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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #171 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


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

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

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

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

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

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  #172 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


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

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

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

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

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

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

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

I agree.

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

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  #173 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received



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


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

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

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


Last edited by Lornz; May 11th, 2011 at 03:40 PM.
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  #174 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received

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

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

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

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

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  #175 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


Lornz View Post
It seemed like you were claiming it was exclusive to Crossland.

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

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  #176 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


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

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

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

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

What did you choose NT or SC?

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  #177 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


torroray View Post
What did you choose NT or SC?

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

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  #178 (permalink)
 Vendor: www.velocityfutures.com 
Houston Texas USA
 
Futures Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 30 given, 42 received


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


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

If you have any questions about our services at Velocity Futures please send me a private message.
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  #179 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


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

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

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

CQGIC ES RT $3.52
CQGT ES RT $4.02

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

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

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

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

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

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

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

let me know...

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  #180 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received


Haven't had a chance to read the entire thread....

any reasons why anyone would stay away from Deep Discount?

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

Thanks

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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