> How do you trade US penny stocks in the UK?

How do you trade US penny stocks in the UK?

Posted at: 2014-12-05 
While I can't recommend your planned course of action, here's the answer to your question:

You could open a trading account with a UK broker who can deal in the shares you want (not all UK brokers will deal in all US stocks). You are likely to get a pretty poor exchange rate from UK brokers though and they will convert currencies on each and every trade so you will lose a bit on currency exchange each time you deal.

Alternatively, open an account with a US broker and deposit some funds with them. They should be able to convert your GBP funds to USD and then all the trades will be in USD so you would only need to convert when you take money out of the account (assuming there is any left!). I can't make any recommendations but have a look at TD Waterhouse, Charles Schwab, etc. There are dozens but I don't know which allow you to operate an account if you are not resident in USA. You could start your search here: http://www.online-broker-guide.com/broke...

Look, if a stock (of any country) CAN be traded in UK then if you want to splash a reasonable amount of money (say around £5k) then any decent UK broker can (or should) be able to do it. It's all about commission. If a UK broker can easily make, say, £90 for a trade he won't care what it is!

Of course you will have to prove (in your application) that you have the resources, understand the risk (like losing all your money) etc. to trade in this type of stock.

Let's say you invested £5k and lost it all then complained you didn't understand this could happen and that the £5k loss was beyond your means because you were a student or a low paid worker. The authorities would take a very dim view of the broker for letting you do it (even if it was Execution Only).

So don't come that cra* that you don't want all that bullsh*t about penny stocks being risky- there is a huge responsibility on reputable stockbrokers that idiots like you don't foolishly lose all their hard earned cash!

a fool and his money are soon parted

and you ARE a fool

Ask yourself 1 question

If YOU had even just a reasonably reliable method of trading penny stocks and making money would YOU write books about it or make dvds?

OR

would you keep the method to yourself and make loads of money?

OR if you are lucky and make a lot of money, get out of it quickly before your luck runs out THEN write books about how "good" you were.

A quote

"As of 2012, Tim Sykes makes millions of dollars every year for sharing his trading insights."

You will note that he doesnt make his money from actual trading.but telling others how to trade



Another quote

"In 2003, Tim Sykes started a hedge fund called Cilantro Fund Partners, LP. His hedge fund was the #1 ranked Short Bias Hedge Fund by Barclay for 3 years. In 2006, he was one of Trader Monthly’s “Top 30 Under 30.” Unfortunately, Tim tried changing his investment plans and the hedge fund lost 35% of its value. The fund closed in late 2007, "

Bet he never mentions that in his dvd

Not sure what brokers you have been looking at, but many brokers will handle US listed stocks - for example most of the banks have brokerage arms that deal in US stocks, as do other platforms like Selftrade. Just be aware that you are almost certain to lose your money trading US penny stocks when you inevitably lack the detailed information that professional dealers have, but it is your money.

DVD's. Seriously. money isnt free fool.

I simply want the answer to this question, please don't give me all that bullshit about penny stocks are risky etc etc I am not a fool and have done my own research and currently studying many books and other resources to learn technical analysis of the markets.. I just havn't been able to find any platforms/programs that seem to provide access to penny stocks in the US & the UK.. I also have been studying the methods of Tim Syikes through his DVD's but as I am not a US citizen I will have to find some alternatives as he uses the Thinkorswim platform which doesn't support the UK.