How To Buy Otc Stocks On Scottrade May 2026

Scottrade no longer exists as a standalone brokerage; its accounts and services were first migrated to in 2018 and are now part of Charles Schwab . To buy Over-the-Counter (OTC) stocks—often referred to as penny stocks—as a former Scottrade client, you must now use the Charles Schwab platform. Steps to Buy OTC Stocks at Charles Schwab

: While many standard stock trades are commission-free, some brokers still charge specific fees for OTC or "Pink Sheet" trades. Check the Schwab Pricing Guide for current rates on non-exchange-listed securities. Important Considerations for OTC Trading can i buy penny stocks on scottrade? - Bitget how to buy otc stocks on scottrade

: Use the Schwab Stock Screener to find OTC stocks. Under the Exchange criteria, select OTC . Scottrade no longer exists as a standalone brokerage;

: When buying OTC stocks, it is highly recommended to use a Limit Order rather than a Market Order. OTC markets often have low liquidity and wide spreads, and a limit order ensures you do not pay more than your specified price. Check the Schwab Pricing Guide for current rates