Am I reading Zumo comissions correct?

I know. But IB's universal account which the poster referenced is covered by SIPC, not FDIC. Hence the comment.

 

thx for explaining

 

What about the possible fees stated in this disclaimer:


"Zumo, Inc. may establish fees such as exchange, clearing, brokerage and commission charges that will change from time to time. These fees may include a monthly account maintenance fee from $50-$100. Further, Zumo, Inc. reserves the right to charge a monthly fee of up to $50 for subscription to its web-based platform and up to $300 for subscription to both its web based platform and software-based trading platforms. Zumo, Inc. may charge a monthly fee up to $50 as an account inactivity fee. This fee is charged to customers that do not periodically log into their account on a regular basis to review balances and positions."


Farr Financial is a nonclearing FCM. Which clearing firm is used?

 

so all you gotta do is log in often to avoid the fee

 

Can you use ninja trader? If not then maybe have 2 broker accounts? Also, is the intra-day for es $ 500 margin per contract like my other broker mirus futures?

 

$ 1 R/T commission + $ 2.3 exchange fees = $ 3.3 for Emini S&P ?

 

Yes, that is correct. Zumo is the second firm to offer a $3.30 RT rate for ES, NQ and EMD.

 

$3.30 r/t on the emini is a very good rate for retail traders.

 

no equity options.

I thought maybe the 1 dollar deal goes for equity options as well.

That would be nice

 

EMD Mini Dow YM is $2.84 round turn