I'm going to open an account to trade stocks and I'm trying to understand how much they charge, but I couldn't understand what these terms mean. I'm talking about Nasdaq and NYSE here.

Here's the link : http://uk.saxomarkets.com/Documents/...ive_Trader.pdf

Here's what I got:


  • You pay $6 as long as you buy not more than 1000 stocks at once.
  • You pay 0.7 cents per stock if you order more than 1000 stocks at once.

Have I got that right?