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DeepDiscountTrading Broker

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  #101 (permalink)
 Birch49 
Necedah, Wisconsin
 
Experience: Advanced
Platform: Genesis Trade Navigator
Broker: Infinity with TransAct Futures
Trading: ES and Bonds
 
Posts: 7 since Jul 2010
Thanks: 0 given, 3 received


MetalTrade View Post
It's not confusing, CQG has 3 versions.

There is CQG Lite, trading only on a small dom for a very cheap price, the CQG trader (without charting) and CQG Integrated, the full blown CQG trading + charting.

This is the Platform CGQ Trader...NOT THE CHARTING....I do see where you can get a version of CQG from Market Studies called Demark Prime for $500 per month...quite a savings over CQG its self....Birch

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  #102 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


Birch49 View Post
CQG Trader....costs $25 per month for most all markets...you have to check on that...only cost Birch

Birch, on th DDT site, there is 25 cents per side fee for CQG trader, is total round turn for ES $3.82?

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  #103 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


omaha786 View Post
Birch, on th DDT site, there is 25 cents per side fee for CQG trader, is total round turn for ES $3.82?

CQT Trader Monthly Cost is $395 per month .... that is the all in cost.. transactions and platforms.. for CQG..

what does that means? simple...

the min cost is $25/month plus $0.50 per transaction round trip... which is tailored to those doing less volume...

it means that you must trade 740 RT per month before your platform costs are paid and your transaction costs drop by $0.50...

so with DDT... your commissions without platform costs is: $3.32 RT... plus $0.50 RT... plus $25 per month.. or basically $3.82 and $25/month...

once you hit 740 RT... then you will be rebated the $0.50RT... which means you will still get it deducted, but it is rebated at the end of the month.

so if you trade 1000 contracts per month, then you get back $130 at the end of the month... $0.50x260 ...

I hope that helps.

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  #104 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


sysot1t View Post
CQT Trader Monthly Cost is $395 per month .... that is the all in cost.. transactions and platforms.. for CQG..

what does that means? simple...

the min cost is $25/month plus $0.50 per transaction round trip... which is tailored to those doing less volume...

it means that you must trade 740 RT per month before your platform costs are paid and your transaction costs drop by $0.50...

so with DDT... your commissions without platform costs is: $3.32 RT... plus $0.50 RT... plus $25 per month.. or basically $3.82 and $25/month...

once you hit 740 RT... then you will be rebated the $0.50RT... which means you will still get it deducted, but it is rebated at the end of the month.

so if you trade 1000 contracts per month, then you get back $130 at the end of the month... $0.50x260 ...

I hope that helps.

Thank you. Is OCO bracket server side managed with CQG Trader?

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  #105 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009

it is part of the advanced trading features if I am not mistaken, which is $100 per month... so the base would be $125... still total $395... the issue is finding the FCM to let you have the advanced features... DDT(Crossland) will be more than happy to do so... I have not found any other willing to do it.


omaha786 View Post
Thank you. Is OCO bracket server side managed with CQG Trader?


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  #106 (permalink)
 EDGE 
Saint Louis, Mo., USA
 
Experience: Advanced
Platform: NinjaTrader, Tradestation
Broker: Amp/CQG, Velocity/TT, Kinetick, TS
Trading: Anything That Moves..
 
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Posts: 185 since Aug 2010
Thanks: 95 given, 363 received


I created a webcast yesterday morning. It isn't necessarily all about future's brokers, but I do share what I discovered when researching them for myself. I compare Technologies used to interface with ninja, commissions, and my personal experience with customer service. Tradestation, Zumo, Velocity, Infinity, Global, and although not discussed you'll see Amp w/CGQ commissions as well (although be aware, those amp quotes are supposable special rates) ( I should also mention, these rates were quoted for an estimated 300 contract round trips a month). You can jump right to the 8:30'sh mark if you only want to see the broker part of the webcast. Please don't let this be the only influence in your decision, do your due diligence. This is only just my personal experience and research!





I actually created this as an addition to my personal trading journal that I have recently started here on futures.io (formerly BMT). If interested, You can find that thread here:






Please direct any comments you might have to my journal thread. It's very doubtful that I will see it here. It does require Elite Access. But if you're not an Elite Member here yet, SHAME on You!



Edge

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  #107 (permalink)
 Birch49 
Necedah, Wisconsin
 
Experience: Advanced
Platform: Genesis Trade Navigator
Broker: Infinity with TransAct Futures
Trading: ES and Bonds
 
Posts: 7 since Jul 2010
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sam028 View Post
Can mention your broker's name please ?

Howard Lender is the man.....I trade alot of contracts but you dont have to.... Birch

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  #108 (permalink)
 Birch49 
Necedah, Wisconsin
 
Experience: Advanced
Platform: Genesis Trade Navigator
Broker: Infinity with TransAct Futures
Trading: ES and Bonds
 
Posts: 7 since Jul 2010
Thanks: 0 given, 3 received


omaha786 View Post
Birch, on th DDT site, there is 25 cents per side fee for CQG trader, is total round turn for ES $3.82?

I know, I was expecting that too. When I fiqured out my costs it came to $3.32 on emini S&P and $2.16 for Bonds and notes....If theres the $25 per month, I havent seen that as of yet. Go to the web site...They carry some platforms that are free including your live feeds...Birch

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  #109 (permalink)
 DarkPool 
Battle Ground, WA
 
Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker: MB Trading
Trading: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received

If you trade Spot Forex using limit orders only, MBT *Pays* you $3.90 round trip. That's a good commission structure!

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  #110 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


DarkPool View Post
If you trade Spot Forex using limit orders only, MBT *Pays* you $3.90 round trip. That's a good commission structure!

when someone pays me to trade with them I become wary... kind of similar to a millionaire polititian... you kind of wonder why they would spend $30-50MM+ to get a job that pays only $150K tops...

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  #111 (permalink)
 soveral 
North Port, Florida USA
 
Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker: DDT-TT
Trading: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

Hi Traders;
I pay $3.32 r/t for equity futures but if you notice on your statement there will be a charge of 10 cents per side using Ninja. I just talked to Ed at Crossland and he confirmed this because my statement was off.
soveral

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  #112 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

The $0,1 is for paying to TT not for crossland. This is like this with every broker, some include that in their price. Overal DeepDiscountTrading.com is still way cheaper than any other broker out there. And it gives an absolute top service.

