Brian S asked:
Hey everyone! I have done countless hours of searching! I’m looking for an online broker that lets you trade Penny Stocks, pink sheets, otcbb online! Sharebuilder desn’t have the ones I want, they wont let you! And the other online brokers want you to have a broker assisted trades that cost sky rocket high!! Does anyone know of any online brokers that lets you trade these type of stocks for ultra cheap, and if you have to call in, ultra cheap fees for the assisted broker trade? Please help! And thanks so much for your time!!
March 8th, 2010 at 8:41 pm
Good question. I use Zecco (www.zecco.com). I did have a sharebuilder account, but recently closed it due to the same problem you mentioned. Sharebuilder charged $9.95 per trade, but Zecco is only $4.50 per trade. You can trade all the stocks that you mentioned. Go check them out. I think you will find that this is what you are looking for.
March 9th, 2010 at 9:36 am
Honestly you should maintain three or 4 different brokerages if you are a well rounded investor to get the best deal in each situation.
Answering your generic question it really depends upon what exact group of stocks you are targeting. Ameritrade has a $9.99 flat rate on any amount of shares as long as it has a pink sheet or OTCBB ticker. The main limitation with them is you get very poor execution on stocks that is normally based on a foreign exchange with exception to the TSX (Canada) where they do make a market.
The other option is Noble Trading (Penson) or Interactive Brokers if your selections are more international. They do make markets on a wide variety of international exchanges and are relatively inexpensive with exception to Interactive they are 1/2 cent per share ($1.00 minimum) and that would not be a good choice to use if the price of your stock is below a $1.
One word of warning if you are buying an OTCBB or pink sheet stocks whose assets are based in the US most you will be either dealing with hyped fraud or a stock that will always maintain a much lower valuation than a peer on a better exchange.
March 12th, 2010 at 6:21 am
AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.