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21 Apr 07

Comparison of Free Trading Brokerage Accounts

	Zecco	Wells Fargo	<script></script> Bank of America
Stock Commissions	$0 (up to 480 per year)	$0 (up to 100 per year)	$0 (up to 360 per year)
Minimum to qualify	<script></script> $2,500 assets in a brokerage account ($0 assets in an IRA)	$25,000 assets in combined accounts	$25,000 in UNINVESTED cash in combined accounts
Penny Stocks	$0	Greater of $24.95 or 2.5% of principal	<script></script> $0
Options Commissions	$3.50 plus $0.60 per contract	$9.95 + $1.00 per contract	$19.95 + $1.50 per contract
Annual Fee	<script></script> $0 in regular brokerage accounts	$60 per year (with certain exemptions)	$100 per year (with certain exemptio

or the past two years I have been given 50 free (online) stock trades associated with my Wells Fargo & Co. (NYSE:WFC) Portfolio Management Account (PMA). I do not make anywhere near this many trades and do not expect to -- even in the next five years. So for me it makes all trading free. The PMA account has been convenient in many ways because it ties together my equity line, cash management, checking, credit cards, and stock accounts.