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  #113 (permalink)
 soveral 
North Port, Florida USA
 
Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker: DDT-TT
Trading: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

I agree MetalTrader and I have talked to Howard who is most helpful.
soveral

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  #114 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
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MetalTrade View Post
If you are doing a little bit of volume (like I do)

How much volume are you doing, and what are you paying?

Mike

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  #115 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Depends on the month, I would say between 1500 and 4000 traded contracts.

I will not disclose my rates, but it's lower than advertised on his site.

Howard from DDT is a great guy, he'll work day and night for you. He deserves every retail customer out there. Period. I get nothing from promoting him here, I'm just so happy with him that he deserves my support.

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  #116 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


MetalTrade View Post

I will not disclose my rates, but it's lower than advertised on his site.

I can actually second Metal on the statement as to the lower comms if you show the volume as I have lower comms as well by about 25%..... I didnt even had to ask too hard, I waited about a month ... once my volume was noted I actually got a call from crossland recommending I get a B-4 to lower my exchange costs given they could only lower my comms so much.. I thought it was nice of them to follow up with me to see how they could save me $$$...

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  #117 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


MetalTrade View Post
Depends on the month, I would say between 1500 and 4000 trades.

Metal, are these numbers contracts or trades?

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  #118 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Sorry, I meant contracts.

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  #119 (permalink)
Zchartist
Chicago, IL. USA
 
 
Posts: 20 since Nov 2010
Thanks: 2 given, 5 received


soveral View Post
Hi Traders;
I pay $3.32 r/t for equity futures but if you notice on your statement there will be a charge of 10 cents per side using Ninja. I just talked to Ed at Crossland and he confirmed this because my statement was off.
soveral

Correction : I believe you meant to say .05 cents per side or .10 cents RT for NT / TT. Not .10 cents per side.

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  #120 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


Zchartist View Post
Correction : I believe you meant to say .05 cents per side or .10 cents RT for NT / TT. Not .10 cents per side.

5c is for the FIX Adapter with NT which means you can use Dynamic DOM and Chart Trader... 10c is for Static DOM... which will also include chart and dynamic.

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  #121 (permalink)
 rani 
Prague, Czech Republic
 
Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker: DeCarley/OEC, IBKR, IQFeed
Trading: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 84 received

Guys, is it possible to use more platforms I own (like Sierra Chart, Ninjatrader) on TT-fix with DDT? Simultaneously?

Thanks

rani

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  #122 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


rani View Post
Guys, is it possible to use more platforms I own (like Sierra Chart, Ninjatrader) on TT-fix with DDT? Simultaneously?

Thanks

rani

I use Sierra Chart on TT-fix with DDT. I am pretty sure you can use Ninjatrader too, but not sure whether you can use both at the same time. You may need to ask Howard for a separate login if you need to use both at the same time.

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  #123 (permalink)
 rani 
Prague, Czech Republic
 
Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker: DeCarley/OEC, IBKR, IQFeed
Trading: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 84 received


omaha786 View Post
I use Sierra Chart on TT-fix with DDT. I am pretty sure you can use Ninjatrader too, but not sure whether you can use both at the same time. You may need to ask Howard for a separate login if you need to use both at the same time.

I have talked to Howard - cannot use them at the same time.

rani

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  #124 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

just ask a second login or split your trading money in half and make 2 accounts

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  #125 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


MetalTrade View Post
just ask a second login or split your trading money in half and make 2 accounts

I have an OEC account. OEC gave me a separate login for Sierra Chart. When I trade through either OEC platform or Sierra Chart, the same trade appears on another platform. I can manage the trade through either one. It's the same account with two different logins.

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  #126 (permalink)
 rani 
Prague, Czech Republic
 
Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker: DeCarley/OEC, IBKR, IQFeed
Trading: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 84 received


MetalTrade View Post
just ask a second login or split your trading money in half and make 2 accounts

i think i can get two logins, so that it is ok. just cannot use them at the same time, which is not a big deal for me

rani

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  #127 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


rani View Post
i think i can get two logins, so that it is ok. just cannot use them at the same time, which is not a big deal for me

rani

If you don't use at the same time, one login is enough.

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  #128 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


rani View Post
I have talked to Howard - cannot use them at the same time.

rani

that is very much correct... it uses the same port for the connection for a single user id... so not possible... however, you can have multiple accounts (not with the same FCM) and that would work ok as long as your platform allows you to select what account you trade with from the chart or dom..

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  #129 (permalink)
 Affliction 
Springfield, MO
 
Experience: None
Platform: SC
Trading: ES
 
Posts: 107 since Mar 2010
Thanks: 2,344 given, 45 received

Alright, someone set me straight - I beg of you.

After reading this thread and many other related threads (data feeds), I am confused. Is TT capable of being used for charting and chart trading through DDT on NT? I don't use Delta, volume studies (other than the simple), etc. I really like Howard, but I am concerned with the quality of the TT feed from DDT and others. The most confusing part concerning my question is that it seems that many (not all) use the TT for execution only and use some other data feed for charting. I attempt to simplify the techy part - one feed to chart and execute.

Please someone let me know your experience with the TT feed from DDT, especially if you trade from the charts on NT or SC for that matter. I want to make the right decision - I hate moving from one broker to another, so I want to take full advantage of their offerings and create a longterm relationship - their commissions are worth it.

Thanks for setting me straight! Let the comments flow.

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  #130 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Hello, yes it is absolutely.

Call up or email Howard ask for a free demo, you will see the TT datafeed is great from DDT. They also didn't had the problems that Velocity had with Sierrachart on the TT datafeed.

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  #131 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


Affliction View Post
Alright, someone set me straight - I beg of you.

After reading this thread and many other related threads (data feeds), I am confused. Is TT capable of being used for charting and chart trading through DDT on NT? I don't use Delta, volume studies (other than the simple), etc. I really like Howard, but I am concerned with the quality of the TT feed from DDT and others. The most confusing part concerning my question is that it seems that many (not all) use the TT for execution only and use some other data feed for charting. I attempt to simplify the techy part - one feed to chart and execute.

