Does Schwab offer free trading for OTC stocks? Website says so, I just wanted to check with someone that uses them.

I currently have TDA and they charge $6.95 for OTC trades.

Any other good online brokerages with free OTC trades?

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Posted by THRILLHO

Metry, LA

Member since Apr 2006

49961 posts

Posted on 2/9/21 at 10:02 am to Major Dutch Schaefer

Used Schwab for my first OTC buys about an hour ago (TSNP, ZOM) and both were free.

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Posted by Ping Pong

LSU and UVA alum

Member since Aug 2014

5562 posts

Posted on 2/9/21 at 10:27 am to Major Dutch Schaefer

Fidelity has zero commission fees. (OTC stocks included)

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Posted by High C

viewing the fall....

Member since Nov 2012

57260 posts

Posted on 2/9/21 at 10:28 am to Major Dutch Schaefer

quote:
Does Schwab offer free trading for OTC stocks?

Yes

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Posted by TigerMomma4

Member since Mar 2020

471 posts

Posted on 2/9/21 at 4:29 pm to Major Dutch Schaefer

Firstrade seems to be similar setup to Webull with respect to fees, or lack thereof, and the website says they do OTC. Any experience with them?

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Posted by makersmark1

earth

Member since Oct 2011

18403 posts

Posted on 2/9/21 at 8:34 pm to Major Dutch Schaefer

TDA and Schwartz are merging I think.

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Posted by WM88

West Monroe

Member since Aug 2004

1842 posts

Posted on 2/9/21 at 8:52 pm to Major Dutch Schaefer

Etrade charges 4.95

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Posted by get dat hitter

Bawntario

Member since Jun 2020

4 posts

Posted on 2/9/21 at 8:55 pm to Major Dutch Schaefer

If you want to trade OTC Schwab or Fidelity are the way to go.

And I do believe Schwab and TDA either are merging or have merged, so programs like Think or Swim may be available to chuck users as well.

This post was edited on 2/9/21 at 8:56 pm

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