Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 11.10.2017, 18:19
martin959's Avatar
Forum Veteran
 
Join Date: Oct 2009
Location: Basel
Posts: 649
Groaned at 3 Times in 3 Posts
Thanked 257 Times in 154 Posts
martin959 is considered knowledgeablemartin959 is considered knowledgeablemartin959 is considered knowledgeable
Penny stock + Interactive Brokers

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!
Reply With Quote
  #2  
Old 12.10.2017, 08:25
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 4,611
Groaned at 148 Times in 123 Posts
Thanked 5,944 Times in 3,024 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: Penny stock + Interactive Brokers

Quote:
View Post
...that the customer obtained anywhere other than on a public exchange.
Your purchase using IB platforms (or any of the big one's, most probably), though often OTC, will go through a public exchange so the condition won't apply.
Reply With Quote
The following 2 users would like to thank Urs Max for this useful post:
  #3  
Old 12.10.2017, 08:46
martin959's Avatar
Forum Veteran
 
Join Date: Oct 2009
Location: Basel
Posts: 649
Groaned at 3 Times in 3 Posts
Thanked 257 Times in 154 Posts
martin959 is considered knowledgeablemartin959 is considered knowledgeablemartin959 is considered knowledgeable
Re: Penny stock + Interactive Brokers

I guess this then is for those who buy the penny stocks on the pink market and they got papers stating the purchase of the stocks, for example
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Interactive brokers in Switzerland ipsiety Finance/banking/taxation 160 Yesterday 17:26
Interactive brokers withholding tax belgian beer lover Finance/banking/taxation 42 24.02.2017 17:33
Interactive Brokers account dau Finance/banking/taxation 51 20.11.2016 18:37
FBAR / FATCA - Interactive Brokers? Village Idiot Finance/banking/taxation 7 23.06.2015 15:55
CIM Banque (Interactive Brokers) - anyone? Leo+ Finance/banking/taxation 2 28.05.2013 05:19


All times are GMT +2. The time now is 00:18.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0