Please someone let me know your experience with the TT feed from DDT, especially if you trade from the charts on NT or SC for that matter. I want to make the right decision - I hate moving from one broker to another, so I want to take full advantage of their offerings and create a longterm relationship - their commissions are worth it.

Thanks for setting me straight! Let the comments flow.

I use SC + DDT/TT. I don't see any problems. I only use price chart, no volumes. The advantage to use DDT is you can switch to other execution platform such as Rithmic very easily in case you don't like TT.

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  #132 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received

omaha786,

Can you pull up Time of sales? When I request a demo account, the ToS is off by like 8 seconds. My time bar from ninja didn't start plotting under 8 seconds into the bar.

I don't know if this is the case for live.

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  #133 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


cw30000 View Post
omaha786,

Can you pull up Time of sales? When I request a demo account, the ToS is off by like 8 seconds. My time bar from ninja didn't start plotting under 8 seconds into the bar.

I don't know if this is the case for live.

That's interesting. I never looked at ToS. I will try to compare DTT/TT with OEC. Let you know later.

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  #134 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


cw30000 View Post
omaha786,

Can you pull up Time of sales? When I request a demo account, the ToS is off by like 8 seconds. My time bar from ninja didn't start plotting under 8 seconds into the bar.

I don't know if this is the case for live.

I just did a comparison. The left side is DDT/TT, the right side is OEC. The timestamp is off by 9 seconds, but trades are the same. They popup at the same time on the screen. No delays for DDT/TT. So it looks like a timestamp issue. Hmm?

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  #135 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received

Yes. Timestamp issue. According to NT, TT's timestamp is off the broker's server, that's why it is off.

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  #136 (permalink)
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
 
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Posts: 516 since Dec 2010
Thanks: 227 given, 140 received

I'm very glad I joined this forum. You all are most kind to help and offer you input. I'm trying to make a well-informed decision, actually decisions, and this info has been invaluable. We all know about the time commitment involved here. I wish to pay it upfront as much as possible so once I decide upon a course of action, there will be less likelihood of regret down-the-road...

Maybe me wanting to have a platform do it "all" is not realistic. Maybe we wanting a broker to do the same is similarly not a stance for which I should be adamant. But, for me, they seem to exist in that MC does options, as well as stock, futures and FOREX. How well options is handled by MC, I have no idea. I would like to see how it compares to ToS, but even if it's adequate, I'd probably be satisfied. From the broker side, MBT is not quite as cheap as DDT, but at $1.81 rt (total price) for futures, it compares pretty darn good against DDT at $1.66. MBT does stock, options and FOREX too though; and is supports MC. I don't envision myself trading stocks, options and futures the same day. Maybe not even the same week. Heck, I might just trade futures on certain days that merit a strat or approach I could have. Hard to say until I learn more about futures... I will most likely only trade stocks and options when alerts are triggered. Would be nice to have the flexibility to do this all from within the same platform, as opposed to having two or more apps open and keeping my knowledge on each sharp. I would ideally like to immerse myself into one, its language and all of its facets. Maybe I'm wrong to think this way, or to think MC is that solution. Since I envision options being a continued emphasis for me going-forward, even if I truly can do well trading futures (my few paper trades with ES were not exactly positive), I need to get the low down on what MC offers options traders...

This is an SC thread though. I wish not to exclude it just yet. Compared to MC, where or how is it better? If I read correctly, maybe faster. I can deal with the lack aesthics and a clunky feel. No big deal. What can it do that MC cannot, or not as well?

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  #137 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,043 since Jun 2009
Thanks: 856 given, 7,912 received

for option go with thinkorswim

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  #138 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


TonyB View Post
From the broker side, MBT is not quite as cheap as DDT, but at $1.81 rt (total price) for futures, it compares pretty darn good against DDT at $1.66.


DDT: $1 + exchange fee rt
MBT: $1.90 + exchange fee rt

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  #139 (permalink)
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
Platform: TOS, TS & MC
Broker: TDA & TS
Trading: Stock, Options and now Futures (ES)
 
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Posts: 516 since Dec 2010
Thanks: 227 given, 140 received


omaha786 View Post
DDT: $1 + exchange fee rt
MBT: $1.90 + exchange fee rt

Looks like DDT is $1.14, + exchange, per side, not $1 rt.

Maybe I'm reading this wrong, but with DDT, ES, each was is a total of $1.66:

DeepDiscountTrading.com - .50 Cents Per Side + Fees

For MBT, a total of $2.11:

https://www.mbtrading.com/commissions.aspx?page=Futures

So, rt total for each:

DDT = 3.22

MBT = 4.22

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  #140 (permalink)
 TonyB 
Bay Area, CA - US
 
Experience: Beginner
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cory View Post
for option go with thinkorswim

Cory, ToS does seem to do options quite well. Do you happen to have experience with options in SC or MC, for comparison?

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  #141 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
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TonyB View Post
Looks like DDT is $1.14, + exchange, per side, not $1 rt.

Maybe I'm reading this wrong, but with DDT, ES, each was is a total of $1.66:

DeepDiscountTrading.com - .50 Cents Per Side + Fees

For MBT, a total of $2.11:

https://www.mbtrading.com/commissions.aspx?page=Futures

So, rt total for each:

DDT = 3.22

MBT = 4.22

You are right about MBT = 4.22, but DDT = 3.32, so 90 cents difference.

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  #142 (permalink)
 TonyB 
Bay Area, CA - US
 
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Cory, thank you, and I agree. I'm already with TDA, and as a friend and I were just discussing, we'll be keeping at least one of those accounts, for various reasons. One just might be ToS...

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

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  #143 (permalink)
 aslan 
Madison, WI
 
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omaha786 View Post
You are right about MBT = 4.22, but DDT = 3.32, so 90 cents difference.

You guys are not adding in the platform fee for DDT. For RTrader, it is .30 a side, so your 3.22 just became 3.82, even with SC it is .05 per side plus platform fee.

I pay 3.50 with Optimus, and it is well worth it for the quality of the feed.

Looking at commissions is important, but I'll say two things. First, make sure you are comparing true ALL IN costs (matt only quotes all in). Second, don't get hung up on finding the lowest cost. If that is all you are worried about, then you might want to consider if you should really be trading at all. If a dime is causing you to be unprofitable, then you have bigger worries.

