Free Online Trading (limited)

Discussion in 'Retail Brokers' started by Passive Pete, Apr 17, 2007.

  1. depends.. if you want to buy a few shares of a stock and hold it for a long time, go for it. If you're the kind of person who tries to buy 10 different stocks when you only have 5 - 10K, then those deals will save you a ton on commissions.

    If you're a trader, forget it, use IB or something.
  2. I trade a decent amount, but I was thinking about my IRA. I think I'm going to do the BAC deal. Thanks for the input!
  3. Nothing is free.
  4. Daal


    I'm worried about zecco going under
  5. I agree to a certain extent. I'm wondering if they are going to get a number of accounts then take away the free trades down the road.
  6. Passive, if it's for an IRA and you're going to do buy and hold, then go for it! It's a great deal! Especially if you contribute like say $200 / month, you can dump that into a few shares of stock w/o having a $10 commission on that.

    And the catch is, they pay you practially zilch on your free cash balance in the account, which means they collect the interest for themself. So don't keep any cash in the account, at all.