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DeepDiscountTrading Broker

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  #1 (permalink)
 sam028 
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Slipknot511 View Post
I...
I would like to see them be a little more flexible with their commissions and I might consider switching. My current broker allows extreme flexibility in platforms and the associated costs. It allows you to see where your pennies are going per execution...

Can mention your broker's name please ?

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  #2 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


Slipknot511 View Post
I've always dealt with Sean Reilley at Mirus and have nothing but good to say. Ultimately, the commissions were the only reason I chose to go with a different broker... (I'm $1 cheaper per RT). As a scalper, that's a big deal.
Be aware, that the ZenFire feed is very expensive. That's the reason for the higher costs.
I would like to see them be a little more flexible with their commissions and I might consider switching. My current broker allows extreme flexibility in platforms and the associated costs. It allows you to see where your pennies are going per execution.
If you're trading for anything more than just a couple points where the commissions have less impact, I wouldn't hesitate to go with Mirus.

How many contracts are you trading a month?

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  #3 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
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I clear through Crossland, LLC My broker is an IB for them... Howard Lender. He can be reached at "service at deepdiscounttrading dot com". Pretty much everything is negotiable, except the commissions. Margin, acct opening balance. They just need to be comfortable that you are adequately funded for your trading style. I'm a scalper & use tight ATM stops, so he allowed me to open an account with a smaller initial deposit than most firms will. I never cared much for the games where you have to open with $10k, and can then withdraw most later. Seems kinda dumb to me.

My experience has been excellent so far. My e-mails are usually returned within minutes, even at night.
A list of commissions can be seen here: DeepDiscountTrading.com - Official Site
I pay $3.50 RT for the ES. $2.14 for T-Notes. You will be completely responsible for your own trading platform with them. Everything from J-trader, X_Trader, CQG, Ninja, even CTS4 can be used.
I was originally hesitant due to the amateurish website, but after a dozen e-mail questions being answered almost instantly, even on nights and weekends, I decided to give them a try.
I have dealt directly with Crossland a few times. I was nervous at first. You know how the clearing firms can be. Unless you have a six figure account, they usually can't be bothered to give you the time of day. But so far, they have jumped on every support request, even though I'm just a minnow in a big pond.

Now i feel all dirty... like a salesman. I need to go take a shower.

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  #4 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Zoethecus View Post
How many contracts are you trading a month?

Less than 100.

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  #5 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


Slipknot511 View Post
Now i feel all dirty... like a salesman. I need to go take a shower.

Why not try hari-kari?

According to the schedule, the commish for ES is $3.30 RT.

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  #6 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
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Zoethecus View Post
Why not try hari-kari?

That would be if he felt like a lawyer or politician, salesperson still ok just to take a shower.

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  #7 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


vegasfoster View Post
That would be if he felt like a lawyer or politician, salesperson still ok just to take a shower.

Maybe with Brillo, but I can't cut him any more slack!

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  #8 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Zoethecus View Post
Why not try hari-kari?

According to the schedule, the commish for ES is $3.30 RT.

Look under platforms for additional execution costs.
I pay .10 per side for NinjaTrader.

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  #9 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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Slipknot511 View Post
I clear through Crossland, LLC My broker is an IB for them... Howard Lender. He can be reached at "service at deepdiscounttrading dot com". Pretty much everything is negotiable, except the commissions. Margin, acct opening balance. They just need to be comfortable that you are adequately funded for your trading style. I'm a scalper & use tight ATM stops, so he allowed me to open an account with a smaller initial deposit than most firms will. I never cared much for the games where you have to open with $10k, and can then withdraw most later. Seems kinda dumb to me.

My experience has been excellent so far. My e-mails are usually returned within minutes, even at night.
A list of commissions can be seen here: DeepDiscountTrading.com - Official Site
I pay $3.50 RT for the ES. $2.14 for T-Notes. You will be completely responsible for your own trading platform with them. Everything from J-trader, X_Trader, CQG, Ninja, even CTS4 can be used.
I was originally hesitant due to the amateurish website, but after a dozen e-mail questions being answered almost instantly, even on nights and weekends, I decided to give them a try.
I have dealt directly with Crossland a few times. I was nervous at first. You know how the clearing firms can be. Unless you have a six figure account, they usually can't be bothered to give you the time of day. But so far, they have jumped on every support request, even though I'm just a minnow in a big pond.

Now i feel all dirty... like a salesman. I need to go take a shower.

Hi Slipknot,

look interensting.

Could you argumented more on this Borker?

Like what is the feed for NT, how are the executions, open account, fund, withdrawal, what is the bank, if the account is segregated, etc...

Thanks.

Luke.

Take your Pips, go out and Live.
Luke.
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  #10 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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LukeGeniol View Post
Hi Slipknot,

look interensting.


LukeGeniol View Post


Could you argumented more on this Borker?



Like what is the feed for NT, how are the executions, open account, fund, withdrawal, what is the bank, if the account is segregated, etc...


Thanks.

Luke.

