Suffering in Canada

I'll back this up.
I have absolutely no complaints about my experience opening my IB Canada account or the service I get. I certainly have more than $5K but have never had 1/4 mil floating around in that account.

Quote from Dr. Fujiwara:

Good news Mr. Plugger. Your 'friend' who gave you the information on IB wanting only large accounts has totally sucked you in and made a complete idiot out of you.

I have many Canadian students who have small IB accounts, less than $5000.

This is wonderful news for you, and next time don't go to someone who is so obviously yanking your chain for your info on IB, just go to IB.
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I would not suggest the offshore method, that is more risk and the account may not be insured under that jurisdiction.

If you want to minimize taxes then you need to form a trust, for that you need expert help. not this chat forum.
 
I am not recommending them but you may want to look into disnat direct. Last time I checked there prices were really compitive. They are part of the DesJardins group that is a psuedo co-operative that reflective the distinct culture of Quebec.
 
Quote from Dr. Fujiwara:

To answer your question I am a maths professor and have limited knowledge of trading, but I am leading some graduate students on a project related to applied math. The idea is to use mathematical principles in the real world in creative ways that are new, and thus worthy of publication. Several students have been assigned to build black box trading machines that not only work in simulator and back test mode, but that really work. Sounds easy for a math phd, but isn't. Two students so far seem to have achieved this, but the test continues. Obviously they need a broker with low costs, wide range, and small 'university research' size accounts. We picked IB Canada. To IB, we are just individuals with small accounts. Our test model calls for us to randomly select three trades a week to actually execute and from this we can extrapolate slippage and other things for paper trades not actually executed.
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Hey Dr. F.

What university are you with? Sounds like some very interesting research you are doing.

mnx
 
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