Since most of my trades of the best emerging cannabis stock opportunities don’t involve companies listed on the New York Stock Exchange or Nasdaq, let’s take a look at your best options for buying TSX, CSE, or OTC stocks (in no ranked order).:
Interactive Brokers LLC (interactivebrokers.com) – Investors may trade Canadian stocks with no notable restrictions. Our research team have asked if trades with three of our first five recommendations for the CSE listing of a stock could be made, and a representative said they could do so with no problems.
Fidelity Investments Inc. (fidelity.com) – Fidelity will allow you to buy through Canadian exchanges and automatically converts your purchases to Canadian dollars when buying a stock from there. Fidelity does have a policy that it will automatically convert attempted purchases of stocks trading at a penny stock prices – the Securities & Exchange Commission defines a penny stock as anything trading for less than $5 per share – to whatever the OTC stock is.
TD Ameritrade (tdamertrade.com) – This broker will accept trades on Canadian exchanges. However, you would need to call in and talk to a live broker to make such a trade. Meanwhile, a customer can place their own trade for an OTC stock on the online platform.
eTrade (https://etrade.com) and TradeStation Group Inc. (https://tradestation.com) – These brokers do not yet offer any Canadian cannabis stock trades. However, you can buy OTC listed stocks, though foreign stocks will be limited as well (tickers ending in ‘F’).
All brokers may require additional fees beyond normal costs. Please reach out directly to your broker for further information.
Additionally, while we do try to accommodate all investors, we do cater specifically to American customers and therefore our recommendations are geared towards those who have American citizenship and are not effected by foreign law. Customers outside of the US will have to carry out additional due-diligence to make certain that they comply with and understand their local laws and regulations regarding investing.