Should you decide to subscribe to DAS Trader Pro through DAS, the monthly subscription fee starts at $125 for the basic service. This level is only for market data; it does not allow for trading through DAS. Using DAS Trader Pro through a licensed broker also incurs a monthly fee. This can range from around $100 up to $200 depending on which broker you use. Other fee aspects, such as minimum deposit, may also vary. DAS Trader Pro is intended for use mainly as a Windows desktop platform. However, you can access it on a Mac through Bootcamp, Parallels or VMWare Fusion. There is also a DAS Trader Pro mobile app. DAS Trader Pro is ideal for day and swing traders interested in trading the following, if they are offered by the prospective broker:
Stock options Futures Forex Mutual fund Bonds Penny stocks
Day and swing trading are both discussed in our article 13 Signs You Are Ready To Live Trade. Its strong points include:
No minimum first-time deposit No commissions Several payment methods for deposits and withdrawals Tight spreads from 0.5 pips
It offers one of the best execution speeds in the industry with low latency below 0.004s. It utilizes the most advanced technology to improve users’ trading efficiency – users can automate trades, build integrations and create trading apps using ActivTrades’ market-leading CFD and spread betting technology. Exceptional trading infrastructure is available on ActivTrader and MetaTrader 4 and 5. ActivTrades invests deeply in specially developed educational materials for its clients – including webinars, regular outlooks, manuals, etc. Type of offers: ActivTrades focuses on well-developed products in its trading portfolio. Customers can choose from over 1,000 CFD or spread betting instruments across forex, indices, shares, commodities, financials and ETFs. It also offers investing solutions for its institutional partners. Spread betting allows UK residents ONLY to trade the prices of financial instruments, including forex, indices, commodities and LSE shares. Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread betting and CFDs work and whether you can afford to take the high risk of losing your money CenterPoint Securities is a direct access broker serving experienced traders and those trading full-time. This broker offers individual, joint and corporate accounts. You can trade the US stock markets with CenterPoint, but futures, forex and foreign markets are not available.
Cobra Trading is a direct access broker offering stocks and options trading to its customers. It provides a range of accounts including individual, joint, corporate, LLC, trust and partnership. Cobra Trading is most suited to day traders, short sellers and scalpers.
Interactive Brokers is a large, well-known US broker offering a wide range of market assets to trade in. This broker provides a large variety of account types, including individual, joint, trust, friends and family, small business and money manager. For more information on this broker, read our Interactive Brokers Review.
Part of Mint Global Markets, SpeedTrader is a well-established DAS Trader Pro broker. It offers competitive pricing in comparison to similarly sized, smaller brokers. DAS Trader Pro is offered as SpeedTrader Pro. SpeedTrader users can choose from a COR account or an ETC account. SpeedTrader is better suited to day traders who have an advanced level of experience.
What Is Direct Access Trading?
Direct access trading enables a trader to buy and sell trading assets such as stocks and currencies directly through a trading exchange with no intermediary involvement. Generally, this is done via a direct access broker. Also known as direct market access, the first exchange to make this available was NASDAQ but since then many others have followed suit.
Who Is DAS Trader?
Founded in 2006 by Karen Barker-Gentile and Jun Liu, DAS Trader is a trading technology company based in Las Vegas, Nevada. In addition to DAS Trader Pro, DAS Trader provides several trading-related platforms and mobile apps, and a wide range of market analysis tools and services.
What Needs Does DAS Trader Pro Address?
The main advantage of using DAS Trader Pro is the ability to carry out fast order execution, with no interference from the broker, and key in multiple buy and sell orders in one go. This is especially important for active day traders because it improves the speed of transactions, hence allowing traders to make more purchases and sales each day. Just getting started as a day trader or want to find out more? Read Day Trading for Beginners. There are some key factors to consider before making your decision.
Is the Broker Suitably Regulated?
Are they regulated in multiple countries, and who are the regulatory bodies? What financial protection does this regulation offer you? In the US, financial regulation may be by FINRA and/or the SEC. A broker’s website should clearly state whom they are regulated by.
What Trading and Non-Trading Fees Are Charged?
Brokers make their money from a range of trading and non-trading fees charged to their clients. You should always check what fees you will be liable for before you decide to invest with a broker. Examples of fees include:
Inactivity penalties Deposit and withdrawal fees The minimum deposit required to open an account.
If the information is not immediately obvious, ask the broker for details.
Are There Account and Trading Minimums?
Beyond the deposit needed to open an account, is there a minimum amount of capital that you must maintain in your account to keep it open? Equally, must you have deposited a particular amount of capital before you can carry out certain kinds of trading, such as day trading?
What Markets and Trading Assets Does the Broker Deal In?
If you wish to trade futures or options, there is no sense in signing up with a broker who does not offer these products. Choose a broker who provides the assets that you want to trade.
What Level and Format of Customer Service Does the Broker Offer?
The quality of customer service offered by brokers can vary greatly. Check broker reviews to find out how highly their customer service is rated. A broker may offer a customer service phone line, access by email, or a live chat service on their website. Customer service may be available 24/7 or only during office hours Monday to Friday. Make sure the broker offers the type of support that suits you best.
Final Thoughts
DAS Trader Pro, with its highly customizable windows and charts, can prove ideal software for day traders who wish to make multiple trades on a rapid, high-volume basis with no middle-person interference. However, the key to using DAS Trader Pro effectively is choosing the best compatible broker to suit your needs. WikiJob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
