Hi guys,
As a newbie futures trader in Canada (Toronto, ON) -- I've come to the conclusion that there isn't much info out for us canucks.
There are some old threads on futures.io but some date back to 2004 or so.
If you are a Canadian futures trader (ES, CL, etc), could you help chime in and answer the following questions for myself and any future traders?
1) What broker do you use?
2) What platform do you use for charting? Trade execution?
3) How do taxes work on futures trading profits and losses with the CRA?
4) ANY useful info/insight/resources pertaining to futures trading for Canadian citizens you would like to share?
My contribution: based on scouring through old threads and of course google... one way to get tick data based charts it seems for Canadians:
Ninjatrader 8 + IB (broker) + Kinetick.
You connect both IB and Kinetick to NT8 and can access tick based charts, using their superdom to send trade execution to your trading account at IB.
The only downside is that the margin on IB is quite high (basically 4-5k CAD per
contract). For newbie traders who've gotten comfortable with sim, I would only do 1-3
contracts max to start in live trading... which is a 20k account if you include buffer to prevent margin calls.