Don't worry, we get that question a lot. Here at Zecco, we like to be as honest and transparent as possible. It's just our way. So here's exactly how we make money:
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10 free stock trades every month.
We lose money giving you free stock trades. However, the cost of executing a trade has become very low. (Shows you how much those other brokerages are making off you with their fat commissions.)
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Beyond the first 10.
Once you've made your free 10 stock trades for the month (or don't have $25,000 in your account yet or haven't made 25 trades), we charge you $4.50 for each additional trade. See details.
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Options Trades.
For options trading, we charge $4.50 per leg and 50¢ per contract. Although we do charge for options, we challenge you to find a better deal than that.
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Margin.
If you choose to borrow margin and leverage your investments, we make money on interest.
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Cash Balance.
If you leave money hanging out in your cash account while you're deciding what to invest in, we make a little interest on that money. And you do too.
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Advanced Tools.
Some more advanced tools on our site are not free. We provide them as a premium service to interested customers.
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Website Ads.
We make a small amount of money by allowing other companies to advertise on our site. Sometimes, you might even see a competitor's ad sneak in. We don't care though we challenge you to find a better deal.
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The net result?
Free stock trades with no catch.