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General Information |
| Brokerage name: DayTrade Technologies
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| Minimum account size: > $10000
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| Base commission rates: $14-$16
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Brief explanation of margin rates, if applicable:
Margin is 2:1 intra-day and on internet stocks; 4:1 overnight
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Instant order execution-Stocks
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Brief description of services offered:
We offer free monthly level II, free education, Quantum Leap Virtual Trader and RealTick III. DayTrade also provides discount tickets from $10 and up
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Account Information
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Types of trading accounts offered:
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
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| Other trade types: Daytrading with instant order execution
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Types of quotes offered to customers:
| Real-Time
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Nasdaq Level II
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
| American Stock Exchange (AMEX)
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NASDAQ
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New York Stock Exchange (NYSE)
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
| Technical Analysis
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Fundamental Analysis
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Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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| Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
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Head line news
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Wireless (quotes, alerts, execution, etc.)
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Checking account, debit card, credit card
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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Mail
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: No
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| Offer tax planning advice: Yes
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Additional Comments
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Special features included in the service are:
Live Level II charts, graphs, decision support, instant order executions, and chat rooms
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This broker's service is better than the competition in these areas:
Free level II, free and discounted education, better service
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Types of security precautions taken for customers:
N/A
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Communications during systems failures has been assured through:
Phone-in trades to the broker desk, instant messages to tech support in the program and email order support.
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The major plans for upgrading the current level of trading service are as follows:
We are researching all the major level II platforms to determine which will serve our customers the best in the long run.
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