Can you recommend a broker that allows shorting stocks under $2, has low commissions on large bulk shares. I've transfered out of Bank of America to Interactive Brokers and would probably be happy with them except: If I'm interested in stocks under $2 - the .005 per share commission hurts you more than if the stocks were $50. The fee is .005 per share. ie: For 1,000 $50 stock the fee is $5 For 10,000 $50 stock the fee is $50 Total : $500,000 plus $50. For 1,000 $2 stock the fee is $5 For 10,000 $2 stock the fee is $50 total: $20,000 plus $50 What if I'd like to invest $500,000 in $2 stocks. That is 250,000 shares would cost me $1250 a trade. From what I've read IB is great on fees but many brokers charge nothing on unlimited shares. The set back is they don't allow shorting stocks under $2. The above example only illlustrates stocks at $2 - if they are significantly under $2 then I may be in trouble. Any help, suggestions? Thanks
I'm a novice trader with alot of questions. As it goes sometimes they don't get answered. This should be expected when I post on the discussion forums of craigslist. I'm testing my luck here. I'm not aware of many forums like this one. So if you have any suggestions of forums/websites that have informative discussions on investing/trading please fire away. Thanks