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?

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

 

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.

 

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.

 

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!

 

English is not my first language

no excuse though, I should have known "mute" from "Moot"

hey I learned something today

 

Futures accounts do not fall under SIPC, only stocks and options do. Segregation is the protection for futures accounts.

 

hmm if that too is to be believed

 

Commissions are correct. What you see is what you get.

Funds are held in segregated accounts for protection.

If anyone is interested in opening an account, feel free to contact me.