Tradezero conversation . tell me what you think

C

cashclay

Support: If the stock is non OTCBB, and abive $1 the limit that doesnt immediately exceute is free
[13:58] Support: Otherwise that would be $50 or $.005 per share

i was asking for 10000 shares. Cheap or expensive in you opinion? I say its pretty good. the only thing is i hear their platform is a little on the weak side; which could culminate to a lot of fees lol.
 
another thing here are some other fee they charge:
Hard to Borrow Short Locates At cost
Hard to Borrow Overnight Shorts 7x per share cost first night. 1x every night thereafter
Margin Debit Interest 8%
TAF Fee $0.000119 per share, sell side only
SEC Fee .00002210 x dollar amount, sell side only
NSCC Fee 0.00003 per share, $0.18 maximum and $0.033 minimum
FOCUS Fee 0.0000007 per share
SIPC Fee 0.000015 per share

Again is this expensive in comparison to other brokers??
 
And what exactly does hard to borrow overnight short 7x per share??? Im not understanding this. Are they saying it would cost me 7x the original amount that they are already charging me for the fees to locate the hard to borrow shorts?
 
I'm not aware of some of these fees like NSCC , FOCUS Fee and SIPC Fee as fees the client would pay. TAF is for options only. SEC section 31 fee is normal for stock and options sales.

They are not a US registered BD, so I'm not sure how they provide SIPC.
 
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