TradeStation OTC Stocks and Penny Stocks in 2026

Penny and OTC Stocks at TradeStation: Key Takeaways

• TradeStation gives you access to both over-the-counter and penny stocks.

• Some trades of penny and OTC stocks may come with fees.

• TradeStation’s desktop platform has a scanner that can search for both penny and OTC stocks.

Are you interested in trading penny or over-the-counter (OTC) stocks? If so, TradeStation is a good choice to consider as your broker.

Summary of OTC and Penny Stocks at TradeStation

TradeStation users can buy and sell penny stocks and over-the-counter securities. A penny stock is any stock that trades below a certain price, like $3 or $1. A penny stock could be on one of the major U.S. exchanges. An OTC stock, on the other hand, is any stock traded in the OTC market rather than on one of the major exchanges. Some OTC stocks can even be priced well above $20, so they aren't always considered penny stocks.

Foreign Exchanges

TradeStation works with Interactive Brokers to offer access to many foreign exchanges. Some of the foreign stocks and ADRs (American Depository Receipts) that trade in the U.S. OTC market also trade directly on these foreign exchanges. For example, Nestlé S.A., which trades as NSRGY in the U.S. OTC market, also trades on the SIX Swiss Exchange under the ticker NESN. A TradeStation Global account allows you to use both TradeStation’s and IBKR’s platforms.

Cost of Trading Penny and OTC Stocks at TradeStation

TradeStation charges a 0.5¢ commission for every OTC stock trade. This same commission applies to penny stocks priced below $1.00 on any exchange. There is a $1 minimum and a $50 maximum on these trades.

For trades on foreign exchanges, commissions vary depending on the exchange used.

Searching for Penny and OTC Stocks

TradeStation’s desktop platform allows you to find both penny stocks and OTC securities. To open the search tool, log in to the platform and click the "Scanner" tile in the list of apps on the dashboard.

In the search tool, click "Create Scan." You can set various criteria, including exchange. Here, you can specify OTC stocks. It’s also possible to search all U.S. stocks, including those in the OTC market. You can even filter by price, which will show all stocks below the price you set.

TradeStation OTC Stocks

Submitting an Order for an OTC/Penny Stock

To place an order for penny stocks or OTC assets, simply follow the same steps as with any other stock. You can use TradeStation’s mobile app, website, or desktop platform.

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Moomoo as Alternative

As an alternative, you can try Moomoo that provides access to 12,000 penny stocks, pink sheets, and OTC BB stocks with $0 commission ().

Open Moomoo Account

Visit Moomoo Website

Updated on 1/23/2026.

About the Author

Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.