posted
What is the best (lowest price being the most important factor) online brokerage for buying and trading Pink Sheet Stocks??? I know Scottrade does not take orders for Pink Sheet stocks online-they can only be phoned in. What about Freetrade??? Any help here would be most appreciated.
Posts: 2 | Registered: Feb 2004
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posted
SCOTTRADE CHARGES UP THE KAZOO IN FEES PLUS YOU GOT TO PICK UP THE PHONE AND CALL THE BROKER TO BUY/SELL PINKIES.
LOWTRADES HAS HIDDEN FEE'S. HTTP://WWW.FREETRADE.COM HAS THE FIRST 20 PICKS FREE AND CHEAP THEREAFTER.
IF YOU ARE A NEWBIE, USE AMERITRADE SINCE THEY HOLD YOUR MONEY FOR 3-5 DAYS TO SETTLE YOUR SELL/BUYS. SINCE YOU DON'T HAVE ACCESS TO YOUR CASH RIGHT AWAY, THIS WILL PREVENT YOU FROM MAKING MOST MISTAKES TRADING THE PINKIES.
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if u have 5000 dollars and don't mind wiring funds in/out, then freetrade would suit u best.
if not, give www.choicetrade.com and ask about their choice trader platform. on the website it says 5 dollars for an unlimited amount of shares. i use neither broker because i am Canadian and they will nto open an account for me.
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Ameritrade is satisfactory--$11 in, $11 out; all online (no need to call); limit orders (the only way to buy or sell a pink) is only charged one $11 commission per day no matter how many partial fills toward the requested quantity are made.
Posts: 84 | Registered: Jan 2004
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