Well, the broker is merely a front-end for the clearing firm, which is Crossland, LLC. You can check out their website for more info.
The feed is just your basic TT Fix adapter. Data seems reliable. I liked the idea of being able to easily switch to X_Trader or anything else later on , should I feel the need to. The only time I've had connection problems is when I wanted to D/L some historical data on the weekend. I haven't had any problems with executions. I funded via wire on a Thursday and was cleared to trade by the next day. The bank is Fifth Third Bank, HQ in Cincinnati, customer segregated account.
The only oddity I've run into is that Crossland uses IPE for the mini Russell (TF) instead of Nybot or ICE. Since historical data is provided by Ninja & Zen, and they use Nybot, that means I can't populate the same TF chart with both live data and historical data since they are technically different instruments. So they won't work well for anyone who actively trades the TF and uses NinjaTrader, unless you can be sure to leave your charts open and running all the time.
I've contacted Crossland tech support twice and both times my issue was resolved right away.

Choosing a broker is a really big deal. All I can suggest is to send lots of e-mails or even phone calls to see how you feel the customer support is. I wouldn't recommend choosing a broker based solely on someone else's recommendation.

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  #11 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
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Trading: CL, TF, 6E
 
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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.

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  #12 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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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.
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  #13 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
Thanks: 60 given, 311 received

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.

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  #14 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
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Look like they dropped the commission. It is now quoted at $3.30 RT for ES.

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  #15 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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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.
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  #16 (permalink)
 wirechild 
Arkansas
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: TF, 6E, 6B
 
Posts: 86 since Jul 2010
Thanks: 192 given, 135 received


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.

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 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
 
Posts: 213 since Sep 2009
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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

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  #18 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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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.

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 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

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

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  #20 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
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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?

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  #21 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


Slipknot511 View Post
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?

That's the net price.

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  #22 (permalink)
 cw30000 
new york
 
Experience: Beginner
Platform: SC, NT
Trading: CL, GC
 
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Zoethecus View Post
That's the net price.

If Crossland offer 3.28 RT, that I will give them a call tomorrow. I too, a scalper and every penny count. That's one of the reason I am not going to go with Mirus.

I will not going to trade in a crazy fast market anyway. Not because I cannot, it is because it is out of my comfort zone.

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

Would you happen to know which Platform that quote includes, and any minimum A/c size, margin information you may have. Thanks, much appreciated.

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  #24 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

I'm not sure these rates are cut in stone and are availiable to everyone.

I suggest you contact Ed Segretti and tell him your situation to get a quote.

I am going to open a small account and see how thing go. The commission savings over my other brokers are too compelling.

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  #25 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

Forget using Crossland directly. They misquoted fees--apparently not wanting to undercut DeepDiscount--so the charges are the same.

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  #26 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
Thanks: 60 given, 311 received


ZminiTrader View Post
I believe the .02 cents difference between the $3.30 RT. and the $3.28 RT. is just an oversight of the nfa fee (according to the fee schedule). The fee schedule also states that all trading platform fees are additional. Also, you are correct, Howard Lender of DeepDiscountTrading.com is Awesome

Howard has been nothing short of exceptional before and after I signed on with him. I can also tell you that he is a trader too, so he knows the business from our side of the screen, not just a broker's.

In the spirit of full disclosure: If you use tick charts on a short time frame, there will be a difference between the TT feed and the ZenFire feed. Ironically, this morning I had more ticks from TT than Zen. My early morning 150 tick chart had more bars on it with the TT data than the ZenFire chart. I would have thought it would be the other way around. As for minute charts, I've never had a difference... even on a 1m chart.

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  #27 (permalink)
 forexboom 
Italy
 
Experience: Advanced
Platform: Ninja
Trading: ES, Currency futures, forex
 
Posts: 12 since Sep 2010
Thanks: 2 given, 0 received


Slipknot511 View Post
Howard has been nothing short of exceptional before and after I signed on with him. I can also tell you that he is a trader too, so he knows the business from our side of the screen, not just a broker's.

In the spirit of full disclosure: If you use tick charts on a short time frame, there will be a difference between the TT feed and the ZenFire feed. Ironically, this morning I had more ticks from TT than Zen. My early morning 150 tick chart had more bars on it with the TT data than the ZenFire chart. I would have thought it would be the other way around. As for minute charts, I've never had a difference... even on a 1m chart.

Hi,

what you mean for difference from TT feed and ZenFire Feed? Is Crossland using Zenfire or Trading technologies feed ? Sorry but I'm novice so maybe my question is not correct. So you have both TT and Zenfire feed?

Maria

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  #28 (permalink)
 jagui 
Italy - Roma
 
Experience: Intermediate
Platform: Ninja + proprietary
Broker: IB
Trading: Index futures, Forex, Stocks
 
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Posts: 200 since Jul 2010
Thanks: 276 given, 287 received


forexboom View Post
Hi,

what you mean for difference from TT feed and ZenFire Feed? Is Crossland using Zenfire or Trading technologies feed ? Sorry but I'm novice so maybe my question is not correct. So you have both TT and Zenfire feed?

Maria


I believe he choosed Crossland for the smaller commissions, even if Crossland has the TT feed and not the Zenfire feed. Zenfire is generally viewed as a better feed than TT, but the comparison he just made (by comparing tick charts) showed that on that particular day the TT feed was actually better than Zenfire, because it delivered more ticks, which is good.

I also can confirm that Zenfire recently is not that "perfect" as it used to be, and my TT feed (with Velocity futures) is overall more reliable than Zenfire.

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  #29 (permalink)
 forexboom 
Italy
 
Experience: Advanced
Platform: Ninja
Trading: ES, Currency futures, forex
 
Posts: 12 since Sep 2010
Thanks: 2 given, 0 received


jagui View Post
I believe he choosed Crossland for the smaller commissions, even if Crossland has the TT feed and not the Zenfire feed. Zenfire is generally viewed as a better feed than TT, but the comparison he just made (by comparing tick charts) showed that on that particular day the TT feed was actually better than Zenfire, because it delivered more ticks, which is good.

I also can confirm that Zenfire recently is not that "perfect" as it used to be, and my TT feed (with Velocity futures) is overall more reliable than Zenfire.

Thanks for your promt reply. So ZenFire and TT are trading engine that supply feed to Ninja and other platforms. So Velocity and Crossland are clearing houses? I read somewhere in this forum, that some user complain about Dorman, because they tell that to have REALTIME P/L of their position have to wait the following day!. Velocity is the same or your P/L are in REALTIME?

Sorry for my long question, I'm a forex trader using a simple platform as Oanda, and I'm new to futures market, so many details to follow!

Thanks again for your support.

Maria

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  #30 (permalink)
 jagui 
Italy - Roma
 
Experience: Intermediate
Platform: Ninja + proprietary
Broker: IB
Trading: Index futures, Forex, Stocks
 
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forexboom View Post
Thanks for your promt reply. So ZenFire and TT are trading engine that supply feed to Ninja and other platforms. So Velocity and Crossland are clearing houses? I read somewhere in this forum, that some user complain about Dorman, because they tell that to have REALTIME P/L of their position have to wait the following day, because Dorman is using Rosenthal Collins, so seems that Dorman is not a TRUE clearing firm?!. Velocity is the same or your P/L are in REALTIME?

Sorry for my long question, I'm a forex trader using a simple platform as Oanda, and I'm new to futures market, so many details to follow!

Thanks again for your support.

Maria

Hi Maria,

Velocity and Crossland are Futures Commission Merchants, so they are both brokers and clearing houses.

Dorman is not using RCG, they are competitors, Dorman is a true Clearing House, one of the oldest. Maybe they do not provide realtime P/L because their platform was first built a long time ago specifically for local floor traders, whose trades used to be reconciliated by the Clearing House at the end of the day.

Velocity does provide realtime P/L in the customer portal of their website.

You seem to be following the same path I already did, so maybe I can help you some more. But I think we may get off-topic soon, as this thread pertains to DeepDiscountTrading Broker, so feel free to PM me if you need further informations.

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  #31 (permalink)
 traderwerks 
Taipei Taiwan
 
Experience: Advanced
Platform: NinjaTrader
Broker: AMP Clearing
Trading: TW
 
Posts: 693 since Jun 2009
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forexboom View Post
Thanks for your promt reply. So ZenFire and TT are trading engine that supply feed to Ninja and other platforms. So Velocity and Crossland are clearing houses? I read somewhere in this forum, that some user complain about Dorman, because they tell that to have REALTIME P/L of their position have to wait the following day!. Velocity is the same or your P/L are in REALTIME?

Dorman, Velocity and Crossland are all FCM's.

Dorman sends you a statement the next day. You can get a 'raw' P/L from TT and ZenFire during the day. Also, ZenFire's web interface gives you real time P/L.

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  #32 (permalink)
Zchartist
Chicago, IL. USA
 
 
Posts: 20 since Nov 2010
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Slipknot511 View Post
I clear through Crossland, LLC My broker is an IB for them... Howard Lender. He can be reached at "service at deepdiscounttrading dot com". Pretty much everything is negotiable, except the commissions. Margin, acct opening balance. They just need to be comfortable that you are adequately funded for your trading style. I'm a scalper & use tight ATM stops, so he allowed me to open an account with a smaller initial deposit than most firms will. I never cared much for the games where you have to open with $10k, and can then withdraw most later. Seems kinda dumb to me.

My experience has been excellent so far. My e-mails are usually returned within minutes, even at night.
A list of commissions can be seen here: DeepDiscountTrading.com - Official Site
I pay $3.50 RT for the ES. $2.14 for T-Notes. You will be completely responsible for your own trading platform with them. Everything from J-trader, X_Trader, CQG, Ninja, even CTS4 can be used.
I was originally hesitant due to the amateurish website, but after a dozen e-mail questions being answered almost instantly, even on nights and weekends, I decided to give them a try.
I have dealt directly with Crossland a few times. I was nervous at first. You know how the clearing firms can be. Unless you have a six figure account, they usually can't be bothered to give you the time of day. But so far, they have jumped on every support request, even though I'm just a minnow in a big pond.

Now i feel all dirty... like a salesman. I need to go take a shower.


It looks like they gave their website a facelift. It looks really Great now. I found out that Howard is the Deep Discount Division of the Clearing Firm. Thank You so much for introducing me to him : )

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  #33 (permalink)
 Lars 
DPRK
 
 
Posts: 16 since Nov 2010

I opened an account with Crossland's discount brokererage arm and have no complaints. The commisssion structure is terrific for the small and large contract trader. No complaints about customer service either.

Listen up traders: commissions are to your trading account like termites are to wood. Reduce them as much as possible to improve your profitability. Every penny counts!

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  #34 (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 All;
I saw on the site that they offer Rithmic data feed, I wonder if it is for Ninja Trader, that is what it seems to imply.
Best trading to all,
soveral

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  #35 (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 Traders;

I opened my account with Howard Lender this week and everything is great. Had a little problem hooking up NT to TT but he was right on top of it and I was up and running right away. I would highly recommend DDT and Howard Lender.

I'm just looking to help others like me that walked the hot coals.

soveral

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  #36 (permalink)
 resist 
Berlin Germany /Alicante Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DDT/Rithmic, Global/CQG, IB, Mirus(Ninja)/MarketDelta
Trading: Futures
 
Posts: 141 since Jan 2010
Thanks: 362 given, 67 received

what´s about the margins?

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  #37 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
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Margins and minimum deposit are set on an individual basic according to your trading style. If you trade short-term with tight stops, they can be the same as the advertised margins for all the other discount brokers.

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  #38 (permalink)
Zchartist
Chicago, IL. USA
 
 
Posts: 20 since Nov 2010
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Actually, they have a link on their website that says "Trading Margins". When you click on it, it shows that their Day Trade Margin is only 10% of the Initial margin which is very aggressive.

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  #39 (permalink)
 Ben16JP2 
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
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Slipknot511 View Post
Be sure to ask about execution fees for platforms also. I pay .10 per side for NT (Not the static DOM either).



I’m in the process of opening up an account at DDT. I informed NinjaTrader to have my license converted to the TT data feed. This is the data feed at DDT.

This is the response that I received back from NT.

“I have converted your license as requested. Please be aware that when trading through the Trading Technologies fix adapter it does require the use of a static SuperDOM which we license from TT and you as the user are responsible to pay these fees. The way it works is you need to purchase "TT credits" from the web page listed below and the credits will deduct at the rate of 10 cents per side per contract traded.”


My question is:

Do the TT credits have to be purchased in order to trade with the NinjaTrader Platform at DDT?
Even if you trade off of ChartTrader?
If it is not necessary, what needs to be done so you don’t have to purchase the “TT credits” and still be able to trade with the NT platform at DDT?

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  #40 (permalink)
Tundi
Fullerton, CA
 
 
Posts: 201 since Dec 2010
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Ben16JP2 View Post

I’m in the process of opening up an account at DDT. I informed NinjaTrader to have my license converted to the TT data feed. This is the data feed at DDT.

This is the response that I received back from NT.

“I have converted your license as requested. Please be aware that when trading through the Trading Technologies fix adapter it does require the use of a static SuperDOM which we license from TT and you as the user are responsible to pay these fees. The way it works is you need to purchase "TT credits" from the web page listed below and the credits will deduct at the rate of 10 cents per side per contract traded.”


My question is:

Do the TT credits have to be purchased in order to trade with the NinjaTrader Platform at DDT?
Even if you trade off of ChartTrader?
If it is not necessary, what needs to be done so you don’t have to purchase the “TT credits” and still be able to trade with the NT platform at DDT?

If you use chart trader and/or Dynamic Super DOM only (not Static Super DOM) then the charge for TT credits is $.05 a side instead of $.10.

I suggest you speak to Howard for instructions on how to set NT for this discount, but you will have to purchase TT credits regardless if you use NT to trade with TT. BTW, there are no better deals for the trader than this one at Crossland.

Highly recommended.


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  #41 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
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By default, the Static DOM will be enabled. You will not be able to place any trades, chart trader or DOM, unless you purchase credits. If you do not want to purchase credits, you need to contact NinjaTrader support and ask them to disable the Static DOM. Then you will be able place trades with the chart trader. I do not know about the dynamic DOM as I never use it.
If you try to place a trade before doing all this, you'll just get an error message. Unfortunately, you can't have an in-between where you have credits and only pay them when you actually use the Static DOM. It's all or nothing. The option to use/not use the Static DOM can only be set through NT Support, not through your local preferences.

It seems like a lot of hassle with DDT, but trust me, these fees are built into all the other brokers also. At least with DDT, you have the choice to opt-out of some of the extra charges. Everything is transparent. Some of the other brokers who offer "free" NinjaTrader will not reduce your commissions even if you already have your own license. So you end up paying for NT twice.

