How to buy OnlyFans stock in Canada

OnlyFans is expected to go public soon. Here's what we know about the IPO — and how to buy OnlyFans stock in Canada when it's available.

Finder's top picks on where to buy OnlyFans stock when it goes public

Go to site

Free trades for young investors

Easy-to-use platform
Low fees
Student and young investor discounts

Go to site

Low margin rates

Access to international stock exchanges
Low margin rates
Powerful research tools

Go to site

Low commissions

$50 in free trades
Low commissions
Easy-to-use app

Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

What we know about the OnlyFans IPO

OnlyFans recently banned sexually explicit content from its platform, a move that sparked rumors that the subscription service is looking to conduct an initial public offering. It rescinded that plan about a week later.

Additionally, the company just launched its OFTV streaming platform.

OnlyFans is reportedly seeking a $1 billion valuation.

Note: all dollar amounts on this page are in US dollars unless otherwise stated.

How to buy OnlyFans stock when it starts trading

Once OnlyFans goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

Compare stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
Open your brokerage account. Complete an application with your details.
Confirm your payment details. Fund your account.
Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Will I be able to buy OnlyFans stock in Canada?

You won't be able to buy OnlyFans stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.

Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy OnlyFans stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

Company summary
Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, collection ads, dynamic ads, story ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
Historical performance
Stock information
- Market capitalization: $18470549504
- PEG ratio: 5.6362
- Dividend yield: N/A%
Company summary
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
Historical performance
Stock information
- Market capitalization: $532170735616
- P/E ratio: 14.8812
- PEG ratio: 1.0333
- Dividend yield: 0%
Company summary
Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California. As of October 27, 2022, Twitter, Inc. was taken private.
Historical performance
Stock information
- Market capitalization: $41093709824
- P/E ratio: 214.8
- PEG ratio: 3.64
- Dividend yield: 0%

Buy stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 4 of 4

Name	Finder Rating	Available Asset Types	Stock Trading Fee	Account Fee	Signup Offer	Table description
Interactive Brokers Interactive Brokers	Finder Score: ★★★★★ 4.2 / 5	Stocks, Bonds, Options, ETFs, Currencies, Futures	min $1.00, max 0.5%	$0	N/A	Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.	Go to site View details	Compare	loading Fetching your data...
CIBC Investor's Edge CIBC Investor's Edge	Finder Score: ★★★★★ 3.7 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs	$6.95	$0 if conditions met, or $100	100 free trades + up to $4,500 cash back	An easy-to-use platform with access to a variety of tools to help you trade with confidence.	Go to site View details	Compare	loading Fetching your data...
Questrade Questrade	Finder Score: ★★★★★ 3.9 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals	$4.95 - $9.95	$0	Get $50 in free trades when you fund your account with a minimum of $1,000.	Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.	Go to site View details	Compare	loading Fetching your data...
Qtrade Direct Investing Qtrade Direct Investing	Finder Score: ★★★★★ 3.6 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Get up to a $150 sign-up bonus. Use code OFFER2024. Ends October 31, 2024.	Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.	Go to site View details	Compare	loading Fetching your data...

loading

Tax implications of buying US stocks in Canada

Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.

An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.

Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.

Speak with a tax professional to find out what rules and exceptions apply in your circumstances.

Related Online stock trading

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More on investing

Thank you for your feedback!

How to buy Chobani (CHO) stock in Canada when it goes public How to buy Samsara Vision, Inc. (SMSA) stock in Canada when it goes public

More guides on Finder

How to add or change your frequent flyer number on a booking
Find out how you can update your flight bookings to include a frequent flyer number so you don’t miss adding more points and status to your account.
What is a Black Credit Card?
Think out-of-this-world spending, top secret qualification requirements and rewards fit for royalty.
Line of credit vs credit card
Learn the difference between a line of credit and a credit card to choose the best fit for you.
How to identify credit card fraud, traps and scams
Be cautious of suspect calls, texts and emails.
How to check on your credit card application
Find out how to track the status of your credit card application.
Compare Platinum Credit Cards in Canada
Get access to benefits such as comprehensive insurance coverage, high credit limits and other features with a platinum credit card.
Want to pay your bills with a credit card?
Want to pay and manage your bills with a credit card so you’ll never miss a payment again? We’ve got you covered.
Can you get a credit card from a different bank?
It is possible to get a credit card from another bank other than your own. Learn how to take advantage of a better offer and apply today.
Why was my credit card application denied?
Here are some of the biggest reasons why credit card applications get rejected. Find out what you should do when applying, and compare credit card options.
Travel rewards credit cards in Canada
With a travel rewards credit card you can earn points for your spending and get complimentary extras such as travel insurance or airport lounge access.

Ask a Question

Click here to cancel reply.

You must be logged in to post a comment.

How to buy OnlyFans stock in Canada when it goes public

Here's everything we know so far about the OnlyFans IPO.