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DeepDiscountTrading Broker
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DeepDiscountTrading Broker

  #1 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,573 given, 3,982 received

DeepDiscountTrading Broker


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 ?

Success requires no deodorant! (Sun Tzu)
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  #2 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


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)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 312 received


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)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 312 received


Zoethecus View Post
How many contracts are you trading a month?

Less than 100.

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  #5 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


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)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
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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)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


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)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 312 received


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)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
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Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

DeepDiscountTrading Broker


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)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 312 received



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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