How can I buy a stock without a broker in Canada?
Canadian citizens above the age of 18 can open a TFSA (Tax-Free Savings Account) in which you can contribute up to $6000 annually. This can be in the form of stocks or other securities. You can also use an RRSP (Registered Retirement Savings Plan) where you can contribute a higher sum which will be taxable, unlike the TFSA which is completely exempt from taxes.
How can I buy U.S stocks in Canada?
Canadian citizens can easily purchase U.S stocks. Many online stock brokers provide the facility to invest in US stocks. Questrade and Interactive brokers are some of the brokers who allow foreign investing. Apart from this, there are some other ways to directly as well as indirectly invest in US stocks. One of the non-traditional methods includes the TFSA (Tax-Free Savings Account) with which you can buy up to $6,000 worth of stocks per year.
Is E*Trade available in Canada?
Currently, Etrade is not available in Canada as the broker operates solely in the U.S. Therefore Canadian citizens cannot open an account with ETrade. The broker used to operate in Canada but stopped its operations after 2008. There are many other low-cost brokers available in Canada such as Questrade that you can consider while opening an account.
Is ThinkorSwim available in Canada?
ThinkorSwim is not available to Canadian users. TD-Direct Investing, which was providing the platform to its users replaced it with another trading platform known as Advanced Dashboard. Hence Canadian citizens who have a TD account can no longer access ThinkorSwim as earlier. In order to get ThinkorSwim, you need to have a TD Ameritrade account which is a U.S based broker.
Can non-US citizens open a brokerage account with a US broker?
Non-U.S citizens cannot directly open an account with a U.S based broker as they would not possess the necessary documents, required to open an account with a U.S broker. But there are many U.S based international brokers like 'Interactive Brokers', etc, who allow users from multiple countries to open an account with them. Using that account you can easily gain access to the U.S markets.
Can I buy Canadian stocks on Charles Schwab?
Charles Schwab is a U.S.-based broker which offers many brokerage accounts to its users. You can buy Canadian stocks on the platform although Canadian users cannot open an account with it as it offers its services exclusively in the U.S. Existing account holders can purchase Canadian stocks during the market hours using the broker's platform.
Is Webull available in Canada?
Webull is a U.S based stockbroker which is not available for Canadian users. Canadian citizens cannot open an account with Webull. You have to either be a citizen of the U.S or have a valid U.S Passport in order to open an account with Webull.
Can I do stock trading in India without a broker?
To buy and sell stocks in the Indian stock market, you will need a demat and trading account. A stockbroker is necessary to trade stocks because the broker will provide the trading account through which you will place your trades.
Is it possible to make Rs.5000 to Rs.50,000 of profit in a single day in the stock market?
Generating 1000 times returns in the stock market is highly unlikely but not impossible. However, through aggressive trading, scalping techniques, trading in penny stocks, strategies for trading, technical analysis and trading with the market trend, you could get the relevant returns you’re looking for, provided everything favors your decision-making in the desired investment opportunities.
Who owns Virtual Brokers?
Virtual Brokers is owned by CI Investments Services Inc, which took over it in 2017, from BBS Securities, the previous owner of Virtual Brokers. Virtual Brokers was integrated with WealthBar, another financial platform in 2020 to form a new investment platform known as CI Direct Investing. Although it operates separately in Canada.