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Good Futures Brokerage in Canada?


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Good Futures Brokerage in Canada?

  #11 (permalink)
 
jungian's Avatar
 jungian 
Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/ZF
Trading: ES, 6E, CL
Posts: 97 since Aug 2009
Thanks Given: 88
Thanks Received: 270

Thanks Adam for the post...

I did infact notice that TD TOS does not offer futures.

Looks like IB is the logical choice.

Thx
Jungian

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  #12 (permalink)
 
jungian's Avatar
 jungian 
Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/ZF
Trading: ES, 6E, CL
Posts: 97 since Aug 2009
Thanks Given: 88
Thanks Received: 270

As far as RJ Obrien they have similar margins to IB but have very hefty commissions.

In live chat I was quoted at $7.00 R/T for CL, 6E.

Dont quote me on that as being gospel... do your own homework on RJO.

Jungian

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  #13 (permalink)
 olobay 
Montreal
 
Experience: Intermediate
Platform: MultiCharts
Broker: DeepDiscountTrading.com
Trading: CL
Posts: 364 since Jul 2011


I think Open E-Cry also has a brokerage in Canada.

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  #14 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


AdamGG View Post
You can setup an account with TD Waterhouse and thru them you can get an account with TD Waterhouse Think or Swim (TOS). It is somehow affiliated with TD Ameritrade which is owned by TD I believe. You can trade US equities, options, futures, etc. The money transfers are handled thru your TD account.

AdamGG

This must be recent development because I tried to do that with TD last year with no success

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  #15 (permalink)
 
AdamGG's Avatar
 AdamGG 
Windsor Ontario
 
Experience: Beginner
Platform: Ninja
Trading: ES
Posts: 14 since Apr 2012
Thanks Given: 4
Thanks Received: 9


dario1 View Post
This must be recent development because I tried to do that with TD last year with no success

Yeah, I was mistaken..... I think I corrected the issue in an earlier post... anyway, with TD-TOS you can paper trade US Futures but cannot trade live. They don't have any schedule where that might happen. I have since opened an account with IB - they have the best rates it appears and can fund/withdraw with ACH. Checked out R.J. O'Brien but too expensive. Also have a couple US Chicago based. I feel more comfortable spreading it around a bit.

Cheers!

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  #16 (permalink)
 
dario1's Avatar
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012


AdamGG View Post
Yeah, I was mistaken..... I think I corrected the issue in an earlier post... anyway, with TD-TOS you can paper trade US Futures but cannot trade live. They don't have any schedule where that might happen. I have since opened an account with IB - they have the best rates it appears and can fund/withdraw with ACH. Checked out R.J. O'Brien but too expensive. Also have a couple US Chicago based. I feel more comfortable spreading it around a bit.

Cheers!


I’m with Canadian shops only and only with CIPF Members.
D

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  #17 (permalink)
 frosty 
St. John's
 
Experience: Intermediate
Platform: Ninjatrader, IB
Trading: stocks
Posts: 5 since Jul 2010
Thanks Given: 3
Thanks Received: 2

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

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  #18 (permalink)
 
Don Double U's Avatar
 Don Double U 
Canada Eh
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP Futures
Trading: Futures
Posts: 10 since Sep 2012
Thanks Given: 2
Thanks Received: 8

I just started using IB in Canada as I have not found a US broker that does both futures and forex that will take residents of British Columbia.

The data feed that IB provides has several problems that make it very difficult to trade with. Has anyone had a similar experience?

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  #19 (permalink)
 
Cerberus's Avatar
 Cerberus 
Vancouver Canada
 
Experience: Intermediate
Platform: TOS, IB
Trading: es ym etf's
Posts: 35 since Feb 2011
Thanks Given: 24
Thanks Received: 26


Don Double U View Post
I just started using IB in Canada as I have not found a US broker that does both futures and forex that will take residents of British Columbia.

The data feed that IB provides has several problems that make it very difficult to trade with. Has anyone had a similar experience?

What issues do you experience with IB feed? I did not notice anything irregular other than the
occasional 3 second feed disruption. I use IB for many years and no matter what internet service
the feed brown out always happened abt once per 8 hour period.

Finding a US broker that will accept BC traders is a problem, never mind futures and forex. I would
be happy with just a futures broker willing to make an exception.

C

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  #20 (permalink)
 
Don Double U's Avatar
 Don Double U 
Canada Eh
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP Futures
Trading: Futures
Posts: 10 since Sep 2012
Thanks Given: 2
Thanks Received: 8


IB limits the amount of data that you can request in a 5 minute period. The platform as limitations for historical data request and rejects any further requests for 5 minutes. "Pacing Violation" is what the call it. My work around is that when I open NinjaTrader I have to have a workspace with very little in it and then slowly request data (opening market analyzers and charts) until I have enough data to get me going and then gradually request the remainder. I was told that the better option is to buy a separate data feed such as Kinetck.

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