Zacks Trade Canadian stocks trading availability

Personally tested

Data-driven

Independent

Can I buy Canadian stocks at Zacks Trade as of December 2024?

Curious if you can tap into the Canadian market through Zacks Trade? We’ve got the answer for you.

Great news: you can trade Canadian stocks at Zacks Trade. So if you're looking to put some Canadian spirit into your portfolio, you're in the right place.

Buying Canadian stocks is a good way to diversify your portfolio (AI-generated image)

All you need to know about trading Canadian stocks at Zacks Trade

Gyula Lencsés, CFA

Stock Market • Investment • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of Zacks Trade 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 Zacks Trade:

Zacks Trade 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 Zacks Trade is available in your country:

Yes, you can open an account at Zacks Trade if you live in the United States!

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Zacks Trade

4.1/5

Minimum deposit

$250

Stock fee

Low

Options fee

Low

Inactivity fee

yes

Account opening

>3 days

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Want to unlock your perfect broker match?

Zacks Trade 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 Zacks Trade 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, Zacks Trade 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 Zacks Trade:

Canadian stock trading fees at Zacks Trade: CAD 0.02 per share commission for stocks priced above CAD 1, or 1% of trade value for stocks priced below CAD 1. The minimum fee is CAD 4.50.

Alright, let's take a closer look at what Zacks Trade has to offer overall. Here’s a handy table that breaks down all the essential details:

Zacks Trade main highlights
💰 Zacks Trade stock fee class	Low
📃 Zacks Trade number of available stock markets	90
💰 Zacks Trade minimum deposit	$250
💰 Zacks Trade inactivity fee	Yes
📃 Zacks Trade deposit methods	Bank transfer
🗺️ Country of regulation	USA
🎮 Zacks Trade demo account provided	Yes

Data updated on December 11, 2024

Browse the best competitors for trading Canadian stocks

Not fully satisfied with Zacks Trade 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 Zacks Trade’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 Zacks Trade!

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.

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