Can you trade penny stocks at RBC Direct Investing as of January 2024?
Yes, you can trade OTC penny stocks at RBC Direct Investing.
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
RBC Direct Investing penny stock fees, withdrawal fee and more
|💰 RBC Direct Investing stock trading fees class
|💰 RBC Direct Investing OTC stock fees
|CAD 9.95 per trade; CAD 6.95 if you make more than 150 trades per quarter
|📃 RBC Direct Investing available stock markets
|💰 RBC Direct Investing withdrawal fee
|💰 RBC Direct Investing minimum deposit
|💰 RBC Direct Investing inactivity fee
|📃 RBC Direct Investing deposit methods
|🗺️ Country of regulation
|🎮 RBC Direct Investing demo account provided
Data updated on January 4, 2024
What are penny stocks?
Penny stocks are defined as stocks that are priced below $5 and are issued by small companies. While some penny stocks are listed on formal securities exchanges, such as NASDAQ, the majority are traded over-the-counter (OTC) through a broker-dealer network.
Penny stocks are considered to be risky investments because of their poor liquidity and high price volatility. Only a small share of penny stocks have a real potential to bring high returns, while the vast majority tends to perform poorly. Investing in penny stocks may well result in you losing all your invested money. If you'd like to learn more, check out our guide to trading penny stocks. Below, you can view examples of a well-performing and a poorly performing penny stock in 2022.
Poorly performing penny stock in 2022
Well-performing penny stock in 2022
Looking for the best brokers for penny stocks?
If you're looking for the best brokers that offer penny stocks trading, check our list of the world's best brokers for penny stocks.
Is it worth investing in penny stocks?
Penny stocks are highly volatile assets that require caution. Some penny stocks may lose all their value over a relatively short period, while others may produce above-average returns.
Why are penny stocks so risky?
Penny stocks are considered risky assets because of their high price volatility and lack of liquidity. Penny stocks are shares of small companies, only a few of which have the potential to perform well in the future. Because of poor liquidity, it is hard or sometimes outright impossible to sell the stocks you own.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
- Diversifying your investments
- RBC Direct Investing ETF trading explained as of July 2023
- RBC Direct Investing fractional shares trading conditions explained as of July 2023
- RBC Direct Investing cash interest rate as of February 2024
- RBC Direct Investing ESG investing July 2023
- RBC Direct Investing invest $100,000 as of July 2023
- RBC Direct Investing IPO accessibility
- RBC Direct Investing US stock trading details October 2023