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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>What are Direct Access Brokers?</h2><br />A <strong>direct access broker</strong> is a firm that provides their clients direct access to the exchanges via <a href=\"/stocks/electronic-communication-network-ecn.html\">electronic communication networks</a> (ECN).&nbsp; This way traders can execute the trade directly with <a href=\"/stocks/market-maker.html\">market makers</a> and bypass complicated order routing paths.&nbsp; This is why direct access brokers are a favorite for active traders, because slow execution leads to money loss.&nbsp; Direct access brokers focus more on the trading platform and order execution than providing research or stock tips.&nbsp; These trading platforms do not come cheaply.&nbsp; The average monthly fee for most direct access brokers is $100.&nbsp; However, since the majority of the direct access brokers client\'s are active traders, if a minimum number of shares are traded per month, this fee is waived.<br /><br /><h2>Direct Access Broker Fees</h2><br />Direct access brokers are able to provide cheaper commissions to clients by cutting out many overhead costs.&nbsp; Retail trading companies (Etrade, TDAmeritrade, etc.) have analysts, local offices and large tv marketing campaigns.&nbsp; This leads to higher costs which are eventually passed on to the client.&nbsp; Direct access brokers rely solely on their order exeuction and reliability of their trading platform to retain clients.&nbsp; This is why the majority of direct access brokers offer a per share commission model to keep costs extremely low for active traders.<br /><br /><h2>Direct Access Brokers Review</h2><br />There are a number of popular direct access brokers in the marketplace.&nbsp; Each broker has their own speciality but it appears that automated trading and lower <a href=\"/stocks/online-trading-commissions.html\">commissions</a> will be the battleground in the foreseable future.&nbsp; Currently there are a number of popular direct access brokers and below are some of the top companies.&nbsp; The basic assumption is that all of these brokers provide support for trading <a href=\"/stocks\">stocks</a>, <a href=\"/futures.html\">futures</a>, <a href=\"/options\">options</a>, and <a href=\"/forex\">forex</a>.&nbsp; The goal here is to point out some of the benefits of each platform.<br /><h3>thinkorswim</h3>thinkorswim is taking the approach of capturing the hearts of young investors.&nbsp; The platform provides a number of cool user interfaces, such as a fully functioning PDA platform.&nbsp; thinkorswim also offers a real-time trading simulator for active traders to practice on.<br /><h3>TradeStation</h3>TradeStation is one of the older direct access brokers and is the recognized leader with their rules based trading platform.&nbsp; This allows for automated execution of trading systems but programming through easy language.&nbsp; TradeStation began to lose ground to other companies which were pushing out new capatilities, such as simualted trading, flat fee trading, etc.&nbsp; <a href=\"/technical-analysis/tradestation.html\">TradeStation</a> has recently added a number of features to keep up with this ever chaning climate.<br /><h3>MBTrading</h3>MBTrading is very unique in that it can be integrated with other trading platforms.&nbsp; This way MBTrading focuses on handling the orders, while the trader can execute their orders via another trading application such as Esignal, AbleSys, or NeoTicker.', created = 1566528559, expire = 1566614959, headers = '', serialized = 0 WHERE cid = '1:259db4049978d47017e7487013aff545' in /var/www/html/mysmp/includes/cache.inc on line 109.
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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<p>Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide to navigating through the markets.</p><p>Tim is in the Timers Digest Top 10 Rankings for his newsletter and is the Author of \"The Secret Science of Price and Volume”. Ord also contributes to the Stocks &amp; Commodities Magazine.</p>', created = 1566528559, expire = 1566614959, headers = '', serialized = 0 WHERE cid = '1:2fda152348bc4ae73408bf0b82608e9a' in /var/www/html/mysmp/includes/cache.inc on line 109.
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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<p>Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for every symbol on the Nasdaq, NYSE, and AMEX.</p><p>Use the fast forward and pause features to analyze your trading decisions with more precision.</p>', created = 1566528559, expire = 1566614959, headers = '', serialized = 0 WHERE cid = '1:4dd69529abed14a5c1c8f3ba7e22f8eb' in /var/www/html/mysmp/includes/cache.inc on line 109.
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    Home • Stocks • Direct Access Broker Defintion & Reviews

    Direct Access Broker Defintion & Reviews

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    What are Direct Access Brokers?


    A direct access broker is a firm that provides their clients direct access to the exchanges via electronic communication networks (ECN).  This way traders can execute the trade directly with market makers and bypass complicated order routing paths.  This is why direct access brokers are a favorite for active traders, because slow execution leads to money loss.  Direct access brokers focus more on the trading platform and order execution than providing research or stock tips.  These trading platforms do not come cheaply.  The average monthly fee for most direct access brokers is $100.  However, since the majority of the direct access brokers client's are active traders, if a minimum number of shares are traded per month, this fee is waived.

    Direct Access Broker Fees


    Direct access brokers are able to provide cheaper commissions to clients by cutting out many overhead costs.  Retail trading companies (Etrade, TDAmeritrade, etc.) have analysts, local offices and large tv marketing campaigns.  This leads to higher costs which are eventually passed on to the client.  Direct access brokers rely solely on their order exeuction and reliability of their trading platform to retain clients.  This is why the majority of direct access brokers offer a per share commission model to keep costs extremely low for active traders.

    Direct Access Brokers Review


    There are a number of popular direct access brokers in the marketplace.  Each broker has their own speciality but it appears that automated trading and lower commissions will be the battleground in the foreseable future.  Currently there are a number of popular direct access brokers and below are some of the top companies.  The basic assumption is that all of these brokers provide support for trading stocks, futures, options, and forex.  The goal here is to point out some of the benefits of each platform.

    thinkorswim

    thinkorswim is taking the approach of capturing the hearts of young investors.  The platform provides a number of cool user interfaces, such as a fully functioning PDA platform.  thinkorswim also offers a real-time trading simulator for active traders to practice on.

    TradeStation

    TradeStation is one of the older direct access brokers and is the recognized leader with their rules based trading platform.  This allows for automated execution of trading systems but programming through easy language.  TradeStation began to lose ground to other companies which were pushing out new capatilities, such as simualted trading, flat fee trading, etc.  TradeStation has recently added a number of features to keep up with this ever chaning climate.

    MBTrading

    MBTrading is very unique in that it can be integrated with other trading platforms.  This way MBTrading focuses on handling the orders, while the trader can execute their orders via another trading application such as Esignal, AbleSys, or NeoTicker.
    Tim Ord
    Ord Oracle

    Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

    View Author
    Tradingsim.com
    Day Trading Simulator

    Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

    View Author

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