all you zecco acc. holders I recieved this email today.
Thank you for being a Zecco Trading customer. I hope you’ve been enjoying the exciting improvements we’ve rolled out in the last few months.
When Zecco Trading first launched in 2006, our focus was to deliver a good, solid service at a bare bones price. In the four and a half years since that launch however, our customers’ needs have evolved quite a bit. While investors today certainly value low commissions, they also demand a great trading service with a rich set of advanced features.
So, we have been working hard to continuously improve the Zecco Trading experience. In just the last year or so we’ve introduced major improvements in our quotes and research offering as well as launched important new tools like Zecco Streamer, Zap Trade and the new Zecco Mobile iPhone app. We’ve also made substantial improvements in customer service and upgraded our core infrastructure to dramatically improve performance and reliability.
To better support this balance between offering remarkable value and continuing to deliver the innovative new technologies, tools and services that Zecco Trading customers require, we are modifying our commission structure.
Starting on March 30, 2011, our new commission rates will be:
Equity trades: $4.95 per trade*
Options trades: $4.95 per trade, plus $0.65 per contract
With this change we are no longer offering 10 free trades per month. As before, there are no minimum balance requirements or inactivity fees to open or maintain a Zecco Trading account.
Under this new pricing structure, Zecco Trading’s pricing remains 30% to 50% lower than our competitors. I hope you agree that, when you consider the features, the quality customer service we provide, and the price, Zecco delivers the best value on the Street.
For stocks and ETFs priced under $1.00, online trades are $6.95.
The bad news is always on the bottom line.
still it's cheaper that my scottrade acc.
AI
