Hello guys!

Just a quick one, it says on the page of IB:

US Penny Stock Due Diligence Fee
Please note that IB charges a $1,000 Penny Stock Due Diligence Fee to offset the firm's costs in reviewing and potentially accepting large transfers of U.S. small-cap stocks that the customer obtained anywhere other than on a public exchange.

So, does this means that if I buy 300 dols. in 0,40 dols stocks from a company, I will be charged 1000???

Im a little bit confused, I tough the penny stocks would be considered just as a normal stock that is just cheap to buy...

Edit: Source - https://www.interactivebrokers.com/e...niversal-debit


Cheers!