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Canadian Futures Day traders - Superficial loss rules
Updated April 1, 2021
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Canadian Futures Day traders - Superficial loss rules
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#1 (permalink )
Ottawa
Experience: Intermediate
Platform: Tradestation, TWS
Broker: Tradestation, IB
Trading: MES, MNQ, RTY, etc
Posts: 23 since Oct 2016
Thanks: 19 given,
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Does anyone from Canada can tell me if the superficial loss rules apply to Index futures? such as ES, NQ, MES and MNQ, etc or CL, GC?
I understand that for equity, stocks, superficial loss rules is applied, but cannot find if it is applicable to futures
Thanks,
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#2 (permalink )
Montreal
Posts: 1 since Mar 2021
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Nope, never heard of that.
If there are specific acct circuit breakers in place, those would be at the broker level, not exchange or gov't.
Looks like you are using IB so best read up on their rules.
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#3 (permalink )
Ottawa
Experience: Intermediate
Platform: Tradestation, TWS
Broker: Tradestation, IB
Trading: MES, MNQ, RTY, etc
Posts: 23 since Oct 2016
Thanks: 19 given,
11
received
This is similar to wash sale rule in the US. In Canada, superficial loss rule is applicable when you buy and sell stock in 30 days, but I do not know if it is applicable to futures.
It is not related to broker
MTL Finest
Nope, never heard of that.
If there are specific acct
circuit breakers in place, those would be at the broker level, not exchange or gov't.
Looks like you are using IB so best read up on their rules.
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