There are online stock brokers with whom you can invest and trade stocks online. As I have mentioned before, I will be periodically picking an online stock broker and compare their features. This week I am writing about Zecco . I think Zecco is the only stock broker with a $0 transaction fee ofcourse with some conditions. Here is the deal with Zecco. Minimum Balance - None Transaction fee - With $25,000 balance or 25 trades per month first 10 trades per month are free. All other trades are $4.50 per trade. Option Trades - $4.50 / Trade and 50cents / Contract Broker Assited Trade - $19.99 Margin Rates - Under $10,000 - 7.75% (It goes down based on how high the amount is) Overall, you can beat their offer if you keep a minimum of $25,000 or perform a minimum of 25 trades a month. |
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