How To Purchase Sundial Growers Inc. (SNDL) Shares [2023 Update]

Our team here has provided this guide to help you understand how to Purchase Sundial Growers Inc. (SNDL) Shares.  When buying shares it is important to use an experienced, professional broker to make the transaction easy.

Below we detail in full how to buy Sundial Growers Inc. (SNDL) stock including what to be careful of and also help finding the best broker for your needs.

The following is an overview of the process to purchase Sundial Growers Inc. (SNDL) stock.

  • Decide how you want to trade in Sundial Growers Inc. (SNDL). Do you want to to trade in Sundial Growers Inc. (SNDL) CFDs or Sundial Growers Inc. (SNDL) Stock.
  • Register with a leading Sundial Growers Inc. (SNDL) broker that suits your needs. We suggest registering with a few to see which one best fits your needs. (Currently the top two online brokers for Sundial Growers Inc. (SNDL) are IC Markets and XTB).
  • Do some detailed research on Sundial Growers Inc. (SNDL) financial reports. (IC Markets and XTB both provide research tools and resources).
  • Finalise your budget and decide how many Sundial Growers Inc. (SNDL) shares you want to buy.
  • Buy or Sell your Sundial Growers Inc. (SNDL) shares with your chosen broker by placing an order.

You can easily buy Sundial Growers Inc. (SNDL) shares with one of the leading brokers listed below depending on the type of trading you wish to conduct. You can buy Sundial Growers Inc. (SNDL) stock with a broker like eToro or you can trade Sundial Growers Inc. (SNDL) CFDs with XTB.  It really is quite simple to start trading Sundial Growers Inc. (SNDL) shares today.

If you are purchasing stock in the UK or Europe, eToro offer 0% commission on stock. This makes eToro a wise choice of broker when learning how to buy Sundial Growers Inc. (SNDL) shares.

when a client buys Sundial Growers Inc. (SNDL) stock at 1x leverage with eToro, it is completely commission free and you would be buying the actual stock.

Also with eToro, you can buy fractional shares – The Minimum deposit with eToro is $200, and to buy stock, $50 is the minimum trade.

eToro are not only market leaders but also one of the cheapest places to buy Sundial Growers Inc. (SNDL) shares.

 

 

Scroll down to read our in depth article on How To Buy Sundial Growers Inc. (SNDL) Stock. What you should know, Types of trading Sundial Growers Inc. (SNDL) Stock and CFD’s. Pros and Cons, everything is explained below in our complete guide.

How To Buy Sundial Growers Inc. (SNDL) Shares Guide

Buying Sundial Growers Inc. (SNDL) Stock and CFDs

When investing in Sundial Growers Inc. (SNDL) you have several options open to you and it is largely dependent on what type of investment you wish to do. You can easily buy ordinary Sundial Growers Inc. (SNDL) shares with one of our recommended brokers or you can trade what is known as a CFD (contract for difference).

In this ultimate guide to buying Sundial Growers Inc. (SNDL) stock we will detail for you the difference between the two so when you do come to invest in Sundial Growers Inc. (SNDL) you will be able to decide if you want to buy stock or CFD’s.

 

Sundial Growers Inc. (SNDL) Traditional Stock Dealing vs CFD Trading

CFD (Contracts for Difference) trading is pretty much what it sounds like, an agreement for the “difference”. In trading, this is basically a contract whereby two parties agree that the seller will pay the difference in the value of two financial instruments, usually defined as “buyer” seller”.

It is defined by Merriam Webster as: “A contract made by two or more persons in which they agree to exchange one or more securities for another or a difference in their value; or a contract entered into by a person who has bought a security, the difference between that amount and the price paid for it.”

If you are thinking about buying or selling shares in Sundial Growers Inc. (SNDL), you must first determine if you want to participate in CFD trading or not. If you decide that it’s a good way of making money, then you need to learn more about CFD trading and the best way to do that is sign up for a demo account with a reputable online broker like IC Markets.

CFD trading is a lot like stock trading, except when you exchange a CFD you do not actually own any Sundial Growers Inc. (SNDL) stock.

If you buy Sundial Growers Inc. (SNDL) stock with a leading online broker you actually own a share of Sundial Growers Inc. (SNDL). When you trade a contract for difference (CFD) you only have an agreement between you and your CFD broker speculating whether the Sundial Growers Inc. (SNDL) share price will change up or down.

So why you would buy Sundial Growers Inc. (SNDL) as a CFD instead of stock?

It’s all about leverage…

If you bought 100 Sundial Growers Inc. (SNDL) shares at $50 a share with an online broker you now own $5,000 worth of Sundial Growers Inc. (SNDL).

If you purchased Sundial Growers Inc. (SNDL) as a CFD you can get Sundial Growers Inc. (SNDL) as a share in contracts for difference as they offer increased leverage.

