posted
I am new to AMERITRADE and I am trying to buy pennystocks, and it is not allowing me to purshase them because of some OTC security reason about the stock being a risk. If there is anyone out there who knows a way around this please reply i would really appreciate it thank you
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posted
basically any pennystock under .50 they will not let me buy. It says yoiu got to place a limit on it or a stop? and after i try doing that it says your are unable to do this because of OTC something
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call ameritrade and ask them to explain it to you. Obviously you need to read a little before you jump in feet first. Learn what a limit order is and what stops and stop limits are.
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quote:Originally posted by I need a WiNnER: basically any pennystock under .50 they will not let me buy. It says yoiu got to place a limit on it or a stop? and after i try doing that it says your are unable to do this because of OTC something
could be your funds had not settled; it depends on you credited your account as to the number of days it takes to settle. You can do a wire transfer and have access to OTC in 24 hours or less.
[This message has been edited by Veda (edited March 27, 2004).]
quote:Originally posted by I need a WiNnER: I am new to AMERITRADE and I am trying to buy pennystocks, and it is not allowing me to purshase them because of some OTC security reason about the stock being a risk. If there is anyone out there who knows a way around this please reply i would really appreciate it thank you
posted
I have an account with Ameritrade and ran across the same problems.
On the bulletin board stocks you must put in a limit order. If then you get the error message,it's regarding your account.
If you credit your account using electronic funding you will have access to listed stocks but not OTC stocks; you have to wait 3 days for funds to settle. I have used the wire transfers and it only takes 24 hours to trade OTC. My bank charges $12 for the wire.
posted
Scottrade is only cheaps on Market Orders ($7) Gunner.... for limit orders, pinks etc.. its a whole new ball game with them (scottrade).. Ameritrade is what? $10.49 for both market and Limit trades... but as for me i will be probably going with lowtrades.com .. $5 limits and Market orders if there not lying lol ..
[This message has been edited by Machiavelli (edited March 28, 2004).]
[This message has been edited by Machiavelli (edited March 28, 2004).]
quote:Originally posted by Machiavelli: Scottrade is only cheaps on Market Orders ($7) Gunner.... for limit orders, pinks etc.. its a whole new ball game with them (scottrade).. Ameritrade is what? $10.49 for both market and Limit trades... but as for me i will be probably going with lowtrades.com .. $5 limits and Market orders if there not lying lol ..
[This message has been edited by Machiavelli (edited March 28, 2004).]
[This message has been edited by Machiavelli (edited March 28, 2004).]
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