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SammyTheBull

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SammyTheBull

Re: Pilot74 post# 133224

Monday, 07/02/2012 10:43:04 AM

Monday, July 02, 2012 10:43:04 AM

Post# of 289427
It depends on your broker. Brokers that use Penson to clear trades will charge you for manual settlement. The fees can be as high as $700 per trade, regardless of the trade size. Other brokers, like TDAmeritrade, don't allow you to buy it. Others self clear so those aren't affected. Zecco uses Penson. Here's their warning to their customers:

https://www.zecco.com/forms/penny-stock-disclosure/DownloadForm.aspx

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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