Anyone has experience with DeepDiscountTrading.com ?

Rodney King · Jan 19, 2011

Quote from chartman:

They use Crossland. One need to check the financial standing of the FCM holding the money.

That is a remarkable one-month decline, and I'd be curious as to how Crossland explains it. BTW I believe Mr Chart's data are from http://www.bloomberg.com/news/2010-...ms-excess-net-capital-for-october-table-.html .. . Similarly to his table, here are the 10 largest decliners, with Oct and Sep capital:

Crossland $1,827,724 $4,666,310 -60.8%
Capital Market Services $2,661,289 $6,771,322 -60.7%
Forex Capital Markets $11,958,105 $22,937,726 -47.9%
FX DirectDealer $5,409,610 $8,294,122 -34.8%
Nomura Securities $756,171,807 $1,143,596,324 -33.9%
Alpari (US) $528,986 $715,725 -26.1%
MF Global $148,356,593 $199,867,719 -25.8%
Instinet $90,883,313 $119,552,504 -24.0%
Advanced Markets $558,887 $722,088 -22.6%
Pioneer Futures $1,101,817 $1,418,199 -22.3%

Also, re paying interest on balances .. . Uhhh, short rates are zero now anyway.

CashKing · Jan 20, 2011

Howard is the real deal. Great rates, great service.

futuman · Jan 21, 2011

The November figure for Crossland is $5,167,234.
Sometimes big variation with these smaller firms.

chartman · Jan 21, 2011

Quote from futuman:

The November figure for Crossland is $5,167,234.
Sometimes big variation with these smaller firms.

Could be caused by a large turnover of customers. FCM's that are more concerned with revenue than service to customers can have big variations. :mad:

TickSlicer · Jan 21, 2011

Whatever you say chartman.

TickSlicer · Jan 21, 2011

Quote from moarla:

well, on the homepage there is NO adress no impressum, no nothing....
no indications what clearing, what bank,no nothing....

that can be only a deep bullsh.....

All the specific details are there if you just read & click on everything more carefully.

jeb9999 · Jan 21, 2011

Quote from TradeMetal:

I mean RT, so 4000 contracts.

Sure show me a broker who is cheaper.

Talk to Eagle Market Makers, they charge only $0.40 a side plus fees from the first contract.

http://www.eaglemarketmakers.com/uc.htm

jeb9999 · Jan 21, 2011

Quote from Peternam:

Hmm, so there is not 1 futures broker that gives interest on funds held ?

Not at current short term rate levels.

When short term interest rates are at normal levels IB pays tiered interest on cash. At futures only brokers you have to buy T-Bills.

TradeMetal · Jan 22, 2011

Quote from jeb9999:

Talk to Eagle Market Makers, they charge only $0.40 a side plus fees from the first contract.

All rates are negotiable with any broker :-)

Even with Howard from Deepdiscounttrading.com

chartman · Jan 22, 2011

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Quote from jeb9999:

Talk to Eagle Market Makers, they charge only $0.40 a side plus fees from the first contract.

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Quote from TradeMetal:

All rates are negotiable with any broker Even with Howard from Deepdiscounttrading.com

The big difference is Eagle Market Makers is a FCM member of several exchanges and can make their own decision on rates. Howard is a guaranteed IB of a FCM. He cannot do anything without the approval of his FCM.