Just an FYI in case you aren't aware Zecco changed its business model which is probably going to really hurt your affiliate commissions. They used to offer 10 commission free stock trades a day and 40 free trades a month with no minimum balance. Now they only offer 10 commission free trades a month and that is if you have a $2,500 minimum account balance otherwise it is $4.50 a trade. I think this is a sign they are in trouble and I definitely know it is going to hurt affiliate sales through CJ. If you signed up for an account before October 1, 2007 you still get the 10/40 free trade deal until January 1,2008.
Thanks for the heads up. Seems like more companies changing their commissions and business models. Which often go to the wrong direction :/ = we losing money. Will see what's happends
Yea, I just found out about it this morning as well. It definitely drops them back to the pack in the online broker business which will definitely impact commissions..i
They should've learned from history that the free trades model doesn't pay off. I don't think this will hurt their business too much, as they've already garnered a lot of press from their old model, and you still can't beat $4.50 a trade (or 10 free @ $2500 deposit).