Pink Sheets and ArcaEdge accessible with "United States (Penny Stocks)" permission; $0.0035/share with 0.5% cap. Among the most permissive majors.
Best brokers for
OTC & penny stocks
OTC and penny-stock support depends on which tiers are accessible (OTCQX, OTCQB, Pink Current, Pink Limited, Grey) and whether the broker imposes per-share surcharges or order-type limits.
300+ curated OTC stocks supported (limit orders only, regular hours, whole shares, no fractional). Narrower universe than Fidelity but accessible to a broad retail audience.
OTC supported at $0.005/share ($1 minimum, $50 maximum) with full OTCQX/QB/Pink coverage and strong short-locate.
Best-in-class HTB inventory: ~8,000 ETB names plus an in-house securities-lending desk sourcing 100M+ HTB shares/month from 45+ counterparties. Dedicated OTC routes (OTCP, OTCX) with rebates. The right broker for funded short sellers targeting low-float / momentum names.
Deep OTC/Pink Sheets/OTCBB coverage with sub-$1 stocks routed differently (ECN rebates do not apply below $1). Combined with the multi-source HTB locate workflow, Cobra is one of the top three brokers for shorting small-cap and OTC names alongside CenterPoint and IBKR Pro.
$0 commission on OTC trades including OTCQX, OTCQB, and Pink — uncontested pricing. Some restrictions on transfers in and minimum prices.
Deep OTC/Pink/OTCQX/OTCQB coverage with dedicated sub-$1 routing (OTCX Link at –$0.0001/share, SPDRO at –$0.0004/share). 12 short-locate venues + intraday locate reuse make small-cap shorting viable.
Rankings reflect our editorial assessment. Visit each broker’s full review for the underlying methodology and freshness date.