Are there serious Prop Trading firms in Canada

Lynx was good until they merged with Milrud and washed their hands on the security deposit refund

 

DV is employees only. I don't know where you live in Canada but Swift has a few offices still around. Swift offices are licensed so owner/managers will be under their working trade names now.

Another option since you are looking to put money down, make your own office. I don't know what it is now but a few years ago I was quoted 10K in risk capital + overhead to open my branch with Swift(Orbixa). If you trade from home it's really just your deposit.

 

Swift doesn't exist anymore, and the other options offered don't seem viable. so doesn't seem to be that many options.

 

I've been looking at a few others in Canada, just wondering if any of you heard of them and can provide any reviews/insights:

1. Frontline Capial
2. MGB Trading
3. Vortex Capital Group
4. Arbgroup

Are these real prop firms or just arcades?

Thanks

 

Have you tried WTS? (Not the U.S. based WTSprop, which merged with T3).

http://wtstrading.com/contact-us/

Their site seems to be operational, however no address or contact #, and the search still comes up with Grand Cayman.

 

WTS merged with T3 and I am guessing what you see is either a shell company or their former website....

 

Yes, although it was WTSprop that merged with T3, they also had international traders via the Canadian arm of WTS (WTStrading). Since T3 cannot accept international traders, WTStrading may still have the international traders (including those in Canada).

But you're right, the firm itself is a Grand Cayman "shell" company, and I'm not sure if they still have offices in Canada.

I guess the OP can simply fill in the contact details and see who responds.

 

Well the 1st ones domain seems to be down, so that's not a good sign! But would be interested to hear if anyone has any experience with the other ones?
Also would like to add this one to the mix - manifoldcp.com - seems like they have local offices, so that's always a good sign.

Thanks!

 

For some reason when I see Canada based prop firms names it reminds me of SWIFT/ DTTW and it's claim of hundreds of offices around the world ! yet no names! and media reports between these and regulators

 

Drive over and visit LMI there on this forum.