I cant trade OTC stocks with IB because their price caps. Need an alternative

Most OTC pink sheets have large bid ask spreads, but IB don't allow buy a stock for more than 10% the last price

For example, bid is 0.0001 and ask is 0.0003, I cant buy the stock for 0.0003 or 0.0002

I need an broker with direct market access like IB

 

Etrade, Schwab, TD Ameritrade, Fidelity

 

their brokers don't have direct access to otc markets. They generally send the orders to market makers and execution is too slow

 

You appear to be unaware of what OTC stands for....Over The Counter. There is no such thing as "direct market access" because there is no "market" to access, that's literally what OTC means. All OTC trading is done with market makers or brokers arranging large orders.

 

I have no problem getting filled up to 1,000,0000 shares if the size is available with E*TRADE and Schwab and UBS because E*TRADE makes a market and CDEL too in most OTCs. ARCA is not free, no rebates either.

 

You can use ARCA on Pink Sheets and BB stocks but it’s cost prohibitive with size.

 

Yes, but ameritrade and etrade dont allow use arca to trade otc
Schwab allow but limit the maximum price also IB

 

https://centerpointsecurities.com/routes/

They might be able to route to ARCA on BB (see list) but I can't vouch for them because I never tried this broker.

 

centerpoints use wedbush or vision for clearing and i bilieve they also impose limits

 

What about their availability ? Which broker is best ?