Looking for a Canadian broker to assist with selling options on commodity futures - futures io
futures io futures trading



Looking for a Canadian broker to assist with selling options on commodity futures


Discussion in Commodities

Updated by aquarian1
      Top Posters
    1. looks_one spoolmak with 3 posts (0 thanks)
    2. looks_two aquarian1 with 2 posts (1 thanks)
    3. looks_3 Japhro with 2 posts (0 thanks)
    4. looks_4 RossMurray with 1 posts (0 thanks)
    1. trending_up 1,104 views
    2. thumb_up 1 thanks given
    3. group 5 followers
    1. forum 9 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Looking for a Canadian broker to assist with selling options on commodity futures

(login for full post details)
  #1 (permalink)
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
 
spoolmak's Avatar
 
Posts: 8 since Dec 2017
Thanks: 3 given, 3 received

I'm looking for a Canadian broker to assist with selling options on futures. I've inquired with an RBC office in Edmonton and they want a minimum deposit of $70K to begin trading. Anyone have any ideas? I've seen some negative feedback about Interactive Brokers, so am reluctant to make an inquiry there. I have an email in to RJ O'Brian. Anyone have any feedback on them?

Reply With Quote

Can you help answer these questions
from other members on futures io?
IB Bracker Order
Platforms and Indicators
Stacked Imbalances.
Sierra Chart
DLL with webrequest function for MC
MultiCharts
Where is the link to download GomiRecorder?
NinjaTrader
T​​​​​​radestation datafeed (real time and historical) to NT8
NinjaTrader
 
 
(login for full post details)
  #3 (permalink)
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
 
Posts: 34 since Nov 2017
Thanks: 25 given, 9 received


Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
 
spoolmak's Avatar
 
Posts: 8 since Dec 2017
Thanks: 3 given, 3 received


bulge View Post
Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

Hi Bulge. I checked with a Canadian office of TD Ameritrade, and all they'll trade options on in Canada is stocks; they won't do options on commodities. In the meantime, I've discovered that Cannon Trading out of Beverly Hills can help, regardless of the challenges with Canadian rules/regulations. Thanks for your response!

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Canada
 
Experience: Advanced
Platform: Sierra, Jigsaw
Broker: AMP/Rithmic
Trading: NQ, ES, ES Options, VX, MNQ, MES
 
Posts: 208 since Aug 2013
Thanks: 31 given, 191 received

realistically, IB is probably your best option

You might be able to open an account with a US based futures broker, depending on what province you are located in and for selling futures options then I would recommend one of the CQG platforms like Qtrader

Reply With Quote
 
(login for full post details)
  #6 (permalink)
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
 
spoolmak's Avatar
 
Posts: 8 since Dec 2017
Thanks: 3 given, 3 received


Japhro View Post
realistically, IB is probably your best option

You might be able to open an account with a US based futures broker, depending on what province you are located in and for selling futures options then I would recommend one of the CQG platforms like Qtrader

Hi. I've heard some quite negative things about IB, so have been reluctant to look at them as a broker. I've been able to get in touch with Cannon Trading, and it looks like I'm going to be able to work with them. Thanks very much for getting back to me!

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Canada
 
Experience: Advanced
Platform: Sierra, Jigsaw
Broker: AMP/Rithmic
Trading: NQ, ES, ES Options, VX, MNQ, MES
 
Posts: 208 since Aug 2013
Thanks: 31 given, 191 received

Just curious what you heard. I had an IB account for about 4 years and never had any issues with them. The platform isn't great but you can use a lot of other platforms to chart along with IB execution

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Ottawa Canada
 
Experience: Advanced
Platform: nt8,tws
Broker: Interactive Brokers, CME EQUOTES
Trading: YM,ES
 
RossMurray's Avatar
 
Posts: 5 since Jul 2017
Thanks: 48 given, 21 received

I have had an account with them for 12 plus years , never have had any issues with them. Although I focus on index futures, I have traded options with them and they clear most of the time in seconds.
Other than your account must be property funded and margins within exchange minimumsthe platform works great!!!

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,871 since Dec 2010
Thanks: 1,472 given, 2,480 received

I've had an account with IB for many years - I really hate them.

Wear a mask, mandate others to wear masks, & remember that @WHO is criminally incompetent. To repeat:@WHO is criminally incompetent. Nassim Nicholas Taleb (@nntaleb) March 31, 2020
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 3,871 since Dec 2010
Thanks: 1,472 given, 2,480 received



bulge View Post
Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

You can't use TD Ameritrade if you are in Canada - you have to use TD Waterhouse and it doesn't let you trade commodities.

Wear a mask, mandate others to wear masks, & remember that @WHO is criminally incompetent. To repeat:@WHO is criminally incompetent. Nassim Nicholas Taleb (@nntaleb) March 31, 2020
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:


futures io Trading Community Traders Hideout Commodities > Looking for a Canadian broker to assist with selling options on commodity futures


January 1, 2018


Upcoming Webinars and Events
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts