What is Das Trader Pro?
Das Trader Pro or Direct Access Software represents a trading platform based on direct access trading technologies with advanced order types, charting, and multi-account management in a real-time environment. Das Trader Pro offers Real-Time Account Management, Direct Access Order Routing, Multiple Stop Types.
If you wish to use this platform, you could either fetch an online broker that facilitates working on this platform or trade directly and support a guiding platform that has nothing to do with trading. Whichever way you go, there are charges accordingly.
But why does a trading platform? Having an opportunity to trade on such platforms has its own set of advantages. For instance, your orders of stocks are quickly executed and give you access to more than 75 market makers, along with latency-sensitive order validation. Now, with such benefits, do you wish to know more about it? Check out the best das broker right here!
DAS trader pro brokers
Not every broker gives out the option to deal with the das trader pro platform, but there are surely some. Here are the best available options:
- Cobra Trading offers Das trader Pro
Cobra Trading is surely a good platform, and it also stands in the competition well when it comes to margin rates. Also, if you’re someone who finds it inconvenient to go with the monotonous traditional brokers, then try Cobra since it is very unconventional. Under them, you’ll find several trading platforms and fantastic customer service that’s always there to help you out. The only point is that the minimum deposit should be $30,000.
- Interactive Brokers offers Das trader Pro.
The name is already well heard; Interactive Brokers DAS platform providing facility is actually quite wholesome. You’ll find approximately 135 markets from over 33 countries present right on this platform, and also, as a professional, there are several benefits such as commissions that are best in this sector. Also, the margin rates are very less, and you don’t need to deposit anything in the form of a deposit.
- Centrepoint Securities offers Das trader Pro.
Centrepoint is not similar to interactive brokers; in fact, these brokers give you direct access. There are multiple options in clearing and pricing defined in the form of fixed, volume-based tiers. It holds some points matching Cobra Trading, and the only differences are margin rates, hard-to-borrow shorts access, and the commission structure. The minimum deposit for the same here would be $30,000.
- SpeedTrader offers Das trader Pro
It is a platform with the same service as Centrepoint, but they are well-known for their customer service and routes spreading up in good numbers. They have approximately 25 order routes and stand in the competition, making it really tough for others to provide the best software fees. The minimum deposit is an essential $30,000.
How much does Das Trader pro cost?
Das trader pro cost is between $100 to $200 per month. For example, the basic Das Trader Pro package ($100) offers NASDAQ Basic with Advanced Charting. In contrast, the Premium Elite package costs $200 and offers Options Level 2, OTC 2, ARCA book, IEX Deep, e-Mini Level 1, TSX Level 1, Imbalance, Fundamentals, and Forex data.
Das trader pro cost Table:
|Premium Elite (Includes access to iPhone/Android Interfaces)||Totalview, Options Level 2, OTC Markets Level 2, ARCA book, IEX Deep, e-Mini Level 1, TSX Level 1, Imbalance, Fundamentals and Forex data||$200|
|Elite (Includes access to iPhone/Android Interfaces)||Totalview, Options Level 2, OTC Markets Level 2, ARCA book, IEX Deep, Imbalance, Forex and e-Mini Level 1||$175|
|Deluxe (Includes access to iPhone/Android Interfaces)||Totalview, Options Level 2, OTC Markets Level 2||$150|
|Standard (Includes access to iPhone/Android Interfaces)||NASDAQ Regional, Options Level 1, OTC Markets level 1||$120|
|Basic (Includes access to iPhone/Android Interfaces)||NASDAQ Basic with Advanced Charting, NYSE and AMEX level 1 (no Level 2)||$100|
The data for the platform can easily be bought directly from them or even through different brokers, just like the ones you’ve found over here in this article. But, know that if you are going for the direct method, then the same will leave you no other option than trading via it, without any other form of execution or routing plans. This, in particular, won’t be beneficial as a beginner.
