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Zecco Gives $0 Trades...What's the catch?

Zecco Gives $0 Trades...What's the catch?

According to their website:

"You can make up to 10 free stock trades in any one month that you maintain a $2500 minimum account net equity. After that, you pay only $4.50 per stock trade. Options trades are $4.50 plus $.50 per contract. Only the first account of any account type is eligible for the Zecco Trading, Free Trading program. Any multiple accounts of the same type with the same registration are not eligible for the free trading program. Free Trading Program is only available through Zecco.com. $0 minimum to open cash and IRA accounts. Margin accounts require a $2,000 minimum balance for opening and trading on margin."

With the minimum $2500 at all time, Zecco can make money from the interest rate. besides, they charge higher on margin trading. however, this shouldn't be a problem if you are not using them.

another thing about zecco, they have build the community, which bring more traffic. and they can monetize the traffic by selling ads on their website. in return, they can give much lower commission fees.

Read more here:
Zecco Review: The Cheapest Online Stock Trading Brokers
http://www.stock-investment-made-easy.co...

http://investment-blog.net/2007/11/20/ho...
there are steps you need to make to open your investing account. GL

they make money on the margin from the short sales.

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