Interactive Brokers, data feed and fees for Canadian residents
After demo trading for a long time using Ninjatrader, I wanted to open a live emini futures account with a US brokerage but they don't service Canada. I heard IB (Interactive Brokers) services Canada. I believe I can use IB as my broker, Ninjatrader as my charting and execution platform (the free version), but how about the unfiltered tick data feed? I heard the IB has real-time data that is filtered and pretty much useless for tick data charting.
Does this mean I have to get a 3rd party data feed? If so, I'm assuming it will be possible to configure and connect all of these 3 together (IB account, NT platform, Data Feeder)?
As for fees, will it be as follows?
1) IB (Broker) will charge round trip fees per contract + exchange commissions etc.
2) NT (free version), I'm assuming I can use the free version for charting and executing thru NT which will be connected with my broker account
3) Data feed I'm expecting around $50 a month for emini future contract unfiltered data that will be connected with NT for my tick charting
Yup, you will need all three if you want tick-by-tick data; and yes, it works.
ad 1) plus any fee-based IB data that you use
ad 2) for execution via NT-IB you need a live license for at least one broker (IB in your case)
ad 3) with realtime data for a CME non-pro waived package you will start at about 70 USD.
Last edited by choke35; September 9th, 2015 at 04:12 PM.
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