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ZECCO TRADING

Assumptions for Commissions Comparison Charts
Compare the Costs of Trading
This chart was constructed using actual commission pricing structures taken from each broker's published website as of 02/19/07, as set out in the table below. The firms referenced in these comparisons may offer more products and services than those available through Zecco Trading.

Brokerage Commision Structures -- Data in table is $ cost for the trade

# of Options Contracts
Brokerage Firm 1 5 10 20 25 30 35 40
Zecco Trading 5.00 7.00
 9.50 14.50 17.00 19.50 22.00 24.50
optionsXpress 14.95 14.95 15.00 30.00 37.50 45.00 52.50 60.00
Scottrade 8.25 13.25 19.50 32.00 38.25 44.50 50.75 57.00
Fidelity 20.70 23.70 27.45 34.95 38.70 42.45 46.20 49.95
TD Ameritrade 10.74 13.74 17.49 24.99 28.74 32.49 36.24 39.99
Charles Schwab 10.70 13.70 17.45 24.95 28.70 32.45 36.20 39.95
E*Trade 13.74 16.74 20.49 27.99 31.74 35.49 39.24 42.99






How Much Can You Save?

This chart was constructed using actual commission pricing structures taken from each broker's published website as of 02/19/07, as set out in the table above. To determine annual commission costs, the first hypothetical example (the left bars in the bar chart) assumes the "typical options trader" makes 4 trades per month of 10 contracts each. The firms referenced in these comparisons may offer more products and services than those available through Zecco Trading.

The second hypothetical example assumes the "typical covered-call writer" makes 4 trades per month of 10 contracts each. It also assumes 2 of these trades are covered calls (or "buy-writes") where the customer buys 1000 shares of stock and sells 10 call options. Finally, the examples assume the stock is "called away" when the options expire, thus incurring each firm's cost for exercise/assignment. The specific commission structures of the firms examined is set out below:


Stock Trade Options Trade Per Contract
 Exercise/
Assignment
Zecco Trading 0 4.50 0.50 4.50
TD Ameritrade 9.99 9.99 0.75 29.99
E*Trade 12.99 12.99 0.75 19.99

Commissions/fees of competitors may vary based upon trading activity, size of accounts, conditional offers, and other direct arrangements that may not be indicative of the comparison chart.

All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Zecco nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance upon information contained herein. By accessing the Zecco site, you agree not to redistribute the information found therein.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person should read and understand theCharacteristics and Risks of Standardized Options. Hard copies of this document may be obtained by either clicking the link above or contacting Zecco Trading at customerservice@zeccotrading.com. For more information you may also contact the Options Clearing Corporation at One North Wacker Dr., Suite 500 Chicago, IL 60606 (1-800-678-4667).



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Zecco.com is a financial portal of Zecco Holdings, Inc., which also provides access to Zecco Trading. Zecco Holdings is not a securities broker/dealer. All securities and investments are offered by Zecco Trading, Inc. Member FINRA/SIPC. At Zecco Trading, you can make up to 10 free stock trades in any one month that you maintain a $2500 minimum account net equity. After that, you pay only $4.50 per stock trade. Options trades are $4.50 plus $.50 per contract. Only the first account of any account type is eligible for the Zecco Trading, Free Trading program. Any multiple accounts of the same type with the same registration are not eligible for the free trading program. Free Trading Program is only available through Zecco.com. $0 minimum to open cash and IRA accounts. Margin accounts require a $2,000 minimum balance for opening and trading on margin.

Zecco Trading accounts are protected by the Securities Investor Protection Corporation (SIPC), up to $500,000 (including up to $100,000 for cash claims). Accounts protected in the aggregate up to $200MM by Lloyd’s of London. This coverage provides protection against brokerage insolvency and does not protect against loss of market value of securities.

No information on this web site should be considered a recommendation or solicitation to invest in any particular security or type of security. Margin trading involves incurring interest expense and risks, including the potential to lose more than invested, or the need to deposit additional funds/collateral in an adverse market to your positions. Our margin agreement is available on our web site under the Forms tab, and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and risks associated with margin accounts.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF's prospectus contains this and other information, and should be read carefully before investing.

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