Thread: So, I have been playing around with penny stock trades
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Old 02-03-2013, 03:10 PM  
teomaxxx
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Join Date: May 2003
Posts: 2,737
Quote:
Originally Posted by MrMaxwell View Post
Could you elaborate on that a little?
Checks are "payable to apex" so that sounds like you know what you're talking about.. http://www.mbtrading.com/commissions.aspx?page=Stocks

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so the problem with Apex clearing (former pension clearing) is described here:

http://www.damngoodpennypicks.com/pe...cial-services/ - " other rules such as an “illiquidity” rule which applies new fees to thinly traded penny stocks or in some cases simply disallows the trading of penny stocks that are illiquid."

all the brokers using APEX clearing have those bullshit rules about trading illiquid penny stocks. you will be forbiden to sell/buy penny stocks in big volumes.

more on APEX clearing here:
http://www.damngoodpennypicks.com/pennystocks/?s=penson
Last edited by teomaxxx; 02-03-2013 at 03:11 PM..
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