Investing your money properly is an essential aspect of financial success. If you’re looking for a great deal on a cheap discount brokerage, Zecco.com is a great place to start off, with free trades and now a $0 minimum balance.

Zecco, the discount brokerage with free trades has sweetened the deal, dropping their minimum balance to $0! Zecco offers free stock trades and cheap options commissions as well. You can make up to 10 free trades a day and up to 40 free trades per month before they start charging you $3.50 per trade – which is still a great deal! Take a look at their comparison chart here. Margin trading requires a $2000 balance. You can fund your account through check, ACH, or wire transfer.

From what I’ve heard thus far, it seems like Zecco had a few problems initially, but I’ve talked to a few of my friends that currently have a Zecco account and the general concensus seems to be positive. As a discount brokerage, Zecco obviously doesn’t have the same level of resources as eTrade or Ameritrade, so that’s something to take into consideration.

I’ve been meaning to switch over from Scottrade for a while now (or at least open an account with Zecco as well) and I think this latest promotion is enough to win me over. I will post a review and my thoughts on Zecco once I make the switch. If you’re interested, head over to Zecco.com and check them out.

Source: (WallStreetMatador.com)