Thinkorswim in Canada
If you want to use Thinkorswim trading platform in Canada, you are out of luck.
Thinkorswim is not available to the
citizens of Canada.
Alternative to Thinkorswim in Canada
As an alternative, we suggest a broker called
Webull (
read review),
which is ranked #1 in Canada for online investing.
It offers up to
$100 cash bonus, the lowest commissions, access to U.S. stock market, and
3.5% APY interest is paid on cash balance.
Visit Webull Website
Open Webull Account
Can I Buy Canadian Stocks at Thinkorswim?
If you have a Thinkorswim account and want to know if you can buy or sell Canadian stocks, the
quick answer is both yes and no. The broker doesn’t offer direct access to any foreign
exchanges, so you can’t trade on the Toronto Stock Exchange directly. There are, however,
a few ways around this.
How to Find Canadian Companies on Thinkorswim’s Platforms
With Thinkorswim’s stock screener, you can scan through many foreign-based stocks. Unfortunately, there’s no way to filter
for only Canadian securities. This means you have to sift through a big list yourself if you don’t already know which company you’re looking for.
The website’s screener can search for American Depository Receipts (ADR’s),
but as mentioned, there is no option to specifically find Canadian stocks. The screener is also able to look in the OTC and Bulletin Board
markets, where foreign companies often list shares. Once again, though, we couldn’t restrict results to Canadian firms in the search
settings. thinkorswim, the desktop platform, can’t access OTC exchanges or scan for
ADR’s.
Probably the best route to trade a Canadian equity on Thinkorswim is to identify a stock outside of Thinkorswim’s platform, then take its ticker
symbol and type it into the search bar on the broker’s website. If the stock can be traded, the site will produce a profile page.
Examples of Canadian Equities
By doing an online search for Canadian stocks on U.S. exchanges and then entering the resulting ticker symbols on Thinkorswim’s site, we located several Canadian
firms with shares available on American markets.
One is Bank of Montreal, which is an ADR traded on the New York Stock Exchange under the symbol BMO. We confirmed that this instrument can be traded (it’s technically an ADR rather than a stock).
Thinkorswim’s page for BMO offers multiple useful research tools. There are several third-party research reports available at no charge. These include analysts like TheStreet.com, CFRA, and MarketEdge. Most of the ratings lean bearish.
There are also news headlines on the Bank of Montreal from sources such as Dow Jones and Globe Newswire. You can see upcoming company events, as well as key stock information like short interest and institutional ownership.
We also found a Canadian firm in the OTC space. Advantage Oil & Gas Ltd. trades on the pink sheets with the ticker AAVVF. It’s around $2 per share and has light trading volume. Compared to Bank of Montreal, there’s much less data on this stock. For instance, few analysts track it, and the short interest and institutional ownership fields don’t show any figures. We did see some 6-K filings, which foreign companies must send to the SEC.
Trading Canadian Marijuana Stocks on Thinkorswim
Because many well-known Canadian cannabis stocks—Aurora, Canopy Growth, Cronos, Tilray—
trade on major U.S. exchanges like NYSE or NASDAQ, any Thinkorswim user can invest in these easily.
Cannabis Penny Stocks at Thinkorswim
When dealing with foreign companies, be extra careful if they’re OTC or penny stocks, since as we just observed, information on these securities is often more limited.
Updated on 4/6/2025.
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