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Apparently this is a Canadian Government initiative designed to protect us
feeble-minded Canadians from the big bad US con-men/brokers. Unless they
register in Canada, they can't have Canadian clients without risking a
lawsuit from the Canadian Government. I had to clear out my Cyberbroker
account a couple of weeks ago for that reason. I still have an inactive
TerraNova account. I suspect that if I tried to trade it, I would be told
to buzz off also.
Meanwhile, your best bet as a Canadian daytrader is to take the Bright
Trading plunge, get your Series 7 license and go professional. They have a
proven system that they teach you for a fee. They have 1 cent / share
commissions, and you only have to deal with one income tax bureaucracy
(Canada's). You also get virtually unlimited access to their trading
capital.
They currently have an office in Langley, BC (near Vancouver) but will be
opening a Toronto office soon. www.stocktrading.com is the url.
I
-uf
At 10/28/2001 08:28 PM, you wrote:
>We are barred? Really? Whatever happened to that Free Trade agreement that
>we signed with the U.S.? I've had an account with IB for several years now,
>and an account with Reifler (using the BEST platform) for almost two years.
>Give Reifler a try. Price and service is good and their platform is one of
>the better ones out there. Their web site is www.reifleronline.com .
>
>Andrew
>
>----- Original Message -----
>From: "David Demetre" <laertes@xxxxxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>
>Sent: Saturday, October 27, 2001 2:11 PM
>Subject: canadian brokers
>
>
> > Folks:
> > If you are living in Canada, has anyone found a good online
> > futures broker to use?. We are now barred from opening
> > accounts with IB and most other US firms. Excuse me if this
> > has been dealt with here before, but what have people done
> > to get around this? Any url's to previous discussions would
> > be appreciated. The brokers in Canada are awful; high
> > commisions and less than cutting edge services. There is
> > only one direct access firm for stock trading.
> > (tradefreedom.com)
> > thanks
> > Dave
> >
> >
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