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Showing content with the highest reputation on 12/28/2021 in all areas

  1. 1 point
    @CassA @Peter de Beir DAS is just a middleman between yourself and your broker to execute trades more efficiently. The only fee that DAS will every charge is their monthly cost. Any other fee associated with trading is charged from the Broker. The tricky part is understanding that DAS does not have a perfect relationship with brokers to calculate all the fees correctly. DAS tries to calculate the broker fees, the ecn fees, the regulatory fees, the clearing fees, that are charged through the broker, but most of the time, if not 100% of the time, the fees are inaccurate. For example, if you are looking at your fees/commissions on the DAS platform, those are guesstimates and are most certainly inaccurate. You need to go to your actual broker statement to find the exact charges. As far as I know, you can request DAS to charge whatever your broker charges for the actual commission fee, but all the other fees, especially the ECN fees or rebates, are very likely to be inaccurate guesses. For anyone using Interactive Brokers and DAS. take a screen shot of your account page in DAS with the commission and fees after you are done trading the day. Save it. Later that evening when your broker fee is available around 8pm EST or so, log onto IB and compare the commissions in IB with the commission in DAS. Mine are ALWAYS different. IB/your broker will always be the more accurate one you are actually getting charged.
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