If you were a Scottrade user, log in to the Schwab Welcome Page using your migrated credentials.
Prioritize companies in the OTCQX or OTCQB tiers, as they have higher financial reporting standards than "Pink Sheets". How to Navigate OTC Trading | Charles Schwab how to buy penny stocks on scottrade
Penny stocks can be traded in standard individual brokerage accounts or IRAs, though retirement accounts have stricter margin limits. If you were a Scottrade user, log in
Look for tickers with at least 50k–100k daily share volume to ensure you can exit the position. Look for tickers with at least 50k–100k daily
Since , you cannot buy stocks directly through their platform today. Scottrade was acquired by TD Ameritrade in 2017, which was subsequently acquired by Charles Schwab . All former Scottrade accounts have since been transitioned to Schwab.
Choose "OTC" for unlisted stocks or "NYSE/NASDAQ" for listed penny stocks.