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PFGBest Accounts Frozen (PFG scandal big thread)
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PFGBest Accounts Frozen (PFG scandal big thread)

  #291 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
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aligator's Avatar
 
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olobay View Post
That's why my next futures broker will be in Canada where I am protected by IIROC and CIPF, even though margins and minimum account deposits are higher.

So, who are these players in Canada?

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  #292 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
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Posts: 295 since Nov 2011
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Just got this in my email inbox. Let the feeding frenzy begin lol. At least they didn't bother stating how safe they were.

Are you mining for a new Futures Brokerage Firm? If you are, the Ira Epstein Division of the Linn Group welcomes your account.

If you're reading this, it means that in the recent past you experienced our market research, trading platform(s) and know that we offer one-on-one service to our customers.

Ira Epstein has been a "fixture" in the futures business for over 40-years. The Linn Group, Inc. has been in business for 35 years. The combination is one of stability and market experience.

The closing of Peregrine Futures, PFG Best has provided you with an opportunity to get your account moved to the Ira Epstein Division of the Linn Group. Why not take advantage of it and let us help you move your trading account.

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  #293 (permalink)
Elite Member
Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/ZF
Favorite Futures: ES, 6E, CL
 
jungian's Avatar
 
Posts: 99 since Aug 2009
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OH CANADA, our home and native land :))






You are now chatting with 'RJO Canada Online'
RJO Canada Online: hi
you: Hello, in light of the recent things with PFG best in U.S. I am enquiring re: opening up a futures account w/ a Canadian firm. Is RJ a clearing firm or do they offer their own platform? Do you have any info on day margins? Contract roundtrip fee structure?
you: I am a Canadian citizen.
RJO Canada Online: we have our own trading system
RJO Canada Online: margin is same for day and overnight, 4500 for emini
RJO Canada Online: and round trip commission depends on how much you trade
you: CL, 6E?
you: Less than 200 roundtrips per month
you: margins and roundtrips for CL and 6E I am interested in aswell
RJO Canada Online: $5 a round trip
you: All in? $5?
RJO Canada Online: $5 commission plus exchange fees
you: Margins for CL, ES?
you: sorry 6E I meant not ES
RJO Canada Online: yep euro currency 4725
RJO Canada Online: crude 6210
you: Those are rather hefty margins for intraday. Intraday and overnight are same yes?
RJO Canada Online: yes
RJO Canada Online: correct
RJO Canada Online: with the current situation
you:
you: LOL
RJO Canada Online: canadian regulators are beliving more they are doing the right thing
RJO Canada Online: therefore we have to follow
you: just out of curiosity, what were they pre-MF Global, and before 2009?
you: margins I mean sorry
RJO Canada Online: same
RJO Canada Online: well
RJO Canada Online: canada used to allow intra day half margin untill 2010
RJO Canada Online: thats before mf

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  #294 (permalink)
Elite Member
Ontario
 
Futures Experience: Intermediate
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Broker/Data: Mirus/ZF
Favorite Futures: ES, 6E, CL
 
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PFG Canada

By the way PFG Canada's customers were protected...

ANd RJ OBrien are the ones taking the reins in Canada.....

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  #295 (permalink)
Elite Member
Ontario
 
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Broker/Data: Mirus/ZF
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RJ Obrien Canada

R.J.O'Brien & Associates Canada Inc - Home



And Canada day was just 10 days ago I feel more patriotic than ever.

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  #296 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
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In case you wonder what is going to happen to PFG accounts in Canada.

Client funds safe at PFGBest's Canada unit - regulator | Reuters

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  #297 (permalink)
Elite Member
Montreal
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB Canada/IQFeed
Favorite Futures: TF, CL
 
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aligator View Post
So, who are these players in Canada?

I have only found a few. There is IntereactiveBrokers Canada, RJ OBrien Canada and Union Securities. That's why I started a thread for Canadian futures brokers. IB Canada offers 50% intraday margins instead of 100% like RJOB Canada. Not sure about Union.

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  #298 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
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Posts: 3,424 since Aug 2010
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jungian View Post
R.J.O'Brien & Associates Canada Inc - Home



And Canada day was just 10 days ago I feel more patriotic than ever.

You guys are so polite, nice, have oil, have health care, have insured segregated accounts, have no wars, clean weather, no hurricanes, no heatwave, cozy winters in the bed, rank higher in math and science, and most important have a Queen, and all the you want. . Makes me green, are you guys from this planet?

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  #299 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 300 given, 280 received

Canada's futures Industry and regulator - impressive!

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  #300 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
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TrendTraderBH View Post
Canada's futures Industry and regulator - impressive!

I guess if you like ridiculously high margins. $6210 on CL is kind of pitiful. I would much rather stay in US get better commissions and margins. Then spread risk between brokers and only keep in account what is needed.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; July 11th, 2012 at 07:19 PM.
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