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  #42 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received

Hi, so just to clarify, checking the commission schedule, it is 3.32 R/T for the eminis and an additional .10 per side using NT from the platform page, bringing it to 3.42 R/T. Then we have to add the .10 per side TT credits and so it comes out to 3.62 R/T. Am I right? It's still a good deal if that's the case, but I'd just like to clarify. Also, would it be cheaper if I don't go with their datafeed? I've been thinking about getting DTNIQ for the internals.

Thanks!

p.s. what do you mean by "Some of the other brokers who offer "free" NinjaTrader will not reduce your commissions even if you already have your own license. So you end up paying for NT twice." ?

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  #43 (permalink)
 resist 
Berlin Germany /Alicante Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DDT/Rithmic, Global/CQG, IB, Mirus(Ninja)/MarketDelta
Trading: Futures
 
Posts: 141 since Jan 2010
Thanks: 362 given, 67 received


hoeman View Post
Hi, so just to clarify, checking the commission schedule, it is 3.32 R/T for the eminis and an additional .10 per side using NT from the platform page, bringing it to 3.42 R/T. Then we have to add the .10 per side TT credits and so it comes out to 3.62 R/T. Am I right? It's still a good deal if that's the case, but I'd just like to clarify. Also, would it be cheaper if I don't go with their datafeed? I've been thinking about getting DTNIQ for the internals.

Thanks!

p.s. what do you mean by "Some of the other brokers who offer "free" NinjaTrader will not reduce your commissions even if you already have your own license. So you end up paying for NT twice." ?

I understood that commision is 3.32 RT + 0.05 each side using NT so 3.42 alltogether.
If you use e.g. Mirus / NT you don´t get price change if you own NT or not - but if you have own license you can use ATM / DOM / Chart trader included if you have not purchased or leased you cannot make any ATM´s.

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  #44 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received


Slipknot511 View Post
I pay $3.50 RT for the ES. $2.14 for T-Notes.

@Slipknot511 Hi, I just contacted Howard to open an account with them and my commissions came up to 3.62 R/T for the ES. How did you get 3.50?

ES = $1.66 per side

NT = .05 cents per side (For "Chart Trader" or "Dynamic SuperDom")

TT = .10 cents per side additional (For "Static SuperDom" thru TT credits on Ninja website)

Grand Total = $1.81 per side (or $3.62 RT) + $60 monthly if you lease Ninja (or $0 monthly if you own the Ninja Lifetime License).

The only way it makes sense that you have 3.5 R/T is that you didn't pay the .05 per side for Chart Trader or Dynamic SuperDOM, and before the 0.01 per side increase for NFA fees, so you got 1.65 per side + .10 per side = 1.75 per side = 3.5 R/T.

No doubt 3.62 is still a great commission and I'm definitely going with them, but I'm wondering if I can get it down to 3.52.

Also, what margins do you have trading the ES? Is your margin structure the same as Mirus, including the time-frame the day-trade margin is in effect?

Thanks Slipknot511!

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  #45 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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hoeman View Post
@Slipknot511 Hi, I just contacted Howard to open an account with them and my commissions came up to 3.62 R/T for the ES. How did you get 3.50?

ES = $1.66 per side

NT = .05 cents per side (For "Chart Trader" or "Dynamic SuperDom")

TT = .10 cents per side additional (For "Static SuperDom" thru TT credits on Ninja website)

Grand Total = $1.81 per side (or $3.62 RT) + $60 monthly if you lease Ninja (or $0 monthly if you own the Ninja Lifetime License).

The only way it makes sense that you have 3.5 R/T is that you didn't pay the .05 per side for Chart Trader or Dynamic SuperDOM, and before the 0.01 per side increase for NFA fees, so you got 1.65 per side + .10 per side = 1.75 per side = 3.5 R/T.

No doubt 3.62 is still a great commission and I'm definitely going with them, but I'm wondering if I can get it down to 3.52.

Also, what margins do you have trading the ES? Is your margin structure the same as Mirus, including the time-frame the day-trade margin is in effect?

Thanks Slipknot511!

You save about 1.00 over the other typical brokers per R/T.

Take 6 trades per day at 3 contracts @ 16 days and it is a savings of: 288.00 per month roughly

Nice to have an extra 288.00 no doubt, but not that big of a deal to me in savings unless I either trade more contracts or taking a lot more trades in a month.

Thanks for the info and will keep an eye out when I start trading more contracts again.

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  #46 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
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Was just checking out of curiosity: Velocity is @ 3.60/rt for level 1 commissions on ES if you have your own NT license.

But you should pick your broker on a number of factors, naturally, I was just curious to see how the price compared.

Mike

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  #47 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
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Big Mike View Post
Was just checking out of curiosity: Velocity is @ 3.60/rt for level 1 commissions on ES if you have your own NT license.

