Best OTC Brokers (BROKER)

[fink]

TDA is insane. I only trade penny stocks and I buy and hold a story. I might jump in and out a R/M Momo run like everyone else, but nothing crazy for a $60k account.
This happened to a trading pal of mine too.
No reason given, your just out.
And you cannot transfer penny stocks..
You must sell and rebuy in your new account.
I can’t see TDA winning over too many Scottrade guys like me.
Been with ST since 1994. It’s not like I got no idea what I’m doing.
TDA must be heavily short on the stocks I hold?
Any comments?

[Kodi36]

Which online brokers will actually let you do a premarket OTC trade?

[naturalborninvestor]

[MichaelKane]

Questrade is no good for pennies. Especially if it's a non liquid one. They have that 20% liquidity rule like Apex/Penson had

[tuanming]

Please help. Read below

I currently have etrade and I have a margin account with less than $25,000 and I am marked at pattern day trader. Meaning I am now restricted....is there any way to "bypass" the stupid restriction(s)?

Would it be better to open the 2nd cash only account within etrade and transfer half of the money from the "margin" account and into the cash only account? Or would it be better if I have 2 brokers (Etrade and Fidelity)?

[jj pop]

I also need review on Questrade and optionexpress

[antferrara1]

Due to rule changes at Merrill, I need to transfer shares of CANN (OTC stock) to a new broker. While I am finding brokers that allow trading CANN, I am having trouble finding a brokerage that will allow me to transfer my existing shares. I do not want to sell them, because some of the shares are at a loss, and I would have to wait 30 days to re purchase them- and I think the price will go up during that time frame.
Does anybody know a brokerage that has good prices and will accept transfers of OTC stocks under $5 per share? Please let me know- thank you

[ser41]

Hi. Interactive brokers and Just2trade are good.

[jubbyjubber]

Hi anyone use Questrade?

[gwallusche]

Hi

I write from Montevideo, Uruguay. I want to hire an usa online broker with an online platform to trade daily. Which is the best broker for a non usa citizen? Broker for the OTC market and NASDAQ market.
Thanks
Gabriel

[TAKURI]

Those are thieves .... liars ........ On their site they put $ 2.5 per trade LOOOOOOOL !!!!!!
I had to wait three weeks to withdraw my money ... lost 3% of commision
In addition there are costs of inactivity .......... The worst "broker" I met.
Never open an account at "Just2Scam"

[jeffs177]

I have an ongoing problem myself with Just2trade. I have a worthless security in my account that they informed me that there is now a quarterly inactivity fee of $15. I told them to do whatever they need to do to remove it. Their response was “sorry, we’re unable to remove it”. That was it, so now I have no idea what to do about removing it. Just2trade is a sham and they’ll do whatever they can to take your money.

[TAKURI]

https://www.stockbrokers.com/review/just2trade

[TAKURI]

JUST2TRADE

[TAKURI]

WARNING !!!!!!

Never open an account at Just2Trade for the Pinky market, because: first I asked them if they was doing the Pinky market, answer:"Yes no Problem !". Then for the documents it took more than ten days. I did the money transfer. And, the great surprise arrives;
Just2Trade informed me of two great problems :

1/ Just2Trade does not give all the penny-subpennylland/Pinky tickers.........only about 50.... only of their choice!!!!

2/ I placed an order of 2M of securities at $0.0004.................and very big surprise... commission fees...$5030 YES!!!
$5030 ?!?!?!

I almost fainted ! I asked if there was no mistake.... Answer: "NO"

[Crz]

Looking for brokers dealing with OTC markets located and operating out of the European Union and UK (Ireland). PLease feel free to make suggestions. Thank you.

[gwallusche]

One question, the trade cost in tables is the cost by share bought or by the total purchase in one way?

[nsalvatore]

Interactive Brokers is by far the best brokerage for trading penny stocks as long as you have $3k minimum and are under 25 years of age. if you meet those requirements you should definitely use them. after that its a toss up between E-Trade and Charles Schwab. every other broker is a piece of shit. so stay away from anyone else other than the two I have listed on here.

[Chartmaster]

Any brokers trading in 5 decimals? .00009?

[Monroe1]

thanks for that!

[Coz Mabluda]

Monroe. Check out E-Trade. Some of the posters swear by them & would not go anywhere else.
Go to the NEWBIES BOARD & post your question there as well.

[Monroe1]

Any new brokers that anyone likes for trading pennies?

Just2Trade.com seems like they have it together, but have been told
they will not trade any stocks where pps is under .05

Anyone know about this company Just2Trade?

Suggestions?
I need another account other than Fidelity.




Anyone using RobinHood?

thanks

[Wallstreetwarriors]

Guy is Suretrader have screener ?

[Almost A Myth]

Anybody use Trade Station? I'm currently with Ameritrade and the platforms are horrible. Looking for a good broker who has a penny-friendly platform. Demoed a bunch but can't find anything good. Any suggestions?

Tried but NG for one reason or another:
Etrade pro
Thinkorswim - TD ameritrade
Trade architect - TD ameritrade
Options express
Options house
Schwab street smart edge
Merrell lynch - forget the name of the platform. Max trade size = 1 million shares.

[louisgeorge]

What is the best broker for OTC shorting with a $5000 or less account minimum? I use etrade right now and they can't find any shares to short.

[SiralDON]

Is Speedtrader good?
I want to know if they allow trading sub-penny stocks as well, has anyone had an experience with them?
It would be really appreciated if anyone can answer my question.
Thank you,

SiralD

[goforthebet]

I was looking around too and found Interactivebrokers.com

they took the shares of a otcqb company. and very cheap. not a very complicated process, but I had book shares, which could be transferred via DRS.

so I do not know how that is handled with a paper certificate. call them, they are helpful and quick

https://www.interactivebrokers.com/

[iancnyc]

I currently use Ameritrade

But I wanna switch brokers

I want lower commission then 9.99

I want no cap on size and freely trade pinkys with no hidden commission fees
And I need a simple real time level 2 mobile app to watch

Etrade has a good promotion to move over to them but I read they have the worst execution

What is the best?
Speed trader?

