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Broker that accept Canadians / SPAN margin


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  #1 (permalink)
Pirolyx
Montreal quebec
 
Posts: 19 since Oct 2016
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Hi,
I live in Quebec/Canada and I'm currently trading futures options with IB. They have a good service and pretty nice commissions however their margin requirement for futures options is very high.

Here's what I'm looking for:

- I'm from Quebec so the broker must accept canadians
- I only trade short futures options
- SPAN margin, or atleast a low margin requirement for options selling
- Reasonable commissions

I've already contacted RJ O'Brian and their commissions are way too high (about 25$ per leg) a single option transaction would cost me at least 100$.

Thanks in advance.


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  #3 (permalink)
 
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 TradingTech 
Chicago, IL
 
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Hello @Pirolyx. Try @mattz of Optimus Futures.


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  #4 (permalink)
 
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 mattz   is a Vendor
 
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TradingTech View Post
Hello @Pirolyx. Try @mattz of Optimus Futures.

Thank you for the referral and would be glad to help, but Option sellers from Quebec/Canada may be required by most FCMs to have above average account size especially for naked options positions.
For directional trading futures contracts we can accommodate most CAD provinces.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.


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.
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Last Updated on October 27, 2016


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