yes... well, I think you get 10 trades per month for free... it used to be 40 I believe but they moved it down not too long ago. They do charge for option trading. It takes a few days to set up an account.... verifying banking and such. I transferred my ex24 account there which took days and my sharebuilder account took months because sb didn't want to let it go.
here is some info
What is Zecco?
Zecco.com is an investing community and financial portal. Zecco stands for Zero Commission Costs. We bring you free trading through Zecco Trading. That’s right, you can trade securities for $0 commission for the first 10 trades a month with a minimum net equity of $2,500. After that, you only pay $4.50 per trade. Option trades are only $4.50 plus $.50 a contract.
Please explain, “Free trading on Zecco.com”
Investment products and brokerage services are provided by Zecco Trading, Inc. member FINRA and SIPC. Trade any listed stock for free at Zecco Trading. There are no hidden fees. $0 commission. Zip, zilch, nada.
No commissions, what’s the catch?
There is no catch. There are no hidden fees, penalties or charges. You get 10 stock trades a month with a minimum net account equity of $2,500. If you’re like most people, 10 trades is far more than you’ll do in a quarter. The odds are that you won’t pay a dime in commissions, ever. All on-line trades in excess of these limits are only $4.50 each. That’s one of the lowest rates in the business. Options trades are only $4.50 plus $.50 a contract. Please keep in mind that only the first account of any account type is eligible for the Zecco Trading Free Trade program. The only fees you’ll ever get are clearly marked on the Pricing page.
Can I rollover the free stock trades I can't use up every month?
No. The 10 free trades expire at the end of each month. However, if you maintain your $2,500 minimum balance, you'll receive 10 free trades every month.
How do you make money then?
We make money from the interest on margin balances. It’s a small amount, about 3%, but on a large volume of customers it becomes a tidy sum. Secondly, we do charge commission for premium brokerage products like options trading. At $4.50 per trade and 50 cents per contract we’re still among the very cheapest around but we do make money from these transactions. Keeping our costs down is equally important. We don’t spend $5 of every commission marketing to you. And we don’t spend $400 in advertising for every new account. We attract customers like you by having the best deal in the market. Lastly, we’re building an online financial community where investors can connect with investors. Where you can find all the tools and information you need to trade, plus gain access to financial blogs, forums, and up-to-the minute financial news. We think that’s a winning combination for advertisers.
What is the minimum amount required to open an account?
There's no minimum amount required to open a Zecco Trading Account. Margin accounts require $2,000 minimum. To get free stock trades every month, you only need to maintain a minimum account net equity of $2,500.
How does Zecco Trading apply the $2,500 minimum account balance requirement to the free stock trade offer?
It's simple--you get 10 free trades every month as long as you keep your account net equity at or above $2,500. This number is your Start of Day (SOD) account net total value of securities plus cash. If your account drops below the minimum, you only need to raise your net equity back to $2,500 or more and you'll get free stock trades again next month. For instance, your Start of Day account value reaches $2,500 on October 15th, you receive 10 free trades for the rest of October, and you'll receive 10 free trades per month thereafter as long as you maintain a minimum balance of $2,500. If your account balance falls below $2,500 on October 28th, you need to raise your account value back to the $2,500 minimum to get another 10 free trades in November. If your account value reaches $2,500 again at SOD November 6th, you pay $4.50 per trade from November 1st till November 5th but will get 10 free trades on November 6th.
How do I open an account?
Click here to begin the on-line application. It takes less than 10 minutes to open an account.
If I open a new account on October 1, 2007 and deposit 2,500 on October 15, 2007, when will I start receiving the free stock trades?
You pay $4.50 per trade before your account value goes over the $2,500 minimum. The 10 free stock trades start the day your account value reaches $2,500 based on the Start of Day account value, i.e. October 15th. You can start enjoying the 10 free stock trades from October 15th through end of October. If you want to trade more than 10 times in October, you pay only $4.50 on each additional trade.
How do I know my money is safe?
Customer securities accounts are protected by the Securities Investor Protection Corporation (SIPC), up to $500,000 (including up to $100,000 for cash claims). A detailed explanation is available upon request or at www.sipc.org. Additional securities protection is provided by Lloyd’s of London with an aggregate limit of $200 million providing that the combined return from Trustee distributions, SIPC and London to any customer does not exceed $35 million including a London cash sub-limit of $900,000. This coverage provides protection against brokerage insolvency and does not protect against loss of market value of securities.
How stable and reliable is the system?
We have a state-of-the-art trading platform that is proven in the market. We use web-based technology to give investors immediate access to online, real time trades in US markets. Market volatility and volume may delay system access and trade execution.
What kind of experience does Zecco have with online trading?
Steve Oliveira, President of Zecco Trading has more than 20 years experience in the brokerage business. We’ve hired Frank O’Connor, the former COO of BrownCo. BrownCo was one of the first discount online brokerage firms in the country and was recently purchased by E*TRADE. Our CTO, Nick Gianniotis offers years of experience working with major Wall Street firms such as Soloman Brothers Japan, Lehman Brothers Japan, and JP Morgan Securities Asia. We have the financial expertise to offer investors a great deal, useful tools and a solid platform for trading.
Why can't Editors of Zecco.com answer my questions on trading services in the forums?
We want to ensure that everyone on Zecco.com gets timely, accurate answers to their questions. There is a full team of customer service personnel itching to answer these questions at Zecco Trading, 9AM-6PM (EST) 6AM-3PM (PST), 5 days a week (Monday through Friday). The forums are not an official feedback channel for Zecco Trading, so for compliance reasons, they can't respond there. Send an email to customerservice@zeccotrading.com. They will take care of you. Feel free to post the answers you get on the forums.
News 
Market Data 
Discover 
AI
