Best Stock Trading Platforms for DAS Trader Pro in 2024
Updated January 10, 2024
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- A list of the Top DAS Trader Pro Brokers for October 2024:
- Description of the Best DAS Trader Pro Brokers for October 2024
- Best DAS Trader Pro Broker Overall?
- What Is Direct Access Trading?
- Who Is DAS Trader?
- What Needs Does DAS Trader Pro Address?
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- What to Consider When Choosing a Broker in 2024
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- Frequently Asked Questions
- Final Thoughts
DAS Trader Pro is direct-access trading software that can be used through compatible online brokers or DAS on a market data basis only for a monthly subscription fee. DAS Trader Pro also provides a good range of market analysis tools and charts.
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.
Description of the Best DAS Trader Pro Brokers for October 2024
Brokers offering access to DAS Trader Pro are few. Those who do make this platform available to customers tend to be bigger, well-known brokerages. Here is our list of the best four brokers offering DAS Trader Pro.
1. ActivTrades
Pros
- No minimum first-time deposit
- Optimal trading execution
- More than 1,000 CFDs
- State-of-the-art trading infrastructure
- Customer support on 14 languages via email, chat and telephone
Cons
- No copy trading
- Not available for US clients
- No bonus for EU based clients
ActivTrades is a traditional CFD broker and has been trading for more than 20 years on 140 markets. ActivTrades is authorized and regulated by the FCA, CSSF and SCB.
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.
2. CenterPoint Securities
Pros
- Cost of using DAS Trader Pro waived for high-volume traders
Cons
- No educational resources for less-experienced traders
Cost to use DAS Trader Pro: $120 per month, waived if you trade over 200,000 shares in a month
Minimum deposit: $30,000
DAS Trader Pro market data: Standard package $18 per month. Premium $68 per month. Professional versions of these packages cost $63 and $148 per month respectively.
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.
3. Cobra Trading
Pros
- Waiving of fees for high-volume traders
Cons
- You must maintain $25,000 in your account at all times
Cost to use DAS Trader Pro: $125 per month, waived if you trade a minimum of 250,000 shares in a month
Minimum deposit: $30,000 and a minimum of $25,000 must be maintained in the account
DAS Trader Pro market data: From $12 to $100 per month
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.
4. Interactive Brokers
Pros
- Wide range of market assets
Cons
- Fees not waived for high-volume traders
Cost to use DAS Trader Pro: $100 for basic package, ranging up to $200 for more advanced packages
Minimum deposit: 0 for most accounts, but $10,000 for trading group masters
DAS Trader Pro market data: Varies depending on the specifics, although Interactive Brokers do point clients to DAS Trader itself for DAS Trader Pro market data
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.
5. SpeedTrader
Pros
- Relatively low trading fees as long as the account balance is above $25,000
Cons
- Limited range of market assets
Cost to use DAS Trader Pro: $25 for the web-only package, ranging up to $104 for more advanced packages. The monthly fee is waived should the client generate $499 commission.
Minimum deposit: $30,000 to use SpeedTrader Pro as a day trader
DAS Trader Pro market data: Varies depending on the specifics, from $15 to $115
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.
6. IG
Pros
- Highly regulated
- MetaTrader 4 (MT4)
- Over 10,000 instruments
- Available in the UK and US
- 24/7 customer support
Cons
- High fees
- No deposit compensation scheme for US accounts
- No copy trading
- Inactivity fees
IG is a great share trading platform for beginners thanks to its user-friendly interface and extensive educational resources.
Pros of IG include a wide range of trading instruments and markets, as well as the ability to access multiple account types and trading platforms. The platform also offers a demo account for beginners to practise trading strategies before investing real money.
However, IG isn’t the cheapest share trading platform, with relatively high trading fees and a minimum deposit requirement of £250 when paying by credit/debit card or PayPal.
In terms of additional fees, IG charges a commission fee for share trading, starting from £8 per trade. There’s also a custody fee of 0.25% per year for holdings of £250 or more.
Overall, IG is a solid choice for beginners looking for a user-friendly platform with extensive educational resources, but investors should be aware of its fees and minimum deposit requirements.
