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Reviews of Brokers and Data Feeds

Created February 10th 2019 by hoppy123
Updated October 6th 2019 by xbfut
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discounttrading.com

  #1 (permalink)
orlando
 
Trading Experience: Beginner
Platform: esignal
Favorite Futures: forex emini oil gas
 
Posts: 20 since Jan 2017
Thanks: 2 given, 34 received

discounttrading.com

any one have any experience trading with discounttrading.com . Looking for a discount broker that has there own platform so i can trade form phone or any computer . there platform called firetip . any other broker suggestion welcomed . thnaks

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  #3 (permalink)
Legendary Elite_Member
Wiltshire, United Kingdom
 
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 787 since Sep 2013
Thanks: 1,734 given, 1,325 received



hoppy123 View Post
any other broker suggestion welcomed . thnaks

No experience with discounttrading.com.
A broker with a commission discount scheme is Tradovate, https://www.tradovate.com/ . They have a mobile app platform as well as a desktop version.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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  #4 (permalink)
Burnaby Canada
 
 
Posts: 26 since Feb 2019
Thanks: 2 given, 18 received


hoppy123 View Post
any one have any experience trading with discounttrading.com . Looking for a discount broker that has there own platform so i can trade form phone or any computer . there platform called firetip . any other broker suggestion welcomed . thnaks

Did you end up signing up with them? them seem to offer a great deal but not sure if they actually deliver

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  #5 (permalink)
desert CA
 
Trading Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker/Data: AMP, DT, TDA
Favorite Futures: CL,NQ,YM
 
Posts: 2,126 since Jul 2011
Thanks: 2,366 given, 1,693 received

I've been thinking about trying out this broker. Not much third party comment out there. There's a review with some details at : https://www.advisoryhq.com/articles/discount-trading-review/
but the writing seems standoffish and uniform like much of the site, so I wonder if it's just another shill for pay blog review site.

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  #6 (permalink)
orlando
 
Trading Experience: Beginner
Platform: esignal
Favorite Futures: forex emini oil gas
 
Posts: 20 since Jan 2017
Thanks: 2 given, 34 received

yes i been there about 6 months and no problems . only withdrew money twice and got it no problem . They do seem small
. You can email a lady called megan . Response with in the day . Low cost on trade .You get a free platform to trade with a ladder but no charts . I use my own charting and get feed from iqfeed . SO far no issue . what i like is they give you day time margins after hrs .as long as you are flat at 5-6 pm . think they are good for day trading . i was at thinkorswim where $5 +fees round trip . These guy $1 . but you have to pay extra for charting .

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  #7 (permalink)
desert CA
 
Trading Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker/Data: AMP, DT, TDA
Favorite Futures: CL,NQ,YM
 
Posts: 2,126 since Jul 2011
Thanks: 2,366 given, 1,693 received

I got started with discount trading. The fees I got for one contract NQ roundtrip:

Exchange USD 2.36 DR
NFA USD 0.04 DR
Brokerage USD 0.50 DR
Commission USD 1.98 DR

It also costs $3/month for instruments bundle without lvl 2. And $10/month for using CQG with NT7 (must be lifetime license older then July, 2014) which is all good with me. Yes, Meagan was very helpful, thanks. I did some trading already (on NT7) and everything works great. Happy with dt so far.

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The following 2 users say Thank You to Cloudy for this post:
 
  #8 (permalink)
Burnaby Canada
 
 
Posts: 26 since Feb 2019
Thanks: 2 given, 18 received


hoppy123 View Post
yes i been there about 6 months and no problems . only withdrew money twice and got it no problem . They do seem small
. You can email a lady called megan . Response with in the day . Low cost on trade .You get a free platform to trade with a ladder but no charts . I use my own charting and get feed from iqfeed . SO far no issue . what i like is they give you day time margins after hrs .as long as you are flat at 5-6 pm . think they are good for day trading . i was at thinkorswim where $5 +fees round trip . These guy $1 . but you have to pay extra for charting .

Glad to hear they paid out.

As far as the free platform with a ladder, is the ladder only available if you are already in a trade? As I think thats how the firetip demo work not sure if the real thing is the same

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The following user says Thank You to Courage for this post:
 
  #9 (permalink)
Limassol, Cyprus
 
 
Posts: 16 since Sep 2019
Thanks: 4 given, 14 received

Was suggested Discount via Jigsaw and then quoted a 50k minimum deposit.

'Discount Trading' should really become 'Premium Trading'.

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