Can't Find A Broker To Trade US OTCs From UK

Discussion in 'Retail Brokers' started by Konevo, Aug 9, 2020.

  1. Konevo

    Konevo

    I'm really struggling to find anything suitable so I'm asking for your help.

    I'm a UK citizen and resident currently using TradeZero to trade US penny stocks, however their restrictions block you from trading any OTC under 10 cents, and I keep missing out on great trades of stocks less than 1 cent.

    Because I'm in the UK I can't use Robinhood, Webull or TD Ameritrade. Fidelity doesn't seem to operate here either. Trading 212, eToro, Freetrade etc don't have the stocks I'm looking for. I can't find any information on Charles Schwab, Interactive Brokers, and Hargreaves Lansdown, but I'm guessing their commissions would be more than the shares themselves.

    So does anyone know of a broker that will allow a UK resident to trade US OTC stocks that are as low as $0.0001?

    Thanks
     
  2. Fain

    Fain

    Interactive brokers will allow you to.
     
  3. otctrade

    otctrade

  4. Konevo

    Konevo

    Thanks so much guys!
     
  5. otctrade

    otctrade

  6. Fain

    Fain

    Old news man. They still allow it but there's more restrictions now.
     
  7. otctrade

    otctrade

    lol august 10 old news.... okay
     
  8. Arke

    Arke

    Any updates on this? How are the locates on IB ?
     
  9. Arke

    Arke

  10. Generally interactive brokers are useless to trade otc penny stocks

    Because they impose price caps (security limits). You cant buy a stock for more than 10% last price (round lot). But otc stocks have large bid ask spreads

     
    #10     Oct 16, 2020
    MoreLeverage and Arke like this.