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?
Why Can’t I Trade Penny Stocks on Fidelity?
By default, Fidelity accounts do not have penny stock trading enabled, however investors can follow the steps below to enable penny stock trading for your Fidelity account, provided customers understand the potential risks.
How To Enable Penny Stocks on Fidelity
Step 1: Head over to Fidelity’s penny stock trading agreement page.
Step 2: Select the account you’d like to use for trading penny stocks.
Step 3: Read and agree to the acknowledgment of risks.
Step 4: Congratulations! Your Fidelity account is now eligible for penny stock trading.
You won’t be able to buy or sell penny stocks on Fidelity until you’ve completed this agreement. It’s designed to protect traders and investors.
Fidelity Penny Stocks Fees
Trading penny stocks on Fidelity is generally commission-free. However, there’s an exception. Some penny stocks that aren’t DTC eligible may be subject to a foreign settlement fee of $50.
Penny stock trading is extremely risky, so precautionary measures have been implemented to discourage it on self-directed brokerage accounts Fidelity.com
Someone asked:
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?
Why Can’t I Trade Penny Stocks on Fidelity?
By default, Fidelity accounts do not have penny stock trading enabled, however investors can follow the steps below to enable penny stock trading for your Fidelity account, provided customers understand the potential risks.
How To Enable Penny Stocks on Fidelity
Step 1: Head over to Fidelity’s penny stock trading agreement page.
Step 2: Select the account you’d like to use for trading penny stocks.
Step 3: Read and agree to the acknowledgment of risks.
Step 4: Congratulations! Your Fidelity account is now eligible for penny stock trading.
You won’t be able to buy or sell penny stocks on Fidelity until you’ve completed this agreement. It’s designed to protect traders and investors.
Fidelity Penny Stocks Fees
Trading penny stocks on Fidelity is generally commission-free. However, there’s an exception. Some penny stocks that aren’t DTC eligible may be subject to a foreign settlement fee of $50.