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Best DAS Trader Pro Brokers

January 24, 2023

DAS Trader Pro is a desktop trading platform built for professional direct-access trading. Traders who wish to use DAS Trader Pro can either a) open an account with an online broker that supports the third-party platform, or b) purchase market data through DAS directly and use the platform for analysis only with no trading. Both options carry a monthly fee to lease the platform. The DAS Trader cost varies across brokers.

The main (claimed) advantage of using direct-access software is faster order execution. DAS Trader Pro traders can route orders to over 100 market makers with latency-sensitive order validation. Though that’s a critical feature for professional traders trying to move large positions, the DAS Trader price of $100 a month or more will offset any liquidity benefit for casual traders.

DAS Trader Pro platform

Best DAS Trader Pro Brokers

Because they share a common platform, DAS Trader brokers compete heavily on price. Here's a summary of the best brokers that have DAS Trader Pro as a platform option.

  • Interactive Brokers
    - 4.5 Stars - Best Overall, $0 minimum deposit
  • Cobra Trading - 3 Stars - Direct Access Broker, $27,000 minimum deposit
  • SpeedTrader - 2.5 Stars - Direct Access Broker, $10,000 minimum deposit
  • CenterPoint Securities - 2.5 Stars - Direct Access Broker, $50,000 minimum deposit
Interactive Brokers
4.5/5 Stars Overall

Best Overall, $0 minimum deposit

Interactive Brokers offers the most complete DAS Trader Pro experience, providing traders access to global markets (135 market centers in 33 countries). Additionally, professionals can take advantage of industry-leading commissions, which includes the lowest margin rates across all balance tiers. Read full review

Visit Site open_in_new

New clients, special margin rates.

Cobra Trading
3/5 Stars Overall

Direct Access Broker, $27,000 minimum deposit

Cobra Trading is the best DAS Trader Pro broker for traders who prefer a direct access broker over a traditional broker. Cobra Trading offers good customer service, competitive margin rates and multiple trading platforms.

SpeedTrader
2.5/5 Stars Overall

Direct Access Broker, $10,000 minimum deposit

SpeedTrader is a direct-access broker with reliable customer service, over 25 order routes, and competitive software fees. SpeedTrader is similar to Cobra Trading and CenterPoint Securities, with the main differences being margin rates, commissions structure, and hard to borrow shorts access.

CenterPoint Securities
2.5/5 Stars Overall

Direct Access Broker, $50,000 minimum deposit

CenterPoint Securities is a direct-access broker with multiple clearing options and tiered, volume-based pricing. CenterPoint Securities is similar to SpeedTrader and Cobra Trading, with the main differences being margin rates, commission structure, and hard to borrow shorts access.

How much does DAS Trader Pro cost?

DAS Trader Pro data can be purchased directly from DAS, or through the brokers noted in this guide. If you subscribe to DAS Trader Pro directly, you are subscribing to use the trading platform without any order routing or execution. Traders should examine their trading activity before deciding to open an account with a broker that offers the DAS Trader Pro platform.

Traders can expect to pay $100 - $200 a month, depending on the data packages they require to trade. Note: The fees below are what traders can expect to pay if they are set on using DAS Trader Pro as a platform. Different fees are charged for different platforms. For example, traders have access to Trader Workstation (TWS) from Interactive Brokers for no monthly cost. Traders who do not need DAS Trader Pro as a platform should read our Best Day Trading Platforms guide.

Interactive Brokers: Software fees to use DAS Trader Pro are $100-$200 a month, depending on the data package a client is interested in. The cheapest package with Level 2 data is $150 a month. These fees are not waived by high-volume trading. Interactive Brokers’ IBKR Pro account tier charges between $.0005 and $.0035 per share, with a minimum of $0.35 per trade and a maximum of 1% of the trade value. The account minimum is $0. Read our full review of Interactive Brokers.

Cobra Trading: The monthly software fee for DAS Trader Pro is $125 (which doesn’t include data fees). It’s waived for clients who trade at least 200,000 shares a month. Cobra Trading charges between $.004 and $.002 per share based on how many shares are traded each month and has a minimum deposit of $27,000.

