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Hello,
I have trading accounts at UBS and at the postal bank, but it simply is not possible to trade certain penny stocks using those brokers. I asked their support staff about this and this simply told me that the risk is too great.
Does anyone know of a broker which handles trades in US penny stocks, no matter how low their value? Thank you very much.
Cheers.
This has been a problem for several years now. The problem is that the U.S. government wanted to limit trading in penny stocks via Brown Brothers Harriman (BBH) and put the pressure on.
I can't recommend any Swiss broker which still brokers penny stocks. Try using the moneyland.ch comparison to find all broker that do U.S. stocks and simply ask them all whether they allow penny stock trades and custody.
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