DETAILED explanation of all the fees that will incur any trader joining Zimtra. Above 1$ and sub 1$ situation detailed.
Fees are outlined here:
Zimtra How It Works.
Commission fees vary from $0 to $0.0015 per share. Rates are based on the plan. For the Pro and Elite plan comm fees are based on volume.
Plan types and comm rates are outlined here
https://zimtra.ky/how-it-works/Regulatory fees are passed through at prevailing market rates:
SEC: $27.80/1m
TAF: 16.6cts/1000 $8.30max
NSCC: $0.0017911/fill + 0.280074738/$1m
CAT: $0.000014/sh
The free route is called ZPRO.
ECN fee is $0.000/share (zero) for super-dollar (>$1) symbols and $0.001/share for sub-dollar (<$1) symbols.
Locate fees - variable, depending on market conditions of what you are trying to short
Overnight Interest - Fed Funds + 4.50% to 4.25% depending on monthly volume
Borrows (HTB) for carrying short positions overnight - variable, very competitive rates passed through from clearing
Monthly platform and market data - platform dependent
https://zimtra.ky/how-it-works/