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General Information |
| Brokerage name: Direct Access Trader
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| Minimum account size: $2000-$3000
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| Base commission rates: $9-$10
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Brief explanation of margin rates, if applicable:
Current rate as of 3/22, 8.5% Debt, 3.75% Credit.
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Stocks
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Brief description of services offered:
Multiple trading platforms and services accomodating the active trader.
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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:
| Stocks
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Mutual Funds
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Options
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| Other trade types: N/A
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Types of quotes offered to customers:
| Delayed Data
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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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CBOE-Chicago Board Options Exchange
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Frankfurter Wertpapierborse (FWB)
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London Stock Exchange
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| NASDAQ
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New York Stock Exchange (NYSE)
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OTC
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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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Checking account, debit card, credit card
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Allow naked option writing
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Ways customers can access their trading account:
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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: No
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Additional Comments
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Special features included in the service are:
Real Time Direct Access Trading Platforms
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This broker's service is better than the competition in these areas:
Customer Service, Commissions, Trading Platform Fees
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Types of security precautions taken for customers:
Platform Risk Parameters, $25 Million Equity Insurance, Margin Specialists
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Communications during systems failures has been assured through:
Phone Ready Licensed Trader Support, ICQ, Email
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The major plans for upgrading the current level of trading service are as follows:
New and Improved Trading Platforms, Trading Routes, Additional Exchanges, Enhanced Trading and Research Tools
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