Barbara et al,
Which brokerages have the cheapest commissions on OTC's? I've perused this thread for suggestions and it looks like most of the regulars here use NDB, CyberTrader and a couple others.
I currently trade through Schwab. They charge $30 per 1,000 shares traded. This is fine for stocks over about $2. But if, for example, I had tried to purchase PNTH for around .02, but I would have been spending $30 in commissions for every $20 in stock (just to get in, and another $30 per thousand to get out).
I would love to start trading the picks on this thread, but I need reasonable commissions.
I know some of you think that commissions don't matter if you enter and exit the position correctly, however, I just can't see spending $60 to turn around 1,000 shares of a stock that cost me a total of $20 (or less).
Any help would be greatly appreciated.
Thanks,
Kevin |
