Then why don't you just happily trade with him, suck him off, and give it a rest. If someone wants to trust their money with a company that can't afford to spend more than 9.99 a month for their website, then good luck to them. I would never be so foolish as to send this guy money.
Hey Joe cocksucker, this thread is about deepdiscounttrading.com, why don't you just stop clicking on threads you don't like. It works like this : You see something you want to discuss: You click on it. You see something you don't want to read or discuss, you don't click on it. Glad I could help, you idiot.
If you don't like their website, then that is your personal opinion. I personally think that it is very Unique & Honest. Also, you are not sending your money to that "guy". You are sending your money to a Customer Segregated Bank Account separate from the Clearing Firm required by Regulations. DDT & their FCM are totally reputable.
So, you're saying I'm better off just to trust this guy because it would be quite hard to fraud me out of my money anyway, than I would be at IB? Come on, commissions are not that high at IB anyway. But, I'll repeat this again. If you have a small account and are just trying this trading thing out, you don't have much to worry about, and you wouldn't have enough for the minimum for IB anyway. But if you have a large amount of money, you'd be insane to use this guy.
Rates are much higher at IB & they offer no platform choices. But if u r happy there, then thats all that matters.
Seriously? You have no clue how the CFTC/NFA are setup. Money here is as safe as it is with any company since they are all insured. DDT is awesome if you ask me. Nobody beats Howard, nobody.
I presented Howard with the same comments as yours, and this was his response : We decided to keep our informational website simple for Compatibility reasons. Since we are doing business Worldwide, alot of Traders are using a combination of different computer operating systems along with different browsers which can create many complications when viewing our website. So by maintaining a simple website, we were able to achieve viewing compatibility for all Traders worldwide. Also, we fully state our commission rates, platform fees, & margin amounts which most brokerages are not willing to do. Please click on the following link & scroll down to learn about the safety of your money : http://www.deepdiscounttrading.com/TradingFirm.html
When dealing with an introducing broker your counter party is always the clearing firm behind him ... in this case Crossland. That is where your funds are wired and that is the firm responsible for segregation -- a more complicated issue than it appears on first glance -- and that is where your investigation of solvency should begin and end. That said, Howard is a good guy and the firms service -- DeepDiscount/Crossland -- is superb. Try 'em ... you'll like 'em. BTW ... I spent many years in the direct marketing business and, with a partner owned three brokerage firms (US, UK & Switzerland). I never confuse presentation with substance. Howard is a helpful guy who is for real backed up by a small but competent clearer.
hey, don't IB (interactive brokers i assume) trade against their clients' positions? also don't they hold stop orders on their server in Chicago, which makes for bad stop fills?
I also use IB and, on my cash balance (not futures margin), I have the comfort of the sweep to an SIPC insured account. There is clearly value in that. I also use DeepDiscount/Crossland where I keep much smaller balances, have very low margin requirements and get great personal service from Howard. Twenty years ago I negotiated an excess line insurance policy for a very substantial individual trader who was moving thirty million dollars to a major brokerage firm. I insisted that the broker pay the premium, that the policy be limited to my client's account and that he be named as additionally insured. While I have not looked into it (I have less than the SIPC max at IB) I am reasonably certain that their $25,000,000 policy if it covers segregated futures funds at all is for the entire segregated account, is not specific to your funds and you are not named as additionally insured. In a nutshell that blanket policy might (and I stress MIGHT) net you ten, twenty or fifty thousand dollars (or less) if you are forced to rely on its coverage. If you are counting on that policy you need to educate yourself on the details (and I mean every last detail) of the coverage they have purchased. You might be shocked as to its actual value to you!!