Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$AXCG approaching 100 million in vol +10% on News! Eyes on the Go, Inc. Division GANDER.tv Partners With Sony Entertainment And Turnstyle Music Group To Stream Two Shows To 10 Million PlayStation Users http://finance.yahoo.com/news/gander-tv-division-eyes-inc-114500019.html
$PPJE ~ Regarding other news and events, the company reminds its followers to monitor OTC Markets filings tab for further newsworthy events and corporate updates, which will follow as they happen (http://www.ppjenterprise.com).
$GWPC completed its Phase 2 of the creation of a Rapid Ebola Test, which can be done as easily as a pregnancy test
Ebola ticker here has AH News, check it out http://www.marketwatch.com/story/wholehealth-products-inc-is-extremely-pleased-to-announce-that-it-has-completed-its-phase-2-of-the-creation-of-a-rapid-ebola-test-which-can-be-done-as-easily-as-a-pregnancy-test-2014-10-14
$GWPC getting a buy rating here http://www.barchart.com/quotes/stocks/GWPC
$SSFT .065 one mm left on the ask! http://stockpumpers.blogspot.com/2014/10/sonasoft-poised-to-beat-third-quarters.html
$NWTR New Western Energy (NWTR) Signs LOI to Acquire Majority Control of Island Energy Partners, LLC http://stockpumpers.blogspot.com/2014/09/new-western-energy-nwtr-signs-loi-to.html
FIDELITY execution is AWFUl, you can establish a new bid or ask, then when your price gets hit, ANY and EVERY body who piled on AFTER you ESTABLISHED that new best bid/ask will get filled BEFORE you
CBYI Reuters Management http://www.reuters.com/finance/stocks/companyOfficers?symbol=CBYI
SSFT Check out the company website: http://www.sonasoft.com/
NGMC ~ Marijuana Sector is the place for entrepreneurs, investors, growers and retailers who hope to snatch their share of a $1.43 billion industry that's projected to grow to more than $10 billion by 2018.
NSCT Physician financial and clinical systems are rapidly evolving and are the main driving force to meet the heightened demand for increased efficiencies and actionable information to help physicians make better decisions about patient care and profitability.
I checked in on my old Zecco account and noticed they moved to trade king. Tested to see if I could purchase a stock with DTC chill and got a message about only 50,000 shares can be purchased, or call them. Screw that.
That's what I am afraid of. My financial advisor will not accept pennys either, so I guess it's back to him for a solution. Thanks for the input.
ETRADE is the best one for penny stocks by far. IMO
I don't think any except penny transfers though.
Have you found a decent broker? I'm having a hard time finding one that seems decent AND will accept penny stock transfers.
OptionsXpress says they will not accept penny stock transfers. It looks like they don't even support sub-penny L2, so how is it so great?
What broker will allow shorting of penny stocks?
did you find one for non US? whatd you pick? i guess it also depends on where you live at.. eg. german speaking country , east europe etc.
Hello all..BIG JOHN here I found 67,400 or 26%,missing from my ameritrade account one morning.....do any of you the way I can get it back? I have visited the brokerage and tried to get them to go through my account trade by trade to prove to them that I didn't lose the money trading, but they said they don't have that information or any way to get it. I'm sick over this, and I beg your assistance...............MANY THANKS in advance for your time.....john y.
If you're really looking to play sub penny stocks (.0001) the best broker would be ETRADE.
#1) Flat rate commission of $9.99 a trade with NO extra fees for low priced stocks.
#2) UNLIMITED share size purchasing allowed in an order.
#3) Allows trading on the most penny stocks, meaning you can often buy DTC Chills when other brokers cannot.
That's ALL needed when playing sub penny stocks.
So while other brokers have extra fees for low priced stocks, have a limit of like under a million shares allowed in an order, and don't allow trading on DTC Chills, ETRADE doesn't have such extra fees, no limit to share purchasing (buy 50 million shares if you like), and allows trading on the most DTC Chills.
I am looking to open an account in optionxpress based on all the recommendations here. They seem to be good. Anyone know if they restrict buying any stocks like ones priced at .0001. Thanks
I just receive this email from optionsxpress:
Hello XXX,
The International pricing for stock trades is $9.95 up to 1000 shares if you make 9 + trades per quarter. If you are trading 1001+ shares it is $.01 per share. So if you are looking at 10,000,000 shares that is multiplied by $.01 = $100,000 for commissions alone, plus the price of the trade. We would not charge this high, we would only charge 5% of the total price of the order. So in your example of a price at .0003 with 10,000,000 shares at $3,000 we would charge you at a maximum, 5% of that total trade price or $150 for the commission if you did 9 + trades a quarter. Remember that the stock commission rate is higher if you do not have the trades per quarter minimum, which is $14.95 up to 1000 shares or 1001+ shares $.015 per share.