SpeedTrader: SpeedTrader charges $35-$99 a month to use different versions of DAS. The least expensive version is web-only. Market data feeds are available at an additional per-month rate, with the Level 2 data package costing $24 for nonprofessional users. The monthly software fee is waived for clients generating at least $499 in commissions. SpeedTrader charges between $.0009 and $.0029 per share. The account minimum is $10,000 for DAS Trader Pro and only $2,500 for the web platform.

CenterPoint Securities: The monthly software fee for DAS Trader Pro is $138, which includes Level 2 market data feeds. The monthly software fee is waived if traders trade 200,000 shares that month. CenterPoint Securities charges $.001 - $.003 per share with a minimum commission of $0.10 - $0.30, depending on volume, and has an account minimum of $50,000.

What brokers are compatible with DAS Trader?

As of December 2022, DAS Trader Pro is supported by these brokers:

Can you use DAS Trader Pro with TD Ameritrade?

Yes, DAS Trader Pro can be used with TD Ameritrade as your broker. Go to the DAS Trader website, choose “subscribe,” and choose the TD Ameritrade option. Pricing varies with the data package options. Most stock traders will likely choose the Deluxe package Level 2 U.S. equities, which runs $150 per month. Casual traders will find it far less expensive to use TD Ameritrade’s stellar thinkorswim platform instead.

Can you use DAS Trader Pro with Interactive Brokers?

Yes, DAS Trader Pro can be used with Interactive Brokers. Go to the DAS Trader website, choose “subscribe,” and choose the IB: Live option. Most stock traders will likely choose the Deluxe package Level 2 US equities, which costs $150 per month. Casual traders will find it far less expensive to use Interactive Brokers’ professional-level Trader Workstation platform instead.

What DAS Trader Pro broker offers the cheapest margin rates?

Interactive Brokers offers the best margin rates in the industry, and that includes DAS Trader brokers. For IBKR Pro accounts, margin balances of less than or equal to $100,000 were only 5.33% as of December 1, 2022.

Does DAS Trader Pro have a mobile app?

Yes. DAS Trader Pro is one of the few mobile trading applications to offer real-time Level 2 data. The DAS Trader Pro app provides the ability to locate shorts, display depth for options and use trade signals.

Does DAS trader work on Mac?

You can run DAS Trader Pro on a Mac device by using Apple’s Boot Camp utility. That said, DAS Trader Pro is intended to be used on a Windows device.

What trading features does DAS Trader Pro offer?

Most widgets on DAS Trader Pro have multiple layers of customizability, allowing traders to change colors, columns, and more. Customizable trading hotkeys allow traders to perform tasks like pulling up news or custom day charts, or buy and sell shares at a specific ask or bid price. Another feature that all DAS Trader Pro brokers offer is a short locator tool, a useful tool for any trader with a short-selling strategy. DAS Trader Pro also offers a trade signals tool, which allows users to screen stocks based on thresholds such as price movement, volume, and percentage points gained/lost.

What can you trade on DAS Trader Pro?

DAS Trader Pro supports stock, options, and penny stock trading. Futures trading, forex trading, mutual funds and bonds can also be traded if clients have a broker licensed for those products.

Final thoughts

DAS Trader Pro is a popular trading platform for day traders. The platform’s popularity stems from its focus on direct-access trading.

In our testing, we found DAS Trader Pro’s trading tools to be good, but not great, when stacked up against the best day trading platforms.

The biggest drawback to using DAS Trader Pro is the pricey monthly licensing costs (market data for professionals is similarly priced regardless of where you trade). For example, for our top broker recommendation, Interactive Brokers, it makes little sense to use DAS Trader Pro when you can pay no licensing fee to use the broker's Trader Workstation platform directly.

About DAS Trader Pro

DAS, the company that offers Das Trader Pro, is a market data provider for the CBSX, Nasdaq OMX, and NYSE/ARCA, among others. DAS provides access to NYSE floor brokers and routing strategies for exchanges, ALGO, dark pools, and liquidity providers.

