Interactive Brokers Question
What is the Difference between DMA brokers and Direct Access Brokers? Also can you give me some examples of a DMA broker ? Thanks in advance.
I've been trading for roughly a year using only online brokerages (fidelity,OptionsXpress), and I wanted to start trading more frequently. Are there limitations to using a Direct Access broker like Tradestation or IB ? Would I have more trading freedom going through a Proprietary Trading Firm...