I was with CMEG using DAS for a few months and did okay. Interested in giving Sterling Trader Pro a try? It pales in comparison to what other charting software such as. Had some success there too and am restarting CMEG but this time looking at Sterling. You can key in orders and execute trades on multiple tickers at the same time. Sterling Trader Pro, developed by Sterling Trading Tech (not a brokers but a trading software developer), is one of the two most popular direct access trading software for trading stocks. Read full review. As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Here are a couple of more chart examples: The news feed window with all news headlines, Or you can filter the news by specific ticker(s) Press question mark to learn the rest of the keyboard shortcuts. Sterling Trader Pro is designed to be a robust execution platform for VERY active day traders (and institutions), those who trade several 100s of thousands shares per month. Competitive Margin Rates, $30,000 minimum deposit Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others. You can program pretty much any hotkeys you need, and it’s rather straightforward to do in Sterling Trader Pro. SpeedTrader charges between $.0044 - $.0025 per share or between $4.49 - $2.95 per trade, and has an account minimum of $30,000. Cobra Trading - The monthly software fee for DAS Trader Pro is $125, which is waived for clients that trade at least 250,000 shares a month. Traders who wish to use Das Trader Pro can either A. Traders can expect to pay between $100 - $200 a month, depending on the data packages they require to trade. For charting they use other providers. Is there an option to show this? What really bothers me in sterling is how you can make the y-axis on the right to show you the crosshair mouse when you move the pointer? Pre-Market and Post-Market Trading Hours It’s important to remember specific times when using CMEG. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. You can simply right click on an open order and change the size and/or the price on the fly, without having to cancel the order and replace it with a new one. All rights reserved. DAS Trader Pro. Here’s an example layout that includes two different ticker symbols, each with its own linked windows. For options orders, an options regulatory fee per contract may apply. It does come with plenty of commonly used technical indicators, studies and drawing tools, but it lacks in ease of use, flexibility and depth. SpeedTrader - SpeedTrader charges between $25 - $104 a month to use different versions of Das Trader Pro. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Margin accounts at Interactive Brokers require a minimum deposit of $100,000. While you can trade options and futures with Sterling Trader Pro, at its core, it is designed primarily to trade stocks and that is what the majority of its users are using it for. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Standalone Level II (color coded) windows integrated with order entry. Traders can route orders based on the exchange of the underlying asset they want to trade. About the author: Blain Reinkensmeyer Purchase market data through DAS directly and use the platform for analysis only with no trading. However, most of the brokers will waive this platform fee for you if you trade more than 300,000 shares per month with them. Edited to add: and this morning while still setting up little details, I took a trade and the platform closed. Am working with the demo account now to get everything set up and I see differences between them and ToS that I don't care for. Interactive Brokers, who doesn’t offer Sterling Trader Pro, currently allows integration for their institutional clients only where they can execute trades through Sterling Trader Pro instead of using IB’s own platform. Hope you went with DAS. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Had that been my cash account I'd have had a heart attack. How do we make money? As the name suggests, it offers trading tools with direct access to market venues. CenterPoint Securities is a direct-access broker with multiple clearing options and tiered, volume-based pricing. While partners may pay to provide offers or be featured, e.g. Sterling Trading Pro comes with a run-of-the-mill news feed. Pros of CMEG:-US citizens can sign up (I'm not a US citizen, but still this brings in a lot of customers for them)-You can pick DAS or Sterling as your platform (~$150 per mo for platform+data) Cons:-Higher commissions ($3.95 per trade if < 1k shares)-Very … These fees are not waived by high-volume trading. The DAS Trader Pro app provides the ability to locate shorts, display depth for options, and use trade signals. There is no charting for options in Sterling Trader Pro. See the screenshots below. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. I've been using Sterling for more than a decade and I wholeheartedly hate it. For IB’s individual traders who don’t want to use IB’s own (quite inadequate) trading platform, the closest choice is the DASTrader Pro, developed by DAS Inc. It is widely used by active individual day traders , proprietary trading firms and institutional traders. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. Or you can filter the news by specific ticker(s). DAS Trader Pro is one of the few mobile trading application to offer real-time level 2 data. They had their minor faults, but overall they appeased. DAS Trader Pro supports stock, options, and penny stocks trading. If your trading style is mainly swing trading, then Sterling Trader Pro is an unnecessary overkill. The fact that most prop firm I use don't give me that many options. You can set the Sterling Trader Pro charts to show your executed trades. Did the same thing two days ago. Motley Fool Review: Can the Stock Advisor …, Timothy Sykes Review – Quality Alert Service …, Bookmap Review – What Makes This Charting …, TastyWorks Review – A Broker for Options …, Wealthfront Review – Do Automated Investment Platforms …, Acorns Review – Micro-Investing For Millennials. Whether you are a beginner investor learning the ropes or a professional trader, we are here to help. CenterPoint Securities - The monthly software fee for DAS Trader Pro is $120, which doesn't include optional market data feeds. It also provides services that brokerage firms and institutional clients will want to take notice of. You can choose from a long list of ECNs and exchanges to execute your trades. You have this in TOS and its really convenient when you look support/resistance its extremely hard to quickly identify the price as actual numbers in sterling? Best Overall, $0 minimum deposit - Open Account The screenshots below are some examples of what these windows look like in Sterling Trader Pro: Level I Simplified “Quick” Order Entry window, very useful to be used with other charting software, Trade Monitor – tabbed window where you can monitor and manage your orders (filled and open orders), Position Summary – your positions (closed and open). Hotkeys: Sterling Trader Pro offers the most comprehensive hotkeys in the industry. The monthly platform fee can range from $100 – $300 depending on the broker. DAS Trader provides a free mobile app while Sterling’s mobile app is an additional $25-per month. That said, DAS Trader Pro is intended to be used on a windows device. Direct market access offered with the ability to route to more than 50 market makers. If you subscribe to DAS Trader Pro directly, you are subscribing to use the trading platform without any order routing or execution. Sterling, like the above poster mentioned, has many issues. Exclusive Offer: New clients that open an account today receive a special margin rate. Sterling Trader Pro is built for robust execution, not for charting. In this regard, direct-access brokers like Cobra Trading and SpeedTrader can compete with market leaders like Interactive Brokers. Each window is standalone and “floating”, you can arrange them on different monitors any way you want. Its closest competitor is DASTrader Pro, developed by DAS Inc. Learn more about how we test. This layout allows you to watch and trade two tickers at the same time without one interfering with the order. FinViz Review – The Best Free Stock Screener? This platform is widely known by day traders and features many interesting tools and features. Please see our General Disclaimers for more information. DAS, the company that offers Das Trader Pro, is a market data provider for the CBSX, Nasdaq OMX, and NYSE/ARCA, amongst others. CenterPoint Securities charges between $.004 - $.002 per share or between $5.95 - $2.95 per trade, and has an account minimum of $30,000. This often occurs on days when markets are experiencing extremely higher than usual spikes in trading volume. 2. You're welcome. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.

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