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Broker for British Columbia Residents???


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Broker for British Columbia Residents???

  #1 (permalink)
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
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I live in British Columbia and it seems as though it is hard to find a good broker due to BC's regulatory constraints. Are there any experienced day traders out there who can recommend a broker for a trader of futures commodities in BC? My platform is Ninja Trader. I have invested a lot of money on my computer, lessons, time, office space rental and i am now getting concerned i may not find a broker. Starting to sweat about this. I feel like i have found my calling but seem to have hit a brick wall just when i am starting to feel ready to go live.

Some help, direction would be really really appreciated.

Thanks,

Cisco.

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Cisco View Post
I live in British Columbia and it seems as though it is hard to find a good broker due to BC's regulatory constraints. Are there any experienced day traders out there who can recommend a broker for a trader of futures commodities in BC? My platform is Ninja Trader. I have invested a lot of money on my computer, lessons, time, office space rental and i am now getting concerned i may not find a broker. Starting to sweat about this. I feel like i have found my calling but seem to have hit a brick wall just when i am starting to feel ready to go live.

Some help, direction would be really really appreciated.

Thanks,

Cisco.


I believe Interactive Brokers allows for Canadian accounts.

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  #4 (permalink)
MyTotoro
Vancouver, Canada
 
Posts: 11 since Feb 2012
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I'm in DT Vancouver right now but I'll be going back to Toronto soon, depending on how much capital you have, I know (from the research I've been doing)

Interactive Brokers
Thinkorswim

I'm trying to find out if LCGFX is good or not, but they require 20k

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  #5 (permalink)
 
Lampert's Avatar
 Lampert 
Calgary, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: IB, IQFeed
Trading: GC
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Cisco - In Alberta, I use OptionsXpress Canada and Interactive Brokers. From what I can tell, you should be able to use either broker in BC.

I am a little concerned about OptionsXpress Canada because they use Penson Financial Services as a clearing broker. The parent company Penson Worldwide is facing serious legal action and bankruptcy.

I am quite happy with Interactive Brokers, especially the low commissions. I use both live and paper trading accounts. I have not had a problem with autotrading at IB.


Len

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  #6 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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We allow all Canadian provinces but not BC and ON

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #7 (permalink)
Ktsr
Toronto/Canada
 
Posts: 2 since Apr 2012
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RJ O'Brien in Canada can help with BC residents. They have Most trading platforms.

Rjobrien.ca

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  #8 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
Posts: 1,091 since May 2010

Interactive Brokers is pretty awesome, got everything, and you can backend it with Ninjatrader. You also get the Canada Investor Protection coverage for your first Million if IB goes under. Absolutely your best bet IMO. But, if you want the super low day trading margins and span margining this you won't get. I have had accounts with Dorman Direct and Advantage while residing in BC, though I think I opened both from Ontario, can't remember. Advantage rules. Dorman is good too. My Xtrader connection with Advantage was absolutely wiked fast. IB though, that's the best way to go. They aren't going under and if they do use the customer funds you are covered... In the case of MF Global no Canucks lost any part of their first Mill.. and where is Corzine now? Weird how that just went away...

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Last Updated on April 15, 2012


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