Do you have any cash lying around? If you do, then why don’t you invest it in the stock market? Oh yeah… that’s right all these stock brokerages charge an arm and a leg just to make a trade that some computer does for them anyways. Well say you wait and build up on that cash stack and now you think you have enough to dive into the world of bears and bulls, but you really aren’t sure what to do. I know from my experience most of these online brokerages give you almost know help or information on what to do. Well say no more I have traveled far and wide (on the internet that is) and have found the answer both these problems. My friend, the solution is Zecco.com.

In its simplest forms, Zecco is a zero dollar commission online stock brokerage. When I first heard of this enigma I thought there has to be a catch. So like I always do, I started my investigative research.Like all stock brokerages there are always different requirements to open certain accounts, and yes that holds true to Zecco.com. However, for most people this site is perfect. To start an account:- There is no minimum fee (used to be $2500); margin accounts require $2000
- No startup fee (except margin)
- Up to 10 free trades a day and up to 40 trades a month, but don’t worry, if you somehow manage to go more then 40 trades, it only cost $3.50 per trade until the next month. That is still around 50% - 60% cheaper compared to its competitors.
- Options are $3.50 plus $0.60 a contract (for the record I am not a huge option trader as of yet)All sounds too good to be true… doesn’t? This led me to find out how they make money…- Less money is spent on TV commercials and advertisements as other companies do
- Zecco makes money off the interest of margin balances and they create a combination of ad publishing and social networking (which seems be a template for success ie. Myspace and facebook)After researching around I have found some negative comments, the worst being sloppy charts, which doesn’t mean a thing to me. Either way when I’m researching or about to buy a stock I always use financial websites such as Google finance, marketplace, or CNBC anyways. I am also satisfied with the amount of free trades the give me. I have been trading for about a year now, and I don’t even think I have made near 40 trades yet (just for the record I am making around a 25% return). Also, even if I went above 40, $3.50 is a lot different then $9.95.

It is important to note that Zecco won’t even be a year old until this October, so you know it can only get better from here. At the end of the day $0 commission trades is good enough for me. So take a break from this site (just for a second) and go run and sign up at Zecco.com.

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