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  #144 (permalink)
 omaha786 
San Diego, California
 
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TonyB View Post

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

DDT is $1 rt + exchange fees

$3.32 for ES/NQ
$2.16 for ZN/ZB
$3.94 for CL
$4.24 for 6E

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  #145 (permalink)
 omaha786 
San Diego, California
 
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aslan View Post
You guys are not adding in the platform fee for DDT. For RTrader, it is .30 a side, so your 3.22 just became 3.82, even with SC it is .05 per side plus platform fee.

I pay 3.50 with Optimus, and it is well worth it for the quality of the feed.

Looking at commissions is important, but I'll say two things. First, make sure you are comparing true ALL IN costs (matt only quotes all in). Second, don't get hung up on finding the lowest cost. If that is all you are worried about, then you might want to consider if you should really be trading at all. If a dime is causing you to be unprofitable, then you have bigger worries.

$3.50 for ES is a great rate. But not everyone get it.

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  #146 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
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TonyB View Post
Cory, thank you, and I agree. I'm already with TDA, and as a friend and I were just discussing, we'll be keeping at least one of those accounts, for various reasons. One just might be ToS...

omaha786, yah, a 90 cent delta is meaningful for many I would think. Originally you had stated DDT was $1 rt, which would have made for a huge difference. As far as the data for DDT and MBT, I can't comment as to the quality and quantity...

not sure if I understand correctly what you mean. but if you have a TDA account, you also have TOS.

TDA is offering TOS as a trading platform.

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  #147 (permalink)
 TonyB 
Bay Area, CA - US
 
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omaha786 View Post
DDT is $1 rt + exchange fees

$3.32 for ES/NQ
$2.16 for ZN/ZB
$3.94 for CL
$4.24 for 6E

Ah, yes, the commission is 50 cents each way, my bad. I saw $1.14 for each side, and saw that as the commission...

As aslan said so well, there's more than just price, although it should be at least competitive. I had talked about the data earlier, and I'm glad that aslan mentioned it. I've heard, here elusively, that Rithmic is very good, and a great with OTG, so I've been reading. I like how Matt quotes ALL IN costs too...

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  #148 (permalink)
 TonyB 
Bay Area, CA - US
 
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Silvester17 View Post
not sure if I understand correctly what you mean. but if you have a TDA account, you also have TOS.

TDA is offering TOS as a trading platform.

Sorry if not clear. I had and still have a paper account with ToS before the TDA purchase. And I've had had TDA / ToS for sometime now. I use Prodigio off the ToS platform. Hoping to have ToS like option functionality with SC or MC...

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  #149 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


TonyB View Post
Ah, yes, the commission is 50 cents each way, my bad. I saw $1.14 for each side, and saw that as the commission...

As aslan said so well, there's more than just price, although it should be at least competitive. I had talked about the data earlier, and I'm glad that aslan mentioned it. I've heard, here elusively, that Rithmic is very good, and a great with OTG, so I've been reading. I like how Matt quotes ALL IN costs too...

I rather have DDT giving me a total transparent view of all the costs than a one price carries all costs.

Why ? Because it's way cheaper that way, transparency = cheapest/most honest.

I will say that DDT will even go lower in comissions if you increase size. I like it also that I can select my platform/datafeed. I'm not married to TT or others. Rithmic also doesn't let you trade Eurex. So for example you can't trade the DAX or other interesting money making european products.

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  #150 (permalink)
 mattz   is a Vendor
 
 
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MetalTrade View Post
I rather have DDT giving me a total transparent view of all the costs than a one price carries all costs.

Why ? Because it's way cheaper that way, transparency = cheapest/most honest.

I will say that DDT will even go lower in comissions if you increase size. I like it also that I can select my platform/datafeed. I'm not married to TT or others. Rithmic also doesn't let you trade Eurex. So for example you can't trade the DAX or other interesting money making european products.

I only offer Rithmic with Sierra as discussed in this thread. I quote commissions that are all in, not commissions ONLY as some put on their site. If customers need the breakdown, I am always more than happy to report it.
In my eyes its not fair to quote commissions only and then to discover there are also platform fees associated.
If you prefer to know commissions only, its your prerogative. I can tell you that after nearly 15 years in this business most customer want to know the prices all in.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #151 (permalink)
 MetalTrade 
 
 
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mattz View Post
I only offer Rithmic with Sierra as discussed in this thread. I quote commissions that are all in, not commissions ONLY as some put on their site. If customers need the breakdown, I am always more than happy to report it.
In my eyes its not fair to quote commissions only and then to discover there are also platform fees associated.
If you prefer to know commissions only, its your prerogative. I can tell you that after nearly 15 years in this business most customer want to know the prices all in.

That is not correct. DDT has broke down EVERY cost separately on his site. Since you can choose what platform to use he puts the platform fees separately. Are you saying that your quotes from optimus are Ninjatrader license included for live trading ? I didn't think so, so your quotes are not the price all in. Correct me if I'm wrong.

DDT offers the cheapest and most transparent honest price quotes out there. In our business, it's unacceptable to pay more if you can get the same or better quality and service at another. Every trader should make his own math, but it's very obvious that you have a financial edge by selecting the cheapest commissions with the best infrastructure.

I predict that more expensive brokers will go out of business soon. They will lose many customers and won't be able to compete with people like DDT.

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  #152 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


mattz View Post
I only offer Rithmic with Sierra as discussed in this thread. I quote commissions that are all in, not commissions ONLY as some put on their site. If customers need the breakdown, I am always more than happy to report it.
In my eyes its not fair to quote commissions only and then to discover there are also platform fees associated.
If you prefer to know commissions only, its your prerogative. I can tell you that after nearly 15 years in this business most customer want to know the prices all in.

DDT is transparent already, without having to ask, so not sure why we are debating comms all over again ... the comms are what they are regardless of the platform, it clearly tells you on the site that you get to pick a platform.. which can range in price from a transaction fee of $0.05 per side for FIX Adapter, all the way to $2K per month for CQG/XTrader.

IMO, if I have to ask for a breakdown, I am wasting time.. specially since exchange fees are the same across the board and it is not all that hard to figure out what an introducing broker comms are...

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  #153 (permalink)
 TonyB 
Bay Area, CA - US
 
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sam028 View Post
It's not @TonyB's fault, I have to move some thread for the SC thread to this one.

