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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #221 (permalink)
Elite Member
Kirkland, WA/United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus/Vision/Rithmic
Favorite Futures: Futures
 
LightWeight's Avatar
 
Posts: 138 since Jul 2012
Thanks: 138 given, 42 received

I've been with Howard and DDT for almost six weeks now, and I must say I'm very pleased. This is my first live account with a broker so I don't have much to compare it to, but regardless I'm completely satisfied. Howard is very prompt with his answers, I only have talked with him by email but he doesn't take more than a few hours to respond, if that. He has also been very patient with my questions and his rates are about as cheap as you can get from what I understand. I do pay $60 a month to use NT, but once I'm hopefully profitable enough I'll simply buy a lifetime license anyway.

Also the FCM is Crossland, and they have been fantastic as well. I've called them twice for technical reasons with adding contracts to my account, and both times I swear they picked up the phone on the first ring, no voicemail or directory or waiting. They've also been prompt by email as well. My account balance seems to update immediately on their online portal, and every day I make a trade I receive a pdf statement by email that night, and one at the end of the month.

Anyway I'm very pleased with the choice and wouldn't hesitate to recommend them to anyone.

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  #222 (permalink)
Elite Member
montreal, quebec, canada
 
Futures Experience: Beginner
Platform: ninja trader
Favorite Futures: futures
 
barron's Avatar
 
Posts: 6 since Jan 2011
Thanks: 1 given, 1 received

Info Broker

Hi Slipknot,
I'm looking for a Broker... Are you still using DeepDiscountTrading.com and do you still recommend them?
Thanks,
Claude


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.


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  #223 (permalink)
Elite Member
Italy, Europe
 
Futures Experience: Intermediate
Platform: Sierra charts
Favorite Futures: Dax, Bund, 6E, currencies
 
italiantrader's Avatar
 
Posts: 16 since Jan 2012
Thanks: 3 given, 4 received

D D T


I have a live trading account opened with DDT and another with IB since last year. Howard is very helpful and Crossland has been very professional until now. Nevertheless I experienced some occasional disconnections on the Sierrachart platform and had to close positions through the phone. Everything else was ok until now.

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  #224 (permalink)
Elite Member
Hannibal, Mo, USA
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: AMP/CQG
Favorite Futures: NQ, YM, ES, GC, CL
 
Posts: 36 since Jan 2012
Thanks: 61 given, 74 received

Let me jump in here again and give Howard a plug. I had an account through him for over a year and I experienced nothing but kind, professional and prompt service from Howard. I was shocked at how quickly he replied to nearly all my emails, some of which I sent late at night not expecting a reply till next day.

I had to move to an environment with server side orders due to poor internet issues on my end. Due to some unpredictable outages on this end I just couldn't make anything work through Howard's options. That reason alone caused me to move from Howard/ deepdiscounttrading.com/ crossland. I hated to leave because of Howard.

Once I decided to do it Howard was as kind to me and helpful as the day I first inquired about DDT. Crossland was extra fast getting my funds wired out, I mean within a couple hours. I was actually able to wire the funds out of my bank same day to the broker I am using now with NT7 server side orders.

I used Sierra / TT feed and had cash data (adv/decl, tick, etc...) and historical tick/minute data as part of the package no extra charge. There were no gimmicks, no up charges, no surprises. I felt I got good fills but only traded small size (1-4 contracts) in NQ, ES, TF, YM. I tried the SC / Rithmic feed (for server side orders) but did not have historical tick data available and I was not willing to make that sacrifice for server side orders. Thus my move. But having said that...

If my trading goes well and I need to open another account, providing the internet issues are solved, I plan to return to Howard with a second account. He is tops! Very trustworthy. I can not think of a broker I would rather have making my commissions.

Chuck T

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The following user says Thank You to Chuck T for this post:
 
  #225 (permalink)
Trading Apprentice
Singapore
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Favorite Futures: ES,CL
 
Posts: 13 since Mar 2013
Thanks: 1 given, 4 received

Hi Chuck,

Would it be cheaper to just go directly to crosslandllc.com and open an account?

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  #226 (permalink)
Elite Member
Hannibal, Mo, USA
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: AMP/CQG
Favorite Futures: NQ, YM, ES, GC, CL
 
Posts: 36 since Jan 2012
Thanks: 61 given, 74 received


iwillsurvive View Post
Hi Chuck,

Would it be cheaper to just go directly to crosslandllc.com and open an account?

I don't know. I never checked that out and don't know if you can deal directly with Crossland without an IB. My experience with Crossland was only through Howard and DDT. And as stated before, it was all good.

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  #227 (permalink)
Trading for Fun
Wash DC
 
Futures Experience: Intermediate
Platform: multiple
Favorite Futures: varies
 
Posts: 66 since Sep 2011
Thanks: 8 given, 24 received


iwillsurvive View Post
Hi Chuck,

Would it be cheaper to just go directly to crosslandllc.com and open an account?

Yes. You will need more money to open an acct with Crossland vs DDT (or any IB). Risk parameters will also be handled somewhat differently.

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  #228 (permalink)
Trading Apprentice
Singapore
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Favorite Futures: ES,CL
 
Posts: 13 since Mar 2013
Thanks: 1 given, 4 received


Frank R View Post
Yes. You will need more money to open an acct with Crossland vs DDT (or any IB). Risk parameters will also be handled somewhat differently.

Do you know if how much cheaper are commissions without ib?

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  #229 (permalink)
Trading for Fun
Wash DC
 
Futures Experience: Intermediate
Platform: multiple
Favorite Futures: varies
 
Posts: 66 since Sep 2011
Thanks: 8 given, 24 received


iwillsurvive View Post
Do you know if how much cheaper are commissions without ib?

Its negotiable, call them up and ask.



I needed a brokerage acct for a while and went through Howard at DDT. I would highly recommend him.

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  #230 (permalink)
Trading Apprentice
Chicago, IL. USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: Mini Indexes
 
Posts: 20 since Nov 2010
Thanks: 2 given, 5 received


When I was shopping around, I noticed that the commission structure was exactly the same between DDT and Crossland. But I found the service by DDT was much more superior around the clock which is why DDT has the great reputation.

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