Just got this in my email inbox. Let the feeding frenzy begin lol. At least they didn't bother stating how safe they were.
Are you mining for a new Futures Brokerage Firm? If you are, the Ira Epstein Division of the Linn Group welcomes your account.
If you're reading this, it means that in the recent past you experienced our market research, trading platform(s) and know that we offer one-on-one service to our customers.
Ira Epstein has been a "fixture" in the futures business for over 40-years. The Linn Group, Inc. has been in business for 35 years. The combination is one of stability and market experience.
The closing of Peregrine Futures, PFG Best has provided you with an opportunity to get your account moved to the Ira Epstein Division of the Linn Group. Why not take advantage of it and let us help you move your trading account.
You are now chatting with 'RJO Canada Online'
RJO Canada Online: hi
you: Hello, in light of the recent things with PFG best in U.S. I am enquiring re: opening up a futures account w/ a Canadian firm. Is RJ a clearing firm or do they offer their own platform? Do you have any info on day margins? Contract roundtrip fee structure?
you: I am a Canadian citizen.
RJO Canada Online: we have our own trading system
RJO Canada Online: margin is same for day and overnight, 4500 for emini
RJO Canada Online: and round trip commission depends on how much you trade
you: CL, 6E?
you: Less than 200 roundtrips per month
you: margins and roundtrips for CL and 6E I am interested in aswell
RJO Canada Online: $5 a round trip
you: All in? $5?
RJO Canada Online: $5 commission plus exchange fees
you: Margins for CL, ES?
you: sorry 6E I meant not ES
RJO Canada Online: yep euro currency 4725
RJO Canada Online: crude 6210
you: Those are rather hefty margins for intraday. Intraday and overnight are same yes?
RJO Canada Online: yes
RJO Canada Online: correct
RJO Canada Online: with the current situation
RJO Canada Online: canadian regulators are beliving more they are doing the right thing
RJO Canada Online: therefore we have to follow
you: just out of curiosity, what were they pre-MF Global, and before 2009?
you: margins I mean sorry
RJO Canada Online: same
RJO Canada Online: well
RJO Canada Online: canada used to allow intra day half margin untill 2010
RJO Canada Online: thats before mf
The following user says Thank You to jungian for this post:
I have only found a few. There is IntereactiveBrokers Canada, RJ OBrien Canada and Union Securities. That's why I started a thread for Canadian futures brokers. IB Canada offers 50% intraday margins instead of 100% like RJOB Canada. Not sure about Union.
The following user says Thank You to olobay for this post:
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
Posts: 3,424 since Aug 2010
Thanks: 1,052 given,
Forum Reputation: Legendary
You guys are so polite, nice, have oil, have health care, have insured segregated accounts, have no wars, clean weather, no hurricanes, no heatwave, cozy winters in the bed, rank higher in math and science, and most important have a Queen, and all the you want. . Makes me green, are you guys from this planet?
The following 2 users say Thank You to aligator for this post:
I guess if you like ridiculously high margins. $6210 on CL is kind of pitiful. I would much rather stay in US get better commissions and margins. Then spread risk between brokers and only keep in account what is needed.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Last edited by liquidcci; July 11th, 2012 at 06:19 PM.