For your information Bob there are 10 provinces in Canada. The ten provinces are Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan. I think RCG accepts Canadian residents from more than the limited list you provided.
I signed up to Mirus ( RCG clearing) a few years ago. From Newfoundland. Never had an issue.
I use both IB and Mirus. Mirus for futures and IB for stocks/options/ forex.
I do use IB as well for futures mostly if I forget to switch my account on Ninjatrader. Lol ( I have multi broker licence )
I haven't had a hitch with IB in abut 5 years. The ease of integration between IB and Ninjatrader is ideal for charting and execution. You can use the charting for free, but you need the licence for execution. WELL worth it though.
Transferring out money from IB to my bank account via EFT is usually about 24 to 48hours MAX which is great.
In regards to earlier comments regarding the high commissions of RJOBrien Canada: call them and you can negotiate your rate as long as you have some volume. If you are brand new to futures and want to stick with a company insured in Canada, IB would be the best choice. For those having issues with data and general charting delays with IB you can try closing your antivirus software while IB is open. Cleaning old JAVA files can help as well...
The following user says Thank You to loonietrader for this post:
Having been burnt my MFGlobal I don't feel safe with USA companies.
I feel better that IB has opened up a Cdn office now.
IB Canada has a feature where your funds are rolled-over internally from your futures to your stock account (same IB account number) at the end of the trade, and in this way you have protection from the (CIPF???) fund for stock accounts.
==========> But you have to activate this!! <================
I think the datafeed is fudged from IB and I have had them fill a trade above the HOD and below the LOD. When questioned they mumbled something about the datafeed that I see isn't the one that they use to verify bad fills and trade errors.
Also they trade against you (take the other side) when they want (called "internalization"_ instead of routing your trade to the exchange. I read this you always loss a tick.
Good trading to everyone.
Last edited by aquarian1; March 11th, 2015 at 09:55 PM.
(BTW MFGlobal said clients funds were segregated as well. It turns out that means segregated into "corzine's off-shore fund" Goddarns incorrectly claimed clients funds on deposit were the firm's assets and subject to their bankruptcy. The judge is a friend of the defense attorney.
Fool me once shame on you - fool me twice shame on me.)
This thread is a year old now. Are there any Canadian traders that can share their current experience with futures brokers? I do have an IB account and am considering linking that to Ninja Trader. I guessing by using a third party feed, I can get around issues with IB data.