Broker that accept Canadians / SPAN margin

October 17th, 2016, 04:49 PM

Hi,
I live in Quebec/Canada and I'm currently trading futures options with IB. They have a good service and pretty nice commissions however their margin requirement for futures options is very high.

Here's what I'm looking for:

- I'm from Quebec so the broker must accept canadians
- I only trade short futures options
- SPAN margin, or atleast a low margin requirement for options selling
- Reasonable commissions

I've already contacted RJ O'Brian and their commissions are way too high (about 25$ per leg) a single option transaction would cost me at least 100$.

Thanks in advance.

October 27th, 2016, 12:12 PM

Hello @Pirolyx. Try @mattz of Optimus Futures.

mattz · October 27th, 2016, 12:58 PM

TradingTech

Hello @Pirolyx. Try @mattz of Optimus Futures.

Thank you for the referral and would be glad to help, but Option sellers from Quebec/Canada may be required by most FCMs to have above average account size especially for naked options positions.
For directional trading futures contracts we can accommodate most CAD provinces.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Broker that accept Canadians / SPAN margin

Discussion in Brokers

Broker that accept Canadians / SPAN margin