I use Questrade, but Virtual Brokers allow 1c commissions as well. I haven't tried their services, but they could be similar. Questrade, luckily, allows eSignatures for the second account made and any account made afterwards. Banks unfortunately don't give 1c commissions.
Go for Questrade. Their trading platform is insanely well-made. There's no fast way to opening an account; I myself still had to send in a form.
If your penny stock is on the OTC market, you will need to pay extra for OTC support. Brokerages here only support NYSE, NASDAQ, and AMEX by default.
I recommend just throwing the money in the trash can. It will be a lot easier and the result will be the same.
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There's a penny stock I'm interested in buying. I tried signing up online several places but I end up wasting 20 minutes to get to a stage where I need to print a bunch of documents, sign them, and mail them in.
I wanted a 100% online sign-up that I could just complete and be done, but everything like that looked like a scam.
I made an appointment with my bank to make an account, but it's not until July 31. By then my stock might have taken off, leaving me in the dust. Can I just call a broker or something and do it right away? How do I do this?
ps. I am aware of the bad rep penny stocks have, but I know a guy who knows a guy who knows a guy who can pick them. The guy made 10K off 2K last month following this guy's advice. I have $1000 to burn. I'm willing to risk it, it sounds fun.
