DeepDiscountTrading Broker

February 8th, 2011, 11:07 AM

donzi

Hi All,

I am in the process of moving my charts from Tradestation to Sierra Charts and funding an account with www.deepdiscounttrading.com I am working with Howard Lender at 1 888 407 7918. The charts and platform will be powered by Trading Technologies. The reason for this change is primarily to reduce my transaction costs as Deep Discount Trading offers a standard commission rate of 50 cents per side on the ES E-mini. The total round trip cost including all clearing and exchange fees is $3.22. As a scalper doing 20 to 50 trades per day the potential savings is too large too ignore.

If any other members of this excellent forum have taken this path, please share your experiences with the rest of us. Thank you, Joe S (donzi)

Hi Joe,

At 0.50 per side, the all in rate should be $3.32 per RT.

Is $3.22 in fact correct?

Best regards,

February 8th, 2011, 12:23 PM

I trade with Howard/deepdiscounttrading and he's the best.

Crossland is 4 times bigger than velocity and they are significantly cheaper than Velocity.

I could not stand it that velocity would charge me extra for trading with ninjatrader/static dom, while i would not use it !!!!

February 8th, 2011, 12:45 PM

MetalTrade

I trade with Howard/deepdiscounttrading and he's the best.

Crossland is 4 times bigger than velocity and they are significantly cheaper than Velocity.

I could not stand it that velocity would charge me extra for trading with ninjatrader/static dom, while i would not use it !!!!

What platform do you use to place the trades with DDT? Thanks,

February 8th, 2011, 01:00 PM

MetalTrade

I trade with Howard/deepdiscounttrading and he's the best.

Crossland is 4 times bigger than velocity and they are significantly cheaper than Velocity.

I could not stand it that velocity would charge me extra for trading with ninjatrader/static dom, while i would not use it !!!!

MetalTrade,

We have no way of knowing who is or isn't using the patented dome. So please understand Velocity wasn't charging you anything. Those fees go to Ninja Trader... The real question here is why does Ninja not offer their ''free'' version via the TT feed?

Best regards,

February 8th, 2011, 01:32 PM

Hello Dale,

thanks for your reply

yes ninjatrader enables or disables REMOTELY the static dom,so yes u have a way to control it, the charche to use the static dom is different than the charche for live trading on TT without the static dom

i tried to explain several times to support at velocity but they told me they didnt't care and that it is how it is with velocity, as a result I searched for another broker and found deepdiscounttrading

for example at deepdiscounttrading a ES trade with sierracharts cost 3.32 all in and a monthly fee of $18
at velocity the same costs $3,62

in my trading that is a whopping 6984$ per year MORE for velocity than with deepdiscounttrading !!!

February 8th, 2011, 02:22 PM

Currently just switched to DDT and am very happy with Howard and his service. Using Sierra with Rithmic feed and R|Trader. The beauty is he isn't married to one feed or platform. If I need to switch or try something else it's going to be quick.

As far as velocity goes I have no direct experience with them but I did try getting quotes when I was looking to transfer my account to a more competitive broker. I was told twice via email that rates are on the website and they're final. This is the first I have ever heard of we'll "beat or match" rates. I'd suggest they do something different because lots of members on here seem to be hooking up with Optimus or DDT.

February 8th, 2011, 05:11 PM

Hi Dale, not sure why your message isn't showing up here but I read it in my email.

I am Canadian yes, so it wouldn't work anyways. But I still do have the email. The subject actually asked for you which I never got that I know of. I asked if they could do better on commissions after they pointed me to the site. They said I was level 1 and that was it after I had asked. Refer to case 6680 as it says on my email.

February 8th, 2011, 05:16 PM

Btw, appreciate the offer.

February 9th, 2011, 12:32 PM

Hi;
Just email Howard, he will take care of the DOM problem with TT.
soveral

February 10th, 2011, 07:34 PM

i reached out to DDT last week and chatted with Howard, nice fellow and willing to help with some of my questions concerning CQG ... I am attaching some of the background research I did on the company from the NFA for those that might be interested.

As a side note, those interested on using the TT FIX Adapter with MultiCharts, including their new "free" edition, will benefit of the lowest costs available to those without tons of volume and large accounts by going with DDT. IMO of course..

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