Posted by: sanjayshetty | September 8, 2007

Free trading on the US Stock Markets with $0 commission for 10 trades a month

I’ve been contemplating investing in the US markets for some time now. Since this is going to be the first time experiment in investing in a foreign market for me,I’ve been hunting around for a service which is cheap.

I’ve finally managed to find one with Zero commissions for 40 10 trades per month. ZECCO – The Free Trading Community. (Note: Edited on 13th Oct, Zecco now only provide 10 free trades per month, versus 40 it offered earlier).

The best part is, there’s no minimum deposit required to open an account. Margin accounts require $2,000 minimum.

Here it is straight from the horses mouth

“Zecco stands for Zero Commission Costs. We bring you free trading through Zecco Trading. That’s right, you can trade securities for $0 commission for the first 10 trades a day and 40 trades a month. After that, you only pay $3.50 per trade. Option trades are only $3.50 plus $.60 a contract. “ ( Zecco offers 10 free trades per month and $4.50 for each addtional trade.)

I’m going to open an account out here. Will keep updating about the experience for those that might follow.

———————————————-
Edits to post on 13th Oct 2007:
To reflect the changes at Zecco from 40 free trades
a month to 10 per month and increase in addl. trade
from $3.50 to $4.50.

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Responses

  1. […] explore investing in the US markets from India and post finding an online trading site at no cost (see earlier post on Zecco which provides a facility to trade and doesn’t charge commissions.) it was time now to find […]


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