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
: A popular $0-commission option for beginners, though it has a more limited selection of penny stocks compared to Questrade. 2. Understand the Marketplaces Canadian penny stocks primarily trade on three key venues: how to buy penny stocks in canada
A common rule of thumb is to keep penny stock exposure to no more than 5–10% of your total investable assets. Never use market orders for penny stocks