Mneri
Private, 1st Class
- Messages
- 46
In a search of minimizing the trading costs, I'm seriously considering the DMA offer that my broker (Trade.com) has got.
If I'm understanding everything correct, DMA access can provide the best spreads available and I'm going to be able to trade at best prices from the pool of liquidity providers they've got there.
The major cons that I see is the rather high entry threshold - 5K is the minimum that you can start trading with.
The major pros are lower latency, better variety of stocks available, and hopefully, optimized trading costs.
I have a feeling though that I'm missing something here. There must be some other pitfalls of the offer. What are those that I'm missing?
If I'm understanding everything correct, DMA access can provide the best spreads available and I'm going to be able to trade at best prices from the pool of liquidity providers they've got there.
The major cons that I see is the rather high entry threshold - 5K is the minimum that you can start trading with.
The major pros are lower latency, better variety of stocks available, and hopefully, optimized trading costs.
I have a feeling though that I'm missing something here. There must be some other pitfalls of the offer. What are those that I'm missing?