Thats fair point, I don't suggest to get into a never ending...

Thats fair point, I don't suggest to get into a never ending race to bottom but SWF should know its limits and be able to recalibrate its fees, a 5 dollars looks reasonable to me, of course thats subjective. But look at the other components, 9.5 usd when many a competitors offering zero, explains why US trading participation is stagnant, checkout the HK fees, not very attractive SWF wont expand its footprint there.. and crypto follows same story.. thats primarily why swf can only draw attention to dodgy active traders number

I reckon SWF is stuck with a poor IT development team, 5 years into a market and still can't enable F & O segment, the must to have line item that makes any low cost brokers attractive, below is what they notified markets an year back and still going on.. that too for enabling it with just 5 coins