Can you buy penny stocks on Scottrade (for my scottrade users out there)?
S-man asked:
Hi guys. I was a little confused about buying penny stocks (any stocks under $5 I think) through scottrade. I heard that a) they won’t let you do it b) if they do, they charge 1/2% fee for each trade (and how does that work? give any examples using stocks?) c) Does scottrade charge you if you buy lets say, shares of some foreign (chinese) company? Thank you guys for the answers, and I would really appreciate if you could add as much details as possible to help me with my little dilemma ^_^
Hi guys. I was a little confused about buying penny stocks (any stocks under $5 I think) through scottrade. I heard that a) they won’t let you do it b) if they do, they charge 1/2% fee for each trade (and how does that work? give any examples using stocks?) c) Does scottrade charge you if you buy lets say, shares of some foreign (chinese) company? Thank you guys for the answers, and I would really appreciate if you could add as much details as possible to help me with my little dilemma ^_^
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