You can do the live chat with them during normal business hours to ask. If you check out their Other Fees page, you will see the low priced stocks on the bottom which is as follows:
Low Priced Stocks
For stocks priced less than $1.00, add $0.003 per share for the entire order. Maximum commission per order not to exceed $5.50, with a minimum commission of $2.50.
I confirmed multiple times with them since I'm with Sharebuilder and they gouge low priced shares by taking 15% of all trades, so it was like music to my ears haha.
Hope this helps.
Just2Trade - I see this on their website - For stocks priced less than $1.00, add $0.003 per share for the entire order. How does it work for you guys for penny stocks?
I've been told that some retail brokers will accept trades between zero and .0001 i.e. .00007
Anyone know about this??
Yeah I can confirm that USAA is TERRIBLE for trading OTC penny stocks. Fees are $5.95-$8.95 per transaction plus $0.01 per share on buy/sell transactions for stocks under $1.00. And although I haven't encountered restrictions on the number of shares I can buy per day they certainly restrict you to selling no more than 9500 shares per day period which is ludicrous. Then I got hit with a $70 foreign transaction fee for buying 5 shares of GWPRF and will get hit with that same fee if I sell. The fee was more than I spent on the stock. And don't be lured by their 50 free trades for opening an account. That only applies if each trade is less than 1000 shares.
Thanks for the information. How long have you been using optionsxpress? Have you ever been restricted from buying an otc stock with them? Thanks.
I am currently with Sharebuilder, and I'm looking for a new broker for... reasons.
First is they have no trading tools whatsoever. They have charts, but at a 15 minute delay, it's better to look elsewhere.
Commissions are pretty crazy. They charge $6.95/trade with $0.007 per share under $1. The commission maxes out at 15% of the total trade, which makes it quite hard to trade pennies effectively.
Order executions are extremely quick, usually within about 30 seconds of placing the order, I saw it pop up on the stream.
I originally got this for trading NASDAQ and other higher stock prices, but you can't beat the profit margins of pennies. Sucks I didn't realize the fees until I already made the account. Such is life though I guess.
Hope this helps anybody interested in Sharebuilder since I'm not seeing much information on the intro.
I just got done talking to Just2Trade, and asked them about the 5 Million share limit. They said it was just per order, so you can have as many shares as you want.
Hello everybody!!! Can anybody recommend broker or prop company to trade OTC and pink sheets. I interest stocks from $0.01 to $1. And volume form 10k to 300k for one trade. And with commission for trade no more than $10. Ty!
FIDELITY's "Active Trader Pro" Program DOES NOT show the BIDS and ASK's for pennies!
Sucks!!
HazToNav
Hear, Hear. flat rate o.k. nice trading platform. But if they restrict most of the penny stocks then what's the point???
optionsXpress Is The Best Penny Stock Broker
optionsXpress (at http://www.optionsxpress.com/ ) is the best (OTC, Pink Sheet) penny stock broker I have found so far; They charge a flat $8.95 rate for any amount of shares (and they do not have a maximum limit on the amount of shares you can buy [just2trade only lets you buy up to 5,000,000 [5 million] shares (so if you wanted to buy 50-million shares you'd need to place 10-separate orders with just2trade. With optionsXpress you could buy 50,000,000 (50 million) shares of a stock at .0001 cents a share if you wanted and it would only cost you $8.95 commission. Scottrade charges $7.00 plus 0.5% of the principle; So if you sold a stock and made $100,000 at Scottrade you would owe $7.00 plus $500.00 = $507.00 commission at Scottrade]. optionsXpress does not charge a re-org (re-organization) fee when a company changes their name and does a reverse split [Scottrade charges a $20.00 re-org fee; and if you transfer everything out of Scottrade into another broker Scottrade charges a $75.00 fee as well]. In addition Scottrade restricts the buying of a lot of penny stocks; optionsXpress does not. optionsXpress does have free LIVE streaming quotes and LIVE streaming charts. The only thing optionsXpress does not do is let you get the ASK or BID prices on OTC/Pink-Sheet stocks; but you can get free real time quotes at http://www.otcmarkets.com/ during the trading hours.
