please could anyone tell me is the etrade direct access level2 the same as using ib witth esignal.are the spreads exactly the same.has anybody tried the etrade signal seeker package.how does it rate against esignal
E*Trade's main brokerage is not direct access. They do have E*Trade Pro which is direct access, but other than the E*Trade name, it does not have anything else in common with the standard E*Trade account. The commissions are different as well. If you are an active trader, you would be better off using a broker such as IB, MB Trading, CyberTrader, ChoiceTrade, XoomTrade (previously named PointDirex) or one of the other direct access brokers.
Another option to look at would be Ameritrade - their main accounts are not direct access, but once they merge their site with DATEK (which they bought), they will have order routing options available. From what I hear, that should be finished before year end. Its a web based interface, but if you use QuoteTracker as a trading front end, it will be just as fast as any proprietary system and their commissions tend to be better than most direct access firms.