Thanks. I had not realized there was a DDT thread until moments ago...

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  #154 (permalink)
 TonyB 
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sam028 View Post
It's not @ TonyB's fault, I have to move some thread for the SC thread to this one.






If MC means MultiCharts, you're wrong, you can trade options with MC.

Please, stay on topic! Is this not about DDT?

Sorry, had to do it... FWIW, I too was under the impression that MC (MultiCharts) does options. Thanks for confirming.

Back to DDT...

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  #155 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


TonyB View Post
Please, stay on topic! Is this not about DDT?

Sorry, had to do it... FWIW, I too was under the impression that MC (MultiCharts) does options. Thanks for confirming.

Back to DDT...

@sam028 as a mod can clean up the thread as part of his house keeping mod duties, so not terribly concerned about going off topic for a few if that means I learn something new.

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  #156 (permalink)
SgtJ
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sysot1t View Post
IMO, if I have to ask for a breakdown, I am wasting time.. specially since exchange fees are the same across the board and it is not all that hard to figure out what an introducing broker comms are...

To my knowledge exchange fees aren't the same across the board. It depends on the type of seat your clearing firm has on a specific exchange. I've seen situations where one broker charges less in commission but has a higher clearing cost, thus making their overall "all in" greater then a broker w/ higher individual commission. I'm all for transparency.

You can definitely chart individual options contracts in Sierra Chart. I would assume they could be traded as well, but check w/ sc support to be sure.

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  #157 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Even traders who lease a seat can get different deals from the CME.

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  #158 (permalink)
 sysot1t 
 
 
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SgtJ View Post
To my knowledge exchange fees aren't the same across the board. It depends on the type of seat your clearing firm has on a specific exchange. I've seen situations where one broker charges less in commission but has a higher clearing cost, thus making their overall "all in" greater then a broker w/ higher individual commission. I'm all for transparency.

You can definitely chart individual options contracts in Sierra Chart. I would assume they could be traded as well, but check w/ sc support to be sure.

FCM's dont pay what is published that reflects that retail and other traders/members pay... they have a completely different price structure... I recall seen a PDF from the CME/ICE about it, I would have to look it up and post it if I find it.

as to charting options, I am not arguing that... anything can chart a price stream... and as long as the broker trades options and the chart has a dom to trade a symbol, the new symbols are tradeable...

that does not mean that SC/MC/NT7 do options... which to me involves proper analysis and being able to see all strikes and related greeks, etc... (so that we are all on the same page)..

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  #159 (permalink)
 rcabri 
Switzerland
 
Experience: Advanced
Platform: ninja trader CQG Trader
Broker: Kinetick, IB
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Hi
I will open an account with Howard myself, I have Ninja with Kinetick and I will choose CQG Trader why I like to use the keyboard to pass my order ( and with cqg trader is possible I am testing now and I find fine) what you think to give CQG 25cts per side and $25 month somebody can give me an advise.
Thanks very much Roberto

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  #160 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


rcabri View Post
Hi
I will open an account with Howard myself, I have Ninja with Kinetick and I will choose CQG Trader why I like to use the keyboard to pass my order ( and with cqg trader is possible I am testing now and I find fine) what you think to give CQG 25cts per side and $25 month somebody can give me an advise.
Thanks very much Roberto

it is capped once you hit $395... but keep in mind that is only with Crossland, which is what Howard introduces. Some FCMs, like Velocity for example, do not cap your comms at the $395.. so keep that in mind if you ever "move" FCMs.

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  #161 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

You won't regret it, Howard is the best broker for retail traders like us.

If you want to earn more money, (or loose less money) move your account to Howard DDT. Simple as that.

About the CQG, I really like their platform. I know some extremely profitable retail traders personally, and they all trade on either X-trader or CQG. No ninjatrader crap for these boys. All best platforms are supported by DDT.

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  #162 (permalink)
 rcabri 
Switzerland
 
Experience: Advanced
Platform: ninja trader CQG Trader
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Thanks sysot1t and metaltrader,
And by the way I like the intraday margin Interactive Broker asked me for silver Ä 21'000 at DDT $4725 the difference is astonish.Roberto

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  #163 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Once you go DDT you never go back :-)

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  #164 (permalink)
 torroray 
Malaysia
 
Experience: Beginner
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rcabri View Post
Thanks sysot1t and metaltrader,
And by the way I like the intraday margin Interactive Broker asked me for silver Ä 21'000 at DDT $4725 the difference is astonish.Roberto

What is the daytrade margin for CL.

Their site didnt have detail info.

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  #165 (permalink)
 Lornz 
Oslo, Norway
 
Experience: Advanced
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sysot1t View Post
it is capped once you hit $395... but keep in mind that is only with Crossland, which is what Howard introduces. Some FCMs, like Velocity for example, do not cap your comms at the $395.. so keep that in mind if you ever "move" FCMs.

All (decent) brokers caps CQG Trader at $395. CQG IC has a fixed monthly rate for unlimited trading....

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  #166 (permalink)
 rcabri 
Switzerland
 
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torroray View Post
What is the daytrade margin for CL.

Their site didnt have detail info.

$6750/4=$1687

Online Discount Futures Trading Broker = .50 Cents Per Side + Fees
Roberto

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  #167 (permalink)
 torroray 
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MetalTrade View Post
Once you go DDT you never go back :-)

What is DDT advantage over Mirus?

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  #168 (permalink)
 sysot1t 
 
 
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Lornz View Post
All (decent) brokers caps CQG Trader at $395. CQG IC has a fixed monthly rate for unlimited trading....

Even some decent ones won't do it .. e.g. Velocity .. But yes you are correct ... As and added comment, I want to make sure that it is clear I am not implying only crossland does it.. I know as well that advantage, mbfcc, PFG, and a few others do as well.

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  #169 (permalink)
 sysot1t 
 
 
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torroray View Post
What is DDT advantage over Mirus?

Depends on what you care to measure... Financial dtability as reported to cftc/nfa, Amount of customer funds, Commissions, customer service, account mgmt platform, trading platform offerings ...IMO, they are superior on a number of factors that are important to me ... U should determine what matters to you most.

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  #170 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


torroray View Post
What is DDT advantage over Mirus?

