How to invest in the NYSE

Can I invest in the NYSE from Canada?

Yes, it’s relatively straightforward to invest in the New York Stock Exchange (NYSE) in Canada. These days, most trading platforms and brokers provide access to US stock markets, including the NYSE and NASDAQ. There are also stock trading apps and brokers that offer access to US stocks.

Compare trading platforms with access to the NYSE

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Name	Product	Finder Rating	Stock Trading Fee	Account Fee	Available Asset Types	Offer
FREE TRADES Wealthsimple Trade Wealthsimple Trade	FREE TRADES	Finder Rating: ★★★★★ 3.9 / 5	$0	$0	Stocks, ETFs	Get 2 free stocks when you deposit and trade $150.	Go to site More Info	Compare	loading Fetching your data...
Scotia iTRADE Scotia iTRADE		Finder Rating: ★★★★★ 3.8 / 5	$4.99 - $9.99	$0	Bonds, Options, Mutual Funds, ETFs, GICs, International Equities		Go to site More Info	Compare	loading Fetching your data...
Interactive Brokers Interactive Brokers		Finder Rating: ★★★★★ 4.1 / 5	Min. $1.00, Max. 0.5%	$0	Stocks, Bonds, Options, ETFs, Currencies, Futures		Go to site More Info	Compare	loading Fetching your data...
OFFER CIBC Investor's Edge CIBC Investor's Edge	OFFER	Finder Rating: ★★★★★ 4 / 5	$4.95 - $6.95	$0 if conditions met, otherwise $100/year	Stocks, Bonds, Options, Mutual Funds, ETFs	Get up to $2,000 cash back. Conditions apply. Offer ends March 1, 2022.	Go to site More Info	Compare	loading Fetching your data...
Questrade Questrade		Finder Rating: ★★★★★ 4.2 / 5	$4.95 - $9.95	$0	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals	Get $50 in free trades when you fund your account with a minimum of $1,000.	Go to site More Info	Compare	loading Fetching your data...
Qtrade Direct Investing Qtrade Direct Investing		Finder Rating: ★★★★★ 4.1 / 5	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	Get a $50 bonus when you open a new RRSP, TFSA or RESP and start pre-authorized contributions of $200+/month. Valid until March 1, 2022.	Go to site More Info	Compare	loading Fetching your data...

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How much does it cost to invest in the NYSE?

This will depend on the specific broker or trading platform you use, as each has its own fee structure. When comparing platforms, it’s important to understand the types of trading fees you’re going to be charged, as this can have a big influence on the cost of investing.

Some brokers charge high commissions on individual trades, so if you’re only planning on investing small amounts, it will be a lot more cost-effective to go with a broker that has commission-free trades. You can compare trading fees below:

Broker trading fees

These prices are current as of May 14, 2020.
Below is a breakdown of the basic fees you’ll pay when making a single NYSE trade using eachbroker:

• Questrade. 1 cent per stock (Between $4.95 and $9.95), ETFs are free to buy
• Qtrade. Between $6.95 and $8.75 for equities including ETFs (or you can pick from 100 free ETFs)
• TD Direct Investing. Between $7 and $9.99 for equities
• RBC Direct Investing. Between $6.95 to $9.95 for equities including ETFs

A cheaper alternative may be to invest in an NYSE index fund, which tracks the performance of certain stocks without you having to buy the stocks directly. Exchange-traded funds in particular are a low cost way to get exposure to the stocks on the NYSE, with annual fees that are far below what traditional stock brokers usually charge.

Other ways to invest in the NYSE

If you want to invest in the NYSE without having to buy stocks directly, there are a couple of ways to do so. The most common method is to invest in an ETF or index fund, which tracks the performance of all or certain stocks on the NYSE. If the value of those stocks goes up, so does the value of your fund.

There are hundreds of index funds available for the NYSE, so there’s likely to be one that closely suits your investing goals. Many of the most famous stock market indices, such as the Dow Jones, NYSE Composite and S&P 500, also track stocks listed on the NYSE.

NYSE ETFs

Why should I invest in the NYSE?

The New York Stock Exchange is by far the world’s largest stock exchange, with a total market capitalization of over $20 trillion. It features over 2,800 stocks, including some of the most valuable companies in the world. If you’re looking to diversify your portfolio, the NYSE offers more access to stocks and securities than any other exchange in the world, including US stocks that you can’t buy on the London Stock Exchange.

With many brokers and trading platforms now offering easy access to US stock markets, investing in the NYSE can be a good way to broaden your portfolio and get exposure to successful stocks.

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Is now a good time to invest in the NYSE?

Many stocks on the NYSE have suffered significant drops as a result of the coronavirus pandemic. Historically, stock market crashes have been a good time to buy shares, as markets generally recover over time. Many investors will see the current share prices of many of the stocks on the NYSE as a good entry point, and will invest accordingly.

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