Yes, thank you and this is exactly the point - and this is not "Silliest idea", those were real charges hidden for two months! This was the robbery in 2009!I just changed the bold/italic print, since it's annoying..
I'm not a broker... you don't have to be a broker to understand how they make money...
The balances are totally un-important, since you only need the transaction volume/size to understand how much you will pay in fees. So if you can produce us your transactions during that time, we could actually see whether what they charged is more or less fair...
For instance... if you have 100k balance.... and you buy and sell 100k worth of ETF at $100 per trade/$200 roundtrip... and you do that 20 times a day... that's $4.000 in fees. If you do that each day, in a month (20 trading days) you will have paid $80k in fees.... whether you make money or not...
Probably with my language it was not clear - you can not be charged 100$ when you do not especially agree and sign to be a total idiot and willing to pay twenty times more, once industry standard is 5$
Is that fair... yes, it is.... is it according to the industry standard... yes, it is... does it matter if you start with 100k or 1mln... no, it doesn't.
no, it is not. The highest here is 150$/per trade (while in the USA it is around 5$/ per contract for retail clients, but once you are bigger client it will go done as well) and it would cost us 30.000$ circa, and if it was in the USA it would cost even less, around - 6,000$
All of us beforehand know the transaction fees... like this:
https://portal.ampclearing.com/account/commissionquote.aspx
https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks
And when we start trading, we agree to this fee structure. There is no way that any brokerage firm will charge a flat fee for active trading accounts... that's the silliest idea I've heard in at least a week.
AMP is our broker now and we have never had any type of problem, even if not yet traded in volumes yet.
But it is not working this way with Swiss banksters. Plese, open your mind undesrtand - I am speacking about another planet, looking for the support from all of you in order to fight crime and harm to traders and traders to be who is out the USA and other regulated jurisdictions, beacsue we are all pioneers of this new way to be, opened to us thanks to Mr. Leo Melamed and his group at CME.
Good night!