Dorman Trading futures Broker review

Dorman Trading user-ratings: $3000
10/10
10 of 10 points 1 reviews
  • Asset varierity - 10/10
    10/10
  • Trading platform - 10/10
    10/10
  • Support - 10/10
    10/10
  • Fees - 10/10
    10/10
  • Deposit/Withdrawal - 10/10
    10/10

Facts about the company:

  • Type: Futures Broker
  • Regulation: NFA (US) 
  • Minimum deposit: $3000
  • Demo account: not available
  • Markets: Futures and Options
10/10
Comments Rating 10/10 (1 review)

Pros

  • Compatibility with many Brokers 
  • Trustworthy Online Broker
  • Commissions from $0.49 with TF4L
  • Access to leading platforms 
  • Regulated by the NFA

Cons

  • Not many information available about customer service 

About Dorman Trading

Dorman Trading is one of the oldest family-run futures brokers in the world and was founded in 1956 by Bernard Dorman. The founder was a commodity trader on the Chicago Board of Trade (CBOT). Two generations of Dorman family members are still involved in the day-to-day running and management of the company.

Screenshot of the Dorman Trading landing page

Dorman Trading is registered with the National Futures Association and the Commodity Futures Trading Commission.

introducing broker

The service is the same for all customer groups. All traders benefit from the many years of experience and the fast execution speed. However, there are differences in terms of commission, so that traders with a high volume receive special discounts from the commission.

Algo traders, for example, benefit from the trading servers, which are located directly in the CME data center in Aurora. Dorman is also compatible with many platforms that are specifically designed for algo traders.

Which markets are tradable?

At Dorman Futures only futures are tradable as the broker specializes in trading futures. Dorman Futures gives traders access to the CME Group markets (including CME, CBOT, NYMEX, COMEX) and the Eurex exchanges.

The following futures are tradable:

  • Currencies
  • Energy
  • Interest
  • Share indices
  • Metals
  • Raw materials

What platforms are there?

There are a variety of trading platforms available. In addition to our own platform Dorman Direct, there are also other trading platforms.

Currently the following platforms are available:

  • Advanced TS
  • Barchart Trader
  • Collective2
  • CQG
  • Dorman Direct
  • eSignal
  • HFT Technologies
  • iBroker
  • InsideEDGE
  • ISystems
  • MarketDelta
  • MotivesWave
  • MTPredictor
  • MultiCharts
  • charts
  • ProOpticus
  • QST
  • RTrader
  • RTrader Pro
  • Sierra Charts
  • striker securities
  • trader navigator
  • TradingView
  • TransAct
  • TradingTechnologies
  • VELA
  • Volfix

What is Dorman Direct?

Dorman Trading is the own platform. This platform is also called T4. The platform has among others the following features:

  • T4 Sniper – the creation of user-defined spreads
  • Options Pro – Advanced option functions, such as heat map, etc.
  • Order Templates – Create templates for orders and automate entry and exit
  • Spread Matrix – Overview of Calendar Spreads, Butterflies, and Condor Strategies
  • Your own app: With your own app you are always up to date even when you are on the move

Can Dorman Trading also be used with NinjaTrader?

Dorman Trading Direkt does not offer the NinjaTrader as a trading platform. But NinjaTrader is available with NinjaBrokerage. NinjaBrokerage is among others an Introducing Broker of Dorman Trading so that it is possible to combine Dorman Trading and the platform NinjaTrader.

What is Systems Trading?

Dorman Trading offers various automated trading systems. Currently, there are over 1,750 trading systems available. These are used to automatically generate buy and sell signals which can be executed in automated and real-time.

These are offered with the following partners:

  • Striker Securities
  • iSystems
  • Collective2

With the different partners, you can see the respective systems with the most important key figures, such as profit factor, drawdown, trading markets, capital requirements, return on investment, etc. So every trader can choose the system that suits him or her best. The advantage of the systems is that the whole process is completely automated and the trader can earn money passively. The trades are still implemented by Dorman Trading so that you still have a reliable broker at your side.

Dorman Trading Collective 2

Is there a training area?

At Dorman Trading there is also a training area. Here the most important terms for trading futures are explained. Regular market reports are also provided as well as a calendar and quotes and charts.

Under the heading “Quotes and Charts” you can look at different markets and sort them by change and volume.

The respective contact specifications can also be viewed. In addition to the symbol, the name, stock exchange, trading hours, as well as the trading month, contract size and point value are displayed here.

The market calendar gives an overview of the upcoming dates relevant for futures traders.

How is the customer support?

The customer support is competent and easy to reach and can be contacted by live mail or phone. Also the customer service is usually easily accessible and questions are answered competently.

Support available:no information
Telephone:1-800-552-7007
Adress:contact form on the website
Languages:1

How do I open a real money account?

Opening an account is quick and uncomplicated. After selecting the “Open Account” button, simply enter your personal data. The whole process takes less than ten minutes.

How much are the margins?

Margins are higher compared to other US brokers.

  • The initial margin for the E-Mini S&P 500 is $13,200.
  • For the Mini Dax, it is $11,000
  • For the Euro FX the margin is $2,365

The ICE US Mini-Metals are also offered. Here the margin is significantly smaller than for the large contracts. The Mini Gold Future currently has a margin of $1,650 compared to the regular Gold Future, which has a margin requirement of $10,000. The Mini Silver Future is also tradable.

Conclusion

Dorman Trading is one of the oldest brokers in the world. Due to its financial stability and the fact that this is a family-run broker, it is one of the most serious brokers.

If you like to use the NinjaTrader platform and still want to use Dorman as your broker, you can open an account with NinjaBrokerage and choose Dorman Trading as your broker. For futures traders, Dorman is therefore perfectly suitable. Also for Algo Trader Dorman offers excellent technology.

There is a wide choice of trading platforms and the fees are competitive. Since the margins are a bit higher compared to the competition and the training area is very manageable, Dorman is mainly used by more professional traders. The customer service is easy to reach and competent. The trading systems offered, which are made available through cooperation with other providers, are also interesting.


Most asked questions:

Which Customer Groups Are There At Dorman Trading?

Dorman Trading distinguishes its customers in the following groups: Professional, CTA/Funds, Algo Trader, Individual, and Institutional.

What Is Your Experience With Dorman Trading?

The experience with Dorman Trading is very good. Especially the favorable conditions, the many years of experience in the market, and the variety of available trading platforms are very popular. In addition, the process of opening an account is also straightforward and easy to understand.

With Which Trading Platforms is dorman trading compatible?

Trading Futures with the Dorman Trading Online Broker is possible with many providers like ATAS, Collective 2, Dorman Direct, CQG, iBroker, iSystems, and many more.

What trading Resources are available?

Dorman Tradings offers a lot of trading resources for traders even though the only broker is normally used by professional traders. Charts, Analyzes, an economic calendar, trading lessons, and many more are offered.

One Response

  1. Andre Witzel September 13, 2020

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