for the information that Zecco has for trading penny stocks. It is amazing. There will be an entire post dedicated to strictly penny stock trading, because Zecco is going to quickly become the king of penny stock traders.

Check out Zecco today, there is no better brokerage firm for you. Or anyone for that matter.