Trading stocks online has become commonplace these days and rightfully so, as trading with a broker in person or over the phone can be quite costly. Online discount brokers can offer trading at minimal costs, usually between $3 and $10 per trade and maintaining your account is as simple as ever. One of the best online stock brokers for cheap stock trading is Zecco, where account holders can make real-time trades for just $4.50 each. And, as an added bonus, every single account holder, new or old can receive 10 free trades each and every month.
Earning 10 free stock trades a month with Zecco can be done in one of the following two ways:
- You maintain a monthly balance of at least $25,000
- You make at least 25 trades in a month
If you qualify through either of the criteria above, Zecco will reimburse your account for up to 10 trades. For example, let’s say you make 41 stock trades in February. At $4.50 a trade, you would have paid, $184.50. In March, Zecco will reimburse your account $45.00 for the 10 trades you received for free. If you only made 27 trades that month, you would receive a $9 reimbursement (for the two trades you made after your first 25). Trades do not rollover month to month so you must qualify each and every month, and use your free trades each and every month.
In the grand scheme of things, $45.00 saved each month may not sound like much but if you make a lot of trades or maintain a large monthly balance, trading at Zecco is a must. Passing up on a free $500+ each and every year is something no responsible personal financier can do so consider signing up for a Zecco trading account today.