Recommendation of Canadian brokerage account for Canadian Citizen in Poland

SRBSRB

11 Feb 2015 #1

Contacted CIBC and they wouldn't allow me to set up a Canadian brokerage account

Any suggestions on good discount brokerages in Canada that allow non-resident Canadian Citizens to set up an account?

Looker - | 1129

11 Feb 2015 #2

Have you tried PennTrade? They accept foreign accounts, including non-resident aliens.
secure.penntrade.com/NPT/

Other link that may be interesting for you:

Canadian Securities Regulatory Requirements applicable to Non-Resident Broker Dealers, Advisers and Investment Fund Managers

lexology.com/library/detail.aspx?g=5f4bb9b1-98f7-4862-b9a3-927e550ce675

Even large brokerage firms and banks such as Fidelity and Wells-Fargo in many instances no longer want to deal with non-US resident clients through their US offices. Often there is little in the way of explanation, just a letter in the mail or a phone call from a broker who is following instructions and doesn't really understand the issue.

expatfocus.com/c/aid=1192/articles/financial/why-is-my-us-brokerage-firm-closing-my-account/

So the problem exist not only in Canada, in the USA too.

Rufus

25 Apr 2026 #3

That's too complicated. Stick to the Polish options, but you're right it may not be possible. Maybe Royal Bank of Canada.