Over-the-counter (OTC) refers to the process of how securities are traded for companies that are not listed on a formal exchange. Securities that are traded over-the-counter are traded via a broker-dealer network as opposed to on a centralised exchange.
Every instrument traded over the counter (ticker .OTCMKTS) may have different trading requirements. EXANTE’s standard requirements for the OTC market are as follows:
Manual execution. You can trade OTC instruments only using voice trade via [email protected].
Manual order execution requests will be processed immediately after they are received on our side. Requests to add OTC instruments will take around 48 business hours to be completed.
.OTCMKTS can be traded with minimal amount of 100 shares and minimum order size 10'000 USD (not "OR").
That is, the order should be always equal to/more than 100 shares, and always equal to/more than 10,000$. I.e. if share costs 1000$, then it still should be 100 shares x 1000$.
We do not provide operations buying OTC stocks with pricing below 1 USD per share.
To execute the trade, you pay a standard exchange-imposed fee. We’ll calculate the total order placement cost once you make your voice trade request.