Penny stock fees on IB

Any way to get around the high fees on penny stocks at IB ?
(IB charges per stock, so to get in&out of a $0.2 stock, cost me around 4% of the deployed capital....)

Not by using the fixed fee, as then regular stocks will be to expensive. (100$+ for roundtrip)

Maybe 2 accounts, 1 regular fees, 1 fixed fees.

Any idea ??? (besides not to trade penny stocks...)

 

Open a Schwab account for that specific purpose.

 

You are supposed to use the Algo e.g. price arrival to make up for it.

 

What does that mean in simple words ?

 

Right, weird that IB dosn't want to earn commission from penny stocks ?..