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Wells Fargo: Buying OTC (Penny) Stocks in 2026
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Penny and OTC Stocks at WellsTrade: Points to Remember
• Over-the-counter securities and penny stocks can be traded inside a brokerage account at WellsTrade or Wells Fargo Advisors.
• Transactions of penny and OTC securities are commission-free at WellsTrade but not at Wells Fargo Advisors.
• WellsTrade has a user-friendly search engine to find penny stocks.
Overview of Penny Stocks and OTC Instruments at Wells Fargo
Penny stocks are stocks priced below a certain level, such as $1 or $5. Over-the-counter (OTC) stocks, by comparison, are stocks that trade at any price level in the OTC marketplace and not on one of the major national exchanges, like the New York Stock Exchange.
Both Wells Fargo Advisors and WellsTrade offer access to OTC stocks and penny stocks. WellsTrade does not permit the purchase of OTC stocks priced below $1.00, although positions and sales are permitted in such assets.
Finding OTC/Penny Stocks at WellsTrade
It’s really easy to find penny stocks at WellsTrade. Simply log into the broker’s website and hover over the Research tab in the top menu. In the drop-down window that appears, select the link for screeners. On the next page, click on the button for the stock screener (and not for the ETF screener).
With the equity search wizard pulled up, it’s time to get down to business. Simply specify a maximum price in the last-price field, and it’s off to the races. We received thousands of results below $5. Unfortunately, there is no method to search specifically for OTC stocks at WellsTrade.
Submitting an Order for a Penny or OTC Stock
At WellsTrade, penny stocks and OTC equities trade the same way as other securities. Simply enter the ticker symbol and specify the trade parameters, such as duration and order type. If a security is an over-the-counter instrument, the order form will show ‘OTC’ as the exchange.
Cost of Trading Penny and OTC Stocks at Wells
WellsTrade does not charge any commissions on trades of stocks or American Depository Receipts (ADRs), which are very common in the OTC marketplace. There are no surcharges for these special trades, either, so they cost nothing on the buy side. Sells will have small exchange and regulatory fees, which is normal in the industry.
Wells Fargo Advisors is a different story. Brokerage accounts there are full-service accounts, and trades in these accounts will have commissions that are disclosed at the point of account opening.
moomoo as an Alternative
As an alternative, you
can try moomoo that offers access to 12,000 penny stocks and OTC securities with $0 commission
(learn more).
Open moomoo Account
Visit moomoo Website
Updated on 6/5/2026.
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.
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