Replies to post #15872 on American Bio Medica Corp (ABMC)

[AdamS007]

Paying per transaction is a thing of the past my friend, most brokerages dont charge, I know I dont pay a penny with each Schwab trade...

Hope that helps

$ABMC

#FOLLOWTHEORCAS

[Willymon]

$ABMC - Depending on your account and what you are buying, some brokers will only charge their commissions when selling.


The major difference is commissions per transaction vs per share.


E*Trade = $4.95 in $4.95 out (Block size doesn't matter)


IBKR = OTC $0.001 per share (In if SP >$1.00) and $0.0029 out per share.


If the SP <$1.00, then $0.00 in and $0.00003 out. (Not for all cases)


So, if you run their algo tool and buy shares all day long, no fees.



IBKR OTC Rates:
https://www.interactivebrokers.com/en/index.php?f=29825