Contracts for difference are traded on margin which means to have $5,000 invested in Sundial Growers Inc. (SNDL) you would not need to invest the full amount as you would with a stock broker. Some online brokers offer leverage at 1:100 so you would only have to invest $50 ( known as the CFD margin ) with a CFD to hold the same position in Sundial Growers Inc. (SNDL). Trading a Sundial Growers Inc. (SNDL) CFD allows investors to hold larger positions than their invested amount.

But be aware that although investing in a Sundial Growers Inc. (SNDL) CFD like this amplifies any potential profit, it also increases your potential losses which may exceed the amount you invested. To protect against this, it is advisable to go with an online broker that offers negative balance protection.

CFD Trading vs Ordinary Share Buying

If you invested in Sundial Growers Inc. (SNDL) shares with an online broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. It is a 1:1 transaction so there is no leverage.

Buying a Sundial Growers Inc. (SNDL) CFD long would be hoping to profit from the share price of Sundial Growers Inc. (SNDL) rising. A Sundial Growers Inc. (SNDL) CFD short would be that you believe the share price of Sundial Growers Inc. (SNDL) is going to fall. Trading CFDs allows you to profit from the share price moving in either direction.

This gives you a much greater chance to be flexible and move with the markets…. Just imagine if you’d shorted airline stock CFD’s just before Coronovirus in 2020….

By buying normal Sundial Growers Inc. (SNDL) shares you can only profit from a rise in the Sundial Growers Inc. (SNDL) stock price.

 

Stock Market Times For Trading Sundial Growers Inc. (SNDL) Shares & CFD’s

If you are buying ordinary Sundial Growers Inc. (SNDL) shares then your trades are limited to when the stock exchange is open if you are trading Sundial Growers Inc. (SNDL) CFD’s then you have a 24/7 access to the market 🙂

 

How To Buy Sundial Growers Inc. (SNDL) Stock With An Online Broker

Buying Sundial Growers Inc. (SNDL) shares with a reputable online broker minimises your risk to losing everything as you have to purchase the total amount up front.  Online brokers offer no leverage when buying Sundial Growers Inc. (SNDL) shares. This means that your risk is limited to your initial investment into Sundial Growers Inc. (SNDL).  You can only lose what you put into Sundial Growers Inc. (SNDL) stock.  Another benefit of buying Sundial Growers Inc. (SNDL) stock with an online broker is that you may be eligible to receive Sundial Growers Inc. (SNDL) dividends.

If you invest into Sundial Growers Inc. (SNDL) via a CFD, you have no privileges as a shareholder as you don’t actually own the underlying stock.  If you buy Sundial Growers Inc. (SNDL) stock through a CFD however, the returns (or losses) can be much greater.

If you own shares in Sundial Growers Inc. (SNDL) you may be eligible to voting rights at Sundial Growers Inc. (SNDL) shareholder general meetings.

 

What Are The Tax Rules Around Owning Sundial Growers Inc. (SNDL) Shares?

This will depend what country you live in as tax laws vary wildly. You should contact your local tax office for complete clarity but normally CFD’s do not incur stamp duty. If you looking to buy Sundial Growers Inc. (SNDL) shares through a CFD, then losses can normally be offset against profits when you submit your tax return.

Generally, Investment in Sundial Growers Inc. (SNDL) stock are only exempt from tax if the Sundial Growers Inc. (SNDL) shares is bought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pension ).

 

Should I Trade Sundial Growers Inc. (SNDL) Shares or Sundial Growers Inc. (SNDL) CFDs?

There are pro’s and cons to both Sundial Growers Inc. (SNDL) stock or CFDs.  Choosing which one is right for you comes down to your appetite for risk.

For long term investments then normally investing in Sundial Growers Inc. (SNDL) stock is the better option as historically companies produce better results over the long term.  For example, If you had bought $1,000 worth of Apple shares on January 9, 2007, (the day Steve Jobs unveiled the original iPhone), your investment would now be worth over $26,000.

Trading Sundial Growers Inc. (SNDL) CFDs is best suited for intra day and mid term traders.  With intra day trading on Sundial Growers Inc. (SNDL), you would be aiming to make profits on the fluctuating highs and lows of the Sundial Growers Inc. (SNDL) stock price throughout the day.  Known as “Day Trading”, it focuses on profiting on the daily price change of Sundial Growers Inc. (SNDL).

With CFD trading you can short or long a Sundial Growers Inc. (SNDL) share price and you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of the Sundial Growers Inc. (SNDL) share price.

Both strategies have different risks and benefits and, as mentioned, it is down to you to decide which one is right for you.

 

Example Cost Of Buying Sundial Growers Inc. (SNDL) As A CFD Trade Or As Direct Stock Side by Side

*The below table is not using live values and is only for illustration purposes. Please open an account with a leading online broker like IC Markets or XTB for correct prices.

