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-   -   Am I reading Zumo comissions correct? (http://www.elitetrader.com/vb/showthread.php?t=177367)

nitro Sep 24th, 2009 11:08 AM

Holy shit! Am I reading Zumo comissions correct?
 
I just clicked on this forum sponsor:

http://www.zumo.com/index.htm

$1 RT for SIFs? .50 per side ??? Wow! :eek: :eek: Why is the ad ontop of this post showing something different than what I read on their website??? My guess is that $1 is just the comission and does not include exchange fees etc.

What's the catch? :confused:

I got too excited. It is just the comission and excludes exchange fees. Still, worth investigating.

TraDaToR Sep 24th, 2009 11:28 AM

Nope, apparently there are ultra aggressive on pricing.They apply 1$ RT commissions for everyone with no volume requirements...WOW

Exchange fees are correct in the tables it seems. If you are trading less than 1000 RTs a month, it's definitely worth considering.

AloAlo Sep 24th, 2009 11:29 AM

they don't seem to be a bucket shop at all

they seem legit

and insurance by FDIC that IB offers is becoming a very mute point

considering FDIC is broke :(

cstfx Sep 24th, 2009 11:42 AM

Quote:

Quote from AloAlo:

they don't seem to be a bucket shop at all

they seem legit

and insurance by FDIC that IB offers is becoming a very mute point

considering FDIC is broke :(

SIPC insures trading accounts, not FDIC.

2 different animals.

IanMacQuaide Sep 24th, 2009 11:42 AM

Quote:

Quote from AloAlo:

they don't seem to be a bucket shop at all

they seem legit

and insurance by FDIC that IB offers is becoming a very mute point

considering FDIC is broke :(

It's MOOT, not MUTE.
Mute means unable to speak.
Sorry to interrupt.
And thanks to the OP for the info.

spindr0 Sep 24th, 2009 11:47 AM

Quote:

Quote from IanMacQuaide:

It's MOOT, not MUTE.
Mute means unable to speak.
Sorry to interrupt.
And thanks to the OP for the info.

Sometimes it should be a mute point!

:)


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