The DAS trader pricing can easily be between $100 to $200; it all depends on your requirements as a trader. This pricing is only applicable if you’re trading directly via the platform, but if you’re not, then a DAS broker might have its very own set of pricing. It can be:
Das Trader Pro monthly fee at Cobra Trading:
The monthly fee of this platform is $125, and if you trade in more than 250,000 or equivalent to this amount of shares, then this fee is scrapped off considering your high trading frequency. But, the initial amount doesn’t provide access to the optional data feeds since that is billed separately.
The trading charges can be around $0.002/share or $0.004/share, depending on how much you trade. Also, the minimum balance should be $30,000.
Das Trader Pro monthly fee at Interactive Brokers:
Different packages range from $100 to $200, depending on what the clients are looking for. With access to the 2nd level data, the most affordable package available lies at $150, and any fee won’t be scrapped or waived regardless of the high trading frequency.
The share charges can be between $0.0005 to $0.0035/share, and there is no minimum balance. But, if you want to go for a margin account, then the minimum deposit for the same would be $100,000.
Das Trader Pro monthly fee at CentrePoint Securities
The monthly is worth $120, and this features no inclusion of the optional market data feeds. If you have a trading frequency of over 200,000, then the fee will also be waived off. The per-share charge will be between $0.002 to $0.004 and $2.95 to $5.95 per trade. There is a minimum of $30,000 that needs to be deposited primarily for the account opening.
Das Trader Pro monthly fee at SpeedTrader
Different pricing packages range from $25 to $104, depending on the DAS trading platform level required by the trader. The package lowest in terms of pricing lies a $25, whereas the highest package gives you access to the level 2 data. So if you’re able to generate $499 in the name of commission every month, then the monthly fee is scrapped off for you.
The per-share charge is between $0.0025-$0.0044, and the per trade charge is between $2.95-$4.49. The minimum balance, once again, lies at $30,000.
Lowest Margin Rates: A comparison amongst different DAS Trader Pro brokers
Here is a classification of Cobra Trading, DAS trader pro interactive brokers platform, and SpeedTrader. Interactive Brokers provide a margin rate of 1.55%, Cobra Trading has a margin rate of 5.25%, and speed trader has a margin rate of 6.00%. It all stays the same up to $99,999.99. After that, Cobra Trading and SpeedTrader remain the same; meanwhile, the margin rate of Interactive Brokers begins going down as:
Above $1,000,000: 0.75%.
Rates as low as Interactive Brokers make them the best in this field, and they have the cheapest DAS trading platform cost.
What assets can you trade DAS Trader Pro?
On the DAS trading platform, you can find stocks, options, futures, forex, mutual funds, penny stocks, as well as bonds, but you do need to have a brokered license to work in any of the following.
Mobile Application and Operating System
Surprisingly, the DAS trading platform does have a mobile application that also features level 2 real-time data. You are provided access to find out shorts, make use of the trading signals, and have a look at a depth of options. Also, any MAC device can have this trading platform with the help of Bootcamp. Initially, this platform was only intended for Windows devices in terms of desktop use, but they do have solutions now.
Extra features on DAS Trader Pro
Several kinds of widgets present on this platform are free to be customized, and a trader can do multiple things with the same. For example, you could have access to custom day charts and other news and could also make sales or purchases at the price you specifically asked or offered.
With DAS trader pro, you could also take advantage of their short locator tool to get traders who frequently put short-selling strategies into use. There is also another tool that is specifically present to provide you signals in trading. With this, you’ll have a detailed screening that displays the volume, price movement, percentage, points, and other such thresholds.
This platform is top-rated amongst those who trade during the daytime, and they’re mainly famous for providing direct access to trading. The DAS pricing might be a bit on the higher note, but traders frequently use the platform. But, when compared to other amazing options, their widgets and tools are certainly not the best.
For instance, if you look at Interactive Brokers’ pricing, those are still much more feasible, and that’s when the platform can be put to use. Still, otherwise, the monthly maintenance charges along with the minimum deposit make the whole procedure a lot more expensive. In addition, the platform is a market data provider for big names such as NYSE/ARCA, OMX, Nasdaq, and others.