CFD and share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Sundial Growers Inc. (SNDL) CFD trade example Sundial Growers Inc. (SNDL) share deal example
Market price $1,000 $1,000
Broker Deal Invest $200 at 1:5 Margin (20%) Buy at $1,000 a share
Deal size 100 shares 100 shares
Initial outlay $20,000

(Margin = exposure x 20% margin factor)

$100,000

(100 shares at $1,000)

Stamp duty No £20
Close price Sell at $1125.7 Sell at $1125.7
Estimated Profit (125.7 point increase x 100 shares = $12570)

 

*Not including commission fees and taxes

($112,570 – $100,000 = $12570)

 

*Not including commission fees and taxes

Trade Sundial Growers Inc. (SNDL) CFDs now with XTB

Trade Sundial Growers Inc. (SNDL) Shares now with IC Markets

 

Our brokerage comparison table below allows you to compare the features for the leading online brokers offering Sundial Growers Inc. (SNDL) shares and CFDs

When we were searching for the top online brokers that offer the ability to trade Sundial Growers Inc. (SNDL) stock, we compared all the important factors to help you make an informed choice.

  • The minimum deposit to open an account.
  • Available funding methods for Sundial Growers Inc. (SNDL) brokers.
  • What types of trade you can perform with each brokerage.
  • Which trading platforms that are supported by the brokers.
  • Spread type (if applicable) for each brokerage.
  • Levels of customer support offered.
  • Whether each Sundial Growers Inc. (SNDL) brokerage offers Micro, Standard, VIP and Islamic accounts.

 

How To Buy Sundial Growers Inc. (SNDL) Stock Explained

Trading in the economic markets with Sundial Growers Inc. (SNDL) Brokers when conditions are uncertain can be difficult, even for highly experienced traders.

There are educational resources online but they are never a substitute for actual trading experience which you can only get if you get started. 

This is why we recommend opening a demo account with a experienced online broker like XM or FP Markets and learn the system of trading well before risking your own money.

Another important factor you must consider when looking for Sundial Growers Inc. (SNDL) brokers is what platforms does that Sundial Growers Inc. (SNDL) broker offer.

You should always choose a Sundial Growers Inc. (SNDL) broker that has leading technology and innovation processes.

To have the greatest chance of success you will need a Sundial Growers Inc. (SNDL) broker you can trust and rely on.

 

7 Factors to Consider when Selecting a Sundial Growers Inc. (SNDL) Broker

Follow these seven rules for selecting a Sundial Growers Inc. (SNDL) broker that’s right for you.

 

Is Your Sundial Growers Inc. (SNDL) Broker Trusted And Established?

Choose a broker that has a good track record in the financial markets to make sure you have the bases covered when beginning to trade online.

One of the best Sundial Growers Inc. (SNDL) brokers is IC Markets. They were established in 2007 and their head office is in Australia.

IC Markets is fully regulated so you can trust that they are a professional company. IC Markets is regulated and governed by the following regulatory bodies:

Australian Securities and Investment Commission (ASIC), 

Financial Services Authority (FSA), 

Cyprus Securities and Exchange Commission (CySEC) 

Another top Sundial Growers Inc. (SNDL) broker is XTB

XTB was established in 2002 and have their head office in Poland

Another top rated broker is XTB.

XTB is fully regulated so you can trust that they are a professional company. XTB is regulated and governed by the following regulatory bodies:

Australian Securities and Investment Commission (ASIC), 

Financial Services Authority (FSA), 

Cyprus Securities and Exchange Commission (CySEC) 

 

Are The Sundial Growers Inc. (SNDL) Brokers The Best In The World?

Try to choose an online Sundial Growers Inc. (SNDL) broker that’s at the forefront of innovation and generally considered an industry-leader. 

IC Markets separates client funds and offers over 232 instruments for trading. IC Markets offers both an online trading platform as well as a mobile platform giving their clients easy access to global markets.

IC Markets is classed as a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

IC Markets also supports many popular third-party trading platforms enabling full access to a variety of financial markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. 

Another good choice when looking for Sundial Growers Inc. (SNDL) Brokers is XTB

XTB also segregates clients funds and offers over 1,500 instruments for trading.

 

What are the Commissions and Fees For Sundial Growers Inc. (SNDL) Brokers?

For safety make sure that your broker is transparent and you fully understand all their fees and make sure they are competitive with other Sundial Growers Inc. (SNDL) online brokers.

Currently, the best-rated Sundial Growers Inc. (SNDL) broker IC Markets, offer very competitive rates for Forex, CFD’s, Share Dealing, Cryptocurrencies and Spread Betting.  The minimum deposit for IC Markets is $200.

A second top Sundial Growers Inc. (SNDL) broker is XTB who offer CFD’s Cryptocurrency, & Forex.  XTB have no minimum deposit so a great choice to get started with.

