Holy Cow! Velocity commisions just became a joke!

Discussion in 'Retail Brokers' started by ChkitOut, Mar 22, 2013.

  1. 6.65 per round trip.

    on top of the raised inactivity fee

    no explanation.

    seems like every year there are more surprises with this firm.
     
  2. I think that's just targeted to you--- it's a nice way of saying we don;t want your business, please go some place else. What did you do?
     
  3. .


    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3764939>
     
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  4. Oh with free usage of X-trader, what did it used to be?
     
  5. 4.52. quite the jump huh.
     
  6. I guess a lot of people using free Xtrader weren't generating much volume, but the rest of the commish is quite normal.
     
  7. if you're advertising xtrader (free) then i think they should stop saying that because its misleading and clearly not free with added fee's and insane rates.
     
  8. Maverick74

    Maverick74

    Why not just pay for X-Trader and get the reduced rates?
     
  9. More and more brokers are increasing their fees for inactive accounts and small accounts.

    The crazy fee I've seen at one particular broker...a $12.50 fee for any deposit less than $10,000 regardless if its via wire transfer, check or cash. :D

    I saw another broker say "there may be an additional fee associated with large deposits". Yet, they didn't say specifically what is a "large deposit". Simply, the overall declining trading activity amongst retail traders are starting to push many brokers into behaving like BANKS with these silly new types of fees and increasing fees for normal (traditional) services.

    It's starting to feel like these guys are going back to the days of the "full service brokers" that prevented many small traders from even opening a trading account.

    Within the next few years, I expect to see additional fees for the following if there's no overall improvement in the volume of traders:

    1) Fee for not subscribing (paying) to their charting program.

    2) Fee for installing their trading platform on more than one computer.

    3) Fee for trading different trading instruments in the same day on the same exchange. For example, trading Emini ES and Emini NQ in the same trading day.
     
    #10     Mar 22, 2013