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DeepDiscountTrading Broker
Started:July 12th, 2010 (06:57 PM) by sam028 Views / Replies:43,425 / 268
Last Reply:Yesterday (12:43 PM) Attachments:4

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DeepDiscountTrading Broker

Old September 20th, 2010, 10:05 PM   #31 (permalink)
Elite Member
Taipei
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Deep Discount Trading / TT
Favorite Instrument: Bobl, 6E, FESX
 
Posts: 556 since Jun 2009
Thanks: 323 given, 304 received


forexboom View Post
Thanks for your promt reply. So ZenFire and TT are trading engine that supply feed to Ninja and other platforms. So Velocity and Crossland are clearing houses? I read somewhere in this forum, that some user complain about Dorman, because they tell that to have REALTIME P/L of their position have to wait the following day!. Velocity is the same or your P/L are in REALTIME?

Dorman, Velocity and Crossland are all FCM's.

Dorman sends you a statement the next day. You can get a 'raw' P/L from TT and ZenFire during the day. Also, ZenFire's web interface gives you real time P/L.

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Old November 19th, 2010, 08:27 PM   #32 (permalink)
Trading Apprentice
Chicago, IL. USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Instrument: Mini Indexes
 
Posts: 20 since Nov 2010
Thanks: 2 given, 5 received


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.


It looks like they gave their website a facelift. It looks really Great now. I found out that Howard is the Deep Discount Division of the Clearing Firm. Thank You so much for introducing me to him : )

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Old November 19th, 2010, 09:38 PM   #33 (permalink)
Membership Revoked
DPRK
 
Trading Experience: Master
Platform: NT
Favorite Instrument: cash
 
Lars's Avatar
 
Posts: 16 since Nov 2010
Thanks: 0 given, 6 received

Crossland


I opened an account with Crossland's discount brokererage arm and have no complaints. The commisssion structure is terrific for the small and large contract trader. No complaints about customer service either.

Listen up traders: commissions are to your trading account like termites are to wood. Reduce them as much as possible to improve your profitability. Every penny counts!

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Old November 20th, 2010, 06:45 PM   #34 (permalink)
Elite Member
North Port, Florida USA
 
Trading Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker/Data: DDT-TT
Favorite Instrument: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

Deep Discount

Hi All;
I saw on the site that they offer Rithmic data feed, I wonder if it is for Ninja Trader, that is what it seems to imply.
Best trading to all,
soveral

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Old December 10th, 2010, 06:57 PM   #35 (permalink)
Elite Member
North Port, Florida USA
 
Trading Experience: Advanced
Platform: TradeStation-Ninja Trader
Broker/Data: DDT-TT
Favorite Instrument: ES,NQ,CL
 
Posts: 24 since Oct 2010
Thanks: 9 given, 6 received

DEEP Discount Trading

Hello Traders;

I opened my account with Howard Lender this week and everything is great. Had a little problem hooking up NT to TT but he was right on top of it and I was up and running right away. I would highly recommend DDT and Howard Lender.

I'm just looking to help others like me that walked the hot coals.

soveral

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Old December 14th, 2010, 03:12 AM   #36 (permalink)
Elite Member
Berlin Germany /Alicante Spain
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: DDT/TT, Global/CQG, IB, Mirus/MarketDelta
Favorite Instrument: Futures
 
Posts: 82 since Jan 2010
Thanks: 129 given, 29 received

what´s about the margins?

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Old December 14th, 2010, 08:14 AM   #37 (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

Margins and minimum deposit are set on an individual basic according to your trading style. If you trade short-term with tight stops, they can be the same as the advertised margins for all the other discount brokers.

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Old December 21st, 2010, 03:15 PM   #38 (permalink)
Trading Apprentice
Chicago, IL. USA
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Instrument: Mini Indexes
 
Posts: 20 since Nov 2010
Thanks: 2 given, 5 received

Actually, they have a link on their website that says "Trading Margins". When you click on it, it shows that their Day Trade Margin is only 10% of the Initial margin which is very aggressive.

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Old December 24th, 2010, 11:29 AM   #39 (permalink)
Elite Member
New York, United States
 
Trading Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker/Data: Optimus/Rithmic
Favorite Instrument: ES
 
Ben16JP2's Avatar
 
Posts: 75 since Oct 2010
Thanks: 182 given, 29 received

According to NinjaTrader Static DOM is required???


Slipknot511 View Post
Be sure to ask about execution fees for platforms also. I pay .10 per side for NT (Not the static DOM either).



I’m in the process of opening up an account at DDT. I informed NinjaTrader to have my license converted to the TT data feed. This is the data feed at DDT.

This is the response that I received back from NT.

“I have converted your license as requested. Please be aware that when trading through the Trading Technologies fix adapter it does require the use of a static SuperDOM which we license from TT and you as the user are responsible to pay these fees. The way it works is you need to purchase "TT credits" from the web page listed below and the credits will deduct at the rate of 10 cents per side per contract traded.”


My question is:

Do the TT credits have to be purchased in order to trade with the NinjaTrader Platform at DDT?
Even if you trade off of ChartTrader?
If it is not necessary, what needs to be done so you don’t have to purchase the “TT credits” and still be able to trade with the NT platform at DDT?

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Old December 24th, 2010, 08:00 PM   #40 (permalink)
Senior Member
Fullerton, CA
 
Trading Experience: Intermediate
Platform: NT
Favorite Instrument: Futures
 
Tundi's Avatar
 
Posts: 201 since Dec 2010
Thanks: 33 given, 93 received



Ben16JP2 View Post

I’m in the process of opening up an account at DDT. I informed NinjaTrader to have my license converted to the TT data feed. This is the data feed at DDT.

This is the response that I received back from NT.

“I have converted your license as requested. Please be aware that when trading through the Trading Technologies fix adapter it does require the use of a static SuperDOM which we license from TT and you as the user are responsible to pay these fees. The way it works is you need to purchase "TT credits" from the web page listed below and the credits will deduct at the rate of 10 cents per side per contract traded.”


My question is:

Do the TT credits have to be purchased in order to trade with the NinjaTrader Platform at DDT?
Even if you trade off of ChartTrader?
If it is not necessary, what needs to be done so you don’t have to purchase the “TT credits” and still be able to trade with the NT platform at DDT?

If you use chart trader and/or Dynamic Super DOM only (not Static Super DOM) then the charge for TT credits is $.05 a side instead of $.10.

I suggest you speak to Howard for instructions on how to set NT for this discount, but you will have to purchase TT credits regardless if you use NT to trade with TT. BTW, there are no better deals for the trader than this one at Crossland.

Highly recommended.


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