Southern Ontario/Toronto area Futures traders

It depends on which broker you deal with at Refco. There's a new broker in T.O. just looking after the online clients and she charges $10.00 R.T. plus fees, no matter what the volume of trades. I trade futures. E-mini S&P & T-Bonds.
 
Quote from Momento:

About the IB technical support problem... How often does it happen? I am planning to switch from TradeFreedom to IB now that i found out the commission rate differences!!! And plus.. i have been encountering some execution problems myself with the Direx II platform... and frankly despite their support and honesty, the clitch is still not fixed.

about the CSC? Don't bother doing it unless you are planning to work as a broker...

Anyone here trades any of the Canadian Prop programs here?
like Quest? or Swift? .. etc? I want to know a little more about their pros and cons.

Keep this good thread going
:p
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I've been with IB for 7 months now and have yet to phone in an order. There were some problems back in aug/sept but they since have been solved. I can't remember the last time TWS was down since then.

IB Advantages:

rock bottom commissions

universal account to trade stocks futures options in
multi currency

access to all electronic markets

cutting edge trading platform constantly updated with new features

fully automated account opening and management

same day wire transfer ins

free sameday wire transfer outs

low low margin rates

daytrading margins

lots of feedback forums, polls, communiques.

IB is a BIG company with vast financial resources. Tradefreedom , Questrade are small boutiques offer private label software platforms of larger U.S. daytrading firms.

With IB though you dont get a full blown quote system so you'll need to subscribe to one seperately such as ESignal , Real Tick etc. The ton of $ you will save in commission will more than pay for the quote system though.
 
Quote from over_invested:


see:
http://www.csta.org/events/calendar-toronto.html#january22
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Mark Bennett of Interactive Brokers will be talking about:

- their unique order entry systems
- how it interacts with automated software platforms
- the regulatory environment surrounding their business
- the evolution of trading platforms
- the direction of thier company

But strangely there is no consideration seems to be given from IB to support RRSP accounts ...
 
Quote from traderNik:


trader42, Canadian regulators fined US firms which offered brokerage services to Canadians.
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thx. I recall this. I got the impression that people were interested working in the US with Canadian qualifications.
 
Quote from trader42:



What are these obvious reasons being please?
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The obvious reason I was referring to was a work visa. A prop firm such as Heartland or ETG is not going to want to go through the hassle (let alone the expense) of getting an incoming Canadian trader a work visa when they can find an American with the same skills.
 
Quote from axehawk:



The obvious reason I was referring to was a work visa. A prop firm such as Heartland or ETG is not going to want to go through the hassle (let alone the expense) of getting an incoming Canadian trader a work visa when they can find an American with the same skills.
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whoops!!

Really should have read the original post - sorry 'bout the confusion

axehawk, do you want to work for a large institution, and if not, have you looked into trading through a prop firm in Canada? Bright apparently runs an operation in B.C.
 
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