[pent]

Broker that takes certificates?

I am looking for a broker that takes certificates for OTCBB or OTCQB for fully reporting companies. What I mean is one that will allow for the physical deposit of a stock certificate (restricted usually after the restriction is eligible to be lifted)?

Does anyone know one? The discount online brokers typically don't do this for stocks under a dollar.

[palevagrant]

OptionsHouse:

https://www.optionshouse.com/rates/fees/
https://www.optionshouse.com/rates/

Flat rate $4.95
OTCBB (Pink Sheets) commission = $0.0005/share

[NYC Trader]

$STBV .05 ready to run! http://www.otcmarkets.com/stock/STBV/quote

[Italia77]

Actually they doens't offer anymore Level2 for free if you have balance of 2.500$ like before, I hope they will reprovide this offer because I need it.

I have no experience with other brokers, so I cannot compare them...

[jj pop]

How is it with just2trade. Are they giving you itches?

[MG123]

SURETRADER IS THE BIGGEST POS AGREED!! THEY ARE SCAMMERS CHARGING ABNORMAL FEES!!!!!!!!!

[Italia77]

Actually no news,
I looked for Speedtrader but to have Level2 on otc the Speedtrader Pro platform seems too expensive for me..

[Wildbilly]

Any luck?

[kjem]

Hi Italia, Read post# 752 before you put your money with Interactive Brokers. Sounds like Penny stock investors are not treated well by IB.
Good Luck

[Wildbilly]

Hello Italia, you might try over here,

just be patient waiting for an answer being a holiday weekend.

Investor Help (NO Ihub questions) Message Board - InvestorsHub
http://investorshub.advfn.com/Investor-Help-(NO-Ihub-questions)-6798/

The question has come up before and I believe Interactive Brokers was one choice. Their initial deposit requirement used to be $10,000, not sure now.

Interactive Brokers
https://www.interactivebrokers.com/en/home.php

Possibly SogoTrade as well.

Online Trading - Trading Online - Stock Broker | SogoTrade
http://www.sogotrade.com/

[Italia77]

looking for a new broker for OTC,
now I'm using Just2Trade,
can you update this post please?
http://investorshub.advfn.com/Best-OTC-Brokers-BROKER-15250/

I'm a not US resident I come from Italy,
which alternative?

THANKS

[XenaLives]

And IB probably loaned your shares out as soon as they got them. Recieved shares of an OTC in legit compensation for employment, they took 5 million free trading shares and then said I couldn't trade them for a year. After about 9 months of arguing with them on an on I said give it to me in writing that I can trade them after the year and they said "No, it's two years now". Transfer agent (Continental, very legit) had to get involved and I had to pay them a processing fee to get my own shares back after they lied to me.

[NYC Trader]

$MEME combines organic growth initiatives with targeted roll-ups in key jurisdictions around the world. At present, mobile content distribution companies are undervalued by the market, which misunderstands their intrinsic value. Not only are their established business models more durable than they are given credit for, they offer tremendous development and exploitation opportunities in evolving content categories, as well as advertising, marketing and financial applications that take advantage of the distribution and reach inherent in these platforms.

[janitor_unbound]

TDA policing what you can and can't trade (e.g., can't trade DTC chill stocks) is a much greater problem for me than all the E*Trade issues combined.

[NYC Trader]

$NXTD As we mentioned at the start of the note the risk/return from the current stock level is very attractive. Longer-term investors will also note that our the IV for 2016 doubles so if NXT-ID exits 2015 with good momentum there is quite a bit of additional upside.



http://stockpumpers.blogspot.com/2015/08/soundview-technology-group-issues-nxt.html

[NYC Trader]

$ABOT .63 ready to fall! Scoobeez’s Major Recruiting Event Sponsored by AutoClaim http://finance.yahoo.com/news/scoobeez-major-recruiting-event-sponsored-120000707.html

[NYC Trader]

$NTFU manufactures and distributes a line of oral spray nutritional and dietary products direct to the consumer and to retail and wholesale outlets. Oral spray delivery systems are now at the forefront of medical technology and are already an approved methodology for pharmaceutical and nutraceutical products worldwide. This revolutionary delivery system is being hailed for its convenience, dosage precision and timely assimilation into the body. Our product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. NutraFuels products are sprayed into the mouth in the form of a fine mist entering the delicate tissue of the mouth. The nutrients are delivered directly into the bloodstream and assimilated throughout the body, avoiding the solubility and absorption problems common with most ingested vitamins and nutritional supplements in pill or liquid form. See their full product line at: http://nutrafuels.com/products-page

[NYC Trader]

$XFUL Our existing projects are moving forward comfortably and are producing revenue for the company. Our growth over the past has been accelerated to meet our delivery targets and to date we continue to do so.

http://finance.yahoo.com/news/converde-energy-shareholder-100000542.html

[Bimmerx53]

To add to that, the commission has a ceiling of $5.50, so trading stocks such as OTC, you won't go over $5.50 commission.

That's what they said on the website but I'll be calling them soon to confirm.

[NYC Trader]

$ABOT MORE 0.72s GOING NICE ACTION TODAY UP 31% ON 7K VOLUME

[protagonist12]

I'm hearing mixed things about Centerpoint Securities. Anyone have anything to share about them?

[Andrew23]

Are there any brokers that have better than 2-1 overnight margin leverage? I am currently using Etrade but would like something with higher leverage if there is any.