How do I trade a penny stock on fidelity?

Here’s what it looks like to trade a penny stock on Fidelity’s website. To begin trading penny stocks in your Fidelity account, you must ensure the feature is on. Start with navigating to your ‘Accounts’ page, then ‘Balances.’ Under ‘Trading Profile,’ select ‘Trade Restrictions & Violations.’ A ‘Trading Profile’ window will pop up with a few tabs.

How much does Fidelity Investments charge per trade?

Fidelity Investments charges $4.95 per stock or ETF trade. Along with firms in the Best Penny Stock Brokers list Fidelity does NOT have additional fees and surcharges on Pink Sheets/OTCBB/stocks priced under $1.

Is fidelity a good alternative to Firstrade?

Another thing to consider is that Fidelity offers fewer pink sheet stocks than some of its competitors – Firstrade comes to mind (continue reading to learn more about why Firstrade is an excellent alternative for penny stock trading). Here’s what it looks like to trade a penny stock on Fidelity’s website.

What are penny stocks?

Here is what you need to know. Penny stocks are typically issued by small companies and cost less than $5 per share. They can garner interest from some investors who want to get in close to a "ground floor" price. Penny stocks carry greater than normal risks, including lack of transparency, greater probability of loss, and low liquidity.