I contacted Zecco and below is what they replied. Keep in mind that prior, you would still see that warning statement but the order would ultimately be rejected. Now the orders are being accepted. I am interested in if they rape you or not.
Thank you for contacting Zecco Trading.
INIX is currently traded on the Over The Counter (OTC) markets. As a result, there are two additional areas of risks involved with trading this security. Those issues can be found at our Help Center under Trades and Orders. For your convenience, I've copied and pasted those links here for you.
Any security that trades on the OTC markets are subject to the above risks identified. Although we cannot say for certain whether or not these will apply because the status changes without notice (we get any additional information than you get), we cannot confirm whether or not you will entertain this risk until after the trade is completed. If you don't want to take on this risk, please do not trade this security.
Mr. Kolk, I hope that this information has been helpful. Please feel free to reply to this message if you have additional concerns.
Sincerely,
Wilton Lam Financial Services Representative
What fees are associated with trading non-DTC-eligible equities? While the vast majority of equities traded by Zecco Trading customers are DTC-eligible, certain low priced equities (priced under $1.00 per share, commonly known as “Penny Stocks”) are not DTC-eligible or have had their eligibility revoked. You may consult the Known Non-DTC-Eligible List in our Disclosures Page or contact the specific company whose equity you intend to trade to confirm eligibility. Settlement of non-DTC-eligible requires physical processing, which can result in significant execution, deposit, transfer agent and other fees which can be as much as $700 per trade. The fees generated by the settlement of these physical positions are passed through by our clearing firm, Penson Financial Services, directly to our customers.
Fees related to these trades may be charged to a customer account as late as three weeks after a non-DTC-eligible equity trade. These fees may appear in your account listed as “DTC Fees”, “Deposit Fees”, “Transfer Agent Fees”, “NYW Fees” or in other ways.
Please note that neither Zecco Trading nor Penson mark up any of these fees before they are passed through to customers. It is your responsibility to investigate the eligibility status of a low-priced equity before trading it.
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