How does Zecco Trading apply the $2,500 minimum account balance requirement to the free stock trade offer?
It’s simple – you get 10 free trades every month in each account with $2,500 or more of account net equity. If you have more than one account of the same type (individual, joint, Rollover IRA, Traditional IRA, and Roth IRA), you’ll get free trades in the first account of each type. $2,500 minimum account net equity refers to your Start of Day (SOD) account net total value of securities plus cash. If your account drops below the minimum, you only need to raise your net equity back to $2,500 or more and you’ll get free stock trades again next month. For instance, your Start of Day account value reaches $2,500 on October 15th, you receive 10 free trades for the rest of October, and you’ll receive 10 free trades per month thereafter as long as you maintain a minimum balance of $2,500. If your account balance falls below $2,500 on October 28th, you need to raise your account value back to the $2,500 minimum to get another 10 free trades in November.
