Zecco Promo – 20 Free Trades With New Account

EDIT: This Promotion is no longer available

There is a new Zecco Promo where you can get 20 free trades when opening a new account. You need to open an account by Sunday September 13th 2009 and use the promo code: bonus1 on the account sign up page

Once you sign up your free trades will be granted on or before September 16th. Once they are granted you have 90 days to use them from the day of the grant.

Zecco.com is becoming a very popular online brokerage. They have a low trading cost of $4.50 / trade. They don’t have all the little fees like other brokerages do such as maintenance and inactivity fees. There is also no minimum balance requirement to have an account with them.

In addition to the 20 free trades you get as a Zecco bonus above, you may also consider the following if you are deciding to open an account with them:

Zecco used to offer free trades all the time, but have since changed this to 10 free trades per month if you maintain a balance of $25,000 per month in your account. You can also get 10 free trades per month if you make 25 commission based trades in the previous month and this is not a promo, this is every month your account meets one of those 2 criteria. So you can start to see that if you are an active trader or keep a high balance you can ultimately have a free trading account! Just simply just move over an IRA to them that has a balance of greater than $25,000 and you are all set.

I currently have an IRA over at Zecco which qualifies me for the 10 free trades a month, but even after than, at $4.50 per trade I can’t go wrong. They offer money transfer function where you can move money between your Zecco account and your linked bank account. I can’t comment on their customer service as I have never had to use it, which is a good thing.

These days with discount brokers offering great deals like these, it amazes me that people still pay more than $10 commision on a stock trade! But remember that you need to sign up by September 13th!

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NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.

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