Can I buy Canadian stocks at Saxo as of October 2024?
Curious if you can tap into the Canadian market through Saxo? We’ve got the answer for you.
Great news: you can trade Canadian stocks at Saxo. So if you're looking to put some Canadian spirit into your portfolio, you're in the right place.
Together with my brokerage analyst colleagues, I thoroughly tested the services of Saxo by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about trading Canadian stocks at Saxo:
-
Saxo is among the few global brokers where you can trade stocks on the Toronto Stock Exchange (TSX).
-
Trading in Canadian stocks is rarely free, so expect to pay a fee.
-
Check out the best brokers for Canadian stocks to see your top available options.
Before we begin, let's see if Saxo is available in your country:
Visit broker
62% of retail CFD accounts lose money
62% of retail CFD accounts lose money
Saxo is one of the select brokers where you can trade Canadian stocks
Let’s say you are an adventurous investor, sipping your morning coffee while scanning global markets. You’re tired of the same old US and European stocks and want to diversify your portfolio to include companies from less major markets. So you start to wonder, “Where can I trade Canadian stocks, which brokers offer this?”
Well, open a bottle of fine whisky, because Saxo is among the small number of global brokers where you can trade Canadian stocks. If you want to diversify your investments by investing in this North American stock market, Saxo is a good choice.
The Toronto Stock Exchange (TSX) is Canada's primary stock exchange, based in Toronto. It is known for its large number of listings, including many mining and oil companies. The S&P/TSX Composite Index is the main benchmark. Over 1,500 companies are listed on the TSX.
Trading Canadian stocks usually carries a fee
While you might be able to trade stocks commission-free at many brokers for major markets like the US and Europe, this isn't the case for all stock markets. So, if you're eyeing stocks from a less common market, like Canada, expect to pay a bit extra. It's kind of like when you go to a specialty store for a unique beer – the rare stuff usually costs more.
Now let’s check out exactly what fees you will face when trading Canadian stocks at Saxo:
Canadian stock trading fees at Saxo: CAD 0.015/share; min. CAD 5 and max. CAD 25, but using VIP pricing the minimum can be as low as CAD 0.005 per share with CAD 5 min. and CAD 25 max.
Alright, let's take a closer look at what Saxo has to offer overall. Here’s a handy table that breaks down all the essential details:
💰 Saxo stock fee class | Low |
📃 Saxo number of available stock markets | 50 |
💰 Saxo minimum deposit | $0 |
💰 Saxo inactivity fee | No |
📃 Saxo deposit methods | Bank transfer, Credit/debit cards |
🗺️ Country of regulation | Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia |
🎮 Saxo demo account provided | Yes |
Data updated on October 3, 2024
Browse the best competitors for trading Canadian stocks
Not fully satisfied with Saxo overall? Wondering if there is another broker that also offers Canadian stocks, but with better overall service and conditions?
Head over to our toplist of the best brokers for trading Canadian stocks to explore Saxo’s top competitors for diversifying your portfolio with stocks from Canada. Browse through our curated selection of top-notch brokerages to see if you can go one better than Saxo!
FAQ
What is the largest stock exchange in Canada?
The largest stock exchange in Canada is the Toronto Stock Exchange (TSX), where more than 1,500 companies are listed.
Can I invest in the Canadian stock market?
There are no limitations in general to invest in Canadian stocks. All you have to do is find a broker that makes this market available for you.
What are the fees for trading Canadian stocks?
The exact fee varies by broker. But expect to pay some type of commission - usually, brokers will set a percentage fee of the trade value, and also charge a minimum fee. For example, 0.2% of trade value, with a minimum of CAD 10.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Saxo stock conditions explained
- Stock trading at Saxo: an expert guide and rating
- Saxo penny stocks trading conditions explained
- Saxo bond availability
- ETF trading conditions at Saxo explained
- Saxo fractional shares trading conditions explained
- Are margin interest rates low at Saxo?
- Saxo cash interest rate
- Saxo ESG investing
- Saxo invest $100,000
- Saxo Bank IPO accessibility
- Saxo Mexican stocks trading availability
- Saxo US stock trading details
- Saxo Australian stocks trading availability
- Saxo Japanese stocks trading availability
- Saxo French stocks trading availability
- Saxo Italian stocks trading availability
- Saxo Swiss stocks trading availability
- Saxo Hong Kong stocks trading availability
- Saxo Dutch stocks trading availability
- Saxo Spanish stocks trading availability
- Saxo Singapore stocks trading availability
- Saxo Swedish stocks trading availability
- Saxo Norwegian stocks trading availability
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.