How To Buy Penny Stocks In Canada -

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.

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 how to buy penny stocks in canada

Watch out for aggressive social media promotion. Fraudsters often "pump" a stock's price with fake news, then "dump" their shares, leaving retail investors with losses. Be careful with TFSAs or RRSPs