Jan 31 2009
Zecco Changing Requirements for Free Stock Trades
In my series about investing in dividend stocks I recommended opening an account with Zecco to take advantage of the 10 free trades a month they offer. Since then they have announced a change in the requirements to receive the free trades. At the beginning of March they are increasing the minimum level of assets needed to earn 10 free trades per month to $25,000. They are also adding a new way to get free trades. If you make at least 25 total trades per month you will qualify for 10 free stock trades per month. Otherwise you will have to pay $4.50 per stock trade. That is still a good deal but I wanted to make sure any of you that might be thinking of opening an account were aware of the change.