[Z]ecco has decided to cancel it’s free trades that it was offering for accounts with over $25,000 in assets. Zecco, when they entered the highly competitive discount broker scene, became very popular for their free trades for those with a balance of just $2,500.
But soon they discovered this was unsustainable and decided to increase that limit to $25,000. Yesterday, they removed free trades altogether.
All trades will be $4.95 per trade.
There is a lot of resentment by Zecco users as seen from the discussion boards.
If you are thinking of switching from Zecco, this post may be worth reading.