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They accept Ontario customers. Using them is pretty much a borderless issue for me; it's a little tricky wiring your 1st deposit, if it is in CAD and you want to keep your capital in CAD. (there's a intermediary bank involved in the wiring.) On Mirus, I think they accept Ontario customers.
My understanding is that Mirus only takes clients from Alberta, Ontario, and Nova Scotia through the Rosenthal Collins Group. If anyone knows differently please let me know.
So out of the three (IB, Mirus and AMP), any major differences?
I am trying to get into futures and looking for a broker. Probably will be using NinjaTrader.
IB filters their price feed, so using volume ladders (GOM), wouldn't provide you the full picture. Amp has free CQG, which has it's historical data coming from the NT folks (their servers), hence it is quasi-CQG. They've been hiccupping a little much lately, but they say there's an API fix that should better things; I have seen no downtime that I am aware of, in the last few weeks. I think Zenfire is free via Amp as well; except for a $25/month inactivity fee. I don't know about Mirus datafeed costing or what options they offer, but both Mirus and Amp offer NT as a supported platform. (With IB, there are some further oddities I believe, when it comes to historical data via NT7)
Thanks for the info!
Are there any legal issues when you use US broker? I mean will the money be safe with them?
I've used Questrade for some time for stocks and options, never worried much because they are local.
There's certainly no Canadian based legal issues. In terms of safety ... hmmm ... none of them have any sort of principle protection I believe; Amp has issued a few statements on funds segregation and the fact that no in-house trading of any type occurs. Depending on your perspective, PFG had all sorts of "we are great" marketing too. Separately, there's a thread around here where all futures brokers were ranked by a 3rd party entity on various business aspects, and, Amp did reasonably well; not sure about others, although Mirus has a huge amount of respect too; check their respective threads.
>I use IB for futures. Trading through NinjaTrader. Been very pleased with the setup for the past few years.
>IB is great for stocks and options. Commissions are good for both.
>I have a Mirus account for futures as well. Commissions and margins much better there for futures vs IB.
>Only wish IB had RRSP or TFSA
I did have an account with AMP but had to transfer funds thru JPM in London (you know, where the laws are loose...), didn't feel too comfortable about that. Got an account for future/stock/option threading with IB and can transfer direct from my Canadian bank account... Commissions aren't too bad and haven't had any problems to date. I use N7 as execution thru IB with a Zenfire feed that I have with another broker. I don't use the IB feed and it works fine.
Customers of Mirus are currently able to open account through either of our clearing firms - Dorman Trading or Rosenthal Collins Group (RCG). Dorman accepts Canadian residents from Ontario, RCG accepts Canadian residents from Ontario and Alberta. You can find the application form for either firm on our site.
Never hesitate to reach out to one of our New Accounts or Customer Service Reps who can answer additional questions about what Mirus has to offer!info@mirusfutures.com 800-496-1683
If you have any questions about Mirus Futures please send me a Private Message.
