Likes Subject
Used to load up on these dead shells fink 11/25/22 5:44 PM
so, what was the strategy when you bought DavidTrader 11/24/22 10:05 PM
I believe TD and Charles Schwab work in Europe DavidTrader 11/24/22 10:03 PM
Guys does anyone know any broker for European Prominent Capital 11/20/22 1:31 PM
No. I just let E-trade do their thing. fink 06/22/22 9:45 AM
thank you. I don't trade money I can't DavidTrader 06/21/22 3:27 PM
E-trade is still $4.95 no share limit. 1 fink 06/11/22 10:04 AM
do you pay "reg fees" with ETrade for DavidTrader 06/09/22 10:16 PM
Not any more. When they killed the ability fink 06/06/22 9:58 AM
you bought up entire floats? DavidTrader 06/06/22 9:52 AM
I was with ST since they started. I fink 06/06/22 9:49 AM
Who did you end up switching to since DavidTrader 06/04/22 6:02 PM
Any updates for OTC brokers in 2022? I DavidTrader 06/04/22 5:55 PM
Hi guys, I need your opinion about Italia77 07/27/21 6:22 AM
Etrade killed my OTC L2 for reasons they Ryoko 04/29/21 10:31 AM
No. As of an hour or so xyzfraudbuster 04/13/21 1:29 PM
Did you ever find a broker who would karlstier 04/13/21 1:23 PM
Do any of you know a broker that Dan Money 03/10/21 3:05 PM
I’m unlucky I guess because I saw that critter1 02/13/21 12:34 PM
eTrade will allow me to sell my CE exisnet 02/13/21 11:40 AM
Does anyone know of any brokerages that will critter1 02/13/21 11:37 AM
Does anyone know of anyone who can accept xyzfraudbuster 02/09/21 3:02 PM
When did the brokers start charging finra fees Zorax 01/28/21 1:33 PM
It's a load of BS it's profit driven mattsinvestmentclub 01/04/21 8:59 PM
Agree, I started out with Scottrade and had exisnet 01/04/21 7:41 PM
I saw this coming 100 miles away. I mattsinvestmentclub 01/04/21 4:24 PM
Morgan Stanley what's happing to eTrade... pay 4.95 exisnet 01/02/21 4:42 PM
Please let me know what you find. Coniba 01/02/21 4:33 PM
eTrade Pro no longer supports/has a scanner... best exisnet 01/02/21 4:15 PM
Is that still an issue? Ecomike 12/18/20 8:38 PM
We are looking for a good Broker that pennystock_es 12/03/20 3:56 AM
Hello all. I have a question. Druseljic 07/12/20 8:54 AM
This is terrible, it is time to change broker. rameper 04/23/20 11:25 AM
Corner of Berkshire & Fairfax Message Board. Special Situations 04/23/20 10:44 AM
INTERACTIVE BROKERS, is restricting the negotiation to a rameper 04/20/20 4:32 AM
OTC Markets - Canari Special Situations 04/14/20 1:59 PM
Serious problems with INTERACTIVE BROKERS, I cannot buy pennystock_es 04/09/20 4:09 AM
I once had an account with choicetrade and goforthebet 09/15/19 7:14 AM
I called them last year, but have yet CLK 09/13/19 8:36 PM
thanks. I did not find any yet. Alpine goforthebet 09/13/19 4:00 AM
I have the same question as the last CLK 09/12/19 10:39 PM
hi guys. does anyone know what broker would goforthebet 08/27/19 11:41 AM
Anyone have any idea why E*TRADE Pro Level GreatWhiteBuffalo 06/10/19 9:38 AM
Pls can anybody explain to me this 20% jj pop 06/01/19 6:09 PM
STOCK BLOWING MONEY ON BLOATED OS TICKERS! STOP juststop 05/24/19 8:00 AM
I need a OTC broker that I can godofthestock 05/21/19 3:03 PM
ETrade is the best $$ Golden Cross $$ 04/27/19 7:30 PM
Nothing. fink 04/03/19 8:59 PM
What did the letter say? ologun 04/03/19 8:20 PM
TDA is insane. I only trade penny stocks fink 03/12/19 11:47 AM
Likes Subject

fink
11/25/22 5:44 PM
DavidTrader
11/24/22 10:05 PM
DavidTrader
11/24/22 10:03 PM
Prominent Capital
11/20/22 1:31 PM
DavidTrader
06/21/22 3:27 PM
DavidTrader
06/09/22 10:16 PM
DavidTrader
06/06/22 9:52 AM
fink
06/06/22 9:49 AM
DavidTrader
06/04/22 6:02 PM
DavidTrader
06/04/22 5:55 PM
Italia77
07/27/21 6:22 AM
xyzfraudbuster
04/13/21 1:29 PM
karlstier
04/13/21 1:23 PM
Dan Money
03/10/21 3:05 PM
critter1
02/13/21 12:34 PM
exisnet
02/13/21 11:40 AM
xyzfraudbuster
02/09/21 3:02 PM
mattsinvestmentclub
01/04/21 8:59 PM
mattsinvestmentclub
01/04/21 4:24 PM
Coniba
01/02/21 4:33 PM
Ecomike
12/18/20 8:38 PM
pennystock_es
12/03/20 3:56 AM
Druseljic
07/12/20 8:54 AM
Special Situations
04/23/20 10:44 AM
Special Situations
04/14/20 1:59 PM
goforthebet
09/15/19 7:14 AM
goforthebet
09/13/19 4:00 AM
CLK
09/12/19 10:39 PM
goforthebet
08/27/19 11:41 AM
GreatWhiteBuffalo
06/10/19 9:38 AM
jj pop
06/01/19 6:09 PM
godofthestock
05/21/19 3:03 PM
$$ Golden Cross $$
04/27/19 7:30 PM
fink
04/03/19 8:59 PM
ologun
04/03/19 8:20 PM

Best OTC Brokers (BROKER)

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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

E*trade

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

Scottrade

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).

 

T.D. Ameritrade

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

SCHWAB

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.

               

Interactive Brokers

Overall Rating for OTC Trading:

                 

Speedtrader (StockUSA)

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.

 

Just2Trade

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.

 

Zecco

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.

 

MBTrading

Overall Rating for OTC Trading:

                 

NobleTrading

Overall Rating for OTC Trading:

 $7.95 per trade with a minimum $500 to open a cash account                

SoGoTrade

Ovrerall Rating for OTC Trading:

                 

OCSecurities

Overall Rating for OTC Trading:

                 

optionsXpress

Overall Rating for OTC Trading:

                 

LowTrades

Overall Rating for OTC Trading:

                 

HarmonTrading

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....  

Fidelity

Overall Rating for OTC Trading:

              Post R/S shares appear and are fully tradeable extremely quickly. LINK#1

A.B. Watley Direct

Overall Rating for OTC Trading:

                 

FirsTrade

Overall Rating for OTC Trading:

                 

InvesTrade

Overall Rating for OTC Trading:

                 

TradeKing

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

Terra Nova Financial

Overall Rating for OTC Trading:

               Self clearing.  

ChoiceTrade

Overall Rating for OTC Trading:

                 

ShareBuilder

Overall Rating for OTC Trading:

                 

Level2Trader

Overall Rating for OTC Trading:

                 

ThinkorSwim

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!!!

I would love to have an assistant or two that is interested in helping OTC traders find the best broker and platform to fit their investing style join me on this board! THANKS.

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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