Oh that's easy. Making more money than with Mirrus, great customer service and great choice of platforms.

Nobody beats the commissions of DDT. Brokers who are charging $4 a trade RT are going to go out of business, there is no room for them in the long run in this sector. DDT will always lower their rates to the lowest in the market.

You have a question ? You call/email Howard, he's day and night ready for you. He's not a wannabee broker like many pretend, he's the real deal.

I have nothing to gain by saying this, and he didn't asked me to do this, I'm just a happy customer.

You wanna have an edge over somebody who trades with a $4 RT broker ? I just gave you one, now USE it.

Some people underestimate how much money they are losing with a 'slightly' more expensive broker. It is EXTREMELY important in our business to go with the cheapest broker out there.

I also want to say, if you increase your volume DDT WILL quote you lower prices than advertised. I have even lower prices than the DDT site.

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  #171 (permalink)
 torroray 
Malaysia
 
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sysot1t View Post
Depends on what you care to measure... Financial dtability as reported to cftc/nfa, Amount of customer funds, Commissions, customer service, account mgmt platform, trading platform offerings ...IMO, they are superior on a number of factors that are important to me ... U should determine what matters to you most.

I'm new at this so I dont know what to look for.

I trade spot fx at MBT so I would like to move away from spot to futures and been reading about it here at futures.io (formerly BMT).

I dont know where to start since some didnt give much info on their site.

I've started with spot fx since its easy to begin with.. Platform, data is all at one place.

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  #172 (permalink)
 torroray 
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MetalTrade View Post
Oh that's easy. Making more money than with Mirrus, great customer service and great choice of platforms.

Nobody beats the commissions of DDT. Brokers who are charging $4 a trade RT are going to go out of business, there is no room for them in the long run in this sector. DDT will always lower their rates to the lowest in the market.

You have a question ? You call/email Howard, he's day and night ready for you. He's not a wannabee broker like many pretend, he's the real deal.

I have nothing to gain by saying this, and he didn't asked me to do this, I'm just a happy customer.

You wanna have an edge over somebody who trades with a $4 RT broker ? I just gave you one, now USE it.

Some people underestimate how much money they are losing with a 'slightly' more expensive broker. It is EXTREMELY important in our business to go with the cheapest broker out there.

I also want to say, if you increase your volume DDT WILL quote you lower prices than advertised. I have even lower prices than the DDT site.

I agree.

Cost could add up so every trader have to add cost to the trading equation.

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  #173 (permalink)
 Lornz 
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sysot1t View Post
it is capped once you hit $395... but keep in mind that is only with Crossland, which is what Howard introduces. Some FCMs, like Velocity for example, do not cap your comms at the $395.. so keep that in mind if you ever "move" FCMs.


sysot1t View Post
Even some decent ones won't do it .. e.g. Velocity .. But yes you are correct ... As and added comment, I want to make sure that it is clear I am not implying only crossland does it.. I know as well that advantage, mbfcc, PFG, and a few others do as well.

It seemed like you were claiming it was exclusive to Crossland. I've only had experience with Variance and Advantage, but I thought it was the same for all brokers. If a broker doesn't, I find that highly suspicious.

That being said, DDT looks like a good retail option and I wish Howard all the best.

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  #174 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

I also want to give heads up, that if you're looking to switch brokers or are looking for a broker, just contact Howard on Online Discount Futures Trading Broker = .50 Cents Per Side + Fees and ask him for a free trial.

He will be happy to give you a free trial of for example TT with ninja or with sierracharts.

That way you can see the quality of the infrastructure and data feed.

You can trade it all, INCLUDING the European futures markets. Some brokers forget to say that it's not possible with them.

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  #175 (permalink)
 sysot1t 
 
 
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Lornz View Post
It seemed like you were claiming it was exclusive to Crossland.

I know, but I didnt realize it until you brought it up... which is why I corrected my statement.. that way others would not get confused by my lack of clarity..

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  #176 (permalink)
 torroray 
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MetalTrade View Post
I also want to give heads up, that if you're looking to switch brokers or are looking for a broker, just contact Howard on Online Discount Futures Trading Broker = .50 Cents Per Side + Fees and ask him for a free trial.

He will be happy to give you a free trial of for example TT with ninja or with sierracharts.

That way you can see the quality of the infrastructure and data feed.

You can trade it all, INCLUDING the European futures markets. Some brokers forget to say that it's not possible with them.

What did you choose NT or SC?

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  #177 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


torroray View Post
What did you choose NT or SC?

Both. You can ask Howard for 2 logins so you can run them at the same time.

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  #178 (permalink)
 Dale Box 
Houston Texas USA
 
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sysot1t View Post
Even some decent ones won't do it .. e.g. Velocity .. But yes you are correct ... As and added comment, I want to make sure that it is clear I am not implying only crossland does it.. I know as well that advantage, mbfcc, PFG, and a few others do as well.


Not only does Velocity do it, we also pay the $25.00 fee.

If you have any questions about our services at Velocity Futures please send me a private message.
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  #179 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


Dale Box View Post
Not only does Velocity do it, we also pay the $25.00 fee.

@Dale Box... I should state first that I am a customer and I like velocity overall, but I dont see how you do it... would you mind explaining your position?

here is what I see.. and I am picking ES for purposes of showing my position...

CQGIC ES RT $3.52
CQGT ES RT $4.02

CQGT = $25 fee, $0.50RT per transaction, capped at $395 per month, sub with the vendor
CQGIC = $800-2K, $0.00RT per transaction, it is all included on the monthly cost, sub directly with CQG

I get CQGIC directly from CQG, I get CQGTrader from FCM. Some FCM's do offer CQGIC and deduct it from the trading account.

with CQGT, once I reached $395 in transaction fees, the remainder is all free of trans fees...

with you, my first stepdown in comms is after 1250RTs.. and that is $0.15RT, because it is the same across the board, I will eliminate it as a factor across the board... which means that I pay an additional ~$225 per month if I trade around 1250RT which include the $0.50RT transaction fee. (1250-800*$0.50) ... and if I trade 2500RT, I am not paying an extra $850... and so forth...

please help me understand how is it that you do it? as I said, I cant see it...

in the spirit of transparency... I did asked your company a long time ago and I was told that it would not be possible as it was all included on the comms, I also asked about the fee being rebated, and I was told that was not possible neither. Since I needed a feature of CQGT that is only offered as an add-on, when I asked for that piece as well even with me paying the add-on fee, I was told not possible.. which to me just tells me that there was no flexibility at all.

