Zecco: Free Stock Trading

If one of the more thrillingly empowering elements of the internet boom of the late ’90s for the average capitalist was the advent of online consumer stock trading, commissions were regularly there to put a damper on the proceedings. Although still much cheaper than your typical brokerage house, it was still a heavy fee for people that did not have a lot of money to invest. A new startup called Zecco (Beta) is putting a welcome spin on the issue, offering stock trading with zero commissions. A budding online financial community, Zecco is a space for the exchange of financial information, allowing for informed trading in stocks, options, bonds, and mutual funds. Because traditional online brokers spend significant money on marketing, the overhead is passed on to the user in the form of commission fees. Zecco simply cuts out the marketing costs and lowers commission to zero.

That’s a price I like. Bear in mind, of course, that Zecco is still in Beta; don’t go putting your whole savings into a startup.

You can preview the site here:
http://www.zecco.com

Source: GigaOM