Smart Money Blog

If you are an investor, you are probably used to the $8.99 trade fee, or something similar, that you get with E-Trade, Ameritrade, etc. but there is a new era of sites coming along that will do it for less, a lot less.

I started with Tradeking.com a while back, and at $4.95 I was happy with the site. I still highly recommend it, but lately I’ve started switching my funds over to Zecco.com, which offers completely free trades.

For a while, it was quite a hassle to sign up for Zecco trading.  You had to mail in documents, wait for a trading key, etc., but they have just modified it so the only thing you have to provide is your social security number.

They are not the most polished site available, if you want ease of use, a lot of features, and a really quick sign-up, I would highly recommend Tradeking.com, but if you trade a low amount of shares where that charge really hurts your gains, Zecco might be the way to go.