But you should pick your broker on a number of factors, naturally, I was just curious to see how the price compared.

Mike

@Big Mike

This is strange, I just spoke to live chat at Velocity and this is what I got

Operator 4 says:
Hello JH. My name is Operator 4 how can I help you?
JH says:
Hi, I have a question about commissions with NT
Operator 4 says:
sure
JH says:
So level 1 commission is 3.80 R/T with NT for ES
JH says:
and I have read elsewhere that if you have your own license, level 1 is 3.60 R/T
JH says:
now my question is that does that mean if I don't have my own license, NT will be leased to me and I will have to pay 3.80 R/T? Is that NT the full version?
JH says:
or is it 3.80 R/T for NT Direct Live which lacks all ATM functionality and a lot of other goodies.
Operator 4 says:
we do not have anything to do with the license key that you obtain from NT. The commission is still the same if you lease or own the license key from NT. for the ES it is 3.80 per R/T

???

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  #48 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
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Posts: 50,004 since Jun 2009
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Just go to velocity's website, check commission. Don't click on NinjaTrader, just on FIX (TT_FIX). You might also email my Velocity rep to confirm I know what I am talking about. But again, go with whoever makes you comfortable and you are happiest with. My rep is @Dale Box, it's dbox <at> velocityfutures <dot> com.

BTW I mean to remove NinjaTrader from the equation as far as Velocity is concerned. You need to buy NT from NT, then just connect the TT adapter (FIX).

Mike

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  #49 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
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Big Mike View Post
Just go to velocity's website, check commission. Don't click on NinjaTrader, just on FIX (TT_FIX). You might also email my Velocity rep to confirm I know what I am talking about. But again, go with whoever makes you comfortable and you are happiest with. My rep is @Dale Box, it's dbox <at> velocityfutures <dot> com.

BTW I mean to remove NinjaTrader from the equation as far as Velocity is concerned. You need to buy NT from NT, then just connect the TT adapter (FIX).

Mike

Ah-ha, lol, I see that now. Sorry for being the idiot that I am. Wow, that is so strange isn't it. One can very well just get that and buy NT to get an overall cheaper schedule than their NT schedule.

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

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.

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  #51 (permalink)
 Big Mike 
Site Administrator
Swing Trader
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Manta, Ecuador
 
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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

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  #52 (permalink)
 Big Mike 
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Manta, Ecuador
 
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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

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  #53 (permalink)
 Big Mike 
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  #54 (permalink)
 sysot1t 
 
 
Posts: 1,176 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.

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  #55 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
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Posts: 430 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 -

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  #56 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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@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.
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  #57 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
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Posts: 430 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

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  #58 (permalink)
 MetalTrade 
 
 
Posts: 1,081 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 ??

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  #59 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
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Broker: Multiple
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Posts: 430 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

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  #60 (permalink)
 MetalTrade 
 
 
Posts: 1,081 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.

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  #61 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
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Posts: 430 since Aug 2009

that is cost to trade per side, as in transaction cost, for ES that would equate to 0.8 + 2.32 = 3.12RT. Refer to all the other platforms shown and finally call the FCM to verify

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  #62 (permalink)
 Dale Box 
Houston Texas USA
 
Experience: Advanced
Platform: X_TRADER
 
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Big Mike View Post
I've emailed my rep so I can better educate myself. Will see what he says.

Mike

Hi Mike,

We pay Ninja 0.10 per side. The FIX adapter is 0.05 per side payable to TT. We have no way of knowing who is not using the Dynamic dome so all Ninja clients are charged.

Strategy Runner is also a FIX client BUT...SR charges us 0.25 per side for Lite, and 0.75 per side for Pro (in addition to the 0.05 per side FIX).

The TT FIX adapter commission structure is meant for those using their own (TT conformance approved) software, or platforms such as Sierra Chart or OpenQuant.

Best regards,

Dale

If you have any questions about our services at Velocity Futures please send me a private message.
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  #63 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received


Deucalion View Post
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 -

@Deucalion

Hi, how are you getting 3.50 R/T? Supposing you add in the increased .02 fees, that 3.52 R/T, but I'm getting 3.62 R/T.

The breakdown goes


ES = $1.66 per side

NT = .05 cents per side (For "Chart Trader" or "Dynamic SuperDom")

TT = .10 cents per side additional (For "Static SuperDom" thru TT credits on Ninja website)

Grand Total = $1.81 per side (or $3.62 RT) + $60 monthly if you lease Ninja (or $0 monthly if you own the Ninja Lifetime License).

The only way I figure people are getting the 3.5 R/T is that the NT 0.05 per side is waived when they get on the Static SuperDOM 0.10 per side. Could you please elaborate?

Also, how are your margins and when are the day-time margins in effect?

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


hoeman View Post

Also, how are your margins and when are the day-time margins in effect?

DeepDiscountTrading.com - .50 Cents Per Side + Fees

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  #65 (permalink)
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
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Posts: 430 since Aug 2009

hoeman..you answered your own question. The routing fees as dale box elaborated is open to negotiation with brokers/FCMs.

