Direct Access vs. Professional Firm

Discussion in 'Retail Brokers' started by Simba, Dec 3, 2001.

  1. Simba

    Simba

    What are traders' opinions on being a DIRECT ACCESS TRADER vs. trading at a PROFESSIONAL FIRM?

    Obvious differences are:
    1. Margin (4:1 vs. 10:1, intraday)
    2. Licensure (Professional trading requires Series 7 license, DAT does not)
     
    #1     Dec 3, 2001
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  2. def

    def Sponsor

    the pros will add in bullets which will give you the ability to short on a downtick (albeit at a small price).

    you may want to do a search as there were a few discussions on this a while back.

    in the end, it probably comes down to what type of environment suits you best.
     
    #2     Dec 3, 2001
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