This is how it works...

Complete 9 qualified** trades, and the 10th one is free. As you execute orders on PennTrade, we will tell you how many trades until your next freebie.

People with several accounts and frequent traders especially benefit. If you have multiple accounts, we do not care if you execute 2 trades in Account #1, 1 trade in Account #2, and 6 trades in your IRA. You will still earn a free trade after you execute trade number 9 in any of your accounts. You can then use this free trade whenever and in whichever account you want. It's that simple.

**Qualified trades are full commission ($29.95), completed, online trades. 1) Partial orders which expire or are cancelled, 2) broker assisted trades, 3) mutual fund trades, and 4) free trades do not count toward earning free trade credits.