Posts Tagged ‘free trades’

Zecco.com sucks

January 31, 2009 in Investing,stock market | Comments (0)

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So I posted earlier about how I was trying out an account with Zecco.com. They advertised free stock trades, which I thought was really cool. It seemed great at first, and now I am a bit confused and pissed off.

A couple weeks ago I tried to log on the see how my stocks were doing. It wouldn’t let me in. I am positive I am putting the right password in, but it won’t work. I haven’t been able to call them about it because of being at work so much, but I will call them soon.

So today, I got an email from them saying that now, in order to get 10 free trades a month, you need to have $25,000 in your account with them! That is ridiculous, as they originally got people in like me, who can’t even spare $1000 as a minimum to invest with other sites.

So now I’m wonderng if this is why I can’t log into my account. Also, I realized that I can’t sell the shares I currently have without getting charged a trading fee, which is probably something like $12 a trade because that is what other discount sites offer.

Okay, so if they need to charge for trades to function, fine, but I’m mad that they advertised it as free, and have basically taken $100 of my money, and will charge me to get it back. Damn them!