A Fidelity customer recently attempted to trade penny stocks on OTC (Over-the-counter) markets during pre-market hours and received the following error message:
(340036) Market and Limit buy and sell orders of stocks and ETFs in dollars are only allowed during normal market hours (9:30am ET thru 4:00pm ET).
Based on our research, OTC stocks are not allowed to be traded during pre-market hours. As a result, Fidelity will block any incoming trade orders before 9:30 am ET. The OTC market is only available during trading hours.
Did anyone ever get charged of commission for buying OTC stock? I had a limited order and got charged of one time $50 fee, not sure why!?
I can’t even get my OTC orders to process!!! I get the TC9052 error message saying there’s no enough information on this company or something like that. Here’s the funny part, I already some shares and just trying to grab some more
Yeah me it was a 50$ foreign stock fee. If the ticker ends with “F” it’s foreign. My only regret is that I didn’t buy more shares! bought in at 1.95 but the 50 fee bumped my average share price to 4.45 smh.