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DeepDiscountTrading Broker
Started:July 12th, 2010 (06:57 PM) by sam028 Views / Replies:43,434 / 268
Last Reply:Yesterday (12:43 PM) Attachments:4

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DeepDiscountTrading Broker

Old July 14th, 2010, 12:52 PM   #11 (permalink)
Elite Member
Springfield,Missouri, USA
 
Trading Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Instrument: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 294 received

Correction to the above: Working with NT and Crossland support, we were able to fix the TF problem this morning. Now historical and live data work just like any other instrument.

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Old July 14th, 2010, 06:56 PM   #12 (permalink)
Elite Member
Italy
 
Trading Experience: Advanced
Platform: SierraChart, CTS T4, (NT).
Broker/Data: CTS- Rithmic
Favorite Instrument: 6E, CL, BRN.
 
LukeGeniol's Avatar
 
Posts: 1,324 since Apr 2010
Thanks: 349 given, 835 received

Slipknot, thanks for all these useful informations, I will talk with them, cos I'm finding a new broker with lower commission, but my fear is always that of a rip peck.

Luke.

Take your Pips, go out and Live.
Luke.
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Old July 14th, 2010, 10:13 PM   #13 (permalink)
Elite Member
Springfield,Missouri, USA
 
Trading Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Instrument: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 294 received


My suggestion is to email support at deepdiscounttrading dot com with any questions you might have. Make sure they are answered to your satisfaction and in a timely manner.
Ultimately, the exceptional customer service from Howard is what tipped the scale in favor of me using them.
Mirus has some real nice advantages. It was a tough decision... but since I'm a scalper, low low commissions is a must.
FYI, ThinkOrSwim also has $3.50 RT, but I never really looked into them.

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Old July 15th, 2010, 06:51 PM   #14 (permalink)
Elite Member
new york
 
Trading Experience: Beginner
Platform: SC, NT
Favorite Instrument: CL, GC
 
Posts: 209 since Sep 2009
Thanks: 92 given, 104 received

Look like they dropped the commission. It is now quoted at $3.30 RT for ES.

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Old July 15th, 2010, 06:59 PM   #15 (permalink)
Elite Member
Italy
 
Trading Experience: Advanced
Platform: SierraChart, CTS T4, (NT).
Broker/Data: CTS- Rithmic
Favorite Instrument: 6E, CL, BRN.
 
LukeGeniol's Avatar
 
Posts: 1,324 since Apr 2010
Thanks: 349 given, 835 received


cw30000 View Post
Look like they dropped the commission. It is now quoted at $3.30 RT for ES.

Look at post #8 one page back.

Luke.

Take your Pips, go out and Live.
Luke.
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Old July 15th, 2010, 07:00 PM   #16 (permalink)
Elite Member
Arkansas
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Instrument: TF, 6E, 6B
 
Posts: 24 since Jul 2010
Thanks: 42 given, 22 received


Slipknot511 View Post
My suggestion is to email support at deepdiscounttrading dot com with any questions you might have. Make sure they are answered to your satisfaction and in a timely manner.
Ultimately, the exceptional customer service from Howard is what tipped the scale in favor of me using them.
Mirus has some real nice advantages. It was a tough decision... but since I'm a scalper, low low commissions is a must.
FYI, ThinkOrSwim also has $3.50 RT, but I never really looked into them.

Thinkorswim is actually $3.50 per side ($7.00 RT). They will give you a lower rate if you have more volume, but I think $6 RT is the lowest they will go. I use them for trading my retirement accounts which is longer term swing trading and they are great for that. I would not recommend them for Day trading though, the data feed is not reliable enough.

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Old July 15th, 2010, 07:18 PM   #17 (permalink)
Elite Member
new york
 
Trading Experience: Beginner
Platform: SC, NT
Favorite Instrument: CL, GC
 
Posts: 209 since Sep 2009
Thanks: 92 given, 104 received

I looked at the whois for deepdiscounttrading.com and it was only created 2 years ago. Before 2010, it was a park domain.

Link belwo for the cache from 12/12/2009
Historic Thumbnails - Deepdiscounttrading.com - Deep Discount Trading

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Old July 15th, 2010, 08:59 PM   #18 (permalink)
Elite Member
Springfield,Missouri, USA
 
Trading Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Instrument: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 294 received


cw30000 View Post
I looked at the whois for deepdiscounttrading.com and it was only created 2 years ago. Before 2010, it was a park domain.

Link belwo for the cache from 12/12/2009
Historic Thumbnails - Deepdiscounttrading.com - Deep Discount Trading

That's why you always look into who the clearing firm is. That is where your money actually is. DDT is simply an IB. Without an IB, there are very few brokerages that will talk to you unless you are depositing a LOT of money. Daytrading margins are a function of your broker (or IB). They basically monitor your risk and guarantee the clearing firm you will not put them at risk. Hence the lower margins.

Just try calling Dorman or Rosentall Collins and see how far you get once they realize you are a small fish.

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Old July 16th, 2010, 12:53 PM   #19 (permalink)
Membership Revoked
United States of America
 
Trading Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 450 received

Crossland quoted $3.28 RT, all-in for ES. That's mighty tempting.

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Old July 16th, 2010, 02:46 PM   #20 (permalink)
Elite Member
Springfield,Missouri, USA
 
Trading Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Instrument: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 294 received



Zoethecus View Post
Crossland quoted $3.28 RT, all-in for ES. That's mighty tempting.

Be sure to ask about execution fees for platforms also. I pay .10 per side for NT (Not the static DOM either).
Here's the platform fees through my IB... don't know if they are the same with Crossland direct or not. Other than that, I can't think of any other surprises.

Did they happen to quote you margins and minimum deposit?

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