Replies to post #859 on Zecco

[Yosako]

Now, compare that to Zecco, which has maybe $500 million in assets and TradeKing which has $1.2 billion. The economies of scale aren't there. And, even if they were to reach the size of Interactive Brokers and do the stupid thing and self clear, their fees would shoot up and small account holders would flee. Just look at Interactive Brokers price sheet: 0.005 a share with a min. of $1 and a max of .05. So it can still get pricey, and those doesn't include the ECN fees, which they don't pay for you - so it gets even more expensive. And, they require $10,000.00 min. deposit. I bet there are some other hidden fees in there, but their website sucks.

Frank0051, you've read it wrong. The maximum isn't .05 per share, it's 0.5% of trade value, which is a whole different ball game.
For pennies the rates are capped at 0.5% of trade value with a $1 minimum, that is a penny stock trade worth $2000 would be just $10 a pop. Sounds like a deal don't you think?