The primary advantage of using DAS Trader Pro is the ability to route orders through over 100 different market makers. Traders can route orders based on the exchange of the underlying asset they want to trade. In this regard, direct-access brokers like Cobra Trading and SpeedTrader can compete with market leaders like Interactive Brokers.

StockBrokers.com 2023 Overall Ranking

Here are the Overall rankings for the 17 online brokers in our 2023 Review, sorted by Overall ranking.

Company Overall Customer Service Commissions & Fees Research Platforms & Tools Mobile Trading Apps Investment Options Education Ease Of Use Visit Site
Fidelity logoFidelity 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars Visit Site
B28906657.352420100;dc_trk_aid=545420322;dc_trk_cid=183869265;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=? https://d.agkn.com/pixel/10690/?che=[cachebuster]&cmid=28906657&sid=1659978&pid=352420100&cgid=545420322&cid=183869265&aid=3849093
TD Ameritrade logoTD Ameritrade 5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars Visit Site
E*TRADE logoE*TRADE 5/5 Stars 4.0/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars Visit Site
B29044786.354460154;dc_trk_aid=545775687;dc_trk_cid=183581899;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=? 1pixel.gif
Merrill Edge logoMerrill Edge 5/5 Stars 4.0/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars Visit Site
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Charles Schwab logoCharles Schwab 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars Visit Site
B29101415.354808537;dc_trk_aid=546369525;dc_trk_cid=184465731;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=? https://count.schwab.com/1/d/c.gif?aqet=imp&img=true&adv=CharlesSchwab&ag=UM&ch=Native&pl=354808537
Interactive Brokers logoInteractive Brokers 4.5/5 Stars 4/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars Visit Site
Firstrade logoFirstrade 4.5/5 Stars 3.0/5 Stars 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 4.5/5 Stars Visit Site
Webull logoWebull 4.5/5 Stars 3.0/5 Stars 4.5/5 Stars 3/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4.5/5 Stars Visit Site
Ally Invest logoAlly Invest 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars
Robinhood logoRobinhood 4/5 Stars N/A 4.5/5 Stars 2.5/5 Stars 3/5 Stars 4.5/5 Stars 3.5/5 Stars 3.5/5 Stars 5/5 Stars Visit Site
J.P. Morgan Self-Directed Investing logoJ.P. Morgan Self-Directed Investing 4/5 Stars N/A 4.5/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars
tastyworks logotastyworks 4/5 Stars 4.0/5 Stars 4.5/5 Stars 2/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars
TradeStation logoTradeStation 4/5 Stars 3.5/5 Stars 4.5/5 Stars 3/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 3/5 Stars Visit Site
B27507455.332723230;dc_trk_aid=524429225;dc_trk_cid=153403226;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=?
Tradier logoTradier 4/5 Stars 3.5/5 Stars 4.5/5 Stars 2.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 2/5 Stars 4.5/5 Stars
eToro logoeToro 3.5/5 Stars N/A 4.5/5 Stars 3/5 Stars 3.5/5 Stars 3.5/5 Stars 2.5/5 Stars 2.5/5 Stars 4/5 Stars
Vanguard logoVanguard 3.5/5 Stars 3/5 Stars 4.5/5 Stars 2.5/5 Stars 2.5/5 Stars 2/5 Stars 4.5/5 Stars 3.5/5 Stars 5/5 Stars
Sofi Invest logoSofi Invest 3.5/5 Stars 4/5 Stars 4.5/5 Stars 2/5 Stars 2.5/5 Stars 3/5 Stars 2.5/5 Stars 4.5/5 Stars 3.5/5 Stars Visit Site
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Methodology

For the StockBrokers.com 13th Annual Review published in January 2023, a total of 3,332 data points were collected over three months and used to score 17 top brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

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About the Editorial Team

Sam Levine, CFA, CMT
Sam Levine, CFA, CMT

Sam Levine is a longtime writer, investor and educator with nearly three decades of experience in the investing industry. His specialty is making even the most complicated investing concepts easy to understand for beginning and intermediate investors. He holds two of the most widely recognized certifications in the investment management industry, the Chartered Financial Analyst and the Chartered Market Technician designations. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.


Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.


Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.


Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
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