How To Buy Penny Stocks In Canada Apr 2026

A common rule of thumb is to keep penny stock exposure to no more than 5–10% of your total investable assets.

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.

Transfer capital into your brokerage. Experts recommend only using "speculative" money you can afford to lose. how to buy penny stocks in canada

: A popular $0-commission option for beginners, though it has a more limited selection of penny stocks compared to Questrade. 2. Understand the Marketplaces Canadian penny stocks primarily trade on three key venues:

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. A common rule of thumb is to keep

The flagship market for "junior" companies, heavily focused on mining and energy.

: Ideal for active traders due to extremely low fees and advanced global research tools. Holding ineligible stocks can result in heavy audits

Never use market orders for penny stocks. A limit order lets you set a maximum buy or minimum sell price, preventing you from overpaying due to low liquidity. 4. Risks and Regulations