$0 Commission Trading at Zecco
I’ve been reading about Zecco for a few months now. They have created a free trading zone. This “free trading” zone means Zecco traders will pay no – zero – $0.00 – commissions to buy and sell stocks. Commission free trading for everyone is now available, in Web 2.0 style.
How Can Zecco Offer Free Trading?!
The answer is pretty simple. Zecco makes money through 2 major revenue streams: online advertisements and interest from margin accounts.
Zecco has built up a community area on their site with forums covering all topics of trading, investing, finance, and business, and an area for bloggers and blog readers including commentary on trading, investing, and analysis.
Zecco also realizes interest from margin loans to stock traders is much more valuable income than trading commissions fees. While commissions fees are great income, they are substituting commissions fee income with advertising income. And they’re still holding on the very valuable interest fees attached to trading stocks on margin.
You didn’t think you’d get 0% margin rates, did you?
I’m Opening A Zecco Trading Account
Yes, I am in the process of setting up a Zecco.com $0 commission trading account. I have to fill out forms and fax, as well as mail, the documents to Zecco. In two weeks I should be making my first trade there.
With Zecco, I am going to grow my dividend and value holdings. With free trading, I can reinvest my dividend payments easily, no matter how little cash I am reinvesting. Free online stock trading is very interesting to me and I am still formulating new strategies to take advantage of no commissions fees.
- Zecco.com – Zecco Trading offers online stock traders and investors free trading – $0 commissions.