"Written in stone" costs like exchange fees and TT royalty fees are by definition..."written in stone". Routing fees are not. I got the same answer at DDT/Xland as well as Vision....and each setup....NT/TT, NT/Rithmic, RTrader has a little (or a lot) of leeway w.r.t to routing fees (aka what is your trading size and/or negotiating skill).

Margins are not important to me, I can live with full maintenance margins since I am risking less than 2% on trades. But with Vision at least, the intraday margin is certainly not as good as, say a lot of others. Please call the FCM.

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  #66 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received

Ok, got all that now. I have another question. How is the TT feed? I believe in another thread here, Big Mike mentioned that TT feed isn't a true tick feed and is a 250 ms burst feed. Is that true?

I know there is a thread called Zen-Fire vs TT vs DTNIQ, and as mentioned, I have read it, but it doesn't go over this or it might have and I missed it or the answer was really dated.

Thanks for the reply, I'd greatly appreciate it.

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

TT isn't a charting datafeed, it's an ordering datafeed. How do I know ? I ended up with huge gaps, data was missing. Wrong bid/ask data was delivered.

Useless for my type of charting. I switched to a real datafeed and my problem was fixed.

Hey, we all want a free top notch quality datafeed like TT, Rithmic and Zenfire claims. It's not happening, you will need to pay for it. Esignal/CQG/DTN-IQFeed/Kinetick comes to mind. Are they free ? Hell no, why ? Think about it.

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  #68 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
Posts: 20 since Oct 2010
Thanks: 4 given, 4 received

Ok, I hear you.

I do want to get DTNIQ eventually, for internals and all that.

On a similar note, do you have any experience with TransAct? How does TransAct stack up against TT and Zen-Fire?

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

From what I have heard it's good to drive their DOM, who isn't bad.

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  #70 (permalink)
 hoeman 
VT, USA
 
Experience: Beginner
Platform: NinjaTrader, AmiBroker, IB TWS
Broker: Mirus/Zen-Fire, IB
Trading: ES
 
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MetalTrade View Post
From what I have heard it's good to drive their DOM, who isn't bad.

Their DOM? Is that the Infinity AT?

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

Created by Camtasia Studio 3

https://www.transactfutures.com/MultiBracket/MultiBracket.html

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


Dale Box View Post
Hi Mike,

We pay Ninja 0.10 per side. The FIX adapter is 0.05 per side payable to TT. We have no way of knowing who is not using the Dynamic dome so all Ninja clients are charged.

if we have NT disable the static dom piece on our license... can we get that 0.20 removed from our costs? so instead of ES @ $3.82 RT we would pay $3.62?

and while you are at it, can someone contract directly with CQG for the CQGTrader and get lower comms from velocity?

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

I asked that 2 times to velocity and they refused this 2 times. That's why I moved away from Velocity, I found somebody who did AND on top had lower commissions than velocity. I pay substantially less than velocity now.

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  #74 (permalink)
Tundi
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


MetalTrade View Post
I asked that 2 times to velocity and they refused this 2 times. That's why I moved away from Velocity, I found somebody who did AND on top had lower commissions than velocity. I pay substantially less than velocity now.

Since you brought it, who is your new broker and what are you paying?

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  #75 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
 
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Posts: 176 since May 2010
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FYI, I use TT data on my Ninja Charts and I have them set to .1 refresh rate. If it is a timed burst transmission, then it is much faster than 250mS.
Wednesday on CL, I had it paint over two dozen bars in about 3 seconds. When I refresh tick charts with ZenFire data, there is almost no difference. Sometimes the TT charts have had more ticks than my historical Zen charts.
But MetalTrade is correct; TT is all about order entry, not charting. Most who use TT are using X_Trader DOM with another charting platform such as eSignal.
Not sure why he experienced gaps and lost ticks... I've never had any problems. But different levels of performance with charting/data/execution seems to be a common theme. My ping times to my server are 48mS, so I'm personally never going to get executions faster than 100mS after the actual event.
But I'd also be interested to hear who he uses now... It's always nice to have backup in the bullpen. If you don't want to publicly share, then please PM me.

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  #76 (permalink)
 Dale Box 
Houston Texas USA
 
Experience: Advanced
Platform: X_TRADER
 
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sysot1t View Post
if we have NT disable the static dom piece on our license... can we get that 0.20 removed from our costs? so instead of ES @ $3.82 RT we would pay $3.62?

and while you are at it, can someone contract directly with CQG for the CQGTrader and get lower comms from velocity?

Unfortunately not. TT credits are enabled on all Ninja FIX Adapters.

If anyone would like to pay the $25.00 for CQG trader we could give them a $25.00 commission credit monthly.

If you have any questions about our services at Velocity Futures please send me a private message.
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  #77 (permalink)
 Dale Box 
Houston Texas USA
 
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MetalTrade View Post
I asked that 2 times to velocity and they refused this 2 times. That's why I moved away from Velocity, I found somebody who did AND on top had lower commissions than velocity. I pay substantially less than velocity now.


