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Brokers for OTC stocks

post #1 of 8
Thread Starter 
Who are the best brokers commission wise for OTC? I made the mistake of opening up a tradeking account & when I was just about ready to buy stock was told it would cost a penny PER SHARE. Nowhere in their website did they state this, and when I double checked with customer service I was not told this either.

I'm looking for hopefully a broker with no minimums. I don't have alot to invest. I'm just looking to buy one particular stock. I already bought some of this stock through sharebuilder before it was delisted. I don't have alot of shares, and I intended on buying more.

Thanks!!
post #2 of 8
Zecco or ThinkorSwim are both very affordable. I use zecco and you can buy any penny you want and they don't tack on extra annoying fees or anything.
post #3 of 8
https://www.tradeking.com/p/home/tra...sionsfees.tmpl

TRADEKING adds $0.01 per share on the entire order for stocks priced less than $1.00. $100 minimum investment per order in OTCBB and Pink Sheet stocks.
post #4 of 8
Thread Starter 
Nerp - thanks, I'll check them out!

I-Sleuth - I thought I checked every fine print on their website. Obviously I missed that. Thanks
post #5 of 8
Many brokers keep a lot of things hidden. Some may not even tell you if you ask them directly. Scottrade has a 5% extra fee tacked on any stock below $1. Their option commissions are high at 1.25 a contract plus $7 on the trade. I will say that their service is good. All trades have been executed and I got answers to my questions.
post #6 of 8
It's on the Fees page, at the top. They hid nothing.
post #7 of 8
The commission fee for OTC of Scottrade is $7 + 0.5% of the principal value.

TDAmeritrade is a flat $9.99 with no additional fees. I called there 1-800 number to confirm. So if you're trading $600 worth of stocks on Scottrade, it's pretty much the same price as Ameritrade. Anything more than $600 worth of stocks, TDAmeritrade is cheaper than Scottrade.

Think or Swim is $20 for up to 20,000 share, $30 for up to 50,000 shares, and $50 for unlimited shares.

Zecco looks like $4.50 flat with no additional fees. I want to confirm but I can't find a customer service number for them. Plus I heard that their customer service is crap.
post #8 of 8
Quote:
Originally Posted by ceslar View Post
Zecco looks like $4.50 flat with no additional fees. I want to confirm but I can't find a customer service number for them. Plus I heard that their customer service is crap.
I use zecco for my OTCs, and it is 4.50 a trade with no additional fees. Havent dealt with their customer service though.
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