I have been following this website for awhile now and see that a lot of people are investing in sub .10 cent stocks, which broker's are you using. I just bought 10,000 shares of NIFW from TD Waterhouse and it cost me over $100 for the buy, and I am a "Premium Trader" so it only cost me $9.95 for up to 2500 shares. Looks to me that you really have to score big in a stock to offset commissions and taxes. Thanks for any help.
Posted by RestStop on :
quote:Originally posted by rhill72: I have been following this website for awhile now and see that a lot of people are investing in sub .10 cent stocks, which broker's are you using. I just bought 10,000 shares of NIFW from TD Waterhouse and it cost me over $100 for the buy, and I am a "Premium Trader" so it only cost me $9.95 for up to 2500 shares. Looks to me that you really have to score big in a stock to offset commissions and taxes. Thanks for any help.
OUCH! I use Scottrade and I love it. I think Scottrade and Ameritrade are the 2 most commonly used online brokerage firms for penny stocks. They charge a flat commission of $12-16 a trade.
For that price are they at least giving you brokerage assistance?
[This message has been edited by NukeMeds (edited March 01, 2004).]
Posted by Rics1997 on :
I use Ameritrade. I just bought 2 million shares of a sub penny and it cost me $10.99 to buy and $10.99 to sell it. Thats for pinks and otc's.
Posted by Money Enslaves Us All on :
I use LowTrades and only pay 5 dollars per order. There are none of those ECN fees everyone talks about, that's only during after hours trading.
Posted by plove53 on :
I use ShareBuilder and they don't seem to have these "penny stocks"... does anyone know why?
Posted by plove53 on :
I use ShareBuilder and they don't seem to have these "penny stocks"... does anyone know why?
Posted by usmcir0nfist on :
sharebuilder is not for traders, it is for investors. Meaning long term investments. And not short term or intermediate gains.
Posted by Machiavelli on :