NexusFi: Find Your Edge


Home Menu

 





Looking for a Canadian broker to assist with selling options on commodity futures


Discussion in Commodities

Updated
      Top Posters
    1. looks_one spoolmak with 3 posts (0 thanks)
    2. looks_two Japhro with 2 posts (0 thanks)
    3. looks_3 aquarian1 with 2 posts (1 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 1,722 views
    2. thumb_up 1 thanks given
    3. group 5 followers
    1. forum 9 posts
    2. attach_file 0 attachments




 
Search this Thread

Looking for a Canadian broker to assist with selling options on commodity futures

(login for full post details)
  #1 (permalink)
 
spoolmak's Avatar
 spoolmak 
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
Posts: 8 since Dec 2017
Thanks Given: 3
Thanks Received: 3

I'm looking for a Canadian broker to assist with selling options on futures. I've inquired with an RBC office in Edmonton and they want a minimum deposit of $70K to begin trading. Anyone have any ideas? I've seen some negative feedback about Interactive Brokers, so am reluctant to make an inquiry there. I have an email in to RJ O'Brian. Anyone have any feedback on them?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ISO Equity Curve Indicator
NinjaTrader
Trader Dale [email protected] or Scammer Dale
Trading Reviews and Vendors
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Volume profile TradeStation
EasyLanguage Programming
Request for MACD with option to use different MAs for fa …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
GFIs1 1 DAX trade per day journal
28 thanks
Supertradersams Thread Journal on NQ/MNQ
26 thanks
Tao te Trade: way of the WLD
24 thanks
Just another trading journal: PA, Wyckoff & Trends
12 thanks
Deaddogs Stock Trading
11 thanks

(login for full post details)
  #3 (permalink)
 bulge 
Dayton, Ohio
 
Experience: Beginner
Platform: TOS
Trading: GC, CL, Eurodollar
Posts: 34 since Nov 2017
Thanks Given: 25
Thanks Received: 9


Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

Reply With Quote
(login for full post details)
  #4 (permalink)
 
spoolmak's Avatar
 spoolmak 
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
Posts: 8 since Dec 2017
Thanks Given: 3
Thanks Received: 3


bulge View Post
Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

Hi Bulge. I checked with a Canadian office of TD Ameritrade, and all they'll trade options on in Canada is stocks; they won't do options on commodities. In the meantime, I've discovered that Cannon Trading out of Beverly Hills can help, regardless of the challenges with Canadian rules/regulations. Thanks for your response!

Started this thread Reply With Quote
(login for full post details)
  #5 (permalink)
 Japhro 
Canada
 
Experience: Advanced
Platform: Sierra
Broker: AMP/Rithmic
Trading: NQ, ES, YM, UB
Posts: 213 since Aug 2013
Thanks Given: 33
Thanks Received: 195

realistically, IB is probably your best option

You might be able to open an account with a US based futures broker, depending on what province you are located in and for selling futures options then I would recommend one of the CQG platforms like Qtrader

Reply With Quote
(login for full post details)
  #6 (permalink)
 
spoolmak's Avatar
 spoolmak 
Kamloops, BC
 
Experience: Beginner
Platform: QTrader
Broker: Cannon Trading
Trading: Commodities
Posts: 8 since Dec 2017
Thanks Given: 3
Thanks Received: 3


Japhro View Post
realistically, IB is probably your best option

You might be able to open an account with a US based futures broker, depending on what province you are located in and for selling futures options then I would recommend one of the CQG platforms like Qtrader

Hi. I've heard some quite negative things about IB, so have been reluctant to look at them as a broker. I've been able to get in touch with Cannon Trading, and it looks like I'm going to be able to work with them. Thanks very much for getting back to me!

Started this thread Reply With Quote
(login for full post details)
  #7 (permalink)
 Japhro 
Canada
 
Experience: Advanced
Platform: Sierra
Broker: AMP/Rithmic
Trading: NQ, ES, YM, UB
Posts: 213 since Aug 2013
Thanks Given: 33
Thanks Received: 195

Just curious what you heard. I had an IB account for about 4 years and never had any issues with them. The platform isn't great but you can use a lot of other platforms to chart along with IB execution

Reply With Quote
(login for full post details)
  #8 (permalink)
 
RossMurray's Avatar
 RossMurray 
Ottawa Canada
 
Experience: Advanced
Platform: nt8,tws
Broker: Interactive Brokers, CME EQUOTES
Trading: YM,ES
Posts: 13 since Jul 2017
Thanks Given: 105
Thanks Received: 45

I have had an account with them for 12 plus years , never have had any issues with them. Although I focus on index futures, I have traded options with them and they clear most of the time in seconds.
Other than your account must be property funded and margins within exchange minimumsthe platform works great!!!

Reply With Quote
(login for full post details)
  #9 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

I've had an account with IB for many years - I really hate them.

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #10 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593



bulge View Post
Although they're not the cheapest place around (though they will adjust commission rates based on trading levels), what about Canada's own - TD Ameritrade?

You can't use TD Ameritrade if you are in Canada - you have to use TD Waterhouse and it doesn't let you trade commodities.

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to aquarian1 for this post:





Last Updated on January 1, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts