facebookWhere is the best place to buy Canadian stocks besides Saxo? Based on my research it seems like only Saxo, OCBC and Vickers only offer live trading of Canadian stocks. Have I missed out any? - Seedly

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Anonymous

31 Oct 2020

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General Investing

Where is the best place to buy Canadian stocks besides Saxo? Based on my research it seems like only Saxo, OCBC and Vickers only offer live trading of Canadian stocks. Have I missed out any?

But the bad thing about Saxo is that it's not cheap and in fact, rather expensive.

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Nicholas Beh

31 Oct 2020

Student Ambassador 2020/21 at Seedly

Interactive Brokers offers access to Canadian markets as well. They have rather low commissions at 0.008 CAD per share with a minimum trade commission of 1 CAD, capped at 0.5% at trade value. However, if you do not hold 100k USD in assets with them, they will charge a monthly minimum commission of 10 USD.

Some of the biggest Canadian companies have dual listings on US markets, so buying the US-listed option may be the more cost efficient method, especially with 0 commission brokers such as TD Ameritrade.

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