Best canadian broker with margin small cap

Discussion in 'Retail Brokers' started by apo99, May 17, 2023.

  1. apo99

    apo99

    Hey guys,

    I only trade tsx and tsx venture stocks $0.15-0.75 i trade anywhere between 8k-15k trades a year

    I have a fixed negotiated rate with CIBC and TD for about $2.99 a trade flat.

    I have an account with interactive brokers that allows shorting on these stocks and is the only broker than offers margin for small cap but the problem is that they charge almost 50$ per trade on a 50k share lot.

    Does anyone know any broker that offers margin on TSX- TSX venture stocks.

    I need about $1m in buying power to execute my strategy but I cannot do it anymore as I used most of my funds on a down payment for a property

    Thanks
     
  2. TheDawn

    TheDawn

    Try Lightspeed. @Robert Morse is the rep here.
     
  3. Robert Morse

    Robert Morse Sponsor

    Thank you, but unfortunately, various registration requirements in Canada prevent us from opening accounts for those who are residing in or a citizen of Canada.

     
    apo99 likes this.
  4. TheDawn

    TheDawn

    Wow! You are up early. Hope you are not on the West Coast.
     
  5. Robert Morse

    Robert Morse Sponsor

    New York- earlier than usual. I normally start my day at 5am ET.

     
    TheDawn likes this.