I know I had to turn on real time quotes and enable penny trading-neither were automatically on. So I’m wondering if any of these have a solution I am unaware of, figured what can it hurt to ask?
The answer to these two questions is Yes. Real-time quotes and penny stock trading are not enabled by default for Fidelity customers.
Penny stock trading is a feature that has to be manually turned on. Fidelity customers are not permitted to trade penny stocks before they fully agree to the risks involved.
Follow the steps below so you can activate penny stock trading for your Fidelity account.
How to Buy Penny Stocks with Fidelity
Step 1: Go to the Fidelity’s penny stock trading agreement page.
Step 2: Select an account that you will use to trade penny stocks.
Step 3: Agree to Acknowledgment of risks.
Step 4: Your Fidelity account is now eligible for penny stock trading.
You will not be able to buy and sell penny stocks on Fidelity until the agreement above is signed. This is designed to protect traders and investors.
Fidelity Penny Stocks Fees
Most trades on Fidelity are commission-free, including penny stocks. However, some penny stocks that are not DTC eligible will be subject to a foreign settlement fee of $50.