Best Broker For Illiquid Stocks (Penny)?

Discussion in 'Retail Brokers' started by ET70424, Dec 9, 2010.

  1. ET70424


    Some of the stocks (typically penny) I trade are illiquid.

    If I put a GTC order, I can get partial executions for several days.
    Most firms then charge you a minimum commission for each day
    of partial execution and that can add up to a substantial amount
    relative to the dollar value of your trade.

    Is there a broker that will charge a flat fee for a GTC order and
    will not charge more for each subsequent day of partial execution?

    For those who trade penny stocks and have to deal with illiquid
    ones, any broker that you recommend? Thanks.
  2. website


    Go with IB for penny stocks.