Hey David,
Everybody's out enjoying the sun. But, I've got a serious question for anyone. Has anyone visited the new Cyber website (www.cyber-brokerage.com). It is very nice, but check out the fee schedule.
Is this correct? The base is higher than any competitor out there that I can find, plus the real shocker is the ECN fees (for ISLD, TNTO, ATTN and Bloomberg) which are .015 a share or $15.00 per thousand. Now I know that ATTN and Bloomberg are usually extra charges, but what is the deal with ISLD and TNTO.
And, the "don't worry about the fees but the net" line won't work. I talked with many users of several different products and I don't think there's a second or two difference between MB or Cyber, yet the commission/fee charge is over $15.00 per ticket difference!
How can these fees be competitive? I called Cyber and some assistant told me they were correct. Are current users paying these fees? I'm curious to find out. I like the Cyber product, but an extra $15.00 a ticket? Someone please tell me this is a mistake.
Brent |
