Trading Articles
Article Categories
Article Tools
Is Dorman Out Of Business?
Updated March 2, 2021
Top Posters
looks_one
Gauer
with 4 posts (8 thanks)
looks_two
xplorer
with 2 posts (4 thanks)
looks_3
bobwest
with 2 posts (4 thanks)
looks_4
Fonz
with 1 posts (2 thanks)
Best Posters
looks_one
Gauer
with 2 thanks per post
looks_two
xplorer
with 2 thanks per post
looks_3
bobwest
with 2 thanks per post
looks_4
Fonz
with 2 thanks per post
trending_up
975 views
thumb_up
21 thanks given
group
5 followers
forum
10 posts
attach_file
0 attachments
Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to
register in order to view the content of the threads and start contributing to our community.
It's free and simple.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Is Dorman Out Of Business?
(login for full post details)
#1 (permalink )
garopaba + santa catarina
Posts: 37 since Aug 2019
Thanks: 8 given,
39
received
I have contacted Dorman a couple of times in the last 2 or 3 weeks asking about information on opening an account with them, stuff like minimum deposit, day trading margins for each instrument (on their site is only listed overnight margin), commissions, etc. I said I was planning to use Sierra and their Denali data feed and order routing, and using Dorman as a clearing firm.
I got no reply so far. I find it very strange because brokers usually reply in the same day... So I wonder if they just closed down the business and abandoned the website.
The following user says Thank You to Gauer for this post:
Can you help answer these questions from other members on futures io?
Best Threads (Most Thanked) in the last 7 days on futures io
(login for full post details)
#2 (permalink )
Site Moderator
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,296 since Sep 2015
Thanks: 13,329 given,
12,617
received
Gauer
I have contacted Dorman a couple of times in the last 2 or 3 weeks asking about information on opening an account with them, stuff like minimum deposit, day trading margins for each instrument (on their site is only listed
overnight margin), commissions, etc. I said I was planning to use Sierra and their Denali data feed and order routing, and using Dorman as a clearing firm.
I got no reply so far. I find it very strange because brokers usually reply in the same day... So I wonder if they just closed down the business and abandoned the website.
I don't believe FCMs deal directly with clients, especially retail clients.
You should approach an Introducing Broker who has the relationship with Dorman.
The following 2 users say Thank You to xplorer for this post:
(login for full post details)
#3 (permalink )
garopaba + santa catarina
Posts: 37 since Aug 2019
Thanks: 8 given,
39
received
xplorer
I don't believe FCMs deal directly with clients, especially retail clients.
You should approach an Introducing Broker who has the relationship with Dorman.
They are in the list of recommended brokers in Sierra Chart page, doesn´t say anything about introducing brokers.
Anyways, a brokerage firm that does not even bother replying inquiries of possible customers is not a good sign, perhaps I should avoid.
The following user says Thank You to Gauer for this post:
(login for full post details)
#4 (permalink )
Site Moderator
Sarasota FL
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Posts: 6,358 since Jan 2013
Thanks: 48,487 given,
21,307
received
Gauer
I have contacted Dorman a couple of times in the last 2 or 3 weeks asking about information on opening an account with them, stuff like minimum deposit, day trading margins for each instrument (on their site is only listed
overnight margin), commissions, etc. I said I was planning to use Sierra and their Denali data feed and order routing, and using Dorman as a clearing firm.
I got no reply so far. I find it very strange because brokers usually reply in the same day... So I wonder if they just closed down the business and abandoned the website.
xplorer
I don't believe FCMs deal directly with clients, especially retail clients.
You should approach an Introducing Broker who has the relationship with Dorman.
Many FCM 's (e.g. AMP) do open retail accounts directly, and it appears that Dorman does as well. I found this from a quick look at their site: https://www.dormantrading.com/futures-services/online-trading/
(They are one of the two FCM's used by NinjaTraderBrokerage, but I think they will open an account without getting it from NT. They say they will, anyway. )
So does Phillip Capital, the other FCM used by NinjaTraderBrokerage: https://www.phillipcapital.com/Retail_Traders
As to whether they are out of business, I have no information on that, but since they are one of the two FCM's that NinjaTraderBrokerage is an IB for, I'm sure we would have had a lot of posts here from NT traders if they were....
I don't know what the problem is with your queries, however. I assume you used their Contact Us page or the phone number listed, but if you just used info from the SC site, this may help: https://www.dormantrading.com/contact-us/
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following 3 users say Thank You to bobwest for this post:
(login for full post details)
#5 (permalink )
garopaba + santa catarina
Posts: 37 since Aug 2019
Thanks: 8 given,
39
received
@bobwest
Hi Bob, yes I have been trying to contact them via the "contact us" page... No reply.
The following user says Thank You to Gauer for this post:
(login for full post details)
#6 (permalink )
Site Moderator
Sarasota FL
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Posts: 6,358 since Jan 2013
Thanks: 48,487 given,
21,307
received
Gauer
@
bobwest
Hi Bob, yes I have been trying to contact them via the "contact us" page... No reply.
Strange you would get that kind of non-response. Did you try using the phone number?
Other than that, no ideas on what to do next, except to move on.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following user says Thank You to bobwest for this post:
(login for full post details)
#7 (permalink )
Site Moderator
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,296 since Sep 2015
Thanks: 13,329 given,
12,617
received
bobwest
Thx for setting the record straight Bob.
The following 2 users say Thank You to xplorer for this post:
(login for full post details)
#8 (permalink )
garopaba + santa catarina
Posts: 37 since Aug 2019
Thanks: 8 given,
39
received
Just an update:
They contacted me and said they were swamped with business, but that soon their inhouse brokers will respond my questions.
Regards
The following 5 users say Thank You to Gauer for this post:
(login for full post details)
#9 (permalink )
Phoenix
Experience: Intermediate
Platform: Sierra Chart
Broker: Tradovate
Trading: Futures
Posts: 6 since Jan 2021
Thanks: 0 given,
4
received
I just setup an account with tradovate been a few weeks since they approved my ACH transfer even see the money taken from my checking account yet nothing in my trading account. The money actually went to Dorman Capital it seems that there is an unprecedented amount of people opening trading account right now and trading. That doesn't surprise me people who were not able to daytrade from work are now able to because they are working from home now. Even TD and Fidelity are 50-75 minutes on hold today I was trying to work out a problem between the two and a paper check from a 401k rollover.
The following user says Thank You to kell490 for this post:
(login for full post details)
#10 (permalink )
Miami, Fl
Experience: Advanced
Platform: Tradestation, Jigsaw
Trading: Futures
Posts: 21 since Feb 2012
Thanks: 8 given,
17
received
A Business Wire "news":
Schwab Report: Year-End 2020 Self-Directed 401(k) Balances Up 13% Year-Over-Year Despite Ongoing Volatility and Q1 Market Lows
- When the money flows to the stock market, we should not have to worry to much about our long term investments. -
The following 2 users say Thank You to Fonz for this post:
(login for full post details)
#11 (permalink )
Rovigo (ITALY)
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
Posts: 385 since Feb 2018
Thanks: 150 given,
822
received
No, they are not out of business. I have an account with them and just talked with them yesterday.
The following 2 users say Thank You to SBtrader82 for this post:
Last Updated on March 2, 2021
Right now
Ongoing
Right now
March
Register to Attend
Elite only
Coming soon
April