Best DAS Trader Pro Broker Overall?
Overall, in our opinion, Interactive Brokers is the best DAS Trader Pro broker. It offers a wider range of marketing assets than its competitors. There is no minimum deposit for the majority of accounts and commission rates are amongst the best for direct access trading.
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.
Pros
- A wide range of market venues
- Windows and charts are highly customizable to suit your needs and preferences
- Plenty of linked DAS Trader Pro educational videos on YouTube
- Mobile app that provides real-time data
Cons
- No opportunity to trade through the DAS Trader website
What Are the Pros?
- DAS Trader Pro offers a wide range of market venues, for instance, stock exchanges, where traders can directly carry out transactions.
- The DAS Trader Pro windows and charts are highly customizable to suit your needs and preferences, including the use of hot keys and shortcuts.
- There are plenty of linked DAS Trader Pro educational videos on YouTube.
- There is a DAS Trader Pro mobile app that provides real-time data.
What Are the Cons?
- There is no opportunity to trade through the DAS Trader website itself, only via a compatible broker, most of whom charge a hefty subscription fee. However, volume traders will generally find the monthly fee waived.
What to Consider When Choosing a Broker in 2024
We have recommended Interactive Brokers as the best DAS Trader Pro broker, but you should always carry out your own research before signing up.
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.
Frequently Asked Questions
DAS Trader Pro is a professional trading platform that provides advanced trading tools and market data for active traders. It is designed for traders who require fast execution and access to real-time market data.
To set up DAS Trader Pro, you will need to create an account with a broker that supports the platform.
Once you have an account, you can download and install the platform on your computer.
You will also need to configure your trading account settings and connect to your data provider.
Operating DAS Trader Pro involves using the platform's advanced trading tools, such as Level II quotes, hotkeys and advanced charting.
The platform also supports multiple order types, including limit orders, stop orders and trailing stops.
To operate DAS Trader Pro effectively, it's important to become familiar with the platform's features and functions.
The key features of DAS Trader Pro include advanced charting, Level II quotes, real-time market data, hotkey trading, and customizable layout and colors.
The platform also supports multiple order types and provides access to a wide range of markets, including equities, options, futures and forex.
The cost of DAS Trader Pro varies depending on the broker and the trading package that you select. Some brokers offer the platform for free to active traders, while others charge a monthly fee.
DAS Trader Pro is designed to be used with a specific broker, so the best platform for DAS Trader Pro will depend on the broker that you choose.
Some popular brokers that support DAS Trader Pro include Interactive Brokers, Cobra Trading and SpeedTrader.
It's important to compare different brokers and trading packages to find the one that best meets your needs.
DAS Trader Pro is used by a variety of online brokerage firms that specialize in active trading.
Some popular platforms that use DAS Trader Pro include Interactive Brokers, Cobra Trading and SpeedTrader. These brokers offer the platform to their clients as part of their trading package.
DAS Trader Pro is best suited for active traders who require fast execution and advanced trading tools.
The platform is designed to handle high volumes of trading activity and provides access to real-time market data and Level II quotes.
DAS Trader Pro is also customizable, allowing traders to create a personalized trading environment.
The system requirements for running DAS Trader Pro are relatively modest.
The platform can run on most modern Windows operating systems and requires a minimum of 4 GB of RAM and 1 GB of free disk space.
A stable internet connection is also required to ensure reliable access to real-time market data.
Yes, DAS Trader Pro is available as a mobile app for iOS and Android devices.
The mobile app provides access to real-time market data, advanced charting and order management tools. However, some features of the desktop version may not be available on the mobile app.
Yes, DAS Trader Pro provides access to Level II quotes, which display the full depth of the market and allow traders to see the bid and ask prices at different price levels.
This information can be used to make informed trading decisions and improve execution speed.
The order execution speed with DAS Trader Pro is very fast, with orders typically executing in under a second.
The platform uses a low-latency network and direct market access to ensure fast and reliable order execution. However, order execution speed can be affected by factors such as market conditions and network congestion.
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.
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