Etrade - Excellent for OTC:BB
Written: Dec 06 '00
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Hi all,
I've been a daytrader for some time now. Just recently have I started to trade on the AMEX and NASDAQ, but before that I would always be interested in Over the Counter: Bulletin Board Stocks. (OTC:BB) These stock are as micro as you get. A lot of them sell under a penny and many around the 1 to 10 cent mark.
With many other brokerages you are not even allowed to trade these types of stock. Either that or you are placed restrictions such as they will at 1 penny per share for the entire order. When 1 share is worth 1 penny and you will consider buying over 100k shares, you would have to pay double the amount of what your buying to trade? Thats when Etrade comes in, Etrade allows you to buy as many shares of a OTC:BB stock for a set price of 19.95. Compare this to suretrade, they will charge you 14.95 + 4.95 since the stock is under 2 dollars, and then charge you 1 penny for each share over 5000.
If you are interested in trading in the OTC:BB market, I havnt heard of any other brokerage that allows you the ease of trading this market like Etrade.
Recommended:
Yes
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Epinions.com ID:
cryogre
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Location: Los Angeles, CA
Reviews written: 15
Trusted by: 1 member
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