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Am I reading Zumo comissions correct?
- Thread starter nitro
- Start date
dumb question: when they say s&p 500 options at 2.29 per side, they are talking about the "regular" spx options right? not options on the s&p future?
Quote from jeb9999:
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?
We legally reserve the right to charge for our platforms, but it is not a charge that is currently incurred. The disclaimer is a requirement from our legal department. With respect to fees changing from time to time, there would be ample notice with respect to a change, and any change would be industry wide, not just for our brokerage.
Quote from Jym:
What are daytime margins like?
all i could find on the site were overnight margins
For the Emini Stock Indexes, we allow 25% intraday margin, and qualified investors can receive $1000 intraday margin on ES. These contracts are already highly leveraged, we do not believe it is a benefit to either the client or the brokerage to offer anything lower.
All other markets, we provide 50% intraday margins.
Quote from Khallihan:
For the Emini Stock Indexes, we allow 25% intraday margin, and qualified investors can receive $1000 intraday margin on ES. These contracts are already highly leveraged, we do not believe it is a benefit to either the client or the brokerage to offer anything lower.
All other markets, we provide 50% intraday margins.
How good is your data feed. Yes I could download a demo, but try to be honest. Is it fast like TT/ Zenfire or is it dog slow like the olds Pats?
I ask because your commissions are so low I figure you have to make up the difference somewhere.
Our platform is exceptional. Please feel free to compare FIRETIP with any other platform on the market. Rather than me tell you how fast our directly linked platform is, why don't you test drive our demo..?
Request a demo at http://www.zumo.com/Demo_Account.html
Once you are inside FIRETIP, click on 'Settings', then 'Quotes' and you can increase/decrease the speed yourself. This feature is available because not everyone needs that extra millisecond advantage.
Request a demo at http://www.zumo.com/Demo_Account.html
Once you are inside FIRETIP, click on 'Settings', then 'Quotes' and you can increase/decrease the speed yourself. This feature is available because not everyone needs that extra millisecond advantage.
At $1/RT, how do you cover your data permissions costs? The same realtime feeds to all the exchanges you offer are not free (or cheap).