E*trade restricted some OTC stocks. J2T also?
Has Etrade gotten any better? Is the two thumbs up review 5 years old or has it been updated recently? I'm using J2T but don't like the 5mill share limit.
indeed I left them for this, could be good if one is an active trader.
Btw I am with just2trade but very good experience so far.
SpeedTrader charges a $30.00 Inactivity Fee - Quarterly (if under 15 trades). That's not good.
Who is the best OTC penny stock broker?
I have not found the perfect penny stock broker yet. Scottrade, optionsXpress, and Just2Trade all have something that isn't good for a person who buys OTC/Pink-Sheet penny stocks. What penny stock broker do you use? How much would they charge a person that buys 50-million shares of an OTC/Pink-Sheet stock at .0001 cents a share? Do they have a maximum amount of shares you can buy? [Just2Trade only lets you buy up to 5-million shares of a stock]. Do they offer FREE LIVE streaming quotes? Can you get the ASK and BID price quotes on a stock? [optionsXpress said you cannot get the ASK and BID price quotes on OTC/Pink-Sheet stocks at optionsXpress]. Do they limit a lot of OTC or Pink Sheet stocks? [Scottrade restricts the buying of a lot of OTC and Pink Sheet stocks; If you were lucky enough to be able to buy one of those OTC/Pink-Sheet stocks before they restricted it, you can only SELL that stock now]. I have yet to find the best OTC penny stock broker.
Best Penny Stock Broker
Scottrade:
Scottrade restricts a lot of OTC and Pink Sheet stocks (AQUM, AXLX, XNRG for example); You go to place an order and an error message pops-up saying to contact your local office; When you do they say you can SELL the stock if you own it, but you no longer can BUY that stock. Then they give you a bunch of excuses why. Scottrade is probably the worst when it comes to restricting the buying of many OTC/Pink-Sheet penny stocks. Scottrade charges $7.00 plus 0.5% commission [So if you buy $100 worth of a stock they will charge $7.50 commission. If you buy $200 worth of a stock they will charge $8.00 commission and so on. And if you were lucky to make $100,000 on a penny stock and sold it, Scottrade would charge $507.00 commission; So keep that in mind when selling your stocks with Scottrade]. Scottrade has free LIVE streaming quotes (so you can see all of your stocks together in one window LIVE throughout the trading-day). And you are able to get the ASK and BID prices on OTC and Pink Sheet stocks in their QUOTES section. I do not recommend using Scottrade because they restrict the buying of a lot of OTC or Pink Sheet stocks; You may be able to buy an OTC or Penny stock one day, but a few weeks later if you want to buy more shares of that stock you may not be able to buy shares of that stock anymore because Scottrade restricted buying shares of that stock [This happened to me twice so far and I've only been with Scottrade for a few weeks].
optionsXpress:
optionsXpress only charges $8.95 a trade (Example: If you bought 50,000,000 (50-million) shares of an OTC/Pink-Sheet stock at .0001 cents a share = $5,000.00 plus the $8.95 commission. That's a great deal. optionsXpress also offers free streaming real time quotes for (non-professional) individual, joint, and IRA account holders as well as Trust accounts that use a social security number for the tax ID. Corporate accounts cannot receive real time quotes. Please keep in mind that for real time quotes, accounts also need to be funded. IMPORTANT: Because you trade OTC stocks you should also be aware that optionsXpress' platform will not provide Bid/Ask quotes for those stocks, it will only display the last sale. OptionsXpress does not charge an incoming fee for account transfers. You should check with your current broker to see if they charge a transfer out fee. To facilitate a transfer into optionsXpress, that request can be made at optionsXpress. If you are opening a new account you will be prompted at the end of the application to specify your funding method. Simply choose “ACAT” (account automated transfer) and enter in the contra firm info and choose “Full” or “Partial”. Once submitted, the optionsXpress transfer dept. will issue that request and bring the positions and cash over from the broker you are transferring out of.
Just2Trade:
Just2Trade has a 5,000,000 (5-million) share limit! So the most you could buy with Just2Trade is $500.00 for a .0001 cent a share OTC/Pink-Sheet stock. That's not good.
I pay 2.50$ at a trade. When you sell you pay 2.5$ + the sec31 fee and TAF fee like any other broker.
