I can't find the Australian company Western Areas stock with IB. Although the stock is listed in OTCMKTS as WNARF. I do have permission for US Penny Stocks. What might be the problem?
IB Does not carry all penny (F) stocks. In fact last I checked, they don't carry a lot of them. Too much risk I suppose. Plus there are a lot of "exchanges" outside the US, that are the "equivalent" to our pink sheet stocks that are far less regulated. E.g. Canadian PURE, which IB does not carry any of them. If it is on ASX, just buy it in AUD and hedge the currency if you want as a FOREX short AUD purchase.