1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

How do you trade stocks on the OTC.

Discussion in 'BBS Hangout' started by tested911, Jan 1, 2006.

  1. tested911

    tested911 Member

    Joined:
    Dec 12, 2002
    Messages:
    3,643
    Likes Received:
    127
    Stocks that have been taken off the NYSE and Nasdaq?

    Is there a special broker you go to and if so who?
    Can you do it online?
    What are someo of the differences if you do trade these type of stocks.
    ie... extra fees? special memberships? extra tax forms to fill out?

    Was checking out Tradeking.com which has the lowest online trades anywhere. (Buy/Sell)
     
  2. Mr. Brightside

    Mr. Brightside Contributing Member

    Joined:
    Mar 27, 2005
    Messages:
    18,953
    Likes Received:
    2,138
    OTC, pink sheet stock,etc.. can be traded via a regular online broker such as Ameritrade, Izone, or Etrade. Almost any broker will let you trade them at the same commission charge.

    What is the commission rate at TradeKing?
     
  3. tested911

    tested911 Member

    Joined:
    Dec 12, 2002
    Messages:
    3,643
    Likes Received:
    127
    Tradeking charges $4.95 no Minimum in account too
     
  4. Mr. Brightside

    Mr. Brightside Contributing Member

    Joined:
    Mar 27, 2005
    Messages:
    18,953
    Likes Received:
    2,138

    how is order execution? I would go with Izones, they have same commission rate with better execution. but then again Izones, has a 5K minimum account deposit.
     
  5. micah1j

    micah1j Member

    Joined:
    Jun 12, 2002
    Messages:
    2,635
    Likes Received:
    61
    Why would you want to do this? Aren't most of those just scammers running sucker plays?
     
  6. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,337
    Likes Received:
    9,746

    yeah most are, but i guess you could also buy companies that have filed for bankruptcy too if you wanted to do that.
     
  7. 3814

    3814 Contributing Member

    Joined:
    Aug 4, 2002
    Messages:
    5,433
    Likes Received:
    72
    :mad:

    i thought i read "OCP"
     
  8. bnb

    bnb Contributing Member

    Joined:
    Jul 7, 2002
    Messages:
    6,992
    Likes Received:
    315
    Vegas has better odds.
     
  9. Mr. Brightside

    Mr. Brightside Contributing Member

    Joined:
    Mar 27, 2005
    Messages:
    18,953
    Likes Received:
    2,138

    OCP is off the hook. They are gonna launch their IPO soon, and it will be rise to great heights. OCP will become paper billionaires overnight. !! Haha, Lil Curry got the Benjamins.
     
  10. Ottomaton

    Ottomaton Contributing Member
    Supporting Member

    Joined:
    Feb 14, 2000
    Messages:
    18,344
    Likes Received:
    13,720
    Alot of big foreign companies sell ADR's OTC.

    Examples include Russian gas giants Lukoil and Sibneft, British defense and aerospace firm BAE, as well as some well known consumer names like Nestle, Mitsubishi, Fujitsu, Nintendo, Heineken.

    But yah, there are a lot of scammers. Many companies drop to OTC or the Pink Sheets when they either don't want to file 10k financial statements, or they don't want anybody auditing their deceptive 10k's.

    In any case, be careful buying. The share turnover is low, so big orders can be slow to fill or be filled above the listed price. Even if your broker allows OTC market orders, make sure you do it as a limit order.
     
  11. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,337
    Likes Received:
    9,746

    no no...do markets cuz it will be funny when you see what price you get back. :p
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now