Cheap Penny Stocks On Robinhood Are Hard To Come By
Buying penny stocks on Robinhood has become the norm for many traders. Given the appâs easy set-up and clear-cut operating platform, millions of new retail traders have made it their go-to platform. I know thereâve been plenty of concerns, including the lack of transparency from the company itself. Robinhood was also at the center of the debacle when the app restricted trading for specific âshort-squeezeâ stocks on Reddit.
Despite this as the case, plenty of retail traders are using the platform to this day. The sticking point for many is that the app doesnât allow access to over-the-counter or âOTC Penny stocks.â Not all penny stocks on the OTC are shady companies like the Wolf Of Wall Street movie portrayed in all fairness. But the reporting requirements are much laxer than those of the listed exchanges, including the NYSE and Nasdaq.