 

What are the Funding and Withdrawal Options For Sundial Growers Inc. (SNDL) Brokers?

When working with Sundial Growers Inc. (SNDL) Brokers, having easy funding and withdrawal facilities makes the trading process and your trading experience smoother. It is also important so that you can get easy and quick access to your money if needed.

 

Which Sundial Growers Inc. (SNDL) Brokers offer Round-the-clock support?

No matter if you are new to investing or an experienced trader, customer service is universal and very important for Sundial Growers Inc. (SNDL) brokers.

Having access to professional customer support is vital for everything from trading problems to trying to understand the tools that your broker offers.

The customer support of the best Sundial Growers Inc. (SNDL) brokers normally include Phone, Email and Live Chat customer support.

Choosing a top Sundial Growers Inc. (SNDL) broker will also mean that they can communicate in multiple languages to speed up any questions you might have.  Normally they cover English, Chinese, Danish, German, Afrikaans, Japanese, Polish and more.

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

Both IC Markets and XTB offer full support where clients are able to call or contact their helpdesk via email or live chat.

 

Does Your Sundial Growers Inc. (SNDL) Broker Offer Comprehensive Trader Resources?

Any top online Sundial Growers Inc. (SNDL) broker in should offer free tools and resources like analysis and risk management tools.  Leading brokers like IC Markets and XTB also provide breaking news and personalised insights to their clients.

Another great resource for up to date information, news and support is us.  We pride ourselves on making financial choices simple 🙂

For most traders, their main concern is keeping an edge over other traders which can only be achieved by absorbing as much up-to-date information as possible. It will help you navigate the markets and identify opportunities that you can exploit through trades with your broker.

But to do that you need the best broker who is quick and efficient to execute your trades.

 

Why Do Sundial Growers Inc. (SNDL) Brokers Need To Be Regulated?

Because a regulated Sundial Growers Inc. (SNDL) broker lowers your risk.

Broker regulation is there to protect consumers. If you use an unregulated broker then it will lead to very poor services and potentially financial harm or even fraud.

Sundial Growers Inc. (SNDL) brokers are mainly regulated to protect against fraud. They have to keep their money separate from their clients money as if they use client money for their own work they commit fraud. The regulation ensures this doesn’t happen.

 

How To Buy Sundial Growers Inc. (SNDL) Stock – Frequently Asked Questions

How Can I Buy Stock In Sundial Growers Inc. (SNDL)?

The following is an overview of the process to purchase Sundial Growers Inc. (SNDL) stock.

  • Decide how you want to trade in Sundial Growers Inc. (SNDL). Are you interested in Sundial Growers Inc. (SNDL) CFDs or Sundial Growers Inc. (SNDL) Stock.
  • Register with a leading Sundial Growers Inc. (SNDL) broker that suits your needs. We suggest registering with a few to see which one best fits your needs. (Currently the top two online brokers for Sundial Growers Inc. (SNDL) are IC Markets and XTB).
  • Do some detailed research on Sundial Growers Inc. (SNDL) financial reports. (IC Markets and XTB both provide research tools and resources).
  • Finalise your budget and decide how many Sundial Growers Inc. (SNDL) shares you want to buy.
  • Buy or Sell your Sundial Growers Inc. (SNDL) shares with your chosen broker by placing an order.

 

Can I Buy Sundial Growers Inc. (SNDL) Stock Directly From Them?

You cannot buy Sundial Growers Inc. (SNDL) shares directly from Sundial Growers Inc. (SNDL). Stock in Sundial Growers Inc. (SNDL) must be purchased through a stock brokerage firm.

You can buy Sundial Growers Inc. (SNDL) stock with a stock broker like IC Markets or you can trade Sundial Growers Inc. (SNDL) stock via CFD share trading with a broker like XTB.

 

How Much Does It Cost To Buy Sundial Growers Inc. (SNDL) Stock?

All the numbers in this article are for illustration purposes only.  To get the latest Sundial Growers Inc. (SNDL) share price, either Google it or sign up with IC Markets or XTB.

 

What Is The Minimum Required Investment For Sundial Growers Inc. (SNDL)?

The minimum investment to buy stock in Sundial Growers Inc. (SNDL) would depend on the current share price of Sundial Growers Inc. (SNDL) and the costs associated with the stock or CFD broker your decide to trade with.

The price of a Sundial Growers Inc. (SNDL) share changes by the minute. Your other costs would be the minimum deposit required by your brokerage and any commission fees you have to pay for buying and selling your Sundial Growers Inc. (SNDL) stock. You can buy Sundial Growers Inc. (SNDL) stock with a stock broker like IC Markets or you can trade Sundial Growers Inc. (SNDL) stock via CFD share trading with a broker like XTB.

both brokers have a low minimum deposit to trade so you can start trading straight away.