Yes, DAS Trader Pro can be used with Interactive Brokers. Can you use DAS Trader Pro with Interactive Brokers? Casual traders will find it far less expensive to use TD Ameritrade’s stellar thinkorswim platform instead. Most stock traders will likely choose the Deluxe package Level 2 U.S. Pricing varies with the data package options. Go to the DAS Trader website, choose “subscribe,” and choose the TD Ameritrade option. Yes, DAS Trader Pro can be used with TD Ameritrade as your broker. What brokers are compatible with DAS Trader?Īs of December 2022, DAS Trader Pro is supported by these brokers:Ĭan you use DAS Trader Pro with TD Ameritrade? CenterPoint Securities charges $.001 - $.003 per share with a minimum commission of $0.10 - $0.30, depending on volume, and has an account minimum of $50,000. The monthly software fee is waived if traders trade 200,000 shares that month. The account minimum is $10,000 for DAS Trader Pro and only $2,500 for the web platform.ĬenterPoint Securities: The monthly software fee for DAS Trader Pro is $138, which includes Level 2 market data feeds. SpeedTrader charges between $.0009 and $.0029 per share. The monthly software fee is waived for clients generating at least $499 in commissions. Market data feeds are available at an additional per-month rate, with the Level 2 data package costing $24 for nonprofessional users. SpeedTrader: SpeedTrader charges $35-$99 a month to use different versions of DAS. Cobra Trading charges between $.004 and $.002 per share based on how many shares are traded each month and has a minimum deposit of $27,000. It’s waived for clients who trade at least 200,000 shares a month. Read our full review of Interactive Brokers.Ĭobra Trading: The monthly software fee for DAS Trader Pro is $125 (which doesn’t include data fees). Interactive Brokers’ IBKR Pro account tier charges between $.0005 and $.0035 per share, with a minimum of $0.35 per trade and a maximum of 1% of the trade value. These fees are not waived by high-volume trading. The cheapest package with Level 2 data is $150 a month. Interactive Brokers: Software fees to use DAS Trader Pro are $100-$200 a month, depending on the data package a client is interested in. Traders who do not need DAS Trader Pro as a platform should read our Best Day Trading Platforms guide. For example, traders have access to Trader Workstation (TWS) from Interactive Brokers for no monthly cost. Different fees are charged for different platforms. Note: The fees below are what traders can expect to pay if they are set on using DAS Trader Pro as a platform. Traders can expect to pay $100 - $200 a month, depending on the data packages they require to trade. Traders should examine their trading activity before deciding to open an account with a broker that offers the DAS Trader Pro platform. If you subscribe to DAS Trader Pro directly, you are subscribing to use the trading platform without any order routing or execution. Here's a summary of the best brokers that have DAS Trader Pro as a platform option.ĭAS Trader Pro data can be purchased directly from DAS, or through the brokers noted in this guide. Best DAS Trader Pro Brokersīecause they share a common platform, DAS Trader brokers compete heavily on price. Though that’s a critical feature for professional traders trying to move large positions, the DAS Trader price of $100 a month or more will offset any liquidity benefit for casual traders. DAS Trader Pro traders can route orders to over 100 market makers with latency-sensitive order validation. The main (claimed) advantage of using direct-access software is faster order execution. The DAS Trader cost varies across brokers. Both options carry a monthly fee to lease the platform. Traders who wish to use DAS Trader Pro can either a) open an account with an online broker that supports the third-party platform, or b) purchase market data through DAS directly and use the platform for analysis only with no trading. DAS Trader Pro is a desktop trading platform built for professional direct-access trading.
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