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Can Canadians open accounts at US retail firms?
- Thread starter bonds
- Start date
short answer is: you can't
Thank the "blue sky" law for that. US brokers got to have a Canadian registration. The only 2 that I am aware of are Optionsxpress and IB
Thank the "blue sky" law for that. US brokers got to have a Canadian registration. The only 2 that I am aware of are Optionsxpress and IB
Quote from heiasafari:
short answer is: you can't
Thank the "blue sky" law for that. US brokers got to have a Canadian registration. The only 2 that I am aware of are Optionsxpress and IB
No, it is illegal under Canadian law since circa 2002.
But there is a simple way around it...
Form a US or offshore corporation...
And you'll need a decent accounting firm...
To manage all your tax filings...
So it's not trivial.
Quote from david brewster:
Any suggestions of good future-brokers for Canadians. I'm interested in trading E-mini products and Energy futures (CL an NG). Thanks
http://www.interactivebrokers.ca/en/main.php
IB has gone to great pains to be registered in Canada. So you might as well enjoy it. I know I do.
Quote from heiasafari:
short answer is: you can't
Thank the "blue sky" law for that. US brokers got to have a Canadian registration. The only 2 that I am aware of are Optionsxpress and IB
Besides the two, there is Lind Waldock: http://www.lind-waldock.ca/
and MF Global: http://www.mfglobal.ca/index.html
There is also one British CFD broker registered in Canada, CMC Markets: http://www.cmcmarkets.ca/
Quote from Cdntrader:
http://www.interactivebrokers.ca/en/main.php
IB has gone to great pains to be registered in Canada. So you might as well enjoy it. I know I do.
This is something new.
How can I contact the good IB folks in Canada?