NexusFi: Find Your Edge


Home Menu

 





DeepDiscountTrading Broker


Discussion in Brokers

Updated
      Top Posters
    1. looks_one MetalTrade with 26 posts (18 thanks)
    2. looks_two sysot1t with 18 posts (20 thanks)
    3. looks_3 omaha786 with 16 posts (1 thanks)
    4. looks_4 Slipknot511 with 12 posts (19 thanks)
      Best Posters
    1. looks_one Slipknot511 with 1.6 thanks per post
    2. looks_two sysot1t with 1.1 thanks per post
    3. looks_3 MetalTrade with 0.7 thanks per post
    4. looks_4 Futures Operator with 0.5 thanks per post
    1. trending_up 116,163 views
    2. thumb_up 143 thanks given
    3. group 58 followers
    1. forum 270 posts
    2. attach_file 4 attachments




 
Search this Thread

DeepDiscountTrading Broker

  #11 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314

Correction to the above: Working with NT and Crossland support, we were able to fix the TF problem this morning. Now historical and live data work just like any other instrument.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #12 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

Slipknot, thanks for all these useful informations, I will talk with them, cos I'm finding a new broker with lower commission, but my fear is always that of a rip peck.

Luke.

Take your Pips, go out and Live.
Luke.
Reply With Quote
  #13 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314


My suggestion is to email support at deepdiscounttrading dot com with any questions you might have. Make sure they are answered to your satisfaction and in a timely manner.
Ultimately, the exceptional customer service from Howard is what tipped the scale in favor of me using them.
Mirus has some real nice advantages. It was a tough decision... but since I'm a scalper, low low commissions is a must.
FYI, ThinkOrSwim also has $3.50 RT, but I never really looked into them.

Reply With Quote
  #14 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
Posts: 206 since Sep 2009
Thanks Given: 99
Thanks Received: 113

Look like they dropped the commission. It is now quoted at $3.30 RT for ES.

Visit my NexusFi Trade Journal Reply With Quote
  #15 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985


cw30000 View Post
Look like they dropped the commission. It is now quoted at $3.30 RT for ES.

Look at post #8 one page back.

Luke.

Take your Pips, go out and Live.
Luke.
Reply With Quote
  #16 (permalink)
 wirechild 
Arkansas
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: TF, 6E, 6B
Posts: 86 since Jul 2010
Thanks Given: 192
Thanks Received: 135


Slipknot511 View Post
My suggestion is to email support at deepdiscounttrading dot com with any questions you might have. Make sure they are answered to your satisfaction and in a timely manner.
Ultimately, the exceptional customer service from Howard is what tipped the scale in favor of me using them.
Mirus has some real nice advantages. It was a tough decision... but since I'm a scalper, low low commissions is a must.
FYI, ThinkOrSwim also has $3.50 RT, but I never really looked into them.

Thinkorswim is actually $3.50 per side ($7.00 RT). They will give you a lower rate if you have more volume, but I think $6 RT is the lowest they will go. I use them for trading my retirement accounts which is longer term swing trading and they are great for that. I would not recommend them for Day trading though, the data feed is not reliable enough.

Reply With Quote
Thanked by:
  #17 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
Posts: 206 since Sep 2009
Thanks Given: 99
Thanks Received: 113

I looked at the whois for deepdiscounttrading.com and it was only created 2 years ago. Before 2010, it was a park domain.

Link belwo for the cache from 12/12/2009
Historic Thumbnails - Deepdiscounttrading.com - Deep Discount Trading

Visit my NexusFi Trade Journal Reply With Quote
  #18 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314


cw30000 View Post
I looked at the whois for deepdiscounttrading.com and it was only created 2 years ago. Before 2010, it was a park domain.

Link belwo for the cache from 12/12/2009
Historic Thumbnails - Deepdiscounttrading.com - Deep Discount Trading

That's why you always look into who the clearing firm is. That is where your money actually is. DDT is simply an IB. Without an IB, there are very few brokerages that will talk to you unless you are depositing a LOT of money. Daytrading margins are a function of your broker (or IB). They basically monitor your risk and guarantee the clearing firm you will not put them at risk. Hence the lower margins.

Just try calling Dorman or Rosentall Collins and see how far you get once they realize you are a small fish.

Reply With Quote
  #19 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009

Crossland quoted $3.28 RT, all-in for ES. That's mighty tempting.

Reply With Quote
  #20 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314



Zoethecus View Post
Crossland quoted $3.28 RT, all-in for ES. That's mighty tempting.

Be sure to ask about execution fees for platforms also. I pay .10 per side for NT (Not the static DOM either).
Here's the platform fees through my IB... don't know if they are the same with Crossland direct or not. Other than that, I can't think of any other surprises.

Did they happen to quote you margins and minimum deposit?

Reply With Quote




Last Updated on June 20, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts