Finding a broker for OTC stock

This is a discussion on Finding a broker for OTC stock within the First Steps forums, part of the Reception category; Hey everyone! I'm new to this forum, so this is my first post. I came across it trying to google ...

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Old Feb 9, 2017, 3:58pm   #1
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Joined Feb 2017
Finding a broker for OTC stock

Hey everyone!

I'm new to this forum, so this is my first post. I came across it trying to google brokers and it seemed like a really sensible place to pose my question...

I'm completley new to stocks and shares and to be honest, anything finance based! So, forgive me if I use incorrect terms etc or am a little hazy.

In short, I would like to buy some shares. I want to buy within 1x specific company. I have a small amount of money, around £2k to invest. I was told as the money is small perhaps to do it via my bank as brokers take higher commission but mainly require a far higher minimum spend. I rang my bank and they explained you can apply to do share dealing online with them but on looking into the company, they are in a different market and the bank doesn't trade in the market the company I wish to invest in, is in. The market is called 'over the counter'...

The advisor explained up front he can't help me with this or advise me really but he can tell me it can be tricky finding a broker that trades in this market. I need to google 'OTC brokers UK' to find a specialist or find a standard broker that is willing to do it.

I've started googling but I've already realised this is not as simple as I had first thought...

Does anyone know of any brokers UK/London based who deal in OTC stocks? That might be willing to invest smaller amounts of money? If anyone has any tips or advise for this market also, or has any advice on things that I should look out for/be aware of, that would be super helpful too!

Thank you so much in advance!

- imnewtothis
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Old May 25, 2017, 12:37am   #2
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Joined May 2017
Did you have any luck finding a suitable broker?
srm1987 is offline   Reply With Quote
Old Jun 1, 2017, 9:19am   #3
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Joined Jun 2017
Hi imnewtothis,

With $2000, I wouldn't be trading stocks. The commissions are just too high, and brokers are unlikely to entertain you with that size. That being said, most people only have a few thousand to trade with, so forex is actually more reasonable.

With forex, you can start with $200, $500, or $1000, and get used to trading and learning how the market works.

Keep learning!
Jeffrey TA is offline Training literature vendor (e.g courses / spreadbetting guides / eBooks)   Reply With Quote
Old Jun 3, 2017, 9:40am   #4
Joined Sep 2013
Regarding to OTC you can check Tickmill or Нotforex, both are good with your local FCA regulations. Not sure If they offer specific stocks but certainly there are OTC on main indices.
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