Quote:
Originally Posted by teomaxxx
the cheapest one with good clearing firms for penny stocks are now, excluding IB, scottrade and choicetrade(they exchanged their clearing firm for a better one just one month ago).
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Ah, thank you.. Finding a good broker is very difficult.
There definitely is no broker that "has it all" ESPECIALLY if you don't have a-lot of cash to open an account.
E*Trade: E*Trade Clearing LLC (essentially self-clearing)
Interactive Brokers: Straight self-clearing
As of June 1/12
Scottrade self clearing (except advanced options orders which clear through Apex Clearing)
Choicetrade website:
Mail checks to:
Apex Clearing Corporation
c/o Ridge Clearing & Outsourcing
Does that mean they're still using apex?
It seems like some of these brokers don't want people to easily be able to determine what clearing house they use.. And if you find it on "some website" it could be dated information.. Looking at who the checks are payable to seems to be the best way?