Financial Institutions/Services - Datek
Number of Customer Reviews for Datek: 0
Would you like to provide a review for Datek
? If so click here
Datek is a discount broker and offers limit order trades and low cost market on NASDAQ and NYSE. Datek offers Datek Direct and Trader Workstation 4.0 software to offer real quotes and order entries. Datek does not offer many options for conducting technical analysis, track indices, etc. Yet Datek offers you full opportunities for day trading. You can decide your orders and route them too. You do not have to route them through different marketing firms as small delays in connecting and dealing with other firms can make great changes in your prices and profits.
Datek offers direct access platforms, which help you deal directly. You save lot of money through such direct dealing of shares. Such direct access platforms have many more additional features. However, commissions are higher at Datek but their excellent features outrun all other charges.
Datek Direct is a java-based feature of Datek. Although it is not fully available, yet there are many clients using Datek Direct with available features to carry on with their stock trading. Datek Direct has additional smart-order-routing software to locate the best price for any stock. You can receive message of your stock transaction on the same screen and you need not flip screens to receive messages or scout for other information. You can also receive real time charts on your screen through Datek’s display option.
Although Datek offers excellent trading options, there are a few weak points too. Datek web site has innumerable visitors and hence site remains logged off on heavy trading days. Available options at Datek are basic and simple and you can trade only such options. Datek has to develop still more to develop options that are more complex and support relevant transactions.
Datek offers e-mail support though not much commendable. You receive quick responses to your e-mails but these are polite and noncommittal e-mails. They do not offer any accurate solution to your problem. It is difficult talking to them on telephone as it is an international call. Although Datek offers margins or overdraft on your purchases, it is on your own risk. Market conditions could cause havoc to your stocks and your overdraft.
There are no customer reviews for Datek. Would you like to provide a review for Datek
? If so click here
Disclaimer: These reviews are for educational purposes only. The reviews given here are personal opinions, and other people might have different views on the products reviewed on this website. You should make any buying decisions based on your own judgment. No guarantees of income potential are given or implied; such income potential is dependent on your own skills and resources. We may receive commission or revenue from any service or product that is purchased through this site.