Alliance Trader Broker Review
Alliance Trader is the name of the online equity trading service of Alliance Investment Management Limited. Alliance Investment has been in business for more than 20 years and offers the clients safe and time-tested methods for investing.
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The company offers a trading platform to its clients to trade in stocks listed on NYSE, NASDAQ, and AMEX and does not have any pattern day trading restrictions.
Alliance Trader is regulated and authorised by the Financial Services Commission of Jamaica. The products offered by Alliance Trader include a desktop software and web and mobile software, with a two-weeks demo.
DAS Trader PRO
The desktop software of Alliance Trader is named DAS Trader PRO. It is the highest level offering of the company with advanced features like advanced charting, real-time account management, multiple stop types, direct access order routing, collocated order executions, and many more. The platform can be accessed through multiple monitors for various order types, charting, and basket trading. Clients with access to PRO will also have access to NASDAQ regional.
The web and mobile software of Alliance Trader, DAS Active Web and DAS Mobile Web offer all the features of the desktop software, with the ability to access them on one screen, with fast and easy execution.
The commission structure of Alliance Trader is divided into a three-tier level.
- The Starter level costs $4.95 per month and is suitable for low volume traders who trade up to 400 units while the Max level, costing $8.95 per month, is suitable for high volume traders trading up to 2000 units.
- The Ultra level is suitable for extremely high volume traders. It costs $9.95 per month and allows unlimited unit volume trades. Apart from the packages, Alliance Trader has certain software and data fees, extra exchange fees, equity ECN fees, and other charges.
Years in business
Number of clients
Intraday stock trading
Financial Services Commission of Jamaica
Based on volumes, varies between $4.95 and $9.95 per month