Simon C asked:
Anyone knows any institution that provide financing/margin facilities for OTCBB counter?
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Simon C asked:
Anyone knows any institution that provide financing/margin facilities for OTCBB counter?
{ 2 comments… read them below or add one }
most of those bullitenboard/penny stocks just offer new addl shares for sale, created out of thin air!!! be careful of them…You could buy a hundred different BB stocks, 99 of em would go to zero, and one might go up 400%…not good odds.
depends on how much money you have. you need margin for that kind of trading. Most brokers will not allow you to margin penny stock. Goto to their web site and usually a post as to the margin requirment for a certain stock.
Etrade requires $2000.00 for margin account.
Scottrade requires $25,000.00 for margin account.