Any Idea how to buy Canadian Stocks in UK?

Steve182

mazibee said:

Thanks everyone for the replies.

@Steve182 - Sorry for bothering you , have you managed to check from II and AJ Bell?

@mika_dm What are the charges for dealing the Canadian stocks on the HL platform?

Sorry completely forgot and they closed at 2100 UK time. I will set myself a reminder to do so when they open tomorrow afternoon.

Steve182

Steve182 said:

mazibee said:

Thanks everyone for the replies.

@Steve182 - Sorry for bothering you , have you managed to check from II and AJ Bell?

@mika_dm What are the charges for dealing the Canadian stocks on the HL platform?

Sorry completely forgot and they closed at 2100 UK time. I will set myself a reminder to do so when they open tomorrow afternoon.

PROTECH HOME MED C COM NPV(POST REV SPLIT)

AJ Bell @ 14.40 UK time 
"There is currently no online quote available. Please either try requesting another online quote or call us on 0345 373 3479 to deal over the phone. You can also place a limit order (UK securities only)"

II @ 14.50 UK time invited me to place a limit order but could/would not give me an online quote

Thrugelmir

Probably none of their UK based market makers hold the stock on their books. Insufficient demand. 

underground99

Steve182 said:

Steve182 said:

mazibee said:

Thanks everyone for the replies.

@Steve182 - Sorry for bothering you , have you managed to check from II and AJ Bell?

@mika_dm What are the charges for dealing the Canadian stocks on the HL platform?

Sorry completely forgot and they closed at 2100 UK time. I will set myself a reminder to do so when they open tomorrow afternoon.

PROTECH HOME MED C COM NPV(POST REV SPLIT)

AJ Bell @ 14.40 UK time 
"There is currently no online quote available. Please either try requesting another online quote or call us on 0345 373 3479 to deal over the phone. You can also place a limit order (UK securities only)"

II @ 14.50 UK time invited me to place a limit order but could/would not give me an online quote

Yes, AJ Bell have it listed under two separate SEDOLs which implies they have had someone trade it in the past, but neither are allowing an online quote at the moment. 

hoc said:

Canada isn't an exotic market, household names like ii and AJ Bell all do it just like US markets. There is no need to go with an obscure or advanced platform.

That stock doesn't trade on the 'main' exchange but on the Canadian Venture Exchange which is where a lot of the smallcaps are listed (a bit like AIM over here). It only has a couple of hundred million of market cap and half a million shares traded every day so not a huge amount of liquidity for people wanting to buy stock cheaply from abroad.  As I understand it, AJ Bell only offers trading in US / Canadian stocks where they can buy or sell it as a UK CDI rather than the underlying stock on the foreign exchange. For a non-mainstream stock (e.g. smallcap stock on the venture exchange) it's quite likely that there isn't a CDI readily available due to lack of demand. Nothing showing under a search for Protech at https://www.londonstockexchange.com/search?searchtype=all&q=protech . So you may need to find a broker with direct access to trade on the Canadian exchange, perhaps one of the international specialists like Interactive Brokers. However, they don't offer UK ISAs.

The stock would be ISA-allowable as it is listed on a recognised exchange from HMRC's perspective, but the problem would be finding a broker that both offers ISAs and trades that market. If it was listed in London as a CDI you could buy it through AJ Bell, HL, x-o.co.uk, etc.

maxsteam

Yup, Degiro offer trading in Protech shares and their fees for dealing on Canadian markets are €2.00 + C$0.01 per share. Saxo are not a reliable option.

I can't help but think that, if you are not finding it easy to deal in these shares, you should be putting your money into something else.