Zecco Trading has just changed their pricing for new accounts from 40 free trades/month to 10 trades/month, and there is a new requirement that you must have $2,500 in account equity (cash + value of stocks). If you have less than $2,500, then trades cost $4.50. However, existing customers and anyone who applied before 10/1 will keep the old pricing until the beginning of 2008. After that, everyone will be at 10 free trades/month.
Instead of paying for free trades you may not use, we’re investing that money in the tools and functionality that you will. Over the coming months you can expect:
* Significant investments in the number of service representatives and training.
* Addition of 3 and 4 legged options strategies so you can trade butterflies, condors, and more.
* Release of a sophisticated options analytics platform.
* Access to ZeccoShare, the ground-breaking investor social network at zecco.com.
Zecco is still the cheapest place for my “fun money” account and 10 trades is enough for me, although I’ll have to add some more money into my account in a couple of months to reach $2,500. If you already have an account, log into your trading account for more info; there is also a new offer FAQ. If you are researching Zecco, be sure to check out my Zecco Review (two parts) for some tips to maximize your account. Thanks to Wes for the tip.