WONDERFUL WORLD OF WARRANTS

[nsomniyak]

$6.95 per trade for anything on the otc (includes pink). Multiple fills against the same order on the same day count as one trade, if those fills are spread over multiple days you get hit with a commission every day there is a fill. Note that if you get a partial fill, then change the limit price on the remainder, that counts as two separate orders so two commissions.

I am a pretty active trader and they have not been willing to negotiate on commissions with me.

As for warrants, there is a two part answer. Most penny stock warrants trade otc so there would be the $6.95 commission. However, most warrants associated with SPACs trade NASDAQ so no commission on those.

I too am not a big fan of AON orders on otc stocks. If the spread is very small I just hit the bid. If the spread is larger, I will usually set my order somewhere just under the ask - sufficiently above the bid to handle multiple commissions if I get fills over several days.

EDIT: the only time I have been able to have Schwab waive commissions is when I have wanted a "courtesy trade" to get out of a worthless stock position so I could claim the loss. They are pretty good about waiving commissions in that circumstance.