How to buy pot stock on Canadian Stock Exchange and OTC Stocks? Buying penny stocks without a live broker means using an online, no-frills service. The first step an investor must make before trading OTC securities is to open an account with a brokerage firm. By sandratbaugh, January 20, 2019 . Penny stocks, also known as OTCs, attract a unique group of traders to the stock market due to their low share prices and exceptional volatility. Open an account with an online brokerage service. Once you type in the ticker and find the stock you want, all you have to do is press buy and enter your order. Sites like E-Trade and TD Ameritrade will let you set up … The … Get Stock & Bond Quotes, Trade Prices, Charts, Financials and Company News & Information for OTCQX, OTCQB and Pink Securities. How To Buy Penny Stocks or OTC Stocks on E*Trade At E*Trade penny stocks can be traded on the website, the broker’s mobile app, and its desktop platform. In all cases, the basic steps and order types are the same. For stable stocks with high volume, market orders often execute at a price that's close to the trader's expected order. An investor can choose between a discount … I am totally new to investing. How to Trade OTC Stocks. How To Buy Penny Stocks or OTC Stocks on Fidelity Investments Once you have decided the penny stock is a buy, it's time to place an order. New customers will qualify for up to a $3,500 cash bonus and 90 days of commission-free trades with Ally Invest's newest promo. They’re available for a wide variety of industries—so you can tap into your knowledge of specific businesses, or buy a range of stocks to diversify your portfolio. Many casual investors or investors new to the market imagine that "over the counter," or OTC, stocks trade differently from stocks sold through Nasdaq or a major exchange. Why trade stocks? A stock order at Fidelity can be placed on the broker's website, mobile app, Apple Watch, or Active Trader Pro, the firm's advanced trading platform. If you are uncertain how to diversify, you can buy indexes of OTC stocks for the Russell 3000, the Russell 2000 or the NASDAQ. Unfortunately, the E*Trade site doesn’t have a trade bar. How to Sell OTC Stocks. Many penny stocks are also what are called over-the-counter stocks, meaning they're not traded through major exchanges like the New York Stock Exchange or Nasdaq.OTC trading happens through networks of brokers, and investors should be aware that it can take longer to buy and sell OTC stocks. Look for stock in healthy industries with good cash flow and a mix of products appropriate to the company's prospects. The biggest difference between an OTC stock and a listed stock is the amount of publicly available information about the company. However, volatile stocks with low volume experience more rapid price swings, and there's a possibility that you could end up paying much more than you expected for a buy, or earning far less than you anticipated from a sell. I am 68 years old and my husband recently passed away. Diversify stock purchases by various industries and do not buy more than two stocks … If you're looking to transfer… Stocks let you own a piece of a company’s future. Invest in OTC Stocks with Ally Invest. Newer traders with smaller account sizes often see penny stocks as opportunities to grow their account at a rapid rate. Buying OTC stocks is pretty much the same as buying exchange-listed equities.