InvestorsHub Logo
Followers 1
Posts 85
Boards Moderated 0
Alias Born 07/09/2002

Re: Bylo Selhi post# 22039

Monday, 11/01/2010 2:08:44 PM

Monday, November 01, 2010 2:08:44 PM

Post# of 35740
A brokerage called Pennaluna in Coeur d'Alene, Idaho lets you buy both Canadian stocks and warrants. Trades are $29.95 regardless of the amount of stock purchased, although every tenth trade is free. One thing I don't like about Penntrade is that the account is not linked electronically to my bank account. Another thing I don't like is they don't let you trade options in either the regular or IRA accounts. Pennaluna doesn't let residents of every state open accounts, not sure what the regulatory reason is. Their online platform is simple and easy to use.
I also use Fidelity, which now offers about eleven countries' markets, I think it is, in its non-IRA brokerage accounts. Fees aren't bad ($19.00 for a buy of Canadian stocks, I think that's the amount for most share quantities, as opposed to $7.95 per transaction for stocks on the American exchanges, including pinks, if you are a frequent trader). Fidelity's IRA accounts let you use options, but you can't yet buy the Canadian stocks directly in the IRA (you have to use the pink sheets). If the pink sheet stock is fairly liquid, I haven't had too bad an experience with it, but some of the very thinly traded pinks can be hard to trade in or out of when you want to, and some of the more obscure Canadian stocks and warrants don't have a Pink ticker symbol.
Finally, I have an IB account, but haven't yet gotten comfortable with its intimidating interface (for me, anyway). If I ever get time, I'll try to master it and put more into that account, as it does have some advantages the others don't.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.