DAS Trader is a desktop platform for trading that has quite useful features needed by day traders. It is quite a competitive and professional trading platform that offers advanced order types, charting, basket trading and multi-account management in real time. It has a great combination of features such as advanced analytics, portfolio management and multi-instrument trading.
About DAS Systems
DAS Trader has been made by DAS Systems, which is a real-time market data solution provider for a firm’s brokers and dealers, online brokers, clearing firms, institutional trading desks and all sorts of traders all over the world who want better execution of services and streaming market data. DAS is also the market data provider for the Nasdaq OMX, CBSX, NYSE/ARCA, OTC Markets, Direct Edge, BATS and CBOE/OPRA.
DAS Trader Features
There are many useful features that the DAS Trader is equipped with. It allows the user to follow a stock’s price history, place orders and read up on the latest market news.
There is the possibility of expanding charts from a small window into a full-screen view for easy viewing options. There are almost ten tools on the platform for drawing, and you get a very convenient print function in case you want to save a chart.
It has around forty technical indicators like Linear Regression and Keltner Channels.
DAS Trader App
The DAS Trader app is easily available to download and is quite easy to use. It makes mobile trading a breeze. Like the desktop platform, it offers Level 2 market data, order entry, charts, options trading, news, and more.
The monthly price of DAS Trader varies from one brokerage firm to another. A broker may waive some of the fees for clients who are trading at least 250,000 shares in a month. Other traders may charge from $150 to $120 each month, which depends on the clearing firm they are using. Commissions are also applied according to the volume of shares in a month.
There is a good selection of venues, which are about 18 in total
It is quite simple and easy to move the windows around or add and delete some. This allows you to personalize your experience
There is a YouTube icon on the top of the platform that links to a page which hosts videos on how the software is used
There are options for hot keys which can be edited. There is a possibility of creating new ones as well
There are some bugs in charting and it is also less advanced than the competitors
There is no ability for trading in forex or futures
The DAS Trader offers a good direct-access platform, which is good for day traders. The software, however, pales in comparison to the rival brokers in terms of features and user-friendliness.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK