What do you want to do ? In the address bar, enter m. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced clients who have sufficient financial means to bear such risk. No information on this site is investment advice or a solicitation to buy or sell any financial instrument. We are recruiting – Join us! Test of the 20 main trading platforms offered by European brokers. This article needs additional citations for verification.
Direct-access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stockbrokers. Direct-access trading systems use front-end trading software and high-speed computer links to stock exchanges such as NASDAQ, NYSE and the various electronic communication networks. Most direct-access firms charge commissions based on trading volume, usually in terms of calendar months. Increased trading activity typically reduces commission for each trade. Commissions are generally on a per share basis and typically around 0.
Reduced commissions are considered a must for scalpers that trade significant volume on a daily basis. Unlike traditional online brokerages, direct-access brokerages usually pass through the exchange fees involved in trading to customers. Examples are specialist fees, Electronic Communications Networks fees, exchange modify and cancel fees, clearing fees, regulatory fees etc. Some firms set pre-established fee schedules rather than passing on exchange fees directly on a per case basis. Some firms do not charge their clients a platform fee.