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

  #51 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

Guys I am not speaking from experience here. So you should check anything I say.

But, are you saying that NinjaTrader doesn't support FIX? Because if it does, then why would Velocity need to know you are using NT. Just get FIX, plug it into NT, and be done with it. You can buy static dom credits from NT directly.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #52 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


MetalTrade View Post
Mike, you forget to add $0,1 if you trade ninjatrader on velocity. That adds another $0.2 RT. Even if you don't use the static dom, you have to pay $0.1 for the TT datafeed license per side.

I've emailed my rep so I can better educate myself. Will see what he says.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #53 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


Moderator Notice
Moderator Notice





Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #54 (permalink)
 sysot1t 
 
Posts: 1,173 since Nov 2009

If looking for deep discount, and dont really care about the interface not being NinjaTrade(which is not that big of a deal)... you can look at Cunningham Commodities, LLC which can trade on CME, CBOT, NYMEX, ICE, EUREX LIFFE and KC. The minimun account opening is similar to IBKR, $10,000, and their commissions are lower, $1/RT. They match IBKR Margin at 50% for day trading. Just another alternative, even if not using NT7.

Reply With Quote
  #55 (permalink)
 
Deucalion's Avatar
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
Posts: 428 since Aug 2009

First post here in 2years nearly. Took much back and forth here. Here's my 2cents - had an account with howard at DDT (Howard is exceptional and you won't go wrong with him). However Vision matched my costs with the Rithmic NT engine so I went back to Vision (I really wanted Rithmic I guess)

Here was my break down on TT NT costs -
YM - 3.3RT (+0.10 per side TT royalty) = 3.5RT
TF - 3.3RT (+0.10 per side TT royalty) = 3.5RT
6E - 4.22RT (+0.10 per side TT royalty) = 4.42RT
ES - 3.3RT (+0.10 per side TT royalty) = 3.5RT

Since then the exchange fees have gone up 0.02cents

All this is equivalent to 0.50 per side + (exchange fees) + 0.10x2 TT royalty. At the end of the month you are supposed to get back TT fees from Crossland such that it becomes 0.05 per side (you get back 45 cents per side). The effective cost is then -

0.05 per side + exchange fees + 0.20 TT royalty. So for ES for example the net is -
0.10 + 2.32 + 0.20 = 2.62RT

I said you are "supposed to". I never did - and I stopped caring because I was already back to Vision (and you need to check RTrader - if you scalp - you are doing yourself a disservice if you don't - it is that good a platform). Minimal latency and fully hosted redundancy with Real time PNL...I made a short review on my blog..if some cares to check.

Also, just added a sample from my daily statements for cost so you can check for yourself -

Attached Thumbnails
Click image for larger version

Name:	1.png
Views:	371
Size:	42.6 KB
ID:	27437  
Reply With Quote
  #56 (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

@Deucalion, I see DDT offers Rithmic on some platforms, like SierraChart, are you aware why not for NT?

Take your Pips, go out and Live.
Luke.
Reply With Quote
  #57 (permalink)
 
Deucalion's Avatar
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
Posts: 428 since Aug 2009

In October when I moved to DDT, they were setting up Rithmic for NT, but it fell through, Rithmic NT have specific alliances and they refused to give one to Crossland and DDT. i spent weeks with Howard and Brian Hofferica (trading Applications manager at Crossland trying to sort it.

No go, so I was forced to move. because i do not scalp the extra cost reduction with either NT-TT or Rtrader is not such a deal breaker

Reply With Quote
  #58 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010

R-trader is $0,80 per contract per trade RT. If you trade 3 or 10 contract a time, what kind of a joke is that ??

Reply With Quote
  #59 (permalink)
 
Deucalion's Avatar
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
Posts: 428 since Aug 2009

Seems odd, please talk to Steven Silver at Vision. I was quoted no such thing. Even the base rate without any special accouunt size consideration is as is shown here

Vision Financial Markets - Futures, Securities & Options | Brokerage, Clearing & Technology

Reply With Quote
  #60 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010



Deucalion View Post
Seems odd, please talk to Steven Silver at Vision. I was quoted no such thing. Even the base rate without any special accouunt size consideration is as is shown here

Vision Financial Markets - Futures, Securities & Options | Brokerage, Clearing & Technology

Look at the bottom of that page you just posted, at PLATFORM PRICE.

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