TD Ameritrade's reply to my question about $0 (free) trading OTC stocks:
Hello Steven,
Thank you for giving me the opportunity to assist you today. I hope your day is going well so far!
OTC stocks (penny stocks) are not included in our new $0 commission structure. Here is some more information regarding our new $0 commission structure:
$0 commission applies only to exchange-listed U.S. stock, domestic and Canadian ETF, and option trades. $0.65 per options contract fee, with no exercise or assignment fees. A $6.95 commission applies to online trades of over-the-counter (OTC) stocks (stocks not listed on a U.S. exchange). I hope that you find this information helpful.
We truly appreciate your business, Steven. If there is anything else we can assist you with, please do not hesitate to reply to this email. Thank you for doing business with TD Ameritrade!
We strive to provide the best in-class service to our clients by making it easy for you. Your opinion and satisfaction are essential. If we have not yet met your expectations, or if you see anything we could have done better, please let us know.
Thank you for choosing TD Ameritrade, and we hope you have a great day!
Best Regards,
Madelyn Markin
Client Services
TD Ameritrade
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