GoFuckYourself.com - Adult Webmaster Forum - View Single Post - So, I have been playing around with penny stock trades

MrMaxwell · 02-04-2013, 11:59 PM

Choicetrade..

Our normal commission of $5 per trade on NASDAQ and Exchange-listed stocks does not apply to Bulletin Board or Pink Sheet stock orders.
Commission for BB/PK stocks is $7 per trade up to 500,000 shares. For OTC orders over 500,000 shares, add 1% of the total dollar

That's not horrible I suppose

Scottrade, pretty much the same thing:
For stocks priced under $1, add 1/2% of the principal value to the commissions shown.

So that would lead me to believe that they're both using the same clearing house- but how do you find out who it actually is? It should be easier

Then they want to charge for level II and who knows if they have shares to short of anything.. What a pain in the balls. Finding a broker is a bitch.

02-04-2013, 11:59 PM
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Choicetrade.. Our normal commission of $5 per trade on NASDAQ and Exchange-listed stocks does not apply to Bulletin Board or Pink Sheet stock orders. Commission for BB/PK stocks is $7 per trade up to 500,000 shares. For OTC orders over 500,000 shares, add 1% of the total dollar That's not horrible I suppose Scottrade, pretty much the same thing: For stocks priced under $1, add 1/2% of the principal value to the commissions shown. So that would lead me to believe that they're both using the same clearing house- but how do you find out who it actually is? It should be easier Then they want to charge for level II and who knows if they have shares to short of anything.. What a pain in the balls. Finding a broker is a bitch. Last edited by MrMaxwell; 02-05-2013 at 12:11 AM..