How to Buy Volkswagen Stock in Canada in 2024

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Volkswagen is traded on the Frankfurt Stock Exchange in Germany.

This makes buying and selling shares as a Canadian investor slightly more challenging than stocks that are traded on Canadian exchanges.

However, there are a few simple steps you can follow to add the German car manufacturer to your stock portfolio from the comfort of your own home!

1. Select a suitable trading platform
2. Create a new account on the broker trading platform and deposit funds
3. Select the company you want to invest into (i.e., Volkswagen)
4. Choose your order type and the number of shares you want to buy
5. Execute the trade

1. Select a suitable trading platform

The first step to buying Volkswagen shares requires you to make a decision on the trading platform you would like to use.

Canadians have several options available to them either through their bank (e.g., CIBC) or through other platforms (e.g., Wealthsimple).

Given that Volkswagen is a German stock though, it is important to pick a brokerage platform with international capabilities. In Canada, one such platform is Interactive Brokers which offers access to 150+ global markets around the world.

  • Ability to purchase Volkswagen stock in Canada
  • Low commissions
  • Aims to get you the best possible price

2. Create an Account

Once you have selected the platform you would like to trade with, you have to open an account with that platform.

Most platforms will ask for identity verification details to validate that you are who you say you are.

By having your proof of ID (such as passport, driver’s license, etc.) ready to go, you can save time on the account opening process.

3. Select the company you want to invest into

In this case, you are likely looking to invest into Volkswagen.

Different brokerage platforms have different user interfaces for how to navigate to your selected stock.

Once you are familiar with your chosen brokerage’s interface, you will need to enter the stock ticker (VOW.DE).

Alternatively, you may also be able to write out the name of the stock (Volkswagen AG).

4. Choose your order type and the number of shares you want to buy

Once you have located the relevant stock, the next step is to enter the number of shares you want to buy of the stock.

At this stage, you will also need to select your order type. In general, you have three main types of orders:

  • Market order: Your order gets fulfilled at the prevailing market price
  • Limit order: An order to buy a stock at or below a maximum threshold. Your order only gets fulfilled if the market price meets this threshold or is lower.
  • Stop order: An order to buy a stock only when it reaches a pre-defined threshold. Your order gets fulfilled at the next available price once this threshold is met.

5. Execute the trade

The last step is to execute the trade by pressing the ‘Buy’ button.

At this stage, the brokerage platform will match you automatically to a seller willing to sell their shares at a mutually acceptable price.

Once this transaction is complete, your order is said to be ‘filled’, and you are the proud owner of Volkswagen’s stock.

How Many Volkswagen Shares Should I Buy?

The number of shares you should buy is dependent on your own personal financial profile and portfolio size, investing strategy and risk tolerance. Your investment criteria may differ entirely from your neighbours, and there is no single right answer.

For example, you may already own shares of another automotive company.

In this case, you should consider whether you want to add Volkswagen shares, replace the existing shares with Volkswagen stock or keep them as they are.

Similarly, if you are a passive investor, then you might want to find ETFs or mutual funds that hold Volkswagen stock rather than owning the stock yourself.

Another consideration is that auto stocks tend to be more cyclical and follow the general health of the economy.

As such, if you have a bullish view on the economy in the short- to medium-term, then you might want to buy more shares of the Volkswagen stock.

However, if you have a somewhat pessimistic view, then you may want to lower your exposure to Volkswagen or skip it entirely.

It is also important to do your research on Volkswagen to understand their strategy and operations.

Since the company is publicly traded, you can find a lot of good information in their most recent annual report or quarterly filings which contain comprehensive insight into the business’s history, recent financial results, growth plan, risks, and more.

You can check out Volkswagen’s Investor Relations page to find various filings, press releases, and presentations that will help you better understand the company.

This information can also help inform your decision on the number of shares you want to buy.

Volkswagen Company Overview

Volkswagen is one of the world’s largest automotive manufacturers.

Headquartered in Wolfsburg, Lower Saxony, Germany, Volkswagen employs over 660,000 people globally and sells its cars in 153 countries.

The Group is comprised of two main divisions: (i) Automotive, and (ii) Financial Services. The Automotive Division is segregated into three further business areas: (i) Passenger Cars which include its Volkswagen, SKODA, SEAT, Audi, Bentley, and Porsche brands, (ii) Commercial Vehicles which include the Scania, MAN and Navistar brands, and (iii) Power Engineering.

The Financial Services division consists of revenues generated from dealer and customer financing, leasing, direct bank, insurance, fleet management and mobility services

As per its most recent annual report, Volkswagen sold a total of $8.6 million vehicles, generated 250 billion Euros in sales revenue and earned 19.3 billion Euros in operating profit.

Frequently Asked Questions

  • Can I buy Volkswagen stock in Canada?
  • Can I buy Volkswagen stock on Wealthsimple?
  • Can I buy Volkswagen stock on Questrade?
  • Can I buy Volkswagen stock on Interactive Brokers Canada?
Harshil Dhanky

Harshil Dhanky is a financial services professional based out of Toronto, Ontario with extensive experience in the Canadian banking industry across Toronto, Calgary, and Vancouver in the capital markets, asset management, and lending sectors.

In the past, Harshil has worked with a range of consumer lending websites, personal finance advisors, investment managers, insurance companies, and other financial institutions to write and edit whitepapers, articles, blog posts, and other collateral read by consumer audiences to help them make better financial decisions.

His work spans a wide range of Canadian personal finance topics including savings and retirement programs, debt management tips, mortgages and personal loans, and other key financial issues for Canadian consumers at each stage of their life.
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