If I am incorrect, then I will gladly correct my statement and ensure I communicate accurate information... and specially because it will enabled me to just open a second account and trade FTSE/GILT on that account only since I need CQG to trade those markets and I want to keep the currency base on GBP....

let me know...

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  #180 (permalink)
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
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Haven't had a chance to read the entire thread....

any reasons why anyone would stay away from Deep Discount?

Haven't looked at them previously, just looking around...

Thanks

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #181 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
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Looking at DeepDiscount as my new broker but for NT they only offer Trading Technologies.

How does this compare to Rithmic/Kinetick/CQG?

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  #182 (permalink)
 Seaeagle 
West Wales, UK
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Paper trading -"yet again"
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My understanding of the differences are :-

Rhythmic feed
+ Quality feed lots of good reviews on this site regarding data
+ Orders are held on their servers, so if your PC or internet crashes, then your stop is still in place, reducing risk
- Can't find prices as low as DDT for this feed

DDT
+ The cheapest I've found for low volume (under 1000r/t / month) by approx 11% compared with Rithmic brokers
+ Apparently old issues with TT Ninja feed have now been resolved with new version of Ninja (from broker)
- Orders are held on your PC so if there is a problem your side you have to ring the desk and flatten your order (S)

CQG
+ Meant to be the best quality feed industry wide from what I've read
- Does seem to of had a lot of down time lately

There is no way of knowing the differences on quality, speed, slippage etc so I'd also be keen to hear from those that have actually used the feeds live as above info. is just from forum and broker research.

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  #183 (permalink)
 NetTecture 
Szczecin
 
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Platform: Ninja, writing own now
 
Posts: 212 since Mar 2010

What about "TT has no historical data whatsoever" ?

NInja retired access to their servers for TT as per 20th of July 2011.

NinjaTrader Advisory 8

As such, you can not load historical data for the included price. It means ho back charts. It also means when your connection is down 15 minutes - you miss 15 minutes on the chart.

SIgnificant disadvantage.

This is not so much a TT issue - they use FIX to talk to TT and neither the FIX version nor the TT FIX bridge have any historical data capabilities. Subscrivbe real time - anything you miss is your problem.

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  #184 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
 
Posts: 299 since Nov 2011
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I really like Howard and his service (answering emails on Sunday) but TT is not ideal. I sent a message to Ninja and asked why they dont offer another data feed. Not something one likes to see as a new multi user licensee.

Is there a fix to the historical data issue? Ninja?

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  #185 (permalink)
 Seaeagle 
West Wales, UK
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Paper trading -"yet again"
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Ah!! - thanks for the heads up on the historical data, I was under the impression Ninja were still providing.

That would mean adding probably an IQ feed as well then, which reduces the cost advantages.

As for service, in setting up an account I have experienced fast, efficient friendly service from Howard

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  #186 (permalink)
 Beljevina 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
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Seaeagle View Post
CQG
+ Meant to be the best quality feed industry wide from what I've read
- Does seem to of had a lot of down time lately

There is no way of knowing the differences on quality, speed, slippage etc so I'd also be keen to hear from those that have actually used the feeds live as above info. is just from forum and broker research.

I would not agree that there has been 'a lot of down time lately.' Yes, the CQG feed went down for 45/60 minutes or something like that a few weeks ago, around 2:30EST. (I might be wrong on my numbers). As problematic as that might seem, I don't believe it had gone down ever for that amount of time in at least a year. Colloquially, I feel it's there 99.9x% of the time.

I am not looking to be a CQG fanboy, but on the whole I would find the feed incredibly stable and reliable, uncompressed, and pleasingly raw. There is no weekend downtime AFAIK. I use it actively during all three sessions. There is a customer portal for basic order management if their main feed goes down.

I think I have seen others execute very detailed studies on various datafeeds and their various technical aspects, but frankly I find that a bit too much information. Slippage is more a function of the overall market, not the broker. Yes, latency is important as are some other basic technical measurements. But I find folks spend too much time on this datafeed thing. From what I would judge - and for me included - things like various ISP problems, power outages, local computer/router/network issues, etc. are greater potential problems, and all of those are small issues IMO compared to our human likelihood of executing bad trades: hence, find a decent feed/broker, have Plan B's in place for all the technical stuff, but I'd say spend the majority of one's time growing as a trader, adapting to the market changes, increasing (& preserving!) one's capital, while trying to close in on that moving target of hopeful trade perfection.

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  #187 (permalink)
 Seaeagle 
West Wales, UK
 
Experience: Intermediate
Platform: Ninja Trader
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Thank you for the information

- With regard CQG, I'd gathered an opinion based on the recent postings on the "Ninja - best approach - Best data feed thread "

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  #188 (permalink)
 Chuck T 
Hannibal, Mo, USA
 
Experience: Intermediate
Platform: NT 7 & 8
Broker: AMP/CQG
Trading: NQ, YM, RTY, ES, GC, CL, HG
 
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TrendTraderBH View Post
I really like Howard and his service (answering emails on Sunday) but TT is not ideal. I sent a message to Ninja and asked why they dont offer another data feed. Not something one likes to see as a new multi user licensee.

Is there a fix to the historical data issue? Ninja?

I have a small account with DDT. I have found Howard Lender extremely knowledgable and prompt to reply. I have had replies so soon I could hardly believe it. I am using Sierra Chart with the TT feed and have not liked some things about it. But feel I have gotten good fills on my small trades so far. Crossland Ranweb shows the trades fairly soon except for the emini Russell which takes about 30 minutes to post.

You will look far and wide to find a better man than Howard Lender to deal with in my opinion.

Chuck T

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  #189 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
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Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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NetTecture View Post
What about "TT has no historical data whatsoever" ?

NInja retired access to their servers for TT as per 20th of July 2011.

NinjaTrader Advisory 8

As such, you can not load historical data for the included price. It means ho back charts. It also means when your connection is down 15 minutes - you miss 15 minutes on the chart.

SIgnificant disadvantage.

