Zecco Disputes Wells Fargo's Claim to Be Best Commission-Free Online Trading.Wells Fargo Restricts to a Few, While Zecco Provides Access to All BURLINGAME, Calif. -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: ZECCO DISPUTES WELLS FARGO'S CLAIM TO BE BEST COMMISSION-FREE ONLINE TRADING Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. Wells Fargo Restricts to a Few, While Zecco Provides Access to All Zecco.com, the industry's first online trading site that provides access to zero commission trading, points out that Wells Fargo's new offer requires a high balance and gives investors too few free trades. "We are pleased to welcome another legacy bank with a half hearted offer to the free trade community, but it's too little, too late," says Jeroen Veth, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Zecco. Zecco provides access to up to 480 free stock trades per year with a minimum balance of as little as $0 through its association with Zecco Trading. "The old-school banks are trying to get into the free trading game, but all of them have a huge catch and none of them deliver value to investors like Zecco." Wells Fargo requires $25,000 in combined balances and gives customers only 100 free trades per year. Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. requires $25,000 in cash deposit accounts and gives customers only 360 free trades per year. And, both banks charge an additional account fee: $100 per year for Bank of America and $60 per year for Wells Fargo. Trading through Zecco.com, there are no catches. You can open a regular brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. with Zecco Trading and get up to 40 free trades per month with a minimum initial investment of $2,500 in cash or securities. What's more, you can open an IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. with $0 minimum initial contribution and get up to 40 free trades per month. A $30 annual custodial fee custodial fee The fee charged by a financial institution that holds securities in safekeeping for an investor. does, however, apply. [TABLE OMITTED] Wells Fargo and Bank of America may offer other products, services and discounts. For more details visit them online. About Zecco Holdings, Inc. Zecco Holdings Inc. (www.Zecco.com) is the company behind Zecco.com, the online financial portal and community where investors have access to free stock trading. Zecco.com provides a valuable community-moderated space where great investing ideas can be freely shared, debated and tested. In a field crowded by discount brokerages like E*TRADE, Charles Schwab, and TDAmeritrade, the zero commission pricing and investor community on Zecco.com offers investors a refreshing alternative. Zecco is backed by pioneering shareholders Morten Lund of LundKenner, an early investor in Skype and Dutch telecom magnate, Marcel Boekhoorn. Headquartered in Burlingame, California, Zecco.com combines the best features of a financial portal, social networking community, and access to online brokerage at an attractive price: Zecco/Zecco.com is not a securities broker/dealer. All securities and investments are offered through Zecco Trading, a division of Equinox equinox (ē`kwĭnŏks), either of two points on the celestial sphere where the ecliptic and the celestial equator intersect. The vernal equinox, also known as "the first point of Aries," is the point at which the sun appears to cross the Securities, Inc. Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . The 10 free trades per day, 40 free trades per month offer are only available through Zecco.com. |
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