anyone hear of naet.net???

[T3-Jeff]

Trade for .0029 cents per share??? If its that good, why isnt there any discussion about it.

 

[crazy_trader]

Hmm,
How can it be good, when you have to pay membership fees + ECNs pass through.

 

[rtharp]

Actually it's more take a look at the site. Plus clearing + software and a steep monthly fee.

rtharp

 

[Babak]

rtharp, correct.

It is quite steep actually:

http://www.naet.net/page493831.htm

+

monthly fees of $1000 and up (max $3000)

+

other charges up the wazoo (cancellation, one time setup, etc.)

 

[Htrader]

Speaking of fees, this "firm" also charges $0.25 per cancellation plus other fees for SOES and SNET orders. The top membership fee is $3000 per month, although you get reduced amounts for referrals. Any site that gives you refunds for referrals immediately sounds very suspicious to me.

 

[Bryan Roberts]

BTW, this is an instatrade office. i guess his business is really drying up and this is his way of trying to drum up new suckers!!! can you say Bucket Shop???!!!!!!!

 

[T3-Jeff]

Sounded a little too good to be true!! Anyway, thanks for all of your input. I'm new to this site and find the discussion area extremely helpful.

Any thoughts on a firm that has very low rates for someone doing 100,000 a day?

 

[kensmith]

jefftrader

How many trades a day?

I use www.cybertrader.com pro version and if you do 500+ tickets a month the price is down to $9.99 a ticket with no ECN charges on ISLD and a couple of other ECNs.

Ken

 

[Steve Kellogg]

The site says NAET is not a broker-dealer? Who do you trade through then?

...and for NYSE, they charge you:

$1000-3000 per month "membership" +
.0029-.0047 per share clearing +
$1.25 per trade or .00175 per share for software +
.003 per share execution +
one-time fees +
equipment charges +
who knows what else

Do they think people are retarded?