Sorry we could not do this for you. Please understand it isn't in our billing structure.

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


Dale Box View Post
Unfortunately not. TT credits are enabled on all Ninja FIX Adapters.

If anyone would like to pay the $25.00 for CQG trader we could give them a $25.00 commission credit monthly.

considering you are building the transaction costs into CQGtrader, I would much rather see removed it from my side given once I reach $395 there are no more transaction fees...

so I guess the next question would be... can one use CQGIC setup on your side even though one might be using CQGTrader?

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  #79 (permalink)
 Big Mike 
Site Administrator
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  #80 (permalink)
 donzi 
Miami Beach, FL, USA
 
Experience: Intermediate
Platform: Sierra Charts
Trading: ES, YM, NQ, TF, 6A, 6B, 6C, 6E 6J
 
Posts: 12 since Dec 2010
Thanks: 236 given, 14 received

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)

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  #81 (permalink)
 Dale Box 
Houston Texas USA
 
Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
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donzi View Post
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,

If you have any questions about our services at Velocity Futures please send me a private message.
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  #82 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

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 !!!!

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  #83 (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
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,

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  #84 (permalink)
 Dale Box 
Houston Texas USA
 
Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 24 given, 43 received


MetalTrade View Post
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,

If you have any questions about our services at Velocity Futures please send me a private message.
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  #85 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

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 !!!

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  #86 (permalink)
Trader Y
Windsor, ON, Canada
 
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

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.

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  #87 (permalink)
Trader Y
Windsor, ON, Canada
 
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

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.

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Trader Y
Windsor, ON, Canada
 
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

Btw, appreciate the offer.

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  #89 (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;
Just email Howard, he will take care of the DOM problem with TT.
soveral

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

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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  #91 (permalink)
holymouse
Bay Area, CA
 
 
Posts: 6 since Nov 2010
Thanks: 1 given, 6 received

Anyone tried using MCDT with TT Fix Adapter at DeepDiscountTrading?

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

Yes, it works.

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  #93 (permalink)
 tomasito 
Chicago
 
Experience: Advanced
Platform: Linn Software Investor R/T
Broker: Vankar
Trading: Pipe Organ
 
Posts: 35 since Sep 2009
Thanks: 20 given, 49 received

TT is Trading Technologies and is used by many pros. CQG, TT, and the higher end services have server side order processing. You pay for what you get. I think an "Electronic License" at the CME requires that you average about 30 r/t per day to make it worthwhile. I trade p/t and average over 500/mo. but that really doesn't get me much. CQG has a low priced DOM but it is quirky in the sense that it's not straight forward like TT. I can get TT cheaper, maybe $600/m but that's for one exchange.

From what I've read about the retail business the average trader account size for most retail brokers is $3000.00. So they are probably on the phone all day looking for new traders who will run through their accounts and quit trading or reload. I always have two brokers, one as a safety and a second data feed.

There are locals who are trading 1000's of r/t's everyady in the large futures markets. Even the the few Locals who I knew well enough might have traded 500 or so--they were full members so commissions were 5 or 10 cents and free after $20k for the rest of the year.

Most brokers will negociate but you have to do more business. I understand that CQG has begun to provide data to brokers who will offer it "free", even for NinjaTrader.

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  #94 (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

I just opened a account with DeepDiscount thru Howard Lender and traded all week...I used CGQ Trader Platform and eveything went super smooth...I'm paying $2.16 for Bonds and Notes and $3.32 for mini S&P...ROUND TRIP. Great platform except CGQ has no volume histogram on the Depth of market ladder. There feeds are super fast...After 16 years trading, I rate this setup A++ Thanks Birch49

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


Birch49 View Post
I just opened a account with DeepDiscount thru Howard Lender and traded all week...I used CGQ Trader Platform and eveything went super smooth...I'm paying $2.16 for Bonds and Notes and $3.32 for mini S&P...ROUND TRIP. Great platform except CGQ has no volume histogram on the Depth of market ladder. There feeds are super fast...After 16 years trading, I rate this setup A++ Thanks Birch49

Is that the CQG lite you use ?

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  #96 (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
Is that the CQG lite you use ?

It's kind of confusing. DDT listed three different versions of CQG.

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

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.

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  #98 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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Birch49 View Post
I just opened a account with DeepDiscount thru Howard Lender and traded all week...I used CGQ Trader Platform and eveything went super smooth...I'm paying $2.16 for Bonds and Notes and $3.32 for mini S&P...ROUND TRIP. Great platform except CGQ has no volume histogram on the Depth of market ladder. There feeds are super fast...After 16 years trading, I rate this setup A++ Thanks Birch49

Do you use a seperate program for Charting ?

Regards,
TMFT

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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  #99 (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


sam028 View Post
Can mention your broker's name please ?

Call Howard Lender @ DeepDiscountrading.com or Google Howard Lender

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  #100 (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
Is that the CQG lite you use ?

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

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