Tomchoco, Here is Everything You Need to Buy in U.S. https://www.profitconfidential.com/stock-market/stock-market-advice/how-buy-canadian-stocks-us/ TD Ameritrade uses a five-character code to identify the security, and it requires foreign-listed stocks to be purchased using the OTC market. If you have never purchased an OTC stock through TD Ameritrade, I suggest you call a customer service agent and get them to explain exactly how it works.
Other brokers, like E*Trade Financial Corp (NASDAQ:ETFC), will allow you to buy directly on the foreign exchange.
How to Buy Canadian Stocks with E*Trade
E*Trade, founded in 1982, is an online broker that serves 3.6 million customers.
When people ask me how to buy Canadian stocks on E*Trade, the first thing I tell them is to convert their U.S. dollars into Canadian dollars. The second thing I tell them is to purchase the E*Trade Canadian stocks directly on the TSE or the Vancouver stock exchange.
| E*Trade Fees |
| Type of Trade | Standard | 30+ Trades/Quarter |
| Stocks, Options ETFs | $6.95 | $4.95 |
| Options Contracts | $0.75 | $0.50 |
| Short Options ($0.10 or Less) | $0.00 | $0.00 |
| Futures Contracts | $1.50 | $1.50 |
| Bonds | $1.00 | $1.00 |
| Margin ($50k Debit Balance) | 9.25% | 9.25% |
| Broker-Assisted Trades | Add $25.00 | Add $25.00 |
Buying Canadian Stocks on Scottrade
Scottrade, Inc. is a brokerage firm that provides U.S. investors with a user-friendly online platform for trading Canadian stocks. All you have to do is open a Scottrade account online.
Canadian stocks trade on U.S. exchanges either as ADRs or as ordinary shares (ORDs). In your online Scottrade account, enter the stock symbol, the number of shares, your order type, and your time frame for buying or selling shares.
If a Canadian security is not available as an ADR or ORD, contact your local Scottrade broker for assistance.
Other Stockbrokers for Buying Canadian Stocks
As mentioned earlier, there are also other stockbrokers that offer unique advantages.