All problems I had were solved with chat. I tried speedtrader and was good but I was not trading much and closed the account.
just2trade seems pricy. i used to pay 7 or 9 bucks per trade.
We offer unlimited trades for $2.50 and 50¢ per contract. For stocks priced less than $1.00, add $0.003 per share for the entire order.
i have liquid cash. as to why they just stated that they have the right to close any account which thier risk teams feels. this account is 99% penny plays
just curiosity, why is this happening?low balance?
I am really ok with just2trade for trading otc and pink.
looks like fidelity is starting to close accounts trading pennies... just got a notice that my account is getting closed.. this account is pretty much pennies. but they wont say it..
03/11/2014
Warning We have reviewed your interactions with our firm and concluded that Fidelity cannot provide the level of service you require.
Next Step
Service will be discontinued and the account(s) will be considered closed. Your account will be limited to withdrawing any securities positions or cash balances that may exist.
Pls do you use lowtrade.com or ever had an experience with them.
I want to know if they are good to trade with. thanks
Pls do you use lowtrade.com or ever had an experience with them.
I want to know if they are good to trade with. thanks
Sogo Brokerage?
Further along, I wonder if anyone has a view about this brokerage operation? They're willing to harbor a US citizen with an address abroad.
- Pappi
I'd be happy to hear of anyone successfully using a good broker that readily accepts a US citizen permanently resident in the EU, without a domstic US residence address. My current brokerage has decided to stop dealing with ex-pat US citizens.
I've learned the IB and Sogo will take me and migrate the accounts. So it isn't hopeless....but I thought to float this query on IHUB to hear suggestions.
Thank you.
- pappi
Followers
|
76
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
841
|
Created
|
04/09/09
|
Type
|
Free
|
Moderators |
PUMP your favorite broker(s) and tell us why we should use them!
BASH the crummy ones and tell us why we should not use them!
The brokerages are based on a five thumb rating system. Please note that I bear sole responsibility for the opinions provided of these brokerages represented in the table below. I encourage you to quibble if you feel a rating is unjustified (either positively or negatively).
PLEASE NOTE WELL: The reviews in the table below are as unbiased as humanly possible. The thumb ratings are a sum of feedback from my own personal use, friends and associates comments, and other research I've done online. None of these brokerages are compensating me in any way.
ALSO REMEMBER: These ratings are in the context of the broker's usefulness for OTC trading. Many of the brokers that are unacceptable for OTC trading are great for big board issues. So everything posted about these brokers on this board are run through the filter of how it works for trading OTC stocks!
5 Thumbs = Out of this World Incredibly Awesome WOW
4 Thumbs = Truly Excellent
3 Thumbs = Acceptable but not writing home about it
2 Thumbs = Unacceptable and shoddy
1 Thumb = Truly Poor
Brokerage Name | Trading Cost | Executions | Customer Service | Trading Platforms / Software | Online Buying Restrictions | Other Fees | Market Maker Routes | Other Notes | Actual User Reviews |
Overall Rating for OTC Trading: | $7.95-$14.95 online trading Broker assisted = mor | Provides some of the worst executions for BB and Pink Sheets issues of any major broker.
| Better not to call unless emergency situation! Most of the customer service reps have zero understanding of the OTC investors' needs and desires. | Etrade has one of the best trading platforms around...the Power Etrade Pro platform absolutely rocks. Too bad everything else about Etrade is horrible for OTC folks. | Certainly not as aggressive as Scottrade is in restricting some issues to call in orders only. But still above average in the number of issues it restricts. | There is a crazy $40 per month inactivity fee. There are some other ones but certainly not bad. | Very poor selection of routes, and you can only choose other routes if you have the Power Etrade Pro status (which you have to achieve through # of trades or through monthly fees). | I have personally used E*trade over a period of several years and would never recommend them if you plan to trade OTC issues. | Link #1 |
Overall Rating for OTC Trading: | They charge % commissions on low priced stock. Will average you about $15-20 per trade (one way). | One of Scottrade's best features is the quality of their executions. They use NITE primarily. | Probably the best customer service in the business. Local branches. Native English speaking sharp people. Friendly, fast, and professional. | The Scottrader Elite platform is a very solid trading platform. You have to qualify for it though through balance amount or pay a monthly fee.
