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Best Tradestation Alternatives For Canadians?


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  #1 (permalink)
 smarttrades101 
Burlington, ON
 
Experience: Beginner
Platform: think or swim, metatrader
Trading: US Treasuries, Currencies
Posts: 16 since Jan 2015
Thanks Given: 9
Thanks Received: 3

Hi,

I was wondering what are the best futures platform/broker alternatives to Tradestation for Canadians? In particular, I'm interested in a platform that has an easy to learn programming language and has similar backtesting/automated trading capabilities. I have a US Corporation but they said I wouldn't be able to open an account with them and the only thing I'd be able to do as a Canadian is to lease the tradestation platform for simulation purposes @ $99/month.

I'd be looking at programming and trading intraday as well as swing trade systems.

Also, what are the key features that are unique to Tradestation only that other platforms don't offer.

I would appreciate your input. Thank you.


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  #3 (permalink)
 olobay 
Montreal
 
Experience: Intermediate
Platform: MultiCharts
Broker: DeepDiscountTrading.com
Trading: CL
Posts: 364 since Jul 2011


You can go with Multicharts and a Canadian broker like Interactive Brokers Canada or many other US brokers. MC is extremely similar to TS. They both use EasyLanguage as their programming language.


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  #4 (permalink)
 smarttrades101 
Burlington, ON
 
Experience: Beginner
Platform: think or swim, metatrader
Trading: US Treasuries, Currencies
Posts: 16 since Jan 2015
Thanks Given: 9
Thanks Received: 3

Do you know which US or CDN brokers that use Multicharts have the most competitive commission rates?


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  #5 (permalink)
 olobay 
Montreal
 
Experience: Intermediate
Platform: MultiCharts
Broker: DeepDiscountTrading.com
Trading: CL
Posts: 364 since Jul 2011

Sorry I don't. I bought a lifetime version of MC and I am using IB Canada as my broker. Here's a link of brokers that use MC:

https://www.multicharts.com/features/brokers/

Contact https://www.discounttrading.com/ or Deep Discount Futures Trading Commodity Brokers Best Low Rates Cheap Commissions High Frequency Systems Exchange Members for prices. Cannon, Optimus and Amp are also well respected.


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  #6 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 217 since Mar 2013
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smarttrades101 View Post
Hi,

I was wondering what are the best futures platform/broker alternatives to Tradestation for Canadians? In particular, I'm interested in a platform that has an easy to learn programming language and has similar backtesting/automated trading capabilities. I have a US Corporation but they said I wouldn't be able to open an account with them and the only thing I'd be able to do as a Canadian is to lease the tradestation platform for simulation purposes @ $99/month.

I'd be looking at programming and trading intraday as well as swing trade systems.

Also, what are the key features that are unique to Tradestation only that other platforms don't offer.

I would appreciate your input. Thank you.

Hello @smarttrades101. We can house Canadian residents with US corporations at Cannon Trading. We offer a variety of solutions for our Canadian clients. With the back testing / Automated trading capabilities

We offer MultiCharts with CQG Data feed

Sierra Charts with CQG Data feed (basic as Excel to C++)

Or even the CQG Integrated (expensive option and you will receive full support from CQG staff) or CQG Q Trader platform but you will need to know programming.

Just some food for thought. Thank you!


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #7 (permalink)
 smarttrades101 
Burlington, ON
 
Experience: Beginner
Platform: think or swim, metatrader
Trading: US Treasuries, Currencies
Posts: 16 since Jan 2015
Thanks Given: 9
Thanks Received: 3

Are there any brokers that Canadians can open accounts with that offer Sierra Charts? Also, what are the main differences between Sierra vs Multicharts?


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  #8 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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smarttrades101 View Post
Are there any brokers that Canadians can open accounts with that offer Sierra Charts? Also, what are the main differences between Sierra vs Multicharts?

We can help with Canadians.

I would say that Multicharts has a more modern look, great display of charts and customized dom.
It's a strength is in programming automated scripts.

Sierra is great for those who trade volume profile, customized DOM, ability to connect to Excel.
However, both serve the needs of beginners in a great way.
In my opinion, you will not go wrong with either one.

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.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #9 (permalink)
 smarttrades101 
Burlington, ON
 
Experience: Beginner
Platform: think or swim, metatrader
Trading: US Treasuries, Currencies
Posts: 16 since Jan 2015
Thanks Given: 9
Thanks Received: 3

Is Multicharts platform based on EasyLanguage and Sierra charts C++ language? I'm basically looking for a platform that I can program strategies in EasyLanguage, backtest them and trade them off the platform as well.


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  #10 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,494 since Sep 2010
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smarttrades101 View Post
Is Multicharts platform based on EasyLanguage and Sierra charts C++ language? I'm basically looking for a platform that I can program strategies in EasyLanguage, backtest them and trade them off the platform as well.

Multicharts is based on Powerlanguage which is compatible with Easy language.
We always ask Multicharts to give our customers discounts for the license and would be glad to help you.

Thanks,
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.
1 800 771 6748 local 561 367 8686 email [email protected]
Follow me on X Visit my NexusFi Trade Journal Reply With Quote




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