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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

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


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

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)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB, OEC, Optimus, DDT
Favorite Futures: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 513 given, 157 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)
 Vendor: www.velocityfutures.com 
Houston Texas USA
 
Futures Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 30 given, 42 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.

Last edited by Dale Box; February 8th, 2011 at 02:10 PM. Reason: left a piece out.
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  #85 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received

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)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
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)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
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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  #88 (permalink)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

Btw, appreciate the offer.

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  #89 (permalink)
Elite Member
North Port, Florida USA
 
Futures Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker/Data: DDT-TT
Favorite Futures: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

DOM

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

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The following 2 users say Thank You to soveral for this post:
 
  #90 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


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..

Attached Thumbnails
DeepDiscountTrading Broker-ddt.png   DeepDiscountTrading Broker-howard.png  
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