Cybertrader Drops ECN Fees
New Commissions and Account Fees for Existing Clients
New Pricing, More Choices.
CyberTrader announces Per Share pricing and lower fees. Existing clients with accounts opened and activated before August 25, 2004 will enjoy the following changes immediately:
Choose the Pricing that Fits Your Trading:
Per Share Pricing1 -- Trade up to 2000 shares for just $0.006 per share and only $0.003 per share above 2000 shares.
-OR-
Per Trade Pricing -- $9.95 per trade up to 5,000 shares. For orders above 5000 shares, the large order fee has been reduced from $0.005 to $0.003 per share.
All CyberTrader accounts are initially set up for Per Trade pricing. If you wish to change your account to Per Share pricing, your change will be effective on the first day of the following month. For example, a request to change from "Per Trade" to "Per Share" pricing received by CyberTrader on October 16 would be effective on November 1.
Special offer: You can change your pricing at any time through September 30, 2004, and your new pricing will be effective on the following business day.
To change your account(s) to Per Share pricing, log in to eServices, enter the secondary password requested, and select "Update Account Package" today.
No ECN or Exchange fees -- CyberTrader's new Per Share and Per Trade pricing are now inclusive of all ECN and Exchange fees.
Reduced Option Commissions -- Trade options at CyberTrader for $9.95 plus just $1.00 per contract.
In addition to great new commissions, existing clients with accounts opened and activated before August 25, 2004 will also enjoy lower fees and faster account fee waive outs beginning September 1, 2004.
Lower CyberTrader Pro® Account Fees and Waive Out Levels -- For clients choosing Per Trade pricing, CyberTrader Pro is an even greater value now at just $149 per month. Place just 40 trades or 200 contracts and we'll waive this account fee for the month.
Per Share Fee Waiver -- Clients choosing Per Share pricing now have another way to meet their account fee (formerly called the data access fee) waiver. Choose Per Share trading and have your account fee waived by trading at least 40,000 shares or 200 contracts each month.
No Multiple User Fees -- No longer do you need to pay additional fees for additional users to view data on your account.
Faster Waive Outs -- CyberTrader has reduced the number of contracts or trades needed to waive out of your account fee each month. See tables below:
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