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: Provides broad access to both TSXV-listed securities and U.S. OTC markets, which not all Canadian brokers allow. how to buy penny stocks in canada
: Rated highly for its user-friendly mobile app and commission-free stock/ETF trading. AI responses may include mistakes
Known for being more accessible with lower listing requirements; popular for cannabis, tech, and blockchain companies. OTC markets, which not all Canadian brokers allow
Focus on stocks with higher trading volumes to ensure you can sell when needed. "Thinly traded" stocks are harder to exit without crashing the price.
Be careful with TFSAs or RRSPs . While some TSXV/CSE stocks are allowed, many OTC-only stocks are ineligible . Holding ineligible stocks can result in heavy audits or taxes from the CRA.
A common rule of thumb is to keep penny stock exposure to no more than 5–10% of your total investable assets.