This is not so much a TT issue - they use FIX to talk to TT and neither the FIX version nor the TT FIX bridge have any historical data capabilities. Subscrivbe real time - anything you miss is your problem.

The link you provided said....

July 20th, 2011
Advisory#8Disabled Historical Data Access for Trading Technologies
Dear NinjaTrader User:

This advisory is applicable to NinjaTrader users that are connecting through a Trading Technologies demonstration/trial feed. As of July 31st, 2011 you will no longer have access to historical data through a Trading Technologies connection. Trading Technologies does not provide historical data natively and to fill this gap, NinjaTrader has been providing it from our own servers through another data source. In order to be compliant with this data source, we unfortunately can no longer provide this courtesy service. Real-time data is unaffected.

An alternate service subscription based service is Kinetick - Streaming real time quotes and historical market data. Please let us know should you have any questions.

Regards,
NinjaTrader Customer Service


If I understand this advisory correctly, it appears they only discontinued historical data for demo/trial accounts.

Can anyone who uses TT confirm this?

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #190 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
 
Posts: 299 since Nov 2011
Thanks: 504 given, 286 received

TMFT, I spoke to Ninja on the phone about this issue and if you use TT with NT you get no historical data live or SIM.

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  #191 (permalink)
 NetTecture 
Szczecin
 
Experience: Intermediate
Platform: Ninja, writing own now
 
Posts: 212 since Mar 2010


TrendTraderBH View Post
TMFT, I spoke to Ninja on the phone about this issue and if you use TT with NT you get no historical data live or SIM.

Damn. MAJOR issue. Ignoring the "historical" part - a 10 minute outage means a 10 minuet gap and all indicators CAN be off significantly. Not good. It pretty much eliminates TT as data provider (though they are still a valid connection option for trading). That and the fact that you can not implement your own historical data sources due to NinjaTraders not exactly smart (I.e. "never really thiought about it") way ot locking their system from external providers means you can also not implement / help yourself with a third party feed that you just MAY have available that is not supported ;(

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  #192 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
 
Posts: 299 since Nov 2011
Thanks: 504 given, 286 received

Yep. Howard was my first choice for a broker but TT issue was the deal killer. I even complained to NT on the call with them....no luck.

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  #193 (permalink)
 soveral 
North Port, Florida USA
 
Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker: DDT-TT
Trading: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

Hello;
If you buy the license from NT, you get the historical data.
Your welcome,
soveral

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  #194 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
 
Posts: 299 since Nov 2011
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I was told by NT that I needed to get another data feed for the historical data (after I purchased the multi-license).

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  #195 (permalink)
 NetTecture 
Szczecin
 
Experience: Intermediate
Platform: Ninja, writing own now
 
Posts: 212 since Mar 2010


TrendTraderBH View Post
I was told by NT that I needed to get another data feed for the historical data (after I purchased the multi-license).

What is really bad here is the bad licensing of NInjaTrader again - I would really like to implement my own historical data provider, but it is not possible or at least not documented.

Sucks anyhow.

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  #196 (permalink)
 mattz   is a Vendor
 
 
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TrendTraderBH View Post
I was told by NT that I needed to get another data feed for the historical data (after I purchased the multi-license).

Rithmic provides up to one year of tick data.
Some our customers have been using Kinetic for longer term historical data and from I have seen, it is highly accurate.
I always recommend to use whatever has proved to work as oppose to "experiment" with others.

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  #197 (permalink)
 NetTecture 
Szczecin
 
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Posts: 212 since Mar 2010


mattz View Post
Rithmic provides up to one year of tick data.
Some our customers have been using Kinetic for longer term historical data and from I have seen, it is highly accurate.
I always recommend to use whatever has proved to work as oppose to "experiment" with others.

Well, I have a full database of NxCore CME group feeds here, 200.000 symbols at the moment. I would love to integrate this with Ninja.

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  #198 (permalink)
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NetTecture View Post
What is really bad here is the bad licensing of NInjaTrader again - I would really like to implement my own historical data provider, but it is not possible or at least not documented.

Sucks anyhow.

The technical implementation of how NinjaTrader connects to brokerage and/or market data API's flows from the business requirement that we want full control over that.

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  #199 (permalink)
 NetTecture 
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NinjaTrader View Post
The technical implementation of how NinjaTrader connects to brokerage and/or market data API's flows from the business requirement that we want full control over that.

"Go to hell"?

Maybe your business requirement - and I can understand that from the ORDER side of things (as you require mor moeny for a multi broker license), but not allowing extension of the downstream side has a reason I would like to hear - but as it likely makes people laugh because the reason is just "no, we do not want" you will not explain anyway.

Seriously, this is one of the limitations that make zero sense. Despite the well known lack of programming quality, this is the second reason that keeps you out of a lot of scenarios. I just finished a project on a company (just 1500 people) that traded partially using Excel - and they would not have been able to even look at NInjaTrader beacuse both, price data feeds as well as order handling were propietary. Partially home made (price distribution), partially just something you never deal with. WIthout a chance to integrate - "go to hell" is the only answer when evaluating technologies. Sorry if that is harsh, but for me the limitations make ZERO sense. YOu should:

* Document the API
* Allow arbitrary data in
* Allow broker side extension if / when a multi broker license is installed.

Finished. Makes it a better product - but then, I doubt "better product" is in your business requirement.

Right now I work around it because your requiement is funny and not made by competent people - one of your protocols is open, documented and easy to copy, so guess what - I have a server here that NEARLY (working the bugs) takes and forwards your ninja trader orders. Funny Ninja thinks it is a TT FIX server Nice, open, documented. I also can push price data, jsut not anything historical, but that means another block of your requirements is broken. Unless the requirements are "make a product that looks shitty and has non logical limitations" - then you succeeded, because this limitation makes NO sense and - makes your product look worse than it is.

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  #200 (permalink)
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We have gone back and forth with you over the years and you just canít help yourself but insult, be abusive and state opinions as facts on things you have no clue about. Any business decision I make is for the greater good of all stakeholders of NinjaTrader, owners, customers and partners alike. You loudly state your displeasure for how I run my business. Frankly, I donít know why you continue to stick around using NinjaTrader while constantly making derogatory comments.

I don't think people will fault me for saying, why donít you just go use something else?

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