WeBull Penny Stocks and OTC Stocks Trading (2021)
WeBull penny stock fees: commission charged for buying pink sheets/OTCBB/stocks priced under $1. Rules and policy. Is WeBull good for (offers) OTC and penny stocks trading?
Does WeBull Offer Penny Stocks Trading?
WeBull does NOT offer trading OTC (over the counter) securities and pink sheets stocks.
WeBull, however, does offer penny stocks defined as securities with share price under $5.00, provided they are listed on either NYSE or NASDAQ.
If you are interested in trading OTC (over the counter) securities and pink sheets stocks not offered by WeBull, then check out a $0-commission broker Firstrade that provides access to OTC stocks (learn more).
Open Firstrade Account
Get 2 FREE stocks and $0 commission in ALL trades! Open Firstrade Account
WeBull Penny Stock Fees
WeBull currently does not charge any fees for trading stocks with share price under $5, also called penny stocks. List of all the broker fees is here: WeBull fees »
Get 2 FREE stocks valued up to $1,850.
Stock Alerts and Calendars
A neat feature of Webull is the ability to set custom price and volume alerts for stocks. This is helpful if you are looking to scale into a position because you can have the app automatically notify you if the stock price drops to a more attractive level. Webull also maintains a customized financial calendar for you, which tracks important financial events, such as earnings and dividends, for your portfolio.
Virtual Trading Feature
One feature of Webull that sets it apart from the competition is their virtual trading tool, which allows you to place “practice trades” in a virtual account where no actual money is involved. This could be especially helpful for new investors who are nervous about jumping in to the market with both feet as they can get the true feel of trading in the market without risking their money until they’re ready.
To summarize, Webull’s strengths are its free trades, customizable stock alerts, and its virtual trading tool. Its main weak points are its lack of investment offerings, and strong customer service. Webull would probably be a good fit for you if you only plan on trading U.S. stocks, options, cryptos, and ETFs, however you should explore their competition if you want to trade other types of securities.
Don’t Forget the Risks
While looking for the next penny stock that is going to rocket into the stratosphere, don’t forget that the OTC market is inherently more risky than the major US exchanges. OTC exchanges have less government oversight, more volatility, and less liquidity.
These realities create an environment where criminal activity is more likely, and buyers are harder to find. The Pink Sheet marketplace especially has seen its share of securities fraud over its lifetime.
Penny Stocks on WeBull Disclaimer
WeBull OTC and penny stock fees and information can change at any time. Check brokers website for the most recent data before taking any action.
Find us at the office
Gieser- Madigan street no. 4, 89728 Tokyo, Japan
Give us a ring
+96 551 917 434
Mon - Fri, 10:00-17:00