Thursday, April 07, 2022 6:02:58 PM
They no longer accept sub penny deposits, and won't trade sub penny stocks in your account.
Most (not all) broker dealers have taken similar positions...too many enforcement actions in this space.
The few that are still playing are absurdly expensive - both in deposit fees, minimum account requirements, and transaction fees. One I looked at had a commission structure that essentially made it impossible to make money selling sub penny stock.
Most (not all) broker dealers have taken similar positions...too many enforcement actions in this space.
The few that are still playing are absurdly expensive - both in deposit fees, minimum account requirements, and transaction fees. One I looked at had a commission structure that essentially made it impossible to make money selling sub penny stock.
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