Why do many online brokers charge higher fee for penny stock transactions?
Are these harder for a broker to acquire or more complicated to report? Apart from a higher base transaction fee, I see some brokers charge up to $0.015 PER SHARE for stocks valued under $1 making these transactions effectively meaningless.
they do not make it meaningless but do cut into profits a good deal. they may be more difficult for the broker to obtain and to try and get their customers to avoid riskier stocks
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