| Absolutely ridiculous. Scottrade has lost a ton of good business because of their idiotic and dictatorial rules about restricting online buying of certain issues. This alone is enough to make the real OTC pro have at least one other brokerage account besides Scottrade. | Reasonable. | Terrible selection of routes. | I have personally used Scottrade. I would only recommend them as your primary OTC broker if you do not plan to trade actively (i.e. less than 2 trades per week). | |
Overall Rating for OTC Trading: | $9.99 per trade which is high for trading OTC | Executions are very good! | Pretty hard to beat TDA for customer service | Good platform and decent charting tools | They do restrict some OTC's but are by far better than Scottrade which is horrible | Link #1 | |||
Overall Rating for OTC Trading: | Maximum share size is 999,999. When playing triple zero stocks this could amount to quite a bit more in commission. | ||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | Extremely reasonable trading costs as low as $2.95 per trade for high volume traders. If you have a decent sized balance you can call and negotiate a lower price. Average cost is about $7-8 per trade. | Not the greatest executions, but certainly acceptable. To buy, I've found NITE or UBSS to be the most effective. To sell, I've found NITE, HDSN, or DOMS to be the best. | Informed, capable, and professional customer service is the norm. | They offer the DAS Trader Pro platform. This is an industry standard and you'll find it at several of the more "professional" discount brokerages. | They very rarely restrict issues to online buying. | Since Speedtrader clears through Penson, you can get nickeled and dimed when trading OTC issues. This is standard with Penson though, and any brokerage you use that clears through them will have at least some hidden fees imposed by Penson. | Fantastic selection of free or extremely low priced market maker routes. | Clears through Penson. | |
Overall Rating for OTC Trading | $2.50 per trade is tough to beat! Low commissions are the claim to fame for Just2Trade. | Very good on the executions. They have GTC for OTC's | Always prompt and helpful via email or phone. | They have a basic trading platform and a L2 which services the big boards only at no extra cost. Nothing fancy but the price is right. | NO restricted stocks!!!! | | Everthing routed thru ETMM | Excellent bang for your buck! Clears through Legent. I think right now, to trade both OTC, Nasdaq and options, its one of better ones out there. | |
Overall Rating for OTC Trading: | $4.50 per trade and you get 10 freebies if you have 25 executions within that month. Also if you maintain a $25,000 balance you automatically get 10 freebies per month | ![]() ![]() ![]() ![]() ![]() | Customer service is not the best compared to others. | They use asp.net software. not dynamic. not good for day trading. | No restriction for most of the stocks | No hidden fees | PERT/NITE | Their trading platform is very basic and is not dyanamic. Trading platform jams up during trading hours making you feel helpless. Stay away. Zecco is the worst we have out there. You are paying for your trades in other ways besides money with Zecco! Frustration, time, etc. | |
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | $7.95 per trade with a minimum $500 to open a cash account | ||||||||
Ovrerall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | commissions are ridiculous. You will loose more than you make.. 10$ comission plus other fees. Just for round trip you are paying close to 30$. | fast | Forget it | DAS | No rest | lots of them. Stay away. not for retail customers.... | few routes... bu they suck | On the whole, i would give them a one star.... | |
Overall Rating for OTC Trading: | Post R/S shares appear and are fully tradeable extremely quickly. | LINK#1 | |||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | Initial cost is not too bad but they will really kill you in extra fees that "the MMs charge us." Don't use TradeKing if you plan to trade OTC issues, period. | Selling OTC shares was a real challenge with these guys. | Completely unacceptable. Rude, unprofessional, quick-tempered, fast-talking jerks on the take IMO! | They don't have much to offer in the way of trading platforms for OTC investors. | I found this to be acceptable. | Outrageous hidden fees for buying OTC issues. They accused me of trading "foreign" stocks when I had purchased HMGP. | No choices. You buy and sell their way or no way. | I personally used TradeKing for about 2 years. I signed up because of a sign-up bonus. I found the customer service to be rude, impatient, and unhelpful. They tried to charge me several hundred dollars months after I made a few OTC trades because they said these fees were being imposed on them by the market makers. Bunch of baloney IMO. | LINK#1 |
Overall Rating for OTC Trading: | Self clearing. | ||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Overall Rating for OTC Trading: | |||||||||
Your Broker Here! | ??? | ??? | ??? | ??? | ??? | ??? | ??? | ??? | ??? |
Please post or PM to me others to add to this growing list!
Full Service Brokers If you are a broker that caters to OTC investors, by all means tell us about your service!!!
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |