Walk away from them in a Heartbeat. If anyone ever pays more than a $9.99 fee to enter a penny stock and exit it then they should look elsewhere. That's crazy that they put a limit on how many you can trade on a given day.
Keep in mind though, there is the 3 limit day trade rule which all brokers have. You can do 3 day trades in any 5 trading day period. All 3 in one day or 3 spread out between 5 days. Over three and you'll get flagged as a pattern day trader.
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