Can I Buy Penny | Stocks On Robinhood
Yes, you can buy penny stocks on Robinhood , but with a major catch: you can generally only trade stocks that are listed on major U.S. exchanges like the or NYSE . Key Trading Rules
: Robinhood and the SEC generally define a penny stock as any security trading under $5 per share . can i buy penny stocks on robinhood
: Most penny stocks that trade exclusively Over-the-Counter (OTC) or on the "Pink Sheets" are not supported for new purchases on